42324 Paramount, Big Bear Lake, California 92315, Big Bear Lake, 92315 - 3 bed, 2 bath

42324 Paramount, Big Bear Lake, California 92315 home-pic-0

42324 Paramount

Big Bear Lake, California 92315

ACTIVE
CONDITION: GOOD
3Beds
2Baths
2,160Sq Ft
7,932Lot Size

Property Price

LIST PRICE$699,000
EST. MARKET VALUE
$727,109
3% BelowMARKET VALUE

SUMMARY

Analysis of 42324 Paramount, Big Bear Lake, California 92315 reveals a Prime Investment Opportunity with a current list price of $699,000—significantly undercutting the $727,109 Fair Market Value by 3%. This valuation gap indicates a +$28,109 Instant Equity potential for buyers. The property maintains a Good Condition Rating (78/100), reflecting solid structural condition with well-maintained systems. The property presents an attractive opportunity for buyers seeking a move-in ready home. Located in a high-demand neighborhood within the Big Bear Lake Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for both Buy-and-Hold Investors and Owner-Occupants willing to undertake light renovation work.

Estimated Market Value

$727,109 +$28,109 Equity Potential
Based on Realkey algorithm analyzing recent comparable sales in Big Bear Lake.

Comparable Sales Map

Comparables within 1 miles sold in recently

Address Sold Price BedsBathsSq Ft$/SqftDistance
42324 Paramount
Subject
$699,000*
List Price
322,160$337-
A
381 Santa Clara Boulevard
Sold
$680,000522,216$3070.2 mi
B
41625 Mockingbird Drive
Sold
$805,000332,149$3750.9 mi
C
879 Waldstrasse Way
Sold
$705,000322,004$3520.6 mi
D
41984 Mapleleaf Drive
Sold
$725,000432,156$3360.7 mi
E
565 Golden West
Sold
$575,000421,432$4020.7 mi
F
42736 Tannenbaum Platz
Active
$664,900
List Price
332,095$3170.5 mi

* Subject property listed price vs sold prices of comps.

Condition Analysis

OVERALL CONDITION SCORE

Good
TeardownExcellent

Property is move-in ready.

The property is move-in ready and described as turnkey. Despite being built in 1983, it features updated stainless steel kitchen appliances, well-maintained wood-beam ceilings, and a fully finished lower-level entertainment wing with a wet bar. The home shows pride of ownership with no immediate renovations required, fitting the criteria for a well-maintained, functional residence.

PROSSTRENGTHS & OPPORTUNITIES

  • Entertainment-Ready Layout

    The home features a massive lower-level game room with a built-in wet bar and an expansive cedar deck, making it an ideal turnkey choice for hosting or a high-potential seasonal rental.

  • Exceptional Utility & Storage

    Rare for the area, this property includes a two-car garage, a dedicated workshop, and full RV/boat hookups, providing significant value for outdoor enthusiasts and hobbyists.

  • Classic Mountain Aesthetic

    The sun-drenched 'Great Room' boasts soaring wood-beam ceilings, natural skylights, and a floor-to-ceiling stone fireplace, capturing the quintessential Big Bear charm.

CONSRISKS & DEFICIENCIES

  • Low School Ratings

    The assigned elementary and middle schools have low ratings (2 and 3 respectively), which may be a concern for buyers looking for a primary residence with children.

  • 1980s Construction

    Built in 1983, the property may require ongoing maintenance or updates to systems like insulation and plumbing to meet modern efficiency standards compared to newer builds.

About 42324 Paramount

Experience the best of Big Bear living in this well-appointed Fox Farm home in an amazing central and charming location. Designed with an open-concept layout, the interior is centered around a sun-drenched "Great Room" featuring soaring wood-beam ceilings, natural skylights, and a floor-to-ceiling stone fireplace. This space flows naturally into the kitchen—equipped with a stainless-steel range and pull-out pantry storage—and a dedicated dining area where glass sliders lead out to an expansive cedar deck. Whether you’re hosting a summer BBQ or enjoying a quiet morning coffee, the surrounding pine trees and mountain views create a peaceful forest backdrop. The home’s three bedrooms include a spacious master suite and a guest bath featuring a soaking tub and separate shower. A standout feature of the property is the lower-level entertainment wing: a massive, dedicated game room with a built-in wet bar, designed specifically for hosting friends or family after a day on the mountain. Beyond the living space, the property offers practical utility rarely found in the area, including a two-car garage, a dedicated workshop for tools and projects, and a large parking area with full RV/boat hookups. Centrally located near the valley’s best dining and shopping, this property is a turnkey choice for a full-time residence, a vacation getaway, or a seasonal rental.

Property Details

Public Facts

Property Type
Single Family Residence
Year Built
1983
Lot Size
7,932 Sq. Ft.

Interior

Total Bedrooms
3
Total Bathrooms
2 (2 Full, 0 Half)

Exterior & Parking

No exterior & parking available.

Utilities & Misc

HOA Fee
$0 / Month

Neighborhood Insights

Big Bear Lake Unified Schools

Big Bear Elementary School

Grades K-6 • 1.8 mi

2/10

Big Bear Middle School

Grades 7-8 • 1.3 mi

3/10

Big Bear High School

Grades 9-12 • 3.1 mi

6/10

Sensitive Facilities

No sensitive facilities data found.

Neighborhood Comparison

FeatureSubjectAverage HomeNeighborhood Ranking (50 Listings)
Beds3.03.0
50%
Baths2.02.0
50%
Square foot2,1601,733
69%
Lot Size7,9328,167
46%
Price$699.0K$650.0K
59%
Price per sq ft$324$392
16%
Built year19831977
60%
HOA$0$0
50%
Days on market3215
1%

Pricing History

Listed for Sale

Mar 4, 2026

$699,000

Initial Listing

Sold

Jul 14, 2020

$484,000

Public Record

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