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Thelma's Family Restaurant & Bakery is a rare opportunity to own a true Big Bear institution with decades of local recognition, loyal repeat clientele, and prime visibility on one of the busiest roads in town. This well-known restaurant and bakery has built a strong reputation for its home-style comfort food, homemade baked goods, and welcoming mountain atmosphere that keeps both locals and tourists coming back year after year. The property features a fully equipped commercial kitchen, multiple spacious dining areas, a cozy bar area, two inviting fireplaces, and extensive outdoor seating that perfectly captures the Big Bear mountain lifestyle. The large patio creates an ideal setting for year-round dining and high-volume seasonal traffic. Positioned directly on the main boulevard with exceptional frontage and constant exposure, the location benefits from heavy tourist and commuter traffic throughout all seasons. Known for hearty portions, homemade pies, famous cinnamon rolls, and longtime customer favorites like the “Hobo” breakfast special and chicken pot pies, the restaurant has become a staple dining destination in the valley. The business enjoys strong community recognition, established operational history, and a reputation for generating solid revenue with consistent customer demand. The warm mountain-style interior, family-friendly atmosphere, and flexible indoor/outdoor dining spaces make this a standout hospitality property with tremendous potential for continued growth, events, catering, expanded bar service, or enhanced entertainment concepts. A turnkey opportunity to own one of Big Bear’s most recognizable and beloved restaurant destinations.
Listing agent: Sara Griffin DRE #01770296 saraspassion4sales@gmail.com, Listing office: THE ASSOCIATES REALTY GROUP
MLS data updated 10/23/2026, 1:01:13 AM PT
Source: CRMLS, MLS #: CV26107237
Belmont insights
Compare recorded home prices, same-type ZIP sales and mortgage rates.
May 15, 2026
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This home · nearest recorded event
$700,000Original asking price · May 15, 2026ZIP 92314 · May 2026
No monthly averageAt least 3 eligible sales in this month are required.30-year fixed mortgage benchmark
No weekly rateNo published rate within 7 days of this date.No recorded sales in this range. Select All available for older records; missing records do not mean the home never sold.
ZIP averages use publicly displayable closed sales from our licensed MLS feed, matched to the same ZIP and exact property type. Months with fewer than 3 sales are omitted; the current month is incomplete. Lines connect available monthly observations across gaps and do not represent measured prices in missing months. These averages are not adjusted for size, condition, or location within the ZIP, and are not an appraisal. Feed coverage may not include every sale. All available shows the available home and ZIP history, with mortgage rates over the same dates.
Mortgage benchmark: Freddie Mac Primary Mortgage Market Survey®. © Freddie Mac. Weekly national 30-year fixed rates, not APRs or a loan quote. Actual terms vary. Methodology changed in November 2022. The chart does not establish that interest-rate changes caused a home’s price changes.
Lines connect recorded asking and sale prices. They are visual guides, not estimates of the home’s value between those dates.
No earlier records were returned by our current sources. This does not mean the home has never sold.
MLS records may be incomplete. Earlier asking prices are not sale prices.