Posted by: mikewochner | May 2, 2013

Big Bear Marina has a new owner

 

Big Bear Marina

I’ve always loved reading Alan Sharp’s Fishing Blog.  It’s good information for all levels of fisherman.  There was a rumor that Big Bear Marina had sold …..and now it’s official  :)  Congratulations to the Fengler’s.

Article written by JUDI BOWERS of Big Bear Grizzly

Steve Fengler has lived in Big Bear for more than 30 years, He’s a fixture at Bear Mountain, and horse people may know him as their farrier. He’s adding another hat. Steve and his wife of eight years, Shelly, are the new owners of Big Bear Marina.
The couple were having dinner at Thelma’s Restaurant in Big Bear City and picked up a real estate magazine. Why not look at lakefront property, Steve says he told his wife. Instead of a new house, they saw the marina for sale and realized it could be just what they were looking for.

With a lot of research and plenty of prayer, they made an offer, which was accepted. The Fenglers took over Jan. 15 and the marina opened for the season March 29. Steve, having worked in the resort arena for many years, is aware of the peaks and valleys of owning and operating a business in Big Bear. He and Shelley are adamant about quality customer service and have a great deal to bring to the table. Shelly is a flight attendant with Jet Blue, so customer service is second nature to her. Customer service is their No. 1 goal at Big Bear Marina, they say.

When they took over, there was no delay in getting down to business. There was plenty of administrative duties to sort through before boats and docks were in the water. Shelly says when the first check for a slip rental arrived, she knew they were the owners. She had a photo taken of her holding that first check, she says.

In honor of the loyalty of slip holders at the marina, Steve and Shelly offer a 20 percent discount in the retail store and a 5 percent discount at the gas dock to slip holders during the 2013 season.

Alan Sharp is staying on to help with the transition this first year and will oversee the fishing tournaments. A solid core of the workforce is returning as well, but some new faces will be added, Shelley and Steve say.

A new addition is the flyboard concession, Aqua Flight, operating out of the marina, Shelly says. The operation opens for business May 15. The Big Bear Queen will remain, and Big Bear Marina still holds the designation as the official weigh station on Big Bear Lake. Big Bear Marina offers clean pontoons and fishing boats for rent. Also available are personal watercraft, paddleboards, including stand-ups, canoes and kayaks for rent. A store is onsite featuring bait and tackle, apparel, beer and wine, snacks, beverages, sunscreen, fishing licensees and boat permits, “and Dramamine if you need it,” Steve says. Big Bear Marina is a Berkeley pro shop and has gone green. All live bait sold at the marina is sold in Earthsmart products, which contain no Styrofoam.

The marina also offers repair and maintenance service and boat detailing, with dry storage and winterizing at the end of the season and unwrapping and launching services for the start of the season. Quagga mussel inspections are also done at Big Bear Marina.

A few days prior to the March 29 opening, Steve and Shelly were busy making final preparations for the big day. It didn’t seem real, Steve said. They are committed to making a visit to Big Bear Marina the best experience possible. Shelly says she wants families to come to Big Bear Marina and create memories.

“This is something families do,” Steve says. Fishing has grown as an affordable recreation and family activity, and the Fenglers plan to make sure more people enjoy it at Big Bear Marina.

Not many people get to ski all winter and play at the lake all summer, Shelly says. “It’s been a blessing and amazing how everything fits for us,” she says. The Fenglers hope Big Bear Marina is a good fit for their customers as well.
Big Bear Marina is at 500 Paine Court, Big Bear Lake, adjacent to the Big Bear Municipal Water District office. For more information on the marina, call 909-866-3218 or visit www.bigbearmarina.com.

Posted by: mikewochner | April 7, 2013

Small plane makes emergency landing in Big Bear Lake

Passengers Survive Plane Crash into Big Bear Lake 4/6/2013

Four passengers survived a plane crash into Big Bear Lake, landing down near Ellyn Williams’ (a local real estate agent) residence yesterday.  Although the plane was substantially damaged, no one was seriously injured.

Article written by San Bernardino Sun.

