787 Ford Lane, Big Bear Lake, California 92315, Big Bear Lake, 92315 - bed, bath

787 Ford Lane, Big Bear Lake, California 92315 home-pic-0
ACTIVE$777,000
787 Ford Lane, Big Bear Lake, California 92315
0Bed
0Bath
2,605Sqft
27,965Lot

Price Vs. Estimate

Estimation data not available

Key pros and cons

Top Pros:
High Income Potential & Versatility: The duplex configuration is ideal for multi-family living, multi-generational use, or significant rental income generation, offering flexible occupancy options.
Top Cons:
Absence of Income Data: No historical income data is provided, which can make it challenging for potential investors to accurately project rental revenue and return on investment.

Compared to the nearby listings

Price:$777.0K vs avg $638.5K (+$138,500)50%
Size:2,605 sqft vs avg 2,208.5 sqft50%
Price/sqft:$298 vs avg $28750%

More Insights

Built in 2024 (1 years old).
Condition: The property is listed with a build year of 2024, and the primary 'Loggy House' unit is new construction. This unit features new laminate flooring, in-floor radiant heat, a new kitchen with functional appliances and a walk-in pantry, and new bathrooms with a Jacuzzi tub and tiled shower. While the second unit is older and requires significant updates, the overall property's new build year and the excellent condition of the main dwelling justify an 'Excellent' rating.
Year Built
2024
Close
-
List price
$777K
Original List price
$799K
Price/Sqft
$298
HOA
-
Days on market
-
Sold On
-
MLS number
HD25227101
Home ConditionExcellent
Features
Good View: Mountain(s), Trees/Woods
Patio
ViewMountain(s), Trees/Woods

About this home

Exciting Duplex with Excellent Investment Potential. Perfect for Multi Family & Multi Generational Living, or Live in One House and Collect Rental Income on the Other. Oversized lot of .642 Acres. Both Houses are Vacant and Available for Showings. The Loggy House is Newer Construction, Featuring a Beautiful 2 Bedroom, 2 Bath & Large Laundry Room. Real Jacuzzi Jet Tub for Soaking! Fire Sprinklers Inside. You will enjoy the Open Floorplan with Laminate flooring and in-Floor Radiant Heat. Open Gourmet Kitchen with Walk in Pantry. Lots of Light! Relax in front of your River Rock Fireplace with Stunning Mountain Views. The Attached Garage can comfortably fit two cars and offers lots of Storage! 2nd House is a 2 bedroom 1 bath, with Unlimited Potential. Both Houses Feature Separate Gated Entrances. The Spacious Yard is Perfect for RV's, Boat Storage, Off Road Toys, Garden Enthusiasts & Hosting Large Gatherings. We are located near Snow Summit, Restaurants, Shopping, Parks, the Lake and the Village. 3rd & 4th Structures Include an Outdoor Gameroom & Shed. Last year, this Unique property Appraised at $870,000. * Family has used this Unique Compound as a Vacation Home and Primary Residence * That is why we do not have Income Data. For Short Term Rental Investors, a Dock is Available to Purchase at Pine Knot Dock Club! Market STR with Dock Available and Boat welcome! Dock J-12 is the Largest Available to Purchase from the Exclusive Dock Club. This 24' slip will Accomodate a 26' Boat or Pontoon. You will find Electrical, Lighting, Water and 24 Hour Security at the Slip and Entire Marina. Take a Cart to your Boat and use the Locked Dock Box for your Boating Possessions. Located in Beautiful Big Bear Lake, at the Full-Service Pine Knot Marina. Key Cards available for access after hours at this Gated Marina. Ownership offers Amenities such as Private Owner Only Restrooms, 2 Designated Parking Spaces and Fish Cleaning Area. You can count on the best Boat Service in the Valley!

Condition Rating
Excellent

The property is listed with a build year of 2024, and the primary 'Loggy House' unit is new construction. This unit features new laminate flooring, in-floor radiant heat, a new kitchen with functional appliances and a walk-in pantry, and new bathrooms with a Jacuzzi tub and tiled shower. While the second unit is older and requires significant updates, the overall property's new build year and the excellent condition of the main dwelling justify an 'Excellent' rating.
Pros & Cons

Pros

High Income Potential & Versatility: The duplex configuration is ideal for multi-family living, multi-generational use, or significant rental income generation, offering flexible occupancy options.
New Construction & Modern Features: The primary 'Loggy House' unit is brand new (2024) and boasts high-end finishes, in-floor radiant heat, a gourmet kitchen, and safety features like fire sprinklers.
Expansive & Functional Lot: An oversized 0.642-acre lot provides separate gated entrances, ample parking for RVs/boats/toys, and includes additional structures such as an outdoor gameroom and shed.
Desirable Big Bear Lake Location: The property is strategically located near key attractions including Snow Summit, the lake, Village, restaurants, and shopping, enhancing its appeal for both residents and vacation renters.
Significant Value Proposition: Currently listed well below a recent appraisal of $870,000, offering potential for immediate equity and a strong investment opportunity.

Cons

Absence of Income Data: No historical income data is provided, which can make it challenging for potential investors to accurately project rental revenue and return on investment.
Disparity in Unit Condition: While one unit is new, the second unit is described as having 'unlimited potential,' implying it may require substantial upgrades or renovation to match the quality of the newer unit.
Dock Not Included: The highly desirable boat dock at Pine Knot Marina is available for separate purchase, representing an additional significant investment for buyers looking to maximize short-term rental appeal or personal recreational use.

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