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42788 Monterey, Big Bear Lake, CA 92315

$400K2bd · 2ba · 816 sqft
Lot 4,806 sqft•Single Family Residence•
Active
•243d on market•MLS# IG-26047507

Property Description

ASSUMABLE LOAN OPPORTUNITY AT 2.625% INTEREST RATE FOR QUALIFIED BUYERS, SUBJECT TO LENDER APPROVAL! Prime Moonridge location with a south-facing orientation and easy access to the paved pathway, Bear Mountain Ski Resort, the golf course, Alpine Zoo, scenic forest hiking and biking trails, plus local favorites like Moonridge Coffee and Dank Donuts. This stylish mountain home delivers both lifestyle and convenience. The reverse floor plan places the main living space upstairs, where vaulted wood-beamed ceilings and expansive windows bring in natural light and capture mountain and treetop views. A striking rock fireplace anchors the living room, while the kitchen and dining area flow comfortably for everyday living or hosting guests. A balcony just off the living and dining space extends entertaining outdoors and benefits from consistent sunshine throughout the day, along with easier winter snow melt thanks to the south-facing orientation. A bathroom is also conveniently located on this upper level. Downstairs, both bedrooms, a second bathroom, and laundry are positioned off the entry level, offering privacy and functionality. A dedicated mudroom with direct backyard access adds everyday practicality, and additional access from upstairs enhances indoor and outdoor flow. Multiple decks, a private hot tub with expansive sky views, and a flat, usable backyard create inviting outdoor space ideal for yard games, entertaining, or relaxing among the pines. Enjoy elevated, treehouse-like views while still benefiting from convenient access and parking. Whether you are searching for a vacation home, short-term rental investment opportunity, or full-time mountain residence, this property offers flexibility in one of Big Bear’s most established neighborhoods. Approximately 2.5 hours from Los Angeles, Orange County, and San Diego, weekend mountain escapes are simple and within easy reach.

Features & Amenities

FeeBuilt 1975

Property Details

Land Type
Fee
Year Built
1975
Property Type
Residential
Property Subtype
Single Family Residence
Parking Spaces
0
Garage Spaces
0
Heating
Central
Cooling
None
View
Mountain(s), Trees/Woods
Roof
Composition
City
Big Bear Lake
Zip Code
92315
County
San Bernardino
Listed byEXP REALTY OF CALIFORNIA INC., Jonathan Vasquez

Mortgage Calculator

Current Rates

$
$
%
Monthly Payment
$2,022.61
Principal & Interest
Loan Amount
$319,999
Total Interest
$408,141
Total Payment Over 30 Years
$728,140
This calculator provides estimates only. Actual mortgage payments may include taxes, insurance, HOA fees, and PMI. Contact a lender for accurate quotes.

Comparative Market Analysis

Affordable Tier · 5 active · 5 closed

42788 Monterey, Big Bear Lake, CA 92315

Big Bear Lake · Single Family Residence

$400K
Affordable Tier
Beds
2
Baths
2
Sqft
816
Lot
4,806 sqft
Year
1975
$/Sqft
$490
Pool: No✓
Spa: Yes✓
View: mountain✓

Listed 8.1% above the median closed sale of $370,000.

Price Position

Positioned above the market — commands a premium.

Premium
Subject listed at $400K· $490/sqft
Total list price
Closed comps
vs closed median $370K
+$30K (+8.1%)
Active comps
vs active median $408K
−$8K (−2.0%)
Price per sqft
Closed compsinsufficient comp data
Active comps
vs active avg $/sqft $490
+$0 (+0.1%)

Active Properties (5)

Active Comparables

AddressCityYearBDBTHSqFtLotSzLP/SqFtLPDIMScore
42806 CougarBig Bear Lake1975229523,164$399$379,90021291
42798 CougarBig Bear Lake1981218403,840$464$389,9008790
42871 MontereyBig Bear Lake1960228508,052$528$449,00010390
43050 Sunset DriveBig Bear Lake1965218082,465$526$424,9007886
42683 Falcon AvenueBig Bear Lake1976217682,500$531$408,00027585
Total: 5 · Average2.01.4843.64,004.2$489.6$410,340151
Median840$408,000

Closed Properties (5)

Closed Comparables

AddressCityYearDateBDBTHSqFtLotSzLPSPSP/SqFtSP/LPDIMScore
42587 CedarBig Bear Lake198510/09/2026228162,500$349,000$359,000$4401.034289
42639 Cedar AvenueBig Bear Lake197905/15/2026227985,000$449,900$425,000$5330.9424588
42741 La Cerena AvenueBig Bear Lake198010/13/2026229722,500$375,000$370,000$3810.997485
42532 Willow AvenueBig Bear Lake196209/01/2026218325,000$375,000$350,000$4210.9314184
42855 Willow AvenueBig Bear196310/13/2026216245,000$434,900$410,000$6570.948083
Total: 5 · Average2.01.6808.44,000$382,800$382,800$486.4—116.4
Median816$370,000$370,000

Market Analysis

List vs Sale $/SqFt

Sale Price Trend

Days on Market

Sale vs List Price

AI-generated CMA

This analysis was generated automatically from MLS data. For an in-depth, human-reviewed valuation, contact Joseph Sardella at josephsardella@gmail.com.