Four people were only slightly injured when the single-engine plane they were flying in lost power and splashed down in Big Bear Lake on Saturday morning, officials said.
“The pilot announced they were having engine trouble and was experiencing some shaking,” said Big Bear City Airport Unicom Operator Bob Dow in a phone conversation. “I cleared him for a landing but shortly after he announced he wasn’t going to make it and went into the lake. “No one was believed to be significantly injured in the 10:40 a.m. incident, San Bernardino County sheriff’s spokeswoman Cindy Bachman said.

“Several passengers were able to exit the plane and a couple of them have minor injuries,” she said.

The plane went down in shallow water in the southwest portion of the lake, according to Big Bear City Airport and Federal Aviation Administration officials.

After hitting the water, “the aircraft came to a rest inverted,” FAA spokesman Allen Kenitzer said.

The Beech A36 Bonanza sustained “substantial damage,” he added.

The airport sits a few hundred yards east of the lake. Despite the lake’s close proximity, Dow said incidents like Saturday’s are rare.

“The last time anything similar to this happened was several years ago,” Dow said.

In that incident, a small plane ended up in a water area known as The Ponds between the airport and the lake, Dow said. No major injuries were reported in that crash either.

Both the FAA and the National Transportation Safety Board were investigating Saturday’s incident, Kenitzer said, with the NTSB spearheading the probe.

A preliminary report on the mishap was expected in a week or two, he said. A probable cause will likely not be determined for several months.

Read more: http://www.sbsun.com/news/ci_22965944/small-plane-splashes-down-big-bear-lake-no#ixzz2PnqIttIZ

 

CLICK HERE TO VIEW KTLA NEWS REPORT ON PLANE CRASH

Posted by: mikewochner | March 17, 2013

Big Bear’s Polar Plunge 2013 a Huge Success

Big Bear Polar Plunge

A big success at this year’s “Polar Plunge” as the fundraiser brings in $100,000 for Special Olympics of Southern California.  Story by Judi Bowers of the Big Bear Grizzly.

Freezin’ for good reason – $100,000 of them

Deputy Jim Winjhamer is still in awe.  He still can’t believe the turnout in numbers and money for the second annual Polar Plunge to benefit Special Olympics Southern California.  The fundraiser hit the $100,000 mark for Special Olympics.

The plunge March 9 at Swim Beach truly was polar, with several inches of fresh snow covering the sand at Swim Beach.  The water temperature was warmer than the air temperature, but that didn’t dampen anyone’s spirit, or their spirit of giving.

Last year Big Bear set a fundraising record earning more than $23,000, and in 2013 set a record before a single person hit the icy waters of Big Bear Lake.  Winjhammer said the goal was to double the 2012 take.  He did that and then some.

By plunge time March 9, the count was just shy of $40,000 and by the time plungers were drying off, it was above $70,000.  The almost final count came in March 11, at $90,000, hitting $100,000 by March 12, with more than expected.  ”I’m floored,” Winjhamer said.  ”It’s amazing.”

In addition to raisin money to benefit the Special Olympic athletes in the Inland Empire, the event also raised awareness.  Winjhamer said there are nine Special Olympic athletes in Big Bear and after the event, there are more who want to sign their kids up.  He also received inquires from a number of people on how to volunteer as a coach.

In the Inland Empire, Special Olympic athletes compete in a bowling tournament in Big Bear in the fall as well as various other games held in areas such as Murrietta and Orange County.  Winjhamer said hopes are to host a track and field event in Big Bear in the spring.  The funds make it possible for athletes to have access to sporting events all year long, Winjhamer said.

Winjhamer has a son who is a Special Olympic athlete, which drives his passion.  Asked what he thinks drives others who participated and raised so much money, Winjhamer said the Big Bear community  is so giving.  When asked for help with the Special Olympics, people were eager to participate, he said.  ”This is a very giving community,” Winjhamer said.  ”People are just amazing,” something he kept repeating.

Will Rahill, a local real estate agent, arrived at the Polar Plunge dressed in fur.  he was Pimpin’ for a Special O, Rahill said.  He decided the morning of the event to take part and donated $100 to the cause.

