542 Cottage Lane
Big Bear, CA, 92315
$899,000
MLS: 219146295PS
Beds
5
Baths
4
Sq Ft
2,440
Lot
0.23 ac
Year Built
1978
MLS #
219146295PS
Days on Market
7
Listed
Apr 13, 2026
Description
Located in the heart of The Village! This unique multi-unit residential property with commercial-zoned office/studio delivers a wide variety of rental, income, and work-at-home business opportunities. Perfect for vacation or full-time living, the main house offers three bedrooms and two baths, with composite deck overlooking spacious 10,200 sq/ft. fenced lot. AND, there are two additional studio units in front: Lower unit has been zoned for commercial use, and upstairs en-suite studio is set up for residential. Oversized garage, wired for EV, and additional storage shed provide plenty room for all your toys. Lot size and zoning allow for additional development/units. Flexibility of use and income potential make this a truly unique offering in an amazing location.
Location
Big Bear, San Bernardino County, CA 92315
Open on Google Maps ↗Listed by: Michael Sannes · RE/MAX Big Bear
Payment estimate
$6,545
/ month (est.)
Principal, interest, taxes, and insurance + PMI. Down payment: $89,900 · Loan: $809,100
- Principal & Interest
- $4,971
- Property tax (1.25%)
- $936
- Homeowners insurance
- $300
- Mortgage insurance
- $337
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 home with as little as 3.5% down using an FHA loan — roughly $31,465 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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