
Big Bear Lake, California 92315
This property presents a High-Potential Investment Opportunity with a List Price of $525,000—positioned well below the $541,897 Fair Market Value by 3%. This valuation gap offers $16,897 in Instant Equity. Featuring a Condition Rating of 3, this short-term rental-ready asset includes a 45-foot redwood deck and city-approved plans for an ADU. Its prime location near Snow Summit and high-occupancy layout make it an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking a versatile mountain compound.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 42795 Cougar Road Subject | $525,000* List Price | 5 | 3 | 1,508 | $359 | - |
A 42698 Fox Farm Sold | $517,000 | 3 | 2 | 1,280 | $404 | 0.5 mi |
B 758 Elm Street Sold | $520,000 | 4 | 3 | 1,846 | $282 | 0.4 mi |
C 901 Tehama Sold | $500,000 | 3 | 3 | 1,574 | $318 | 0.6 mi |
D 43213 Sand Canyon Road Sold | $449,000 | 3 | 2 | 1,408 | $319 | 0.8 mi |
E 373 Crystal Lake Sold | $619,000 | 3 | 3 | 1,707 | $363 | 0.4 mi |
F 42606 Avalon Road Active | $549,999 List Price | 3 | 2 | 1,340 | $410 | 0.3 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
Although built in 1952, the property has undergone recent renovations (<5 years) including a remodeled bathroom with marble vanity and glass shower, new stainless steel appliances, and new Shaw carpeting. The exterior features a new composite deck and fresh paint. It is well-maintained and move-in ready, fitting the criteria for a property with significant recent updates.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 10201, living area = 1508.
This short-term rental eligible property is purpose-built for high-occupancy revenue, featuring five private bedrooms with no shared walls and an attached efficiency apartment with a separate entrance.
Boasting direct views of Snow Summit's Chair 10 and walking distance to ski shuttles, trails, and the golf course, the location is premier for year-round mountain tourism.
Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 5, other record bedroom count = 4.
With five bedrooms configured within only 1,508 square feet, the individual room sizes and common areas may feel significantly cramped compared to modern residential standards.
The property is served by elementary and middle schools with low ratings (2 and 3 respectively), which may limit its appeal to long-term primary residents with school-aged children.
5-bedroom Craftsman compound on a double lot with an income-producing attached apartment, city-approved plans for a two-car garage with ADU, and a 45-foot redwood deck with direct views of Chair 10 at Snow Summit. Short term rental - eligible and purpose-built for it: 5 private bedrooms with no shared walls including attached efficiency with separate entrance.The main house is built entirely of old-growth redwood. Each bedroom sits on a separate level with no shared walls. The centerpiece is a hand-crafted knotty pine great room with exposed beam ceilings, a fireplace, and wraparound forest views. The attached effieciency has its own entrance, kitchen nook, gas wall heater, and bathroom, allowing independent use or separate rental.Outside, a newly sanded and stained 45-foot covered redwood front deck faces the ski runs. A new composite back deck with Adirondack seating is enclosed by a fully fenced, level yard among old-growth pines. The vintage single-car garage with loft sits at street level.Recent upgrades include new Shaw carpeting, new interior and exterior paint, a remodeled bathroom with marble vanity and glass-enclosed shower, new Electrolux washer/dryer (5-year transferable warranty), and new stainless appliances. Gas heating stays on during power outages protecting the plumbing.Watch the New Year's torch parade and Fourth of July fireworks from the front deck. Walking distance to shuttle parking, Snow Summit, Bear Mountain, Rathbun Creek Trail, the golf course, and village restaurants. Double lot creates significant expansion potential.
No exterior & parking available.
Grades K-6 • 2.2 mi
Grades K-6 • 2.3 mi
Grades 7-8 • 1.9 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 5.0 | 3.0 |
| Baths | 3.0 | 2.0 |
| Square foot | 1,508 | 1,300 |
| Lot Size | 10,201 | 7,350 |
| Price | $525.0K | $600.7K |
| Price per sq ft | $348 | $413 |
| Built year | 1952 | 1968 |
| HOA | $0 | $1.2K |
| Days on market | 36 | 85 |
Jun 16, 2026
$525,000
Initial Listing
Aug 26, 2014
$269,500
Public Record
May 23, 2001
$140,000
Public Record