Angel Martinez of Hesperia took part for the family.  His aunt, who recently passed away, from Down Syndrome.  Her favorite food was hot dogs, so Martinez dressed in his aunt’s Halloween costume as Hot Diggity Dog and jumped into Big Bear Lake in her honor.

San Bernardino County Sheriff John McMahon attended the event, helping Amber, a Special Olympic athlete, light the torch to signal the start of the games.  The torch arrived via special delivery from the Sheriff’s Drive Team.  Two divers jumped simultaneously from a helicopter hovering over the lake and delivered the torch to McMahon and Amber.

Close to 300 people took the plunge.  There were numerous law enforcement teams, fire firefighters, teams from Snow Summit, the Big Bear City Community Services District, the Big Bear Area Regional Wastewater Agency, Bear Valley Unified School District and more.  The cohesiveness was all about coming together for one cause, Winjhamer said.

“Wasn’t that amazing?” he said with a smile that answers his own question.

Aerial Video found on You Tube of the 2013 Polar Plunge

Posted by: mikewochner | February 7, 2013

Fees to use Big Bear Lake increase in 2013

East Boat Launch Ramp

I saw this in the Big Bear Grizzly last week and thought I should pass it along.  The increase in fees won’t be substantial for the consumer but it will bring in quite a bit of revenue for the MWD to get it back in “the black” again.

Fees to rise for lake use

By KATHY PORTIE Reporter | Posted: Thursday, January 23, 2013 2:45 pm

The cost of recreation on Big Bear Lake is going up. Faced with a $150,000 shortfall in recreational operations revenue, the Big Bear Municipal Water District board of directors approved an increase in lake use fees for the 2013 season.

The board considered and rejected a proposal to institute a launch access pass in addition to a boat permit. A seasonal launch access pass would add $25 to the season registered and nonregistered boat permit fee. In addition to the boat access pass, a quagga inspection fee would rise $3 per seasonal pass under option A, bringing the total increase to $28.

Board member Todd Murphy favored Option A, saying it spread the recreational fees fairly between recreational users. “Why are we charging the same for those using the ramps as those that don’t?” Murphy asked. “Those who don’t use the (public) ramps shouldn’t have to pay for them.”

Option A would bring in about $126,500, leaving a deficit of about $24,000 according to MWD staff reports.

Former Pine Knot Concessions owner Larry Cooke and former Big Bear Marina owner Alan Sharp told the board it makes more sense to go with Option B, which increases boat permit fees and fully funds the shortfall at an estimated $154,000.

“I know you are looking at revenue, and I understand that,” Cooke said. “We’re getting into more paperwork (with Option A). Why not just put this (increase) as part of the boat permit and leave it at that?”

Board member Skip Suhay said that life isn’t fair. “I think (Option B) is as fair as we can get it,” Suhay said. “Plan B is the only one that covers our options.”

Board president Vince Smith agrees in principle with Murphy, but after hearing from marina owners during a recent workshop, he changed his mind. Smith compares the fee to people shopping at a grocery store. “There are those who shop there every day and those who maybe shop once a week,” Smith said. “We all pay the same price.” He said going with Option B makes it less difficult for the end user and staff.

In the end, the board accepted Option B and Murphy voted along with the rest of the board. This summer seasonal boat permits will increase by $20 for registered vessels and $5 for nonregistered vessels. Daily registered boat permits will increase $10 for one day, $15 for two days, $20 for three days and $25 for four days. Daily nonregistered boat permits will see an increase of $5 per day. And float tube daily fees will increase $3 per day compared to 2012.

New fees at Big Bear Lake still fall well below most other lakes in Southern California. A Big Bear Lake annual motorized boat permit is $120 compared to $225 at Lake Elsinore, $135 at Castaic Lake and $195 at Lake Perris State Recreation Area. The other lakes also charge vehicle entry fees in addition to the boat launch or boat permit fees.

“I think we still compare favorably with other lakes in Southern California,” Murphy said after the meeting.

MWD General Manager Scott Heule said the fee increase is necessary to avoid dipping into property tax revenue to subsidize recreation operations costs. The fees help pay for staffing the launch ramps, Lake Patrol officers, quagga mussel inspectors, SS Relief maintenance, a portion of administrative and directors salaries, and stocking the fisheries.

