Place potatoes, bell pepper, and onion in to microwave safe bowl along with 2 tablespoons of water. Cover the bowl with a large dinner plate and place into the microwave for 5 to 7 minutes, or until the potatoes are mostly softened.
When the oil is shimmering, transfer potatoes to the pan. Cook potatoes for 5 to 8 minutes, or until they are golden brown and tender. Season with salt, pepper, and Old Bay or your favorite seasonings, to taste.