545 Highland, Big Bear Lake, California 92315, Big Bear Lake, 92315 - 2 bed, 1 bath
545 Highland
Big Bear Lake, California 92315
Property Price
SUMMARY
Analysis of 545 Highland, Big Bear Lake, California 92315 reveals a Prime Investment Opportunity with a current list price of $345,000—significantly undercutting the $360,000 Fair Market Value by 4%. This valuation gap indicates a +$15,000 Instant Equity potential for buyers. The property maintains a Excellent Condition Rating (95/100), indicating excellent structural integrity and modern finishes throughout. This turnkey property requires minimal updates and is ready for immediate occupancy. 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 |
|---|---|---|---|---|---|---|
★ 545 Highland Subject | $345,000* List Price | 2 | 1 | 789 | $456 | - |
A 40067 Highland Sold | $420,000 | 2 | 1 | 838 | $501 | 0.3 mi |
B 546 Wanita Lane Sold | $315,000 | 2 | 2 | 971 | $324 | 0.3 mi |
C 838 Iris Sold | $430,000 | 2 | 1 | 980 | $439 | 0.5 mi |
D 40110 Highland Road Sold | $405,000 | 2 | 1 | 780 | $519 | 0.3 mi |
E 40172 Highland Rd. Active | $420,000 List Price | 2 | 1 | 792 | $530 | 0.3 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
OVERALL CONDITION SCORE
Property is new construction or fully renovated.
Although built in 1961, the property has undergone an extensive recent renovation and is presented in turnkey condition. It features a modern kitchen with stainless steel appliances, a fully remodeled bathroom, and updated flooring and recessed lighting throughout. Significant capital improvements include a newer electrical panel, tankless water heater, furnace with NEST thermostat, and dual-pane windows, meeting high quality standards with no deferred maintenance.
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 = 8320, living area = 789.
- Development Potential
The oversized 8,320 sq ft lot features rare R3 zoning, offering significant upside for expansion, adding a second unit, or building upward to capture potential views.
- Turnkey Condition
This cabin is fully remodeled and sold furnished, featuring modern upgrades like a tankless water heater, newer furnace, and updated electrical, making it immediately ready for use or rental.
CONSRISKS & DEFICIENCIES
- MLS Listing Discrepancy
Living area discrepancy between mls listing and other public or private record. mls listing living area = 789, other record living area = 667.
- Compact Living Area
With only 789 square feet and a single bathroom, the interior space may feel restrictive for larger families or groups seeking more privacy and comfort.
- Limited Parking
The property provides only two off-street parking spaces, which could be a constraint for guests or if the owner chooses to utilize the R3 zoning to increase occupancy.
About 545 Highland
Turnkey, thoughtfully remodeled Big Bear cabin with authentic mountain charm on an over 8,000 sq ft R3-zoned lot in an unbeatable location, offered fully furnished. Steps from Boulder Bay and Holloway’s Marina, and minutes from the Village. Features include an upgraded electrical system with a newer panel, a newer tankless water heater, a newer furnace with NEST thermostat, dual-pane windows, stainless steel appliances, a remodeled bathroom, ceramic tile flooring, recessed lighting, steel security screen doors at the front and rear, and the home comes fully furnished, making it truly move-in or rental ready. Additional improvements include a rear retaining wall with French drains for proper water management. Outdoor living centers around the covered front porch, an ideal spot to enjoy morning coffee or unwind after a day at the lake or slopes. The large backyard offers excellent potential for future expansion or easy added amenities such as a concrete pad, cabana, jacuzzi, BBQ area, or hammock space. The R3 zoning provides rare flexibility to expand the existing cabin, add an additional unit, build upward for potential views, or explore income opportunities. The property also includes two off-street parking spaces and previously operated as a successful winter vacation rental. A rare opportunity to own a well-improved Big Bear cabin that delivers lifestyle appeal today with future upside built in.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1961
- Lot Size
- 8,320 Sq. Ft.
Interior
- Total Bedrooms
- 2
- Total Bathrooms
- 1 (1 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 2.0 | 3.0 | 25% |
| Baths | 1.0 | 2.0 | 20% |
| Square foot | 789 | 1,716 | 8% |
| Lot Size | 8,320 | 8,182 | 51% |
| Price | $345.0K | $647.0K | 8% |
| Price per sq ft | $437 | $393 | 68% |
| Built year | 1961 | 1977 | 22% |
| HOA | $0 | $0 | 50% |
| Days on market | 60 | 215 | 4% |
Pricing History
Listed for Sale
Mar 2, 2026
$345,000
Initial Listing
Price Change
Jan 6, 2026
$360,000
Initial Listing
Sold
Nov 24, 2021
$415,000
Public Record
Sold
Aug 28, 2020
$252,000
Public Record