Five Great Bank Owned Properties in Big Bear Lake

By Joe Pecoraro

The bank owned properties in Big Bear just keep on coming. We are now starting to see properties in the more exclusive neighborhoods of Big Bear Lake. Even a couple lake front properties have become REO listings. These five properties are all in great locations and priced well. One of the properties is a lake front and two are in the exclusive Fox Farm area. I only picked properties in the Big Bear Lake part of the valley for this blog. Big Bear Lake includes: Big Bear Lake (East, West and Central) Fox Farm, and most of Moonridge.

• 42592 PEREGRINE AVENUE- This is a great little ski cabin. It is technically a 1 bedroom but does include a bedroom size loft that has a closet. It is located in Lower Moonridge between the Big Bear Mountain Ski Resorts. The property is very easy to get to even in snowy conditions and walking distance to the shuttle to the ski resort on busy days.
  LIST PRICE $149,000 LAST SALE 12/14/05 $212,000
• 384 MEADOW CIRCLE- Looking for a lakefront property, this REO might be the one for you. Located in the gated lakefront community of Eagle Knoll, this property is very good shape for a bank owned property. This property has plenty of decking to enjoy the summers on the lake and comes with dock rights. Eagle Knoll is located at the east end of the lake right before Stanfield Cutoff. Lakefront properties have held their values more in this market than any other properties.
  LIST PRICE $830,000 LAST SALE 3/10/05 $745,000
• 717 JEFFRIES ROAD- You can't beat this price per square foot ($122) in Big Bear Lake. Formerly a Bed and Breakfast this place has a bathroom in every bedroom and even an indoor pool. It would make a great retreat for a large family or a company. It is located in Big bear Lake Central and appears to be in great shape. The lot is only a few square feet short of an acre so you have plenty of room for the whole gang. Or if you are looking to start a Bed and Breakfast this might be the place to start.
  LIST PRICE $649,000 LAST SALE 12/01/00 $276,000(before addition and remodel)
• 42694 EDELWEISS- This Fox Farm log sided home was recently upgraded before being foreclosed on. It has a beautiful kitchen and a game room. The neighborhood is very nice and quiet with nice properties all around it. The property is very centrally located and you won't have to worry about the crowds disturbing you. There are very few vacation rentals in the area.
  LIST PRICE $615,000 LAST SALE 5/12/03 $338,000(before addition and remodel)
• 42756 TANNENBAUM PLATZ- Another Fox Farm home, this one is at the end of a cul-de-sac and very spacious. The property next door, a vacant lot, is also on the market. This home has a very nice setting and floor-plan. It is very clean and would make a great full time property or second home. It is about five minutes from the lake and ski resorts.
  LIST PRICE $589,800 LAST SALE 2/28/07 $740,000