Property tax revenue is used to maintain the district’s administrative facilities, dam safety and maintenance, as well as funding the in-lieu water agreement.

The board has a philosophy that lake users should pay for the recreational use of the lake, Heule said. Roughly half of the district’s $3 million in property tax revenue pays for the in-lieu agreement, which keeps water in the lake, which in turn keeps Big Bear in business and is a benefit to residents, Heule said.

The Cost of Recreation at Southern California Lakes

Lake Elsinore Lake Use Fees
Annual Pass
Motorized Vessel- General public $225, city resident $150
Non-motorized Vessel- General public $50, city resident $40
Launch Fees
$10 per boat at most marinas
Daily use fees
$10 per car at most marinas
Castaic Lake State Recreation Area
Vehicle Entry Fees
Vehicle annual pass $125
Senior/disabled annual pass $65
Boat Launch Annual Fees
Motorized $135
Non Motorized $105
Senior/disabled $65
Lake Perris State Recreation Area
Annual Passes
Day use $195
Golden Poppy Pass $125
Boat use pass $100
Big Bear Lake
Annual Passes
Registered boats $120 (includes $10 quagga inspection fee)
Non-registered boats $50 (includes $5 quagga inspection fee)

Lakefront Home at 170 Elgin Road, Big Bear Lake, CA 92315

Big Bear Lakefront Home at 170 Elgin Closes Escrow (Sale #37 for 2012)

This home was on the market for 1163 days.  But with all the activity along the lake, it became a better value towards the end of the year for an upper end lakefront.  The owners started off at $2,195,000 back in 2009 and lowered the price over the past couple of years to $1,790,000 before getting an acceptable offer at $1,688,000.  This wasn’t their first offer, but with a 7 day escrow I think it was hard for them not to accept it.

What’s unique about this property is the 6 bedrooms and 6 baths.  There was obviously an addition that was done over the garage…it was nicely done but the floor plan was a little choppy.  On the positive side, it gave good separation from the rest of the house so it wasn’t too goofy and it gave the homeowners a large second gathering area besides the living room.  I’ve shown this home several times and the biggest complaint was that the view of the lake wasn’t expansive enough.  No one complained about the number of bedrooms, the soaring cathedral ceilings with the floor to ceiling native rock fireplaces.  It even had politically correct stuffed animal heads that one would find at a kids carnival, not at a taxidermist shop.

The kitchen was recently redone with new cabinets, backsplash, and counter tops which made a world of difference.  All in all I thought it was nice, just not for everyone.  The master was on the second floor which you accessed along a catwalk landing (another addition is my guess)…so some lakefront buyers might not have liked the steps.  But with this square footage, it became a decent value for the money.

Information Regarding this Lakefront Home Sale

List Price: $1,790,000
Sales Price: $1,688,000
List Price to Sales Price Ratio: 94%
Days On Market: 1163
Sold Price per Square Foot: $361.61
Sale Date: 12/26/12

Photos of this Lakefront Home

Living Room

Living Room looking the other way

Kitchen

Formal Dining area

Bedroom 1

Bedroom 2

View from the deck of this lakefront home

Aerial View of 170 Elgin Road

Google Map of 170 Elgin Road

Lakefront Home at 248 Lagunita Lane, Big Bear Lake, CA 92315

Big Bear Lakefront Home at 248 Lagunita Lane Closes Escrow (Sale #36 of 2012)

Again, apologies for the late post but I wanted to make sure I finished 2012′s lakefront sales….I’ve got 2 more to report after this home for a total 38 in 2012!

Located on Mallard Lagoon down the street from Lagunita Lodge, this four unit lakefront property was on the market for quite some time (1211 days to be exact). The list price was as high as $895,000 back in 2009, and as low as $500,000 to try and attract investors at an auction, but it ended up selling for $650,000 cash the week before Christmas.

