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$1,375,000 Just Listed

  • For Sale
  • Active
  • Single Family
  • 5 Beds
  • 4 Full Baths
  • 3,776 Sq. Ft.
  • 2 Car Garage
  • Updated 8 hours ago
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Perched at the top of prestigious Castle Glen on Pegasus Way, this luxury retreat captures breathtaking ski slope views of both Bear Mountain and Snow Summit. Designed with a reverse floor plan to maximize the scenery, the home features vaulted tongue-and-groove ceilings and expansive upper and lower decks overlooking unbuildable forest with a peek of the lake. Offering 5 bedrooms plus an additional office and 4 full bathrooms, the layout is ideal for hosting and privacy alike. The main level includes 3 bedrooms and 2 baths, while the lower level offers 2 bedrooms, an office, and 2 baths. Two spacious primary suites feature walk-in closets and direct deck access. Each level is complete with its own living room, fireplace, and laundry room. Dual forced-air heaters and dual water heaters provide comfort and efficiency year-round. The kitchen is appointed with granite countertops and stainless-steel appliances. Turn-key and thoughtfully designed, this mountain estate also includes a way oversized two-car garage-perfect for vehicles, toys, and gear.

Full Property Details for 42545 Pegasus Way

General

  • Price: $1,375,000
  • Status: Active
  • Type: Single Family
  • Source: 833
  • MLS ID: 32600331
  • Updated: 2/24/2026
  • Added to Site: 1 day(s) ago

Interior

  • Number of Rooms: 10
  • Interior Features: Breakfast Bar, Bedroom on Main Level, Dining Area, Separate/Formal Dining Room, Skylights, Vaulted Ceiling(s)
  • Fireplace: Yes
  • Number of Fireplaces: 2
  • Fireplace(s): Two, Family/Living/Great Room, Living Room, Stone, Log Lighter
  • Appliances: Dryer, Dishwasher, Gas Oven, Gas Range, Gas Water Heater, Microwave, Refrigerator, Range Hood, Vented Exhaust Fan, Washer
  • Furnishings: Negotiable
  • Flooring: Wood, Hardwood, Partially Carpeted, Tile

Rooms

Bathrooms

  • Total Bathrooms: 4
  • Full Bathrooms: 4

Bedrooms

  • Total Bedrooms: 5

Other Rooms

  • Laundry: Washer Hookup, Dryer Hookup

Additional Information

  • Security/Safety: Security System Owned

Exterior

  • Exterior Features: Barbecue, Concrete Driveway, Deck, Sprinkler/Irrigation, Landscaping
  • Porch/Patio/Deck: Covered, Deck

Parking

  • Garage: Yes
  • Attached garage: Yes
  • Garage Spaces: 2
  • Parking Features: Attached, Garage, Two Car Garage, Parking Space(s), Garage Door Opener

Location

  • Area: Fox Farm
  • County: San Bernardino
  • Cross Streets: Orion Way

Community

  • Community Name: Fox Farm

Heating & Cooling

  • Air Conditioning: Yes
  • Cooling Type: Ceiling Fan(s), Wall/Window Unit(s)
  • Heating Type: Forced Air, Natural Gas

Utilities

  • Sewer: Connected
  • Water: Public
  • Cable Available: Yes
  • Utility Description: Cable Available

Structural Information

  • Architectural Style: Custom
  • Detached/Attached: Detached
  • Construction: Stick Built
  • Roof: Composition
  • Windows: Blinds, Double Pane Windows, Drapes, Skylight(s)
  • Stories/Levels: 2
  • Square Feet: 3,776
  • Year Built: 2002
  • Property Condition: Resale

Lot Features

  • Property View: Lake, Mountain(s), Ski Area, Trees/Woods
  • Lot Size (Sq. Ft.): 15,000
  • Lot Size: 15000
  • Lot Dimensions: 95 x 158 x 100 x 150
  • Topography: Level
  • Lot Features: Borders National Forest, Level, Sprinklers Partial

Water Features

  • Water View: Yes

Disclosures and Reports

  • Property ID: 0311-471-66-0000

Listed by Re/Max Big Bear, Becki Wheeler

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Listing agent

— 42545 Pegasus Way —

  • Becki Wheeler

    Re/Max Big Bear

Get Pre-Approved Today

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Schools serving 42545 Pegasus Way

School District:Bear Valley Unified School District
NameGradesDistance
North Shore Elementary School
765 N. Stanfield Cutoff, Big Bear Lake, CA 92315
K-50.8 mi
Big Bear Middle School
41275 Big Bear Boulevard, Big Bear Lake, CA 92315
6-81.7 mi
Big Bear High School
351 Maple Ln., Big Bear, CA 92314
9-122.7 mi
Disclaimer: School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 42545 Pegasus Way Get Price Alerts and Save Property

Date
Details
Price
Change
Source
2/24/2026
Listed
$1,375,000
61.76%
MLS
9/09/2014
Sold
$850,000
—
Public Record
Get Price Alerts and Save Property
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Tax History for 42545 Pegasus Way

Year
Property Taxes
Change
Tax Assessment
Change
2025
$12,128
3%
$1,021,573
2%
2024
$11,732
2%
$1,001,542
2%
2023
$11,494
3%
$981,904
2%
2022
$11,156
2%
$962,651
2%
2021
$10,934
-2%
$943,776
1%
2020
$11,136
3%
$934,099
2%
2019
$10,851
3%
$915,783
2%
2018
$10,490
2%
$897,827
2%
2017
$10,248
2%
$880,222
2%
2016
$10,028
1%
$862,963
2%
2015
$9,950
-7%
$850,000
-7%
2014
$10,677
—
$918,543
—
2013
$10,670
—
$914,392
—
View All
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Estimate the Cost for 42545 Pegasus Way

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*These costs are estimates, and the interest rates assume exceptional credit standing.

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

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Listed by Re/Max Big Bear, Becki Wheeler

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42545 Pegasus Way, Big Bear Lake, CA 92315 (MLS# 32600331) is a Single Family property with 5 bedrooms and 4 full bathrooms. 42545 Pegasus Way is currently listed for $1,375,000 and was received on February 24, 2026. Want to learn more about 42545 Pegasus Way? Do you have questions about finding other Single Family real estate for sale in Big Bear Lake? You can browse all Big Bear Lake real estate or contact a Coldwell Banker agent to request more information.

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