42364 Heavenly Valley, Big Bear Lake, California 92315, Big Bear Lake, 92315 - 4 bed, 4 bath
42364 Heavenly Valley
Big Bear Lake, California 92315
Property Price
SUMMARY
Analysis of 42364 Heavenly Valley, Big Bear Lake, California 92315 reveals a property with a current list price of $1,550,000, which is 8% above the estimated $1,429,366 Fair Market Value. Buyers should carefully evaluate the pricing and consider negotiation opportunities. 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
Comparable Sales Map
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 42364 Heavenly Valley Subject | $1,550,000* List Price | 4 | 4 | 3,658 | $391 | - |
A 42046 Evergreen Sold | $1,250,000 | 4 | 5 | 3,533 | $354 | 0.4 mi |
B 195 Teakwood Drive Sold | $1,200,000 | 4 | 4 | 2,792 | $430 | 1.0 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
OVERALL CONDITION SCORE
Property is move-in ready.
Built in 2007, this property fits the 10-20 year age criteria for a 'good' condition rating. The home is described as a turnkey vacation rental in pristine condition, featuring an entertainer's kitchen with a large center island and well-maintained redwood decking. While the log-style architecture is specific to its era, the property is move-in ready with functional major systems and no immediate need for renovation.
PROSSTRENGTHS & OPPORTUNITIES
- High Available Lot Utilization
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 15100, living area = 3658.
- Strategic Resort Proximity
Ideally situated between Snow Summit and Bear Mountain, this property offers rare, effortless access to both major ski resorts within a 5-minute drive, driving high year-round occupancy.
- Proven Investment Performance
A turnkey vacation rental with a strong history of $90K+ annual gross revenue, featuring a high-capacity layout that sleeps 16 and consistently earns 5-star reviews.
CONSRISKS & DEFICIENCIES
- MLS Listing Discrepancy
Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 4, other record bedroom count = 3.
- Low School Ratings
The property is served by elementary and middle schools with low ratings (2/10 and 3/10), which may limit its appeal to full-time resident families despite the upscale neighborhood.
- High Maintenance Exterior
The authentic log-style construction and extensive redwood decking require frequent and costly specialized maintenance to protect against the harsh alpine climate and snow accumulation.
About 42364 Heavenly Valley
Stunning views from this one-of-a-kind log style home located in one of Big Bear Lake's most coveted areas. This home offers a prime position between both major ski resorts - Nestled in upscale Heavenly Valley Estates, the home sits just ~4-minute drive to Snow Summit and 5-minute drive to Bear Mountain. Few Big Bear locations offer this effortless access to both resorts in one stay. Quiet, private, forested luxury setting in an exclusive neighborhood - Heavenly Valley Estates features custom homes on large lots (this one: 0.35 acres) with sylvan privacy, mature trees, and underground utilities (no overhead power poles spoiling views). It delivers a peaceful upscale escape with photogenic, high-end curb appeal featuring a log-home style, expansive redwood deck with hot tub, and pristine mountain-forest backdrop. The open floorplan is perfect for entertaining and hosting, featuring a spacious living room with a fireplace that connects to the dining area, kitchen and bar. The entertainer's kitchen features a large center island with ample seating and extensive counter space. There are 4 bedroom and 3.5 bathrooms. Three of the bedrooms are luxurious suites, each with its own bathroom and closet. An additional bunk room is located above the garage. Outside you will find an expansive red wood deck where you can relax in the hot tub or entertain guests while enjoying the fresh mountain air. There is an attached 3 car garage with ample parking. This property is a highly sought after vacation rental with strong revenue history - The area (and this exact home when previously rented) supports large groups (sleeps 16 comfortably), 5-star reviews, and $90K+ annual gross in a high-demand pocket. Central-yet-quiet positioning drives better year-round occupancy than slope-distant or overly touristy zones, with easier management due to short drives for cleaners/owners. Guest-friendly logistics & parking - plus proximity to free Big Bear trolleys/shuttles to resorts and town. Guests rave about hassle-free arrivals/departures-unlike congested Village or lakefront areas with tight parking and traffic during peak seasons. This location combines the best of both worlds-world-class winter ski access + effortless summer lake/Village fun-in a serene, upscale pocket that supports premium pricing and high occupancy with lower "guest friction" than busier or more remote Big Bear spots. It's a turnkey performer for anyone targeting Southern California's ski-and-lake vacation market.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 2007
- Lot Size
- 15,100 Sq. Ft.
Interior
- Total Bedrooms
- 4
- Total Bathrooms
- 4 (4 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
Big Bear Middle School
Grades 7-8 • 1.4 mi
Big Bear High School
Grades 9-12 • 3.0 mi
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 4.0 | 3.0 | 65% |
| Baths | 4.0 | 2.0 | 80% |
| Square foot | 3,658 | 1,733 | 94% |
| Lot Size | 15,100 | 8,182 | 81% |
| Price | $1.55M | $650.0K | 92% |
| Price per sq ft | $424 | $393 | 64% |
| Built year | 2007 | 1977 | 91% |
| HOA | $0 | $0 | 50% |
| Days on market | 5 | 215 | 1% |
Pricing History
Listed for Sale
Mar 2, 2026
$1,550,000
Initial Listing
Sold
Jul 27, 2023
$1,450,000
Public Record
Sold
Dec 20, 2018
$980,000
Public Record
Sold
Mar 12, 2015
$900,000
Public Record
Sold
Aug 23, 2013
$651,000
Public Record
Sold
Aug 14, 2007
$1,030,000
Public Record