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

42788 Monterey
Big Bear Lake, California 92315
Property Price
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
Comparable Sales Map
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 42788 Monterey Subject | $435,000* List Price | 2 | 2 | 816 | $507 | - |
A 42559 Cedar Sold | $320,000 | 2 | 1 | 768 | $417 | 0.4 mi |
B 42704 Alta Vista Sold | $430,000 | 2 | 2 | 988 | $435 | 0.2 mi |
C 800 Club View Drive Sold | $500,000 | 3 | 2 | 998 | $501 | 0.2 mi |
D 43101 Plymouth Road Sold | $530,000 | 3 | 2 | 992 | $534 | 0.5 mi |
E 42721 Willow Avenue Sold | $440,000 | 3 | 1 | 938 | $469 | 0.4 mi |
F 42637 La Placida Active | $326,900 List Price | 2 | 1 | 594 | $550 | 0.3 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
OVERALL CONDITION SCORE
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
Big Bear Elementary School
Grades K-6 • 2.3 mi
Big Bear Middle School
Grades 7-8 • 1.9 mi
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 2.0 | 3.0 | 25% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 816 | 1,716 | 8% |
| Lot Size | 4,806 | 8,167 | 10% |
| Price | $435.0K | $647.0K | 24% |
| Price per sq ft | $533 | $393 | 90% |
| Built year | 1975 | 1977 | 47% |
| HOA | $0 | $0 | 50% |
| Days on market | 3 | 215 | 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































