
Big Bear Lake, California 92315
This expansive mountain estate represents a Strong Value Opportunity, listed at $1,979,000—positioned well below the $2,097,279 Fair Market Value by 5%. This valuation gap provides $118,279 in Instant Equity. Featuring a Fair Condition Rating, the property offers significant upside for cosmetic modernization. With a private pool, sports court, and guest casita on nearly an acre, this is a premier Buy-and-Hold Investor asset or a luxury retreat for Owner-Occupants seeking a private resort compound near world-class skiing.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 42290 Heavenly Valley Subject | $1,979,000* List Price | 5 | 7 | 5,881 | $357 | - |
A 739 N Star Active | $2,499,000 List Price | 5 | 6 | 7,162 | $349 | 0.3 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1988, this 36-year-old estate is well-maintained but predominantly dated. While the exterior features a brand-new sports court, the interior—specifically the kitchen and bathrooms—retains original-style cabinetry, tile flooring, and older appliances. The presence of older carpeting and 80s/90s wood finishes throughout indicates the property is past the 20-year mark without a full-scale modern renovation, requiring cosmetic and likely system updates.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 38333, living area = 5881.
The property features a rare private pool—an extraordinary find in Big Bear Lake—alongside a brand-new sports court and fire pit, creating a premier four-season retreat.
Situated on nearly an acre of land, the estate offers over 5,800 square feet of living space plus a separate guest casita, providing a level of seclusion and versatility rarely available near the heart of the city.
Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 5, other record bedroom count = 4.
The assigned elementary and middle schools have low performance ratings (2/10 and 3/10 respectively), which may be a significant drawback for families prioritizing education.
Given the 1988 construction year, the massive 5,800+ square foot floor plan, and the inclusion of a private pool in a mountain climate, buyers should anticipate substantial ongoing maintenance and utility expenses.
A rare convergence of generous outdoor space, craftsmanship, and resort-style living, this exceptional Heavenly Valley Estates residence represents one of Big Bear Lake’s most distinctive offerings. Privately positioned across nearly an acre of land, the estate delivers a sense of scale and seclusion seldom found this close to the heart of Big Bear. Built by renowned local builder Bill Kawa, the home encompasses over 5,800 square feet with 5 bedrooms and 7 bathrooms, combining timeless mountain character with spaces designed for elevated everyday living and entertaining. Beyond the residence, the grounds set this property apart. A private pool—an extraordinary rarity in Big Bear Lake—is complemented by a brand-new sports court and newly created fire pit area, transforming the property into a true four-season retreat. Expansive outdoor spaces provide room to gather, entertain, unwind, and experience the mountain setting in complete privacy. A separate casita featuring 1 bedroom, 1 bathroom, and a kitchenette offers an intimate retreat for guests or extended family while maintaining separation from the main residence. Level entry further enhances the property’s year-round accessibility and effortless livability. Perfectly situated between Snow Summit and Bear Mountain ski resorts, the estate offers exceptional proximity to world-class mountain recreation while remaining just minutes from Big Bear Lake, the Village, dining, shopping, hiking, and biking. It is exceptionally rare to find a property in Big Bear Lake that offers the opportunity to combine such an expansive setting with over 5,800 square feet of living space, a private pool, sports court, guest casita, and premier location. This is not simply a mountain residence, but a private resort compound—an irreplaceable Big Bear estate created for those seeking something truly extraordinary.
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 | 5.0 | 3.0 |
| Baths | 7.0 | 2.0 |
| Square foot | 5,881 | 1,503.603 |
| Lot Size | 38,333 | 7,837.809 |
| Price | $1.98M | $634.9K |
| Price per sq ft | $337 | $399 |
| Built year | 1988 | 1981 |
| HOA | $0 | $2.9K |
| Days on market | 9 | 68 |
Aug 31, 2026
$1,979,000
Initial Listing
Jul 31, 2025
$1,675,000
Public Record
Feb 19, 2019
$1,500,000
Public Record
May 17, 2017
$1,237,500
Public Record