Following last year's record 6 sales over the $2 million price point, we just saw our first luxury lakefront home closing on Big Bear Lake this year.
This newly built 4 bed, 5.5 bath, 4856 square foot lakefront home located at 370 Gibraltar Road listed at $2,400,000 and sold for $2,200,000 via a conventional loan after 291 days on market at $453 per square foot. (This home was listed before its construction was complete.)
With an acrylic stucco exterior and distressed wood beamed and stone accents, this lakefront property has the sophisticated mountain look that most lakefront home buyers find attractive. The interior has all the high-end finishes one would expect in a $2 million new construction; distressed hardwood flooring, custom carved fireplace mantels, custom ironwork, upgraded fixtures, stainless Wolf and Sub-Zero appliances, a media room, game room and wine cellar.
Although the lot is on the smaller side at 6830 square feet, the back yard is well finished with a spacious paver stone patio, an outdoor fire pit, and imported sand for the beach area. Located on a quiet cove, this home is wind protected with nice views, but is absent the panoramic presence that is common to many lakefronts in this price range.
With summer approaching, we are likely to see interest in Big Bear lakefront real estate increase. In spite of lower lake levels, waterfront home sales have continued to stay strong through the first few months of 2015. It stands to reason that as we reach our peak months of summer, one would expect to not only see more lakefront sales, but several more sales in the $2 million plus range.