42788 Monterey, Big Bear Lake, California 92315, Big Bear Lake, 92315 - 2 bed, 2 bath

42788 Monterey, Big Bear Lake, California 92315 home-pic-0

42788 Monterey

Big Bear Lake, California 92315

ACTIVE
CONDITION: GOOD
2Beds
2Baths
816Sq Ft
4,806Lot Size

Property Price

LIST PRICE$435,000
EST. MARKET VALUE
$413,727
5% AboveMARKET VALUE

SUMMARY

Analysis of 42788 Monterey, Big Bear Lake, California 92315 reveals a property with a current list price of $435,000, which is 5% above the estimated $413,727 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

$413,727
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
42788 Monterey
Subject
$435,000*
List Price
22816$507-
A
42559 Cedar
Sold
$320,00021768$4170.4 mi
B
42704 Alta Vista
Sold
$430,00022988$4350.2 mi
C
800 Club View Drive
Sold
$500,00032998$5010.2 mi
D
43101 Plymouth Road
Sold
$530,00032992$5340.5 mi
E
42721 Willow Avenue
Sold
$440,00031938$4690.4 mi
F
42637 La Placida
Active
$326,900
List Price
21594$5500.3 mi

* Subject property listed price vs sold prices of comps.

Condition Analysis

OVERALL CONDITION SCORE

Good
TeardownExcellent

Property is move-in ready.

Although built in 1975, the property is in move-in ready condition with significant modern updates. The kitchen features updated cabinetry and stainless steel appliances, while the bathrooms have been modernized with contemporary vanities and fixtures. The interior is well-maintained with stylish vaulted wood-beamed ceilings and updated flooring, showing minimal wear and tear.

PROSSTRENGTHS & OPPORTUNITIES

  • Exceptional Financing Opportunity

    The property features an assumable loan at a 2.875% interest rate for qualified buyers, providing a rare and significant financial advantage in the current high-interest market.

  • Prime Moonridge Location

    Situated in a highly desirable neighborhood with a south-facing orientation, the home offers easy access to Bear Mountain Ski Resort, the golf course, and local amenities while benefiting from maximum sunlight and faster snow melt.

  • Superior Outdoor Amenities

    The property includes a flat, usable backyard, multiple decks, and a private hot tub with expansive sky views, making it an ideal setup for both personal relaxation and high-performing short-term rental use.

CONSRISKS & DEFICIENCIES

  • Limited Square Footage

    At just 816 square feet, the interior living space is relatively compact, which may feel restrictive for larger groups or buyers seeking a more spacious full-time residence.

  • Low School Ratings

    The local elementary and middle schools are rated 2 and 3 respectively, which could be a drawback for families prioritizing high-performing school districts for a primary home.

About 42788 Monterey

Assumable loan opportunity at 2.875% interest rate for qualified buyers, subject to lender approval. Prime Moonridge location with a south-facing orientation and easy access to the paved pathway, Bear Mountain Ski Resort, the golf course, Alpine Zoo, scenic forest hiking and biking trails, plus local favorites like Moonridge Coffee and Dank Donuts. This stylish mountain home delivers both lifestyle and convenience. The reverse floor plan places the main living space upstairs, where vaulted wood-beamed ceilings and expansive windows bring in natural light and capture mountain and treetop views. A striking rock fireplace anchors the living room, while the kitchen and dining area flow comfortably for everyday living or hosting guests. A balcony just off the living and dining space extends entertaining outdoors and benefits from consistent sunshine throughout the day, along with easier winter snow melt thanks to the south-facing orientation. A bathroom is also conveniently located on this upper level. Downstairs, both bedrooms, a second bathroom, and laundry are positioned off the entry level, offering privacy and functionality. A dedicated mudroom with direct backyard access adds everyday practicality, and additional access from upstairs enhances indoor and outdoor flow. Multiple decks, a private hot tub with expansive sky views, and a flat, usable backyard create inviting outdoor space ideal for yard games, entertaining, or relaxing among the pines. Enjoy elevated, treehouse-like views while still benefiting from convenient access and parking. Whether you are searching for a vacation home, short-term rental investment opportunity, or full-time mountain residence, this property offers flexibility in one of Big Bear’s most established neighborhoods. Approximately 2.5 hours from Los Angeles, Orange County, and San Diego, weekend mountain escapes are simple and within easy reach.

Property Details

Public Facts

Property Type
Single Family Residence
Year Built
1975
Lot Size
4,806 Sq. Ft.

Interior

Total Bedrooms
2
Total Bathrooms
2 (2 Full, 0 Half)

Exterior & Parking

No exterior & parking available.

Utilities & Misc

HOA Fee
$0 / Month

Neighborhood Insights

Big Bear Lake Unified Schools

Baldwin Lane Elementary School

Grades K-6 • 2.2 mi

4/10

Big Bear Elementary School

Grades K-6 • 2.3 mi

2/10

Big Bear Middle School

Grades 7-8 • 1.9 mi

3/10

Sensitive Facilities

No sensitive facilities data found.

Neighborhood Comparison

FeatureSubjectAverage HomeNeighborhood Ranking (50 Listings)
Beds2.03.0
25%
Baths2.02.0
50%
Square foot8161,716
8%
Lot Size4,8068,167
10%
Price$435.0K$647.0K
24%
Price per sq ft$533$393
90%
Built year19751977
47%
HOA$0$0
50%
Days on market3215
1%

Pricing History

Listed for Sale

Mar 4, 2026

$435,000

Initial Listing

Sold

Jan 22, 2021

$390,000

Public Record

Sold

Dec 22, 2010

$165,000

Public Record

Sold

Sep 8, 2005

$272,000

Public Record

Sold

Nov 29, 2001

$135,000

Public Record

Sold

Jun 13, 2001

$115,000

Public Record

Sold

Feb 12, 1998

$74,500

Public Record

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