We're not even halfway through the year and we are already approaching our total number of Big Bear lakefront home sales from all of 2011!
The latest sale, 811 Peninsula, a 3500 square foot, true log Big Bear lakefront cabin, listed at 1.5M and sold at 1.4M, selling at $400 per square foot. Built in 2005, the property is 4 bedroom, 3.5 bath, and its features include a 4 car garage, formal dining, upgraded appointments such as stainless steel appliances and granite counters, lakeviews on both sides, spa, gazebo, sitting room overlooking the lake, and vaulted, wood-beamed ceilings.
This home sits perched amongst the rocks overlooking Boulder Bay and has the classic mountain feel that many vacation home buyers are looking for in a Big Bear home. Although the property is uniquely located on a peninsula, it is accessed by an unmaintained road and is in close proximity to the main highway entering Big Bear. Although this may be seen as a drawback, it is easy to overlook as the property itself is of superior custom design and construction quality.
This home spent 156 days on market before selling - 72 days before going pending then 84 days in escrow before closing.
Currently, there are only 26 Big Bear lakefront homes for sale. This is very low inventory heading into the summer months. With the current rate of lakefront homes sales being so brisk, it will be interesting to see whether the number of sales will continue to exceed the rate of new listings throughout the summer.