42545 Pegasus, Big Bear Lake, California 92315, Big Bear Lake, 92315 - 5 bed, 4 bath

42545 Pegasus, Big Bear Lake, California 92315 home-pic-0

42545 Pegasus

Big Bear Lake, California 92315

ACTIVE
CONDITION: GOOD
5Beds
4Baths
3,776Sq Ft
15,000Lot Size

Property Price

LIST PRICE$1,375,000
EST. MARKET VALUE
$1,426,391
3% BelowMARKET VALUE

SUMMARY

Estimated Market Value

$1,426,391 +$51,391 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
42545 Pegasus
Subject
$1,375,000*
List Price
543,776$378-
A
463 Windsong Place
Sold
$1,700,000443,596$4730.5 mi
B
42285 42285 Castle Crag
Sold
$1,599,000554,884$3270.4 mi
C
487 Fallen Leaf Road
Sold
$1,325,000443,116$4250.3 mi
D
195 Teakwood Drive
Sold
$1,200,000442,792$4300.2 mi
E
375 Meadow Circle N
Sold
$980,000433,264$3000.8 mi
F
42400 Eagle Ridge
Active
$1,399,500
List Price
543,702$3780.3 mi

* Subject property listed price vs sold prices of comps.

Condition Analysis

OVERALL CONDITION SCORE

Good
TeardownExcellent

Property is move-in ready.

Built in 2002, this luxury mountain estate is in move-in ready, turn-key condition. The property features high-quality finishes including granite countertops, stainless-steel appliances, and vaulted tongue-and-groove ceilings. While the architectural style and cabinetry reflect the original construction era, the home has been exceptionally well-maintained with functional dual-zone systems (heating and water) and no apparent deferred maintenance, placing it firmly in the 'good' category.

PROSSTRENGTHS & OPPORTUNITIES

  • Prime Location & Views

    Situated in the prestigious Castle Glen neighborhood, this property offers rare dual ski slope views of Bear Mountain and Snow Summit while backing onto unbuildable forest for permanent privacy.

  • Versatile Multi-Generational Layout

    The 3,776 sqft floor plan is expertly designed for hosting, featuring dual primary suites, two separate living rooms, and two laundry rooms, providing excellent privacy for large groups or rental guests.

  • High-End Mountain Finishes

    This turn-key estate showcases classic luxury mountain architecture with vaulted tongue-and-groove ceilings, granite countertops, and an oversized garage specifically designed for mountain gear and vehicles.

CONSRISKS & DEFICIENCIES

  • Low Local School Ratings

    The assigned elementary and middle schools have low performance ratings (2 and 3 respectively), which may limit the property's appeal to families looking for a primary residence.

  • Reverse Floor Plan Accessibility

    The reverse floor plan requires navigating stairs to reach the main living area and kitchen, which can be a daily inconvenience for those with mobility concerns or when transporting groceries.

About 42545 Pegasus

Perched at the top of prestigious Castle Glen on Pegasus Way, this luxury retreat captures breathtaking ski slope views of both Bear Mountain and Snow Summit. Designed with a reverse floor plan to maximize the scenery, the home features vaulted tongue-and-groove ceilings and expansive upper and lower decks overlooking unbuildable forest with a peek of the lake. Offering 5 bedrooms plus an additional office and 4 full bathrooms, the layout is ideal for hosting and privacy alike. The main level includes 3 bedrooms and 2 baths, while the lower level offers 2 bedrooms, an office, and 2 baths. Two spacious primary suites feature walk-in closets and direct deck access. Each level is complete with its own living room, fireplace, and laundry room. Dual forced-air heaters and dual water heaters provide comfort and efficiency year-round. The kitchen is appointed with granite countertops and stainless-steel appliances. Turn-key and thoughtfully designed, this mountain estate also includes a way oversized two-car garage—perfect for vehicles, toys, and gear.

Property Details

Public Facts

Property Type
Single Family Residence
Year Built
2002
Lot Size
15,000 Sq. Ft.

Interior

Total Bedrooms
5
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 • 2.2 mi

2/10

Big Bear Middle School

Grades 7-8 • 1.7 mi

3/10

Big Bear High School

Grades 9-12 • 2.8 mi

6/10

Sensitive Facilities

No sensitive facilities data found.

Neighborhood Comparison

FeatureSubjectAverage HomeNeighborhood Ranking (50 Listings)
Beds5.03.0
93%
Baths4.02.0
80%
Square foot3,7761,733
95%
Lot Size15,0008,182
81%
Price$1.38M$650.0K
91%
Price per sq ft$364$392
37%
Built year20021977
84%
HOA$0$0
50%
Days on market11215
1%

Pricing History

Listed for Sale

Feb 24, 2026

$1,375,000

Initial Listing

Sold

Oct 16, 2014

$850,000

Public Record

Sold

Oct 19, 2001

$110,000

Public Record

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