42364 Heavenly Valley Road
Big Bear Lake, CA, 92315
$1,499,000
MLS: 26001778
Beds
4
Baths
4
Sq Ft
3,658
Lot
0.35 ac
Year Built
2007
MLS #
26001778
Days on Market
58
Listed
Mar 2, 2026
Description
Stunning views from this one-of-a-kind log style home located in one of Big Bear Lake's most coveted areas. This home offers a prime position between both major ski resorts -- Nestled in upscale Heavenly Valley Estates, the home sits just ~4-minute drive (or an easy 15-18 minute stroll) to Snow Summit and ~5-minute drive to Bear Mountain. Few Big Bear locations offer this effortless access to both resorts in one stay. Quiet, private, forested luxury setting in an exclusive neighborhood -- Heavenly Valley Estates features custom homes on large lots (this one: 0.35 acres) with sylvan privacy, mature trees, and underground utilities (no overhead power poles spoiling views or photos). It delivers a peaceful upscale escape with photogenic, high-end curb appeal featuring a log-home style, expansive redwood deck with hot tub, and pristine mountain-forest backdrop. The open floorplan is perfect for entertaining and hosting, featuring a spacious living room with a fireplace that connects to the dining area, kitchen and bar. The entertainer's kitchen features a large center island with ample seating and extensive counter space. There are 4 bedroom and 3.5 bathrooms. Three of the bedrooms are luxurious suites, each with its own bathroom and closet. An additional bunk room is located above the garage. Outside you will find an expansive red wood deck where you can relax in the hot tub or entertain guests while enjoying the fresh mountain air. There is an attached 3 car garage with tall ceilings & ample parking. This property is a highly sought after vacation rental with strong revenue history -- The area (and this exact home when previously rented) supports large groups (sleeps 16 comfortably), 5-star reviews, and $90K+ annual gross in a high-demand pocket. Central-yet-quiet positioning drives better year-round occupancy than slope-distant or overly touristy zones, with easier management due to short drives for cleaners/owners. Guest-friendly logistics & parking -- 3-car garage plus driveway space for multiple vehicles, plus proximity to free Big Bear trolleys/shuttles to resorts and town. Guests rave about hassle-free arrivals/departures--unlike congested Village or lakefront areas with tight parking and traffic during peak seasons. This location combines the best of both worlds--world-class winter ski access + effortless summer lake/Village fun--in a serene, upscale pocket that supports premium pricing and high occupancy with lower "guest friction" than busier or more remote Big Bear spots. It's a turnkey performer for anyone targeting Southern California's ski-and-lake vacation market. This home is a MUST see!
Location
Big Bear Lake, San Bernardino County, CA 92315
Open on Google Maps ↗Listed by: Michael Watson · Keller Williams Realty A.V.
Payment estimate
$10,713
/ month (est.)
Principal, interest, taxes, and insurance + PMI. Down payment: $149,900 · Loan: $1,349,100
- Principal & Interest
- $8,289
- Property tax (1.25%)
- $1,561
- Homeowners insurance
- $300
- Mortgage insurance
- $562
Login required. The full tool supports FHA / VA / USDA, PMI by credit tier, lender fees, and total cash to close — with your inputs here carried over.
Today's Rates
As of Apr 23, 2026
- 30-year fixed
- 6.23%
- 15-year fixed
- 5.58%
Source: Freddie Mac Primary Mortgage Market Survey (PMMS). Updated weekly.
Financing Options
FHA Financing — 3.5% Down＋
First-time and repeat buyers can purchase this Big Bear Lake home with as little as 3.5% down using an FHA loan — roughly $52,465 down. FHA loans feature flexible credit guidelines and government-backed rates, making homeownership accessible for buyers who haven't saved a large down payment. Seller concessions up to 6% of the purchase price are also allowed.
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Local Market Stats
See Big Bear, CA 92315 market trends →
Median sold price, days on market, active inventory, price brackets, and 12-month trends — pulled live from the MLS.
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