Waterview Shore Big Bear lakefrontThe latest lakefront property to sell, 39278 Waterview Drive in Waterview Shores, is a 5 bed, 6.5 bath, 4400 square foot home that listed for $1,395,000 and sold for $1,338,000 after 53 days on market and 55 days in escrow.

Selling at $304 per square foot, this home would appear to have sold at a give-away price. But this "lakefront" sits about 300 feet off the lake and technically qualifies as a lakefront property per our MLS definition due to a 12 foot wide and 175 foot long extension of its lot down to the lakeshore. Although several hundred feet from the lake, the views from this home are nice, but you still are looking over and around the roofs of neighboring properties to see the lake. 

Big Bear Lake from Waterview ShoresNonetheless, this property does have dock rights as well as a dock that comes with the home. Being built in 1988, this home is somewhat dated but in clean condition. There is an 842 square foot unpermitted addition as well adding even more living space to an already roomy property and a spacious 3 car garage.

Currently, with only 16 lakefront homes for sale, the Big Bear lakefront real estate market continues to show signs of improving. With fewer homes to choose from, sellers are more likely to get what they are asking in today's buyer-heavy and seller-thin market. This trend will likely result in the price increases we have been waiting for after a 7 year down market.