
Big Bear Lake, California 92315
This Spacious Mountain Residence represents a Strong Value Opportunity, listed at $469,000—positioned well below the $493,975 Fair Market Value by 5%. This valuation gap provides $24,975 in Instant Equity for the buyer. Featuring a Fair Condition Rating, the home offers significant upside through cosmetic modernization of its 1972 interiors. With a large 11,859 sqft lot and prime Fox Farm location, this is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking a high-potential mountain retreat.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 383 Catalina Subject | $445,000* List Price | 3 | 2 | 1,492 | $302 | - |
A 758 Elm Street Sold | $520,000 | 4 | 3 | 1,846 | $282 | 0.6 mi |
B 433 Catalina Active | $499,000 List Price | 3 | 2 | 1,536 | $325 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1972, the home features dated wood paneling and a galley-style kitchen consistent with its age. While it has received essential system maintenance including a new roof (2019), new gutters (2020), and an updated 50-amp electrical panel, the interior remains largely unrenovated and requires cosmetic updates to meet modern standards.
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.
Situated in the highly desirable Fox Farm neighborhood, this property offers exceptional proximity to ski resorts, the lake, and local dining, making it a premier choice for a vacation rental or second home.
The home features a newer roof (2019) and gutters (2020), along with a dedicated 50-amp panel for a future spa, providing buyers with high-value structural upgrades and reduced immediate maintenance costs.
The 1972 construction features extensive wood paneling and a galley-style kitchen, which may feel dark or dated to modern buyers seeking a contemporary mountain-modern aesthetic.
The property is served by elementary and middle schools with low performance ratings (2 and 3 respectively), which could deter full-time families and potentially impact long-term resale value.
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 |
|---|---|---|
| Beds | 3.0 | 3.0 |
| Baths | 2.0 | 2.0 |
| Square foot | 1,492 | 1,503.603 |
| Lot Size | 11,859 | 7,837.809 |
| Price | $445.0K | $634.9K |
| Price per sq ft | $298 | $399 |
| Built year | 1972 | 1981 |
| HOA | $0 | $2.9K |
| Days on market | 35 | 68 |
Aug 16, 2026
$445,000
$469,000
-5% Price Drop
Initial Listing
Aug 5, 2026
$469,000
Initial Listing
Mar 24, 2016
$315,000
Public Record
Jul 28, 2003
$255,000
Public Record
Aug 11, 1999
$145,000
Public Record