42975 Falls, Big Bear Lake, California 92315, Big Bear Lake, 92315 - 2 bed, 2 bath
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42975 Falls
Big Bear Lake, California 92315
ACTIVE
CONDITION: FAIR
2Beds
2Baths
805Sq Ft
2,500Lot Size
Property Price
LIST PRICE$425,000
EST. MARKET VALUE
$379,833
11% AboveMARKET VALUE
SUMMARY
This Turnkey Mountain Cabin represents a Strong Value Opportunity, listed at $425,000—positioned above the $379,834 Fair Market Value. While currently priced for its prime location, the property’s Condition Rating of 4 and Turnkey Furnished status minimize immediate capital expenditure. Featuring Panoramic Mountain Views and a private Deck, this cabin is optimized for high-demand short-term rentals near Bear Mountain. With its established rental history and proximity to Bear Valley Unified schools, this is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking a ready-to-enjoy mountain retreat.
Estimated Market Value
$379,833
Based on Realkey algorithm analyzing recent comparable sales in Big Bear Lake.
Comparable Sales Map
Comparables within 1 miles sold in recently
Map unavailable.
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 42975 Falls Subject 2 bd · 2 ba · 805 sqft · $472 | $425,000* List Price | 2 | 2 | 805 | $472 | - |
A 42587 Cedar Sold 2 bd · 2 ba · 816 sqft · $440 · 0.6 mi | $359,000 | 2 | 2 | 816 | $440 | 0.6 mi |
B 42741 La Cerena Avenue Sold 2 bd · 2 ba · 972 sqft · $381 · 0.5 mi | $370,000 | 2 | 2 | 972 | $381 | 0.5 mi |
C 42979 Fern Avenue Active 2 bd · 1 ba · 684 sqft · $534 · 0.0 mi | $365,000 List Price | 2 | 1 | 684 | $534 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Fair
TeardownExcellent
Property is moderate renovation needed.
Built in 1983, this 41-year-old cabin has undergone partial cosmetic renovations including newer flooring, quartz-style countertops, and a modern subway tile backsplash. However, the kitchen cabinets are original 1980s oak, and the overall structure and systems exceed the 20-year threshold for a 'Good' rating without a full-scale professional remodel.
PROSSTRENGTHS & OPPORTUNITIES
- Prime Ski Resort Proximity
Located in the highly coveted Moonridge neighborhood, this property is within walking distance to Bear Mountain Ski Resort, making it an elite location for winter sports enthusiasts and a high-demand short-term rental.
- Turnkey Furnished Condition
The cabin is offered almost completely furnished with recent flooring upgrades, providing a seamless, move-in-ready experience for vacation home buyers or investors looking to start generating rental income immediately.
- Strong Rental Potential
Currently operating as a short-term rental with a desirable 2-bedroom, 2-bathroom configuration, the property is well-positioned to capitalize on Big Bear's year-round tourism and high occupancy rates.
CONSRISKS & DEFICIENCIES
- Compact Living Space
With only 805 square feet of living area, the interior may feel restrictive for larger groups or buyers seeking a more spacious primary residence.
- Limited Lot Size
The 2,500 square foot lot is relatively small for the area, offering limited outdoor privacy and minimal space for yard activities or future property expansion.
About 42975 Falls
**WALK TO THE SLOPES! TURNKEY FURNISHED BIG BEAR CABIN IN MOONRIDGE!** Welcome to 42975 Falls Avenue, a charming 2-bedroom, 2-bath mountain retreat located in the highly desirable Moonridge neighborhood of Big Bear Lake, just a short walk from Bear Mountain Ski Resort! Whether you're looking for a personal mountain getaway, a second home, or a short-term rental opportunity, this property offers the perfect combination of location, character, and convenience. Currently operating as a short-term rental, this cabin is being offered **almost completely furnished**, allowing the next owner to enjoy the mountain lifestyle without the hassle of starting from scratch. Nearly everything you see is included in the sale, with the exception of one blue couch! Recent flooring upgrades give the interior a fresh, updated feel while maintaining the cozy mountain-cabin atmosphere. The home features approximately 805 square feet of living space, two bedrooms, two full bathrooms, and an outdoor deck area where you can relax, enjoy the fresh mountain air, and take in the peaceful surroundings. The distinctive elevated cabin design and colorful mountain-themed mural add personality and charm. Located in the heart of Moonridge, you'll enjoy convenient access to skiing, snowboarding, hiking, golfing, and all the year-round recreation Big Bear has to offer. Spend your winters on the slopes, your summers exploring the mountains, and your evenings relaxing at your very own mountain retreat. **With its walkable location near Bear Mountain, recent improvements, and nearly all furnishings included, this is a fantastic opportunity to own a ready-to-enjoy Big Bear getaway. Don't miss it!**
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1983
- Lot Size
- 2,500 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 • 2.3 mi
4/10
Big Bear Elementary School
Grades K-6 • 2.6 mi
2/10
Big Bear Middle School
Grades 7-8 • 2.3 mi
3/10
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 2.0 | 3.0 |
| Baths | 2.0 | 2.0 |
| Square foot | 805 | 1,542.393 |
| Lot Size | 2,500 | 7,922.562 |
| Price | $425.0K | $617.0K |
| Price per sq ft | $528 | $383 |
| Built year | 1983 | 1981 |
| HOA | $0 | $2.9K |
| Days on market | 8 | 74 |
Pricing History
Listed for Sale
Oct 16, 2026
$425,000
Initial Listing
Sold
Nov 19, 2021
$420,000
Public Record
Sold
Nov 29, 2018
$220,000
Public Record
Sold
Nov 16, 2017
$180,000
Public Record