A rare waterfront opportunity, an older 4429 square foot estate built in 1906 on a 1.7 acre parcel of prime lakefront property, finally sold for $2.3M after 273 days on market. This estate located at 38948 Waterview Drive in Bear Lake West offered one of the best settings on the lake you could imagine; 1.7 acres of land, 171 feet of lake frontage, a sprawling grass lawn extending to the lake shores, a water well for servicing said sprawling lawns, all in a premier deep water location complete with a boat house.
Although the parcel itself has many amazing attributes, the actual house itself is understandably dated as it was built at the turn of the previous century. Remodeling and making significant changes to the property might prove to be difficult as the floor plan and aging structure elements may make working off the existing structure challenging. Many prospective Big Bear lakefront home buyers to whom I showed this listing had considered the option of building an entirely new home on the property.
With two Big Bear lakefront properties sales over $2M closing before our busy summer season has even arrived, I would expect to see a repeat of last year where we saw increased interest in the higher priced lakefront market. With the economy showing unexpectedly strong improvement over the past few years but with the stock market beginning to show signs of leveling, I have heard from more than one client that shifting their investments towards real estate is of serious consideration to them. After all, although stocks and bonds might be fun to own, they can't really compete with an investment from which you can enjoy lakefront living!