Originally built in 1941, it covered 2400 square feet in all, with 5 bedrooms and 4.5 baths.   The lot was 10,044 square feet (54′x195′x57′x185′) on the shallow side of Lagunita Lane. Most of the units were remodeled but needed a little TLC in my opinion. New counter tops, flooring, and dual pane windows….but in my opinion, the craftsmanship was below average.  The last time I showed this property, the 2 interior units (a duplex) needed more work than the front and back structures.  The exterior was wrapped with log siding (tongue and groove).  There was only 1 water meter on the property but each unit had their own electric and gas meter, and was entitled to their own boat dock and access to the lake.  One other tidbit that many might not know about…the listing agent used to own this property a couple of owners ago, so she was very familiar with the history of this property.

I thought this was a decent buy, however, I didn’t think it was for everyone.  I think this was a tough sale because most buyers want a single family residence in the mountains, to use with their family and getaway from the hustle and bustle….not an investment property that you have to attend to.  The price per square foot was low, which was good for the buyer, but it had to be low in my opinion in order to attract an investor.  The water level is shallow in this location, so when the lake recedes from time to time it will be difficult to get your boat out on the lake…all in all, it’s difficult to find a lakefront in this price range so I think the investor did okay.  They’ll just want to make sure if they ever sell that the water level is up otherwise it will be an even tougher sale.  Currently Big Bear Lake is 4′ 4″ from full.

Information Regarding this Lakefront Home Sale

List Price: $695,000
Sales Price: $650,000
List Price to Sales Price Ratio: 93%
Days On Market: 1211
Sold Price per Square Foot: $232.14
Sale Date: 12/18/12

Photos of this Lakefront Home

View of Mallard Bay from upper deck

Front Unit

Lawn area between cabins

Front of Duplex Units

Boat Dock for Lagunita units

 Aerial View of 248 Lagunita Lane

Google Map of 248 Lagunita Lane

Posted by: mikewochner | January 18, 2013

Inventory Levels, Price Reductions, and Housing Starts

Saw this today and thought it would be appropriate to repost.  Out of the 19 lakefront homes currently for sale today, 8 have been listed for over a year!  And with respect to the last comment of this article, there are currently 20 plans in plan-check down at the City of Big Bear Lake (the highest number since 2008).

As Housing Market Rebounds, Listing Prices Cut the Other Way

By Stefanos Chen, New York Times Blog

The end of the year typically represents prime time for savvy home buyers who pounce on last-ditch discounting by sellers. But in another sign that 2013 may be brighter for housing, price reductions on for-sale homes are getting harder to find in many markets.

Out of the 100 largest metro markets, 33.6% of homes for sale saw price drops from their original or recent listing price in the last six months, according to data to be released on Wednesday by home listing and research company Trulia. In the same period a year earlier, a larger share, 36.7% of homes, went down in price. Overall, 83 of the 100 markets studied had fewer price reductions than in the previous reporting period.

In the case of homes that have been listed for more than six months, the current price was compared with the price from six months ago. Foreclosures were excluded from the data.

On the metro level, the difference was even starker. In Oakland, Calif., which recorded the smallest percentage of price reductions, only 15% of homes dropped in price. In the same period a year ago, 31% of homes experienced price cuts. “As prices strengthen and the market gets tighter, sellers are better able to sell without having to reduce prices,” said Jed Kolko, chief economist for Trulia.

The year-over-year median sales price for existing homes has risen for nine consecutive months through November, the most recent month when data were available, according to Walter Molony, a spokesman for the National Association of Realtors. Fewer asking-price reductions could mean sales prices continue to improve.

Couple that with tighter than normal inventory in markets across the country, particularly in the West, and the reasons for declining price drops become more evident. At the current pace of sales, it would take 4.8 months to sell all the homes listed for sale in November. The Realtors group considers a six-month supply of homes to be a balanced market.

While the national trend is toward fewer price reductions, some markets are faring better than others. Springfield, Mass., recorded the highest rate of price reductions, with 48% of its on-market homes cutting their prices. The percentage remains unchanged from the same period a year earlier. Five of the 10 markets with the highest share of price reductions were in New England. What markets like Springfield lack compared with healthier markets is some combination of fundamentals such as job growth, low vacancy and fewer foreclosures, Mr. Kolko said.

As for the next indicator that the housing market is on the right path, Mr. Kolko says to look to new construction. “The milestone to watch for in 2013 is whether inventory bottoms,” he said.

