42577 Falcon Avenue, Big Bear Lake, California 92315, Big Bear Lake, 92315 - 2 bed, 2 bath
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Big Bear Lake, California 92315
This Turnkey Log-Style Cabin is a Prime Investment Opportunity, listed at $485,999—positioned well below the $497,297 Fair Market Value by 2%. This valuation gap provides $11,298 in Instant Equity. Boasting a Mint Condition Rating, the home features a modern quartz kitchen, rock fireplace, and a private spa. Its prime location between two ski resorts and status as a five-star Airbnb ensures high rental demand and lifestyle appeal. This property is a strategic acquisition for Short-Term Rental Investors or Vacation Home Seekers.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 42577 Falcon Avenue Subject | $485,999* List Price | 2 | 2 | 1,060 | $423 | - |
A 1162 Sylvan Sold | $435,000 | 3 | 2 | 1,156 | $376 | 0.7 mi |
B 42958 Encino Road Sold | $380,000 | 2 | 1 | 1,020 | $373 | 0.5 mi |
C 42581 Willow Sold | $407,500 | 2 | 1 | 720 | $566 | 0.2 mi |
D 42536 Cedar Ave. Active | $525,000 List Price | 2 | 2 | 964 | $545 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
Although built in 1997, the property has undergone a comprehensive recent renovation featuring a modern kitchen with quartz countertops and stainless steel appliances, upgraded bathrooms with marble finishes, and updated systems including mini-split AC and Nest-controlled heating, placing it in mint, move-in-ready condition.
Ideally situated between Bear Mountain and Snow Summit, this property is within walking distance to the ski shuttle and Moonridge amenities, making it highly desirable for vacationers and winter sports enthusiasts.
The home features high-end renovations including quartz countertops, marble bathroom finishes, and a private spa, offering a move-in-ready experience with contemporary mountain charm.
Currently operating as a five-star rated Airbnb, this property presents a turnkey investment opportunity with a demonstrated track record of success in the high-demand Big Bear short-term rental market.
With 1,060 square feet of living space on a 2,500 square foot lot, the property is relatively small, which may limit its appeal for larger families or those seeking significant outdoor acreage.
The assigned elementary and middle schools have low performance ratings (2 and 3 respectively), which could be a deterrent for buyers looking for a primary residence with school-aged children.
Welcome to your perfect Big Bear getaway, located between both ski areas- where convenience meets mountain charm. With easy year-round access, this beautifully renovated two-story log-style home offers 1,060 sq ft of thoughtfully designed living space, ideal as a full-time residence, vacation retreat, or proven income property. Step inside to an inviting open floor plan featuring warm knotty pine walls and ceilings, wood-like laminate flooring, and a stunning rock fireplace that anchors the living room. Enjoy movie nights with the built-in projection TV, creating a true cabin experience with modern comfort. The updated kitchen is both stylish and functional, showcasing quartz countertops, stainless steel appliances, including a gas range, microwave hood, dishwasher, fridge, and sink, and a convenient breakfast bar for casual dining. With two spacious bedrooms and two bathrooms, one on each level, this home offers flexibility and privacy. The upstairs en suite bedroom features its own balcony, perfect for morning coffee or evening stargazing. Bathrooms are upgraded with tile flooring and marble finishes, complemented by custom fixtures throughout. Additional highlights include minisplit air conditioning, Nest-controlled central heating, and laundry hook-ups for added convenience. Outside, enjoy a well-deserved soak in your private spa after a day on the slopes or a day on the Lake. A fully fenced rear yard offers quiet relaxation as you dine on the deck. This location truly shines, just a short walk to Moonridge favorites like Dank Doughnuts, Moonridge Coffee House, the Alpine Zoo, and the ski shuttle, plus it's only about a half mile to Bear Mountain Ski & Golf Course and Snow Summit Ski Area. Currently a five-star rated Airbnb, this property offers both lifestyle and affordable investment appeal in one of Big Bear’s most sought-after neighborhoods. Furnishings are negotiable
No exterior & parking available.
Grades K-6 • 2.0 mi
Grades K-6 • 2.5 mi
Grades 7-8 • 1.6 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 2.0 | 3.0 | 31% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 1,060 | 1,446 | 28% |
| Lot Size | 2,500 | 7,700 | 3% |
| Price | $486.0K | $575.0K | 38% |
| Price per sq ft | $458 | $396 | 73% |
| Built year | 1997 | 1977 | 78% |
| HOA | $0 | $0 | 50% |
| Days on market | 45 | 212 | 2% |
Apr 22, 2026
$485,999
Initial Listing
Jan 21, 2021
$400,000
Public Record
Apr 23, 2019
$297,000
Public Record
May 10, 2017
$279,000
Public Record
Jul 30, 2007
$283,500
Public Record
Mar 3, 2004
$225,000
Public Record
May 3, 2002
$167,500
Public Record
Aug 24, 2000
$135,000
Public Record
Aug 28, 1996
$115,000
Public Record