42608 Cedar, Big Bear Lake, California 92315, Big Bear Lake, 92315 - 3 bed, 3 bath
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Big Bear Lake, California 92315
This Versatile Income-Producing Property is a High-Potential Investment Opportunity, listed at $630,000—positioned well above the $541,003 Fair Market Value by -16%. While the list price exceeds current valuation, the property offers significant utility through its 3-bedroom main home and separate game room/guest suite. With a Condition Rating of 4, the home is move-in ready but provides room for modernization. Its proximity to Bear Mountain and Snow Summit makes it an ideal asset for Buy-and-Hold Investors or vacation rental operators seeking high-demand resort locations.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 42608 Cedar Subject | $630,000* List Price | 3 | 3 | 1,600 | $338 | - |
A 43213 Sand Canyon Road Sold | $449,000 | 3 | 2 | 1,408 | $319 | 0.8 mi |
B 901 Tehama Sold | $500,000 | 3 | 3 | 1,574 | $318 | 0.7 mi |
C 1218 Siskiyou Drive Sold | $580,000 | 2 | 2 | 1,614 | $359 | 1.0 mi |
D 758 Elm Street Sold | $520,000 | 4 | 3 | 1,846 | $282 | 0.2 mi |
E 138 Crater Lake Sold | $700,000 | 3 | 2 | 1,884 | $372 | 0.9 mi |
F 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 1968, this cabin is well-maintained and move-in ready but remains significantly dated. While the description mentions central HVAC and an updated deck, the kitchen and bathrooms feature older cabinetry, white appliances, and fluorescent lighting consistent with a 20+ year old renovation or original style. The interior carpeting and wood paneling are functional but require modernization to meet higher condition ratings.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 7500, living area = 1600.
Located less than a mile from both Bear Mountain and Snow Summit Ski Resorts, this property is ideally positioned for high vacation rental demand and outdoor enthusiasts.
The property features a separate game room with a kitchenette and an additional bedroom/bathroom suite, offering exceptional flexibility for multi-generational living or guest privacy.
Living area discrepancy between mls listing and other public or private record. mls listing living area = 1600, other record living area = 1308.
Originally built in 1968, the property may require ongoing maintenance or future capital improvements to its older structural components and systems.
The assigned elementary and middle schools carry low performance ratings, which could limit the property's appeal to families seeking a primary residence.
Looking for your forever home or possibly a vacation rental property in Lower Moonridge? Well, look no further. This property has over 1,600 + sq. ft., 3 bedrooms, 2 ½ baths, a game room, and is conveniently located approximately .9 miles from Bear Mountain and Snow Summit Ski Resorts. It is close to the Big Bear Alpine Zoo, and is on a large 7,500 sq. ft. corner lot with ample parking on the property. The main home is 2 BR/2BA and comes fully furnished and wonderfully decorated. One bedroom has a Cal King bed with a half bath. The other bedroom has a queen bed, a twin bed, and a twin over full bunk bed set. It also has a private balcony, where you can sit out and enjoy reading a book, listening to the birds chirp, or watch the raccoons climb up and down the tree. The home has a large, well-stocked kitchen, and a separate area that has been used as an office space. There is a washer and dryer and more storage located in that area. Heading out the sliding glass door, you can relax on the updated, lighted, deck that overlooks the fully fenced backyard, or treat yourself to an apple off of the apple tree when they’re in season. While in the backyard, you will see the large, log cabin-style shed. It is a great place to store your tools, sleds, lake toys, lounge chairs, bikes, etc… The home does have central heat and air, but the living room also has a large, wood- burning fireplace with an insert and a fan blower. The French doors lead out to the front porch where you can enjoy a barbecue dinner in the outdoor patio area with a nice dining table and chair set, or hang out in the entertainment space next door to play a game of pool or shuffle board. This cabin style game room has vinyl plank flooring, a sitting area, kitchenette, and an additional 1 BR/1BA above it. This includes a queen size bed and a twin bed with a pop up trundle underneath. It also comes fully furnished and is wonderfully decorated as well. You will love this extra space! . So, whether you are looking for that perfect home, a place to vacation, or maybe even an income producing property, you don’t want to miss this opportunity.
No exterior & parking available.
Grades K-6 • 2.1 mi
Grades K-6 • 2.5 mi
Grades 7-8 • 1.7 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 3.0 | 50% |
| Baths | 3.0 | 2.0 | 60% |
| Square foot | 1,600 | 1,420 | 54% |
| Lot Size | 7,500 | 7,635 | 47% |
| Price | $630.0K | $574.0K | 60% |
| Price per sq ft | $394 | $392 | 51% |
| Built year | 1968 | 1976 | 39% |
| HOA | $0 | $0 | 50% |
| Days on market | 10 | 213 | 1% |
Jun 4, 2026
$630,000
Initial Listing
Dec 23, 2015
$315,000
Public Record
Jan 21, 2010
$205,000
Public Record
Mar 5, 2004
$233,000
Public Record
May 19, 1999
$108,000
Public Record
Sep 17, 1997
$70,000
Public Record