The 4 bed, 2.75 bath, 2752 square foot Big Bear lakefront home located at 38923 North Bay Drive recently became the 31st lakefront sale of the year. Situated on 3/4 acre of land and in a premier deep water, wind protected location, this property was the former home of famous Hollywood director Cecil B. DeMille.The house itself on this property was somewhat dated. But the landscaped, sizable lot and the lakeside boat house were two valuable attributed of this property.
This estate listed at 1.3M, sold for $1,260,000 after just 10 days on the market and was purchased with a conventional loan. At $457 per square foot, this lakefront sold well over the $377 per square foot average for waterfront homes this year.
Once again, the upward trend of the Big Bear Lakefront Real Estate market remains strong. The next sale on the lake will mark a doubling of last years number of sales. With 5 lakefronts in escrow and only 23 homes for sale on Big Bear Lake currently, the market recovery remains solid with buyer interest staying high while home inventory remains historically low.