42944 Monterey, Big Bear Lake, California 92315, Big Bear Lake, 92315 - 2 bed, 2 bath
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Big Bear Lake, California 92315
This Modernized Mountain Retreat is a Strong Value Opportunity, listed at $499,000—positioned well below the $530,803 Fair Market Value by 5%. This valuation gap provides $31,803 in Instant Equity. Boasting a Mint Condition Rating, the home features a Granite Kitchen, Vaulted Ceilings, and serene Forest Views. Located in the premier Moonridge area near the Bear Mountain ski shuttle, it balances high rental demand with turnkey comfort. This is an ideal acquisition for Vacation Rental Investors or Second-Home Seekers looking for a move-in-ready alpine gem.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 42944 Monterey Subject | $499,000* List Price | 2 | 2 | 1,212 | $438 | - |
A 42768 Alta Vista Sold | $399,900 | 2 | 2 | 1,293 | $309 | 0.3 mi |
B 42704 Alta Vista Sold | $430,000 | 2 | 2 | 988 | $435 | 0.3 mi |
C 800 Club View Drive Sold | $500,000 | 3 | 2 | 998 | $501 | 0.3 mi |
D 572 Douglas Street Active | $514,999 List Price | 2 | 2 | 1,271 | $405 | 0.3 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
While built in 1984, the property has undergone a recent comprehensive renovation (likely <5 years) featuring a modern kitchen with granite countertops, stainless steel appliances, and custom cabinets. With new flooring, fresh paint, and vaulted ceilings, the home is in mint, move-in-ready condition.
Situated in the highly desirable Moonridge area, the property offers exceptional proximity to the Bear Mountain ski shuttle, Moonridge Zoo, and local dining, making it a premier choice for mountain enthusiasts.
The home is fully furnished and features significant recent upgrades, including granite countertops, stainless steel appliances, and new flooring, allowing for an immediate move-in or rental start.
Located in a proven short-term rental zone with attractive features like vaulted ceilings and forest views, this property is well-positioned for high occupancy and vacation rental income.
The assigned elementary and middle schools have relatively low ratings (2 and 3 out of 10), which may be a concern for buyers seeking a long-term primary residence for a growing family.
At 1,212 square feet with only two bedrooms, the property may feel restrictive for larger groups or families, potentially limiting its appeal compared to larger mountain estates.
Nestled on a quiet street in the heart of Moonridge, this beautifully updated home offers the perfect blend of comfort, convenience, and mountain charm. Surrounded in a nicely treed neighborhood, you’ll enjoy peace and privacy while being just minutes from all that Big Bear has to offer! Steps from the Bear Mountain ski shuttle, Moonridge Zoo and restaurants making this an ideal base for year-round mountain adventures. Inside, the home shines with recent upgrades including fresh paint, new flooring, granite countertops, stainless steel appliances, and custom cabinets. Vaulted ceilings add warmth and character, while two covered front porches provide inviting spaces to relax and take in the serene forest views. Located in a proven short-term rental area, this property is perfect for full-time living or as a highly desirable vacation rental investment. Fully furnished and ready to go.. don’t miss this move-in ready mountain gem in one of Big Bear’s most sought after neighborhoods!
No exterior & parking available.
Grades K-6 • 2.0 mi
Grades K-6 • 2.5 mi
Grades 7-8 • 2.1 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 2.0 | 3.0 | 31% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 1,212 | 1,446 | 36% |
| Lot Size | 4,680 | 7,700 | 12% |
| Price | $499.0K | $575.0K | 38% |
| Price per sq ft | $412 | $396 | 55% |
| Built year | 1984 | 1977 | 64% |
| HOA | $0 | $0 | 50% |
| Days on market | 40 | 212 | 2% |
Apr 27, 2026
$499,000
Initial Listing
May 1, 2019
$325,000
Public Record
Dec 30, 2013
$220,000
Public Record
Aug 13, 2004
$252,000
Public Record
Apr 11, 1997
$106,000
Public Record