542 Highland Road, Big Bear Lake, California 92315, Big Bear Lake, 92315 - 1 bed, 1 bath
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Big Bear Lake, California 92315
This High-Utility Development Asset is listed at $355,000, representing a stable entry point into the Big Bear market relative to its $309,821 Fair Market Value. The expansive 7,205 sqft lot anchors the property’s value, offering significant ADU potential and commercial versatility for a restaurant or coffee shop. Boasting a Condition Rating of 3, the residence features a new wooden ceiling, updated electrical panels, and a private deck. Located in the Bear Valley Unified district, this is a prime acquisition for Short-Term Rental Investors or Value-Add Developers seeking land-heavy assets.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 542 Highland Road Subject | $355,000* List Price | 1 | 1 | 440 | $704 | - |
A 40057 Forest Road Active | $319,000 List Price | 1 | 1 | 532 | $600 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
Although originally built in 1946, the property has undergone significant recent renovations that make it move-in ready. The kitchen is modernized with contemporary cabinetry, stainless steel appliances, and updated tile flooring. The interior features a new wooden ceiling with recessed lighting, and the listing notes critical infrastructure upgrades including a new water heater and electrical panels. While the exterior deck shows some minor weathering, the overall condition of the living space and major systems is well-maintained and updated.
The expansive 7,205 sqft lot offers significant potential for an ADU or even commercial conversion into a coffee shop or restaurant, providing excellent investment versatility.
Situated near Big Bear Lake and the Village, this property is ideally located for a vacation home with easy access to local amenities and recreational activities.
Recent improvements including a new wooden ceiling, recessed lighting, new water heater, and updated electrical panels reduce immediate maintenance concerns for buyers.
At only 440 square feet, the interior living area is quite small, which may restrict its appeal to larger families or those seeking a full-time residence.
Originally built in 1946, the property may require ongoing attention to older structural elements or systems not covered by the recent cosmetic and electrical updates.
Home near the Lake & Village. Very nice Courtyard, enclosed fence around the house. Big land for ADU. You can even open a restaurant here, or a coffee shop due to lots of space for parking. New wooden ceiling, recess lightning, new water heater, new electrical panels. Good home for Boat & Jet Ski. Good Vacation Home.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 1.0 | 3.0 | 4% |
| Baths | 1.0 | 2.0 | 24% |
| Square foot | 440 | 1,484 | 1% |
| Lot Size | 7,205 | 8,000 | 37% |
| Price | $355.0K | $589.4K | 9% |
| Price per sq ft | $807 | $398 | 98% |
| Built year | 1946 | 1975 | 9% |
| HOA | $0 | $0 | 50% |
| Days on market | 0 | 213 | 1% |
Apr 11, 2026
$355,000
Initial Listing
Oct 19, 2017
$150,000
Public Record