787 Ford Lane, Big Bear Lake, California 92315, Big Bear Lake, 92315 - 4 bed, 4 bath

787 Ford Lane, Big Bear Lake, California 92315 home-pic-0
ACTIVE$777,000
787 Ford Lane, Big Bear Lake, California 92315
4Beds
4Baths
2,605Sqft
27,965Lot

Price Vs. Estimate

Estimation data not available

Key pros and cons

Top Pros:
Income & Multi-Generational Potential: Two distinct homes on one expansive lot offer versatile options for rental income, multi-generational living, or a primary residence with an income-generating unit.
Top Cons:
Second Home Requires Investment: The older 'true Cabin' is noted for 'Unlimited Potential,' indicating it likely needs substantial renovation or modernization to maximize its value and appeal.

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 2006 (19 years old).
Condition: This property comprises two distinct homes. The primary log-style house, built in 2006, is in good condition with modern rustic finishes, laminate flooring, radiant heat, and a functional kitchen and bathroom (though the bathroom's green tile is a specific aesthetic). However, the second 'true cabin' is significantly outdated, particularly its kitchen which features old wood cabinets, no visible appliances, and wood paneling, requiring substantial renovation. The overall condition is heavily influenced by the second unit's need for major rehabilitation, making the property not entirely move-in ready without significant investment.
Year Built
2006
Close
-
List price
$777K
Original List price
$799K
Price/Sqft
$298
HOA
-
Days on market
-
Sold On
-
MLS number
HD25227165
Home ConditionPoor
Features
Good View: Mountain(s), Trees/Woods
ViewMountain(s), Trees/Woods

About this home

Exciting 2 Houses with Excellent Investment Potential. Perfect for Multi Family & Multi - Generational Living, or Live in One House and Collect Rental Income on the Other. Walk to the Village! Oversized lot of .642 Acres which used to be 5 Individual Lots. Both Houses are Vacant and Available for Showings. The Log Style 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. Custom Logs are the Beamed Ceilings. 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! The 2nd House is a true Cabin! 2 bedroom 1 bath, with Unlimited Potential. Both Houses Feature Separate Gated Entrances. The Spacious Yard is Fully Fenced & 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. The 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 Retal Investors, a Dock is Available to Purchase at Pine Knot Dock Club * You can Market this 2 house 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.

Condition Rating
Poor

This property comprises two distinct homes. The primary log-style house, built in 2006, is in good condition with modern rustic finishes, laminate flooring, radiant heat, and a functional kitchen and bathroom (though the bathroom's green tile is a specific aesthetic). However, the second 'true cabin' is significantly outdated, particularly its kitchen which features old wood cabinets, no visible appliances, and wood paneling, requiring substantial renovation. The overall condition is heavily influenced by the second unit's need for major rehabilitation, making the property not entirely move-in ready without significant investment.
Pros & Cons

Pros

Income & Multi-Generational Potential: Two distinct homes on one expansive lot offer versatile options for rental income, multi-generational living, or a primary residence with an income-generating unit.
Premier Big Bear Location: Exceptional walkability to the Village and close proximity to Snow Summit, the lake, dining, and various recreational amenities.
Expansive & Functional Lot: A substantial 0.642-acre lot, formerly five individual parcels, provides extensive space for vehicle storage (RV/boat), outdoor activities, and features separate gated entrances.
Modern Main Residence Amenities: The newer log-style home boasts desirable features including in-floor radiant heat, a gourmet kitchen, a river rock fireplace, an attached two-car garage, and scenic mountain views.
Exclusive Lake Access Opportunity: The option to purchase a large 24' slip at the Pine Knot Dock Club significantly enhances the property's value and appeal, especially for short-term rental investors.

Cons

Second Home Requires Investment: The older 'true Cabin' is noted for 'Unlimited Potential,' indicating it likely needs substantial renovation or modernization to maximize its value and appeal.
Absence of Rental Income History: Lack of documented short-term rental income data may complicate financial projections and due diligence for prospective investors.
Recent Price Adjustment: A recent price reduction from the original listing price could suggest an initial overvaluation or a need to stimulate buyer interest.

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