383 Catalina, Big Bear Lake, California 92315, Big Bear Lake, 92315 - 3 bed, 2 bath
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Big Bear Lake, California 92315
This Spacious Mountain Residence is a Strong Value Opportunity, listed at $479,000—positioned well below the $519,340 Fair Market Value by 7%. This valuation gap offers $40,340 in Instant Equity for buyers. The property maintains a Functional Condition Rating with a newer roof and gutters, though the dated interior provides a clear path for forced appreciation through modernization. Located in the desirable Fox Farm neighborhood with Mountain Views and a massive 11,859 sqft lot, it perfectly balances mountain lifestyle with financial upside. This is an ideal opportunity for Owner-Occupants or Buy-and-Hold Investors.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 383 Catalina Subject | $479,000* List Price | 3 | 2 | 1,492 | $321 | - |
A 565 Golden West Sold | $575,000 | 4 | 2 | 1,432 | $402 | 0.6 mi |
B 41819 41819 Chalet Sold | $560,000 | 4 | 3 | 2,032 | $276 | 0.7 mi |
C 758 Elm Street Sold | $520,000 | 4 | 3 | 1,846 | $282 | 0.6 mi |
D 42557 La Cerena Active | $529,999 List Price | 3 | 2 | 1,520 | $349 | 0.7 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1972, this property is aged but has received important structural updates with a new roof (2019) and gutters (2020). However, the kitchen is significantly dated with original-style white cabinets, avocado-colored laminate countertops and sink, and older white appliances, requiring a full renovation. The main bathroom features some updated elements like a new vanity, vessel sinks, and faucets, but still retains a dated avocado-colored tub. While functional and maintained, the interior aesthetics, particularly the kitchen, are outdated and would benefit from substantial modernization.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 11859, living area = 1492.
Centrally located in Fox Farm, offering convenient access to ski resorts, amenities (grocery, restaurants), parks, and a public boat launch.
Ideal for a full-time residence, second home, or proven long-term rental, appealing to a broad buyer pool.
Built in 1972, the 'galley-style kitchen' and general aesthetic, despite some updates, may require further modernization to meet contemporary buyer preferences.
A significant price drop from the initial listing suggests potential market resistance or initial overpricing, which could influence buyer perception.
The nearby Big Bear Elementary School has a low rating (2), which might be a deterrent for families prioritizing school quality.
Attractive central location in Fox Farm, close to ski resorts, grocery stores, restaurants, parks, and public boat launch, on a tree-lined street in the heart of Big Bear Lake. Great full-time residence, second home, or investment opportunity. Featuring three spacious bedrooms with ample storage, wood trim and paneling throughout, and an open, functional layout. The galley-style kitchen is equipped with a dishwasher, refrigerator, and microwave, and connects seamlessly to a dedicated formal dining area highlighted by open-beam ceilings and wood floors—perfect for gatherings after a day on the mountain. The adjacent living room showcases a large native rock fireplace with wood burning air-tight insert, creating a cozy focal point for chilly Big Bear evenings, and offers direct access to the outdoors. A laundry room and half bath conveniently serve the main level, while upstairs you’ll find a full bathroom with separate tub and shower, updated sinks, and new faucets. Additional features include a 2-car attached garage with room for vehicles, gear, and storage, plus a sizable back yard with built-in sled hill—ideal for winter snow play or summer relaxation. Previously used as a long-term rental. Improvements include new roof (May 2019) and new gutters (September 2020). Dedicated 50 amp panel for future spa. Schedule your private showing today and start making memories in the mountains!
No exterior & parking available.
Grades K-6 • 1.7 mi
Grades 7-8 • 1.3 mi
Grades 9-12 • 3.1 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 3.0 | 50% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 1,492 | 1,488 | 50% |
| Lot Size | 11,859 | 8,000 | 75% |
| Price | $479.0K | $589.4K | 35% |
| Price per sq ft | $321 | $396 | 17% |
| Built year | 1972 | 1975 | 45% |
| HOA | $0 | $0 | 50% |
| Days on market | 85 | 213 | 9% |
Feb 7, 2026
$479,000
$525,000
-9% Price Drop
Initial Listing
Jan 27, 2026
$525,000
Initial Listing
Mar 24, 2016
$315,000
Public Record
Jul 28, 2003
$255,000
Public Record
Aug 11, 1999
$145,000
Public Record