RELATED LINKS-

 

 

Lakefront Home at 122 Round Drive, Big Bear Lake

Big Bear Lakefront Home at 122 Round Drive Closes Escrow (Closed Sale #35 of 2012)

Round Drive has always been one of my favorite parts of the lake.  The way the road curves around the point, the space in between some of the houses, the tall mature pine trees on the street.  It has a cool rustic feel to it that you would expect out of a mountain retreat.  Some of the lakefront homes on this short and narrow street go all the way back to the 20′s and have a simple but timeless look to them, from the tree bark that was left on the exterior of the homes, to the native stone fireplaces that have withstood the test of time.  Lakefront homes on Round Drive tend to be a little more sought after and more expensive.  Over the past several years we’ve seen lakefronts on this street sell from $950,000 all the way up to $2.2mm.

A lakefront home at 122 Round Drive recently sold and had a nice layout to it.  Large great room with picture windows overlooking the west end of Big Bear Lake, 2 master suites which is nice for multiple families (one on the main floor and one downstairs), and a bonus room downstairs for a second gathering area.   It covered 3279 square feet with a total of 4 bedrooms, 3.5 baths, and was built in 1991 by the previous owners.

I had a client that really liked this property and the western views.  They were pretty serious about it but decided that it would probably take to much work to get it how they wanted it.  As you entered the front door, you can see 4 different types of flooring from the entry.  I would have tied the flooring together and made it a little more consistent…not to many people like carpet in the bathrooms.  It didn’t have a real cabin flavor to it and maybe with some rustic furniture/decor it would help.  Inexpensive light fixtures and tub enclosures….So I thought there was probably a light remodel option, for those that wanted to use this as a rental (rentals get a lot of wear and tear so you wouldn’t want to throw a bunch of money at it if it were an income property) and a medium remodel option for those that wanted it for just personal use. It also needed a boat dock, (probably $15,000 to $25,000 cost depending on the type of materials used).  Loved the sea wall and the 100′ of lake frontage.  The water level seemed to be somewhat shallow for the first 30-40′ from a distant view…I know Round Drive is known for it’s deep water but it didn’t seem as deep compared to a couple of doors down to the north.

All in all, I liked the layout and I thought the sellers were in the ball park in terms of value comparing it to the other lakefront cabins in the $1,000,000 to $1,100,000 range, so I think the buyers got a good value at $1,005,000.

Information Regarding this Lakefront Home Sale

List Price: $1,089,000
Sales Price: $1,005,000
List Price to Sales Price Ratio: 92%
Days On Market: 189
Sold Price per Square Foot: $306.50
Sale Date: 12/12/12

Photos of this Lakefront Home

Living Room in this Lakefront Home

Bar in Living Room of this Lakefront Home

Bonus Room Downstairs in this Lakefront Home

Master Bedroom in this Lakefront Home

Master Bath in this Lakefront Home

Back of this Lakefront Home

View of Big Bear Lake from this Lakefront Home

Aerial View of 122 Round Drive

Google Map of 122 Round Drive

Lakefront Home at 119 Lagunita Lane, Big Bear Lake, CA

 Big Bear Lakefront Home at 119 Lagunita Lane Closes Escrow (Closed Sale #34 of 2012)

Located on the point of Lagunita, this lakefront property faces the center of Big Bear Lake and has deep water access (the shoreline isn’t going to recede as much as other lakefront locations in Big Bear).  It’s a 2 story, sierra style duplex within minutes of Snow Summit Ski Resort, the Village, and grocery stores.  Newer drywall, windows, window treatments, lighting and plumbing fixtures, hardwood floors, stainless steel appliances, newer counter tops, two custom stone fireplaces and was sold completely furnished.  Built in 1966 but tastefully remodeled, this lakefront covered 1320 square feet with 3 bedrooms and 2 baths (1 bedroom and a bath downstairs, and 2 bedrooms and a bath upstairs).

This lakefront home was on the market for quite some time (924 days).  The seller bought it for $775,000 in December of 2005 and put quite a bit of money into remodeling the property and was reluctant to “give it away” as the real estate market turned for the worse.  She started at $1,200,000 and chased the market down reducing the price to $1,050,000, $888,000, $699,900, $649,900, and finally $585,000 before accepting an offer at $570,000.

