908 Pine Knot Avenue

Big Bear, CA 92315

PRICE REDUCED

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-$251,000 (-11.16%)

$1,999,000

List Price

15

bed Beds

11

shower Baths

5,036 sqft

straighten / sqft

1979

calendar_month Built

Property Description

These cabins generated $955,000 in bookings since Aug 2020 with virtually no advertising. Imagine what you could do if you tried. A rare & exceptional opportunity in the heart of Big Bear Lake just THREE BLOCKS from the Village with a priceless hotel/motel license. The lot encompasses just over two acres of land on two R3 zoned parcels in a prime location. This property offers a serene and quiet setting, providing guests w/the perfect retreat to relax & immerse themselves in the natural beauty of the area. Nestled amidst wooded surroundings on a tranquil street, unlike most other hotels in the area which are on busy streets. With the potential for development, including the addition of more units, this property presents an exciting opportunity for growth. While current approvals are not in place, the development potential offers a promising prospect for expansion and enhancement. With the potential for development, including the addition of more units, this property presents an exciting opportunity for growth. While current approvals are not in place, the development potential offers a promising prospect for expansion and enhancement. Currently fully operational, this property is an ideal opportunity for an owner-operator, boutique hotel, corporate retreat, or full-time rentals. The exceptional unit mix, coupled with the ample open space and frontage on Pine Knot Avenue, Cameron Court, and Cameron Drive, presents an attractive canvas for growth and diversification.With its unbeatable location and exceptional potential, this property is a rare find in Big Bear Lake. Don't miss the chance to own this remarkable investment that offers a perfect blend of tranquility, development potential, and prime positioning. Explore the endless possibilities that await with this extraordinary property. This property is currently operating with a hotel/motel license, offering the flexibility to add additional retail operations, making it an ideal investment opportunity. With eight vacation rental keys, an office featuring a reception area, and an onsite laundry facilities equipped with multiple machines. Two cabins set up as 1 bedroom, 1 bath. Five cabins set up as 2 bedroom, 1 bath. One cabins is a 2-story Gambrel style with 2 bedrooms and 2 baths. One cabin is set as an office and reception area with laundy room at the rear of the lower level and the manager's apartment above with 1 bedroom, 1 bath. Additionally, the property benefits from the presence of an exceptional full-time manager, ensuring that operations run smoothly and guests receive top-notch service throughout their stay. Financial details are available upon request with a signed NDA. Don't miss the chance to explore the endless possibilities presented by this remarkable collection of cabins in the heart of Big Bear Lake.

Listing Information

List Price $1,999,000
Status Active
MLS 24387529
Type Residential Income
Year Built 1979
Lot Size 87,745
Structure Size 5,036
DOM 127
Courtesy Of Compass
Listing Agent John Seffker DRE#01250360

Interior Features

Laundry Information
Location(s) Laundry Room, Stacked
Total Bedroom
Bedrooms 15
Total Bathroom
Bathrooms 11
Flooring Information
Material Carpet, Laminate, Tile
Fireplace Information
Features Wood Burning
Additional Information
Additional Features Ceiling Fan(s), Cathedral Ceiling(s)
Cooling Type
Cooling Type Wall/Window Unit(s)

Exterior Information

Other Structures
Structures Shed(s)
Features Rear Porch, Covered, Front Porch, See Remarks
View Yes

Maps

Listing information courtesy of: John Seffker, Compass . *Based on information from the Association of REALTORS/Multiple Listing as of Sep 30th, 2024 at 6:25 PM and/or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.