42531 Cedar Avenue, Big Bear Lake, California 92315, Big Bear Lake, 92315 - 3 bed, 2 bath
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Big Bear Lake, California 92315
This Single Family Residence represents a High-Potential Investment Opportunity, listed at $679,000—positioned above the $615,232 Fair Market Value. While currently priced above market, the property features a Condition Rating of 4, offering significant value-add potential through cosmetic updates. The 10,000 sqft double lot provides rare development flexibility, including the potential for a guest house or rental unit. With its Prime Resort Proximity to Bear Mountain and Snow Summit, this asset is ideal for Buy-and-Hold Investors or Owner-Occupants seeking a versatile mountain retreat with long-term appreciation potential.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 42531 Cedar Avenue Subject | $679,000* List Price | 3 | 2 | 1,656 | $372 | - |
A 138 Crater Lake Sold | $700,000 | 3 | 2 | 1,884 | $372 | 0.9 mi |
B 901 Tehama Sold | $500,000 | 3 | 3 | 1,574 | $318 | 0.8 mi |
C 42557 La Cerena Active | $519,999 List Price | 3 | 2 | 1,520 | $342 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1999, this 27-year-old property is well-maintained but features dated interior finishes, including original white cabinetry, older appliances, and standard 90s-style tile and carpet. While functional and move-in ready, it requires cosmetic updates to the kitchen and bathrooms 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 = 10000, living area = 1656.
Situated in the highly sought-after Moonridge area, this property is minutes from both Bear Mountain and Snow Summit Ski Resorts, offering exceptional appeal for vacationers and high potential for short-term rental income.
The inclusion of an adjacent 50x100 lot provides rare flexibility and value, allowing for the construction of a second home, guest house, or workshop to maximize the utility of the double-lot footprint.
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =10000, other record lot size in square feet = 5000.
The assigned elementary and middle schools have lower performance ratings (2 and 3 respectively), which may deter families looking for a primary residence with high-quality educational facilities.
While the property offers a pleasant wooded setting, it lacks the premium lake or direct mountain peak views that many high-end buyers and investors prioritize in the Big Bear Lake market.
Located in Moonridge just minutes from both Bear Mountain & Snow Summit Ski Resorts in the heart of Big Bear Lake. This inviting mountain retreat offers the perfect blend of comfort, functionality, and year-round adventure. The spacious open-concept kitchen flows seamlessly into the cozy living area featuring a warm fireplace—ideal for relaxing after a day on the slopes or the lake. Generously sized bedrooms provide plenty of space for family and guests, while the primary suite offers a sitting area, walk-in closet, and abundant natural light. The lower level features a flexible bedroom/den with private entrance and bath, perfect for guests, extended family, game room, home office, or potential rental setup. Situated on a private corner double lot, the property offers plenty of outdoor space with both front and rear porches to enjoy the mountain setting. Ample parking for boats, RVs, and outdoor toys adds to the appeal. Whether you’re seeking a full-time residence, vacation getaway, or investment opportunity, this Big Bear property delivers mountain living at its best. Includes adjacent 50x100 lot, offering added space and privacy, with potential to build an additional home, detached garage, guest house, workshop, or create the ultimate mountain retreat. Lots of possibilities here!
No exterior & parking available.
Grades K-6 • 2.0 mi
Grades K-6 • 2.6 mi
Grades 7-8 • 1.6 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 | 1,656 | 1,448 | 57% |
| Lot Size | 10,000 | 7,735 | 71% |
| Price | $679.0K | $580.0K | 64% |
| Price per sq ft | $410 | $396 | 54% |
| Built year | 1999 | 1977 | 78% |
| HOA | $0 | $0 | 50% |
| Days on market | 25 | 212 | 1% |
May 12, 2026
$679,000
Initial Listing
Apr 3, 2013
$300,000
Public Record
Mar 27, 2006
$455,000
Public Record
Sep 23, 2004
$254,000
Public Record
Dec 26, 1995
$29,090
Public Record