542 Cottage Lane
Big Bear, CA, 92315
$799,900
Original list price: $999,000
MLS: 219146295PS
Beds
5
Baths
4
Sq Ft
2,440
Lot
0.23 ac
Year Built
1978
MLS #
219146295PS
Days on Market
112
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
Listing information is provided courtesy of the Greater Antelope Valley Association of Realtors (GAVAR) and California Regional MLS (CRMLS). Information is deemed reliable but not guaranteed accurate by the MLS or by Mike Watson. All data, including square footage, lot size, room count, permits, and school assignment, should be independently verified. Properties shown may be listed by brokerages other than Keller Williams Realty. Listings are subject to prior sale, change, or withdrawal without notice.
Payment estimate
$6,060
/ month (est.)
Principal, interest, taxes, and insurance + PMI. Down payment: $79,990 · Loan: $719,910
Average 30-yr fixed rate 6.66% as of Jul 30, 2026 (Freddie Mac PMMS). Adjust to your quote.
- Principal & Interest
- $4,626
- Property tax (1.25%)
- $833
- Homeowners insurance
- $300
- Mortgage insurance
- $300
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 Jul 30, 2026
- 30-year fixed
- 6.66%
- 15-year fixed
- 6.04%
Source: Freddie Mac Primary Mortgage Market Survey (PMMS). Updated weekly.
About the area · Mike Watson
About the Antelope Valley
The Antelope Valley spans Lancaster, Palmdale, Quartz Hill, Rosamond, Lake Los Angeles, California City, Edwards AFB, and the Plant 42 aerospace corridor. Mike Watson is a lifelong AV resident and the #1 producing individual Realtor in the region by transaction count. Every active listing on this site is paired with a free market analysis tailored to the specific street, honest financing guidance (FHA, VA, USDA, CalHFA, conventional, and assumable loans where the financing supports it), and side-by-side comparisons against the rest of the active inventory in your target ZIP.
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 $27,997 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.
★#1 Producing Individual Realtor — Antelope Valley
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