Bear Valley is a ski area in the western United States, located in the Sierra Nevada of California on Highway 4 between Lake Tahoe and Yosemite—about three hours southeast of Sacramento and one hour from Angels Camp. The alpine ski area and a portion of the real estate in the village of Bear Valley was owned by an investment partnership led by a Canadian company, Dundee Realty, from 2005 to 2014, when Skyline International acquired Bear Valley.