42795 Cougar Road, Big Bear Lake, California 92315, Big Bear Lake, - bed, bath

home-pic
ACTIVE$475,000
42795 Cougar Road, Big Bear Lake, California 92315
4Beds
3Baths
1,508Sqft
10,201Lot
Year Built
1952
Close
-
List price
$475K
Original List price
$490K
Price/Sqft
-
HOA
-
Days on market
-
Sold On
-
MLS number
PV25175031
Home ConditionPoor
Features
Good View: Mountain(s)
Deck
ViewMountain(s)

About this home

This 5 bedroom, 2 1/2 bath Victorian Craftsman home has 1508 square feet on a double lot overlooking both Snow Summit and Bear Mountain. The tram to the slopes is within walking distance, and the resort is a quarter mile away. The golf course, bike trails, walking path by a stream and the zoo are all part of the immediate neighborhood. Grocery stores are nearby. There is room to build an apartment with a 2-car garage with a sweeping view of the slopes. The house is known as The Magic Castle in Enchanted Evergreen Forest with Airbnb. This house was hand built with redwood and was the original property in lower Moonridge known as the Moonridge Mountain Estates, and it owned many more lots at that time. The house is completely private surrounded with trees, and each bedroom does not share a wall or floor with another bedroom. An attached apartment with its own entrance has an 11 x 16 loft space above for more storage. The home needs some upgrading and improvements but they are cosmetic only. With a little TLC this could be your resort dream home or as a short or long term rental and investment. Enjoy views of Snow Summit from the large Trex deck, fireworks from the front porch, and the Torchlight Parade on New Year’s Eve from upstairs. With its prime location, historical charm, and expansion potential, this is one of the most versatile fixer opportunities in Big Bear.

Nearby schools

4/10
Baldwin Lane Elementary School
Public,K-62.2mi
2/10
Big Bear Elementary School
Public,K-62.3mi
3/10
Big Bear Middle School
Public,7-81.9mi
6/10
Big Bear High School
Public,9-122.5mi

Price History

Date
Event
Price
09/19/25
Price Change
$475,000-3.1%
08/04/25
$490,000
Neighborhood Comparison

 SubjectAverage HomeNeighbourhood Ranking (1 Listings)
Beds44.5
50%
Baths33
50%
Square foot1,5081,660
50%
Lot Size10,20110,351
50%
Price$475K$488K
50%
Price per square foot$315$295.5
50%
Built year19529700976
100%
HOA
Days on market93130
50%
Condition Rating
Poor

Built in 1952, this property is significantly aged. While the exterior appears maintained, the visible interior (red shag carpet, brass ceiling fan, wood paneling) is extremely dated, suggesting no major renovations in several decades. Crucially, there are no images of the kitchen or bathrooms, which strongly implies they are in very poor and outdated condition, requiring substantial rehabilitation. The listing's description of 'cosmetic only' improvements is likely an understatement for a home of this vintage, as core systems and aesthetics would require significant investment beyond superficial changes to meet modern standards, aligning with a 'fixer opportunity' rather than minor updates.
Pros & Cons

Pros

Prime Location & Mountain Views: The property boasts an exceptional location overlooking Snow Summit and Bear Mountain, within walking distance to the slopes, resort, golf course, and other recreational amenities. It offers captivating views of Snow Summit, fireworks, and the New Year's Eve Torchlight Parade.
Significant Expansion & Income Potential: Situated on a double lot, there is ample room to build an additional apartment with a 2-car garage. The property also features an existing attached apartment with its own entrance and an established Airbnb history, offering strong income-generating possibilities.
Historical Charm & Unique Construction: Known as 'The Magic Castle,' this Victorian Craftsman home was hand-built with redwood and holds historical significance as an original property in lower Moonridge, adding unique character and appeal.
Privacy & Thoughtful Layout: Completely private and surrounded by trees, the home offers a secluded retreat. Its unique design ensures that each of the five bedrooms does not share a wall or floor with another, enhancing privacy and sound separation.
Versatile Investment Opportunity: Described as a 'versatile fixer opportunity,' this property is ideal for a dream home, short-term rental, or long-term investment, offering significant potential for value appreciation with targeted improvements.

Cons

Requires Upgrading & Improvements: The home explicitly needs 'upgrading and improvements.' While described as cosmetic, these updates will require additional investment in time and capital to modernize the property and maximize its potential.
Older Property (Built 1952): Constructed in 1952, the property's age suggests that core systems (plumbing, electrical, HVAC) and overall aesthetics may be dated, potentially necessitating more extensive renovations beyond superficial cosmetic changes.
Small Square Footage for Bedroom Count: With 1508 square feet distributed among 5 bedrooms and 2.5 baths, individual room sizes, particularly bedrooms, are likely to be smaller than contemporary standards, which could impact comfort and perceived spaciousness.

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