501 Catalina Road, Big Bear Lake, California 92315, Big Bear Lake, 92315 - 4 bed, 2 bath
501 Catalina Road
Big Bear Lake, California 92315
Property Price
SUMMARY
Analysis of 501 Catalina Road, Big Bear Lake, California 92315 reveals a property with a current list price of $625,000, which is 15% above the estimated $539,263 Fair Market Value. Buyers should carefully evaluate the pricing and consider negotiation opportunities. The property maintains a Fair Condition Rating (50/100), suggesting the property is in acceptable condition with potential for value enhancement through selective updates and improvements. 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 |
|---|---|---|---|---|---|---|
★ 501 Catalina Road Subject | $625,000* List Price | 4 | 2 | 1,274 | $423 | - |
A 565 Golden West Sold | $575,000 | 4 | 2 | 1,432 | $402 | 0.7 mi |
B 783 Thrush Drive Sold | $660,000 | 3 | 1 | 1,252 | $527 | 0.9 mi |
C 320 Dove Court Sold | $630,000 | 3 | 2 | 1,446 | $436 | 0.9 mi |
D 128 Crater Lake Road Sold | $540,100 | 3 | 2 | 1,360 | $397 | 0.5 mi |
E 592 Douglas Street Active | $518,000 List Price | 2 | 1 | 1,088 | $476 | 0.4 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
OVERALL CONDITION SCORE
Property is moderate renovation needed.
Built in 1976, this property is well-maintained and currently operates as a successful Airbnb, indicating it is functional and move-in ready. However, the interior finishes, particularly in the kitchen and bathrooms, appear dated with older cabinetry and appliances that reflect the home's age rather than modern renovation standards. While the systems like central heating and A/C are present, the overall aesthetic and component age align with the 'fair' category, requiring minor updates to meet contemporary styles.
PROSSTRENGTHS & OPPORTUNITIES
- High Available Lot Utilization
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 9792, living area = 1274.
- Exceptional Storage & Parking
The property features a rare combination of an attached garage and a detached 4-car garage with a loft, situated on an oversized lot with ample space for RVs, boats, and multiple vehicles.
- Proven Income Potential
Located in the desirable Fox Farm neighborhood near ski resorts, this home is currently a successful Airbnb, offering immediate turnkey value for investors or vacation home buyers.
CONSRISKS & DEFICIENCIES
- Aging Infrastructure
Built in 1976, the property may require ongoing maintenance or modernization of older systems and finishes to meet contemporary luxury standards.
- Low Local School Ratings
The assigned elementary and middle schools have low performance ratings (2 and 3 respectively), which may limit the property's appeal to families seeking a primary residence.
About 501 Catalina Road
Charming mountain retreat located in the desirable Fox Farm neighborhood of Big Bear. This spacious 3-bedroom, 2-bath home offers a versatile layout and is currently operating as a successful Airbnb, making it ideal as a full-time residence, vacation home, or investment property. The inviting living area features vaulted ceilings and a wood-burning fireplace, creating a warm mountain ambiance. The kitchen offers ample storage and opens to the dining area, providing a comfortable space for everyday living or entertaining. A unique private loft, accessible via an interior drop-down ladder or exterior staircase, provides flexible bonus space for guests, recreation, or additional sleeping area. The property also includes an expansive covered deck above the garage, perfect for outdoor enjoyment and entertaining. Additional features include a spacious garage with potential for a game room or workshop, plus a detached 4-car garage with its own loft for added storage or flexibility. Situated on an oversized lot with ample parking for RVs, boats, ADU, and multiple vehicles. Conveniently located near Bear Mountain and Snow Summit, as well as shopping, dining, and year-round outdoor activities. Easy winter access and central heating and A/C for all-season comfort. Mature trees provide added privacy and natural beauty. A rare opportunity to own a versatile Big Bear property with both lifestyle and income potential.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1976
- Lot Size
- 9,792 Sq. Ft.
Interior
- Total Bedrooms
- 4
- 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
Big Bear Elementary School
Grades K-6 • 1.8 mi
Big Bear Middle School
Grades 7-8 • 1.4 mi
Big Bear High School
Grades 9-12 • 3.0 mi
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 4.0 | 3.0 | 65% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 1,274 | 1,716 | 32% |
| Lot Size | 9,792 | 8,182 | 60% |
| Price | $625.0K | $647.0K | 47% |
| Price per sq ft | $491 | $393 | 79% |
| Built year | 1976 | 1977 | 49% |
| HOA | $0 | $0 | 50% |
| Days on market | 176 | 215 | 35% |
Pricing History
Listed for Sale
Feb 28, 2026
$625,000
$650,000
-4% Price Drop
Initial Listing
Price Change
Sep 12, 2025
$650,000
Initial Listing