42791 Ursa Major Way, Big Bear Lake, California 92315, Big Bear Lake, 92315 - 3 bed, 3 bath
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Big Bear Lake, California 92315
This Turnkey Short-Term Rental Asset is a Strong Value Opportunity, listed at $899,000—positioned well below the $899,522 Fair Market Value by 0.06%. Featuring a Chef's Kitchen, 900 sq. ft. redwood deck, and a Bonus Game Room, the property maintains a Condition Rating of 3, ensuring it is move-in ready. While school ratings are modest, the home’s high-yield rental potential and premium amenities make it an ideal acquisition for Buy-and-Hold Investors or Vacation Home Buyers seeking a high-performing mountain retreat.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 42791 Ursa Major Way Subject | $899,000* List Price | 3 | 3 | 2,702 | $334 | - |
A 41971 Tamarack Sold | $860,000 | 4 | 3 | 2,284 | $377 | 0.9 mi |
B 138 Crater Lake Sold | $700,000 | 3 | 2 | 1,884 | $372 | 0.3 mi |
C 42333 Eagle Ridge Sold | $1,100,000 | 4 | 4 | 2,982 | $369 | 0.8 mi |
D 42729 Haupstrasse Drive Sold | $650,000 | 3 | 3 | 1,950 | $333 | 0.2 mi |
E 750 Elm Street Sold | $715,000 | 4 | 3 | 2,036 | $351 | 0.5 mi |
F 556 Lucerne Drive Active | $899,000 List Price | 3 | 4 | 2,500 | $360 | 0.5 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
While built in 1984, the property has undergone significant updates including a chef's kitchen with Viking appliances and granite countertops, premium laminate flooring, and central HVAC. The condition reflects a well-maintained renovation likely within the 5-15 year range, making it move-in ready.
Sold fully furnished with a 300-square-foot bonus game room and indoor tavern, this property is perfectly positioned as a high-yield short-term rental investment in a premier vacation destination.
The kitchen features high-end upgrades including a six-burner Viking cooktop, granite countertops, and a large pantry, offering a luxury culinary experience rarely found at this price point.
A massive 900-square-foot redwood deck with a hot tub provides exceptional outdoor entertaining space, complemented by a rare level lot that accommodates RV parking.
The assigned elementary and middle schools have low ratings (2/10 and 3/10), which may deter families looking for a primary residence despite the home's size.
Built in 1984, the property features extensive wood decking and older architectural elements that may require higher ongoing maintenance costs compared to newer mountain builds.
Prime Fox Farm location of Big Bear Lake's most desirable neighborhood! Nestled within the majestic San Bernardino Mountains. This custom home is located in the sought-after Fox Farm area of Big Bear Lake on a level lot of 7748 Square Feet (per tax accessor data) perfect for RV parking. You will be greeted by a welcoming front porch and updated home that boasts a large living room, family room with vaulted ceilings, stately dining room to host wonderful parties, indoor tavern, and a BONUS downstairs Game Room with a half bath that is approximately 300 Extra Square Feet of Living Space. The chef's kitchen has gorgeous granite counters, six burner Viking cooktop, stainless steel appliances, large pantry, and is an entertainer's dream. Some other highlights of the home include a large redwood deck of approximately 900 Square Feet, premium laminate flooring throughout, Central Heating and Air, an abundance of windows, vaulted ceilings, a beautiful fireplace, two wood burning stoves, a finished garage, an indoor laundry room and a primary suite with a full bath. Take pleasure in grilling out on the deck and soaking in the sizeable hot tub while watching the starlit night sky. Whether you are in the market for a primary residence or vacation home retreat to escape the hustle and bustle of city life 42791 Ursa Major Way is the home for you with 2702 Square Feet of Living Space. Minutes away from the Lake, hiking trails, Ski slopes, Village shopping, restaurants, 4X4 trails, and Alpine Zoo.
No exterior & parking available.
Grades K-6 • 2.1 mi
Grades 7-8 • 1.6 mi
Grades 9-12 • 2.7 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 3.0 |
| Baths | 3.0 | 2.0 |
| Square foot | 2,702 | 1,300 |
| Lot Size | 7,748 | 7,350 |
| Price | $899.0K | $600.7K |
| Price per sq ft | $333 | $413 |
| Built year | 1984 | 1968 |
| HOA | $0 | $1.2K |
| Days on market | 36 | 85 |
Jun 16, 2026
$899,000
Initial Listing
Apr 16, 2021
$865,000
Public Record