The buyers on this property were extremely patient.  Their first lender said they would never get a loan based on the property type (zoning is single family, but when it was built it was zoned multi-family…so the proper term down at the City of Big Bear Lake for this property is “legal, non-conforming”…it is legal based on what the zoning was back in the 60′s (it’s grand-fathered in), but it does not conform to today’s zoning guidelines….a lot of Big Bear has been “down-zoned” or encouraged to build single family as opposed to multi-family dwellings now).  The lender also said that buying a multi-family property as an investment property in a rural area (that was the designation on the appraisal) would be impossible…not to mention, there’s not a lot of multi-family lakefront dwellings to compare it with, so the appraisal would be difficult.

Some people give up after hearing something like that, but to me, it was a challenge to prove the lender wrong.  We got a second opinion from a different lender who told us that it wouldn’t be a problem and long story short, we got the loan. The buyers never took their eye off the goal and in my opinion got a great property at a great price. Our escrow was a long 100 day process, but they successfully closed before the holidays.

Thank you, Dan, Sherry, Jason, and Katherine!  It was a pleasure working with you and although the escrow was stressful and taxing, I believe your perseverance on purchasing this lakefront home will pay off in the long run. Congratulations and enjoy!

Information Regarding this Lakefront Home Sale

List Price: $585,000
Sales Price: $570,000
List Price to Sales Price Ratio: 97%
Days On Market: 1024
Sold Price per Square Foot: $431.82
Sale Date: 12/11/12

Photos of this Lakefront Home

Living Room

Kitchen/Living Room

Living Room Upstairs

Kitchen

Bedroom Downstairs

Bathroom

Bedroom upstairs

View from this lakefront home

Big Bear Lakefront Home at 39623 Lake Drive, Big Bear Lake, CA 92315

Big Bear Lakefront Home at 39623 Lake Drive Closes Escrow (Closed Sale #33 of 2012)

This was a brand new construction centrally located over on Lake Drive.  It featured 4 bedrooms (2 master suites), 3 1/2 baths, 2 laundry facilities, a large open great room with picture windows and covered approximately 2,883 square feet.  The builder and his family have been building in the mountains for years, so they know what to build and what people like….rustic slate in the bathrooms, barn-style siding which is a signature of his, an extra deep 2 car garage, and a lot of distressed wood work.

The days on market number down below is a little deceptive.  The owner/builder/agent (all one person) listed the property in the framing stage….but it did take a while to sell.  It faced Holloways Marina and Pleasure Point Marina (see aerial view of all the dock slips).  For a spec home I’m guessing the builder did fairly well.  They bought the lot right at $286,000 (it was a bank owned lot) and he got a good price for the house at $1,035,000.  Even if it cost him $200/square foot to build he had a nice cushion in there.

The list price started off at $1,350,000 in March of 2011, dropped to $1,249,000 in November of 2011, and the owner did one more price reduction in September of 2012 at $1,199,500 before finding a buyer.

I thought the quality of construction was good for this lakefront home, but the location wasn’t very desirable in my opinion. Shallow water, a busy view of 2 marinas. I can see why it sold.  There’s not a lot of new constructions along Big Bear Lake, but if I was spending $1mm+ on a lakefront home I would have been a little more selective with the view and location.  It just goes to show that everyone is different. Having a “turn-key” brand new home that you don’t have to do anything to has it’s advantages and some buyers will pay more for that convenience than others.

If you’re in the market for a lakefront home, or if you have any questions don’t hesitate to call or email me.  I’m here to help.

Information Regarding this Lakefront Home Sale

List Price: $1,199,500
Sales Price: $1,035,000
List Price to Sales Price Ratio: 86%
Days On Market: 600
Sold Price per Square Foot: $359.00
Sale Date: 12/6/2012

Photos of this Lakefront Home

Kitchen in this lakefront home

Living Room in this lakefront home

One of two master suites

BathroomBedroom

Boat dock and view of Holloways Marina

Back of this lakefront home

Aerial View of this Lakefront Home

Google Map of 39623 Lake Drive

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