Posted by: mikewochner | July 21, 2009

811 Peninsula Lane in Big Bear Lake Closes Escrow

811 Peninsula Lane, Big Bear Lake, CA 92315

811 Peninsula Lane, Big Bear Lake, CA 92315

811 Peninsula Lane closed escrow yesterday.  It was listed with an agent from off the mountain (Ken Ross of Realty Executives).  I’m a little surprised this sold…it wasn’t in a high end neighborhood and it looked back at Big Bear Boulevard.  I personally would have chosen 39364 Aurora or 208 Eagle over this, but to each their own.  It’s a full log home and it does feel very rustic on the inside.  It sold fully furnished and brought in approximately $90k in revenue in 2008 as a vacation rental with Big Bear Luxury Properties.  It had 4 bedrooms, 4 baths, and covered 3338 square feet.  It was on the market back in 2007 (and 2006, and 2005…it was on the market for 1610 days last time) and sold for $1,700,000 back then. 

Not your Usual Sale 

It sold for more than what the owner bought it for in 2007.  The owner got full price, and it was a 10 day, all cash escrow.  That’s just not the norm these days.  Below are the stats of this transaction…

List Price:  $2,000,000
Sales Price:  $2,000,000
List Price/Sales Price:  100%
Days on Market: 80
Sales Date:  07/20/2009
Sold Price per Square Foot: $599.16/sqft

Peninsula Bedroom

Photo Courtesy of The SoCal MLS

Photo Courtesy of The SoCal MLS

Photo Courtesy of The SoCal MLS

Photo Courtesy of The SoCal MLS

Photo Courtesy of The SoCal MLS

811 Peninsula view from Big Bear Blvd

811 Peninsula view from Big Bear Blvd


[googlemaps http://maps.google.com/maps?f=q&source=s_q&hl=en&geocode=&q=811+Peninsula+Lane,+Big+Bear+Lake,+CA+92315&sll=37.0625,-95.677068&sspn=30.048013,56.337891&ie=UTF8&ll=34.247426,-116.948605&spn=0.007645,0.013754&z=14&iwloc=A&output=embed&w=425&h=350]


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