42268 Moonridge Road, Big Bear Lake, California 92315, Big Bear Lake, - bed, bath

home-pic
ACTIVE$1,700,000
42268 Moonridge Road, Big Bear Lake, California 92315
0Bed
0Bath
5,963Sqft
43,560Lot
Year Built
1965
Close
-
List price
$1.7M
Original List price
$1.9M
Price/Sqft
-
HOA
-
Days on market
-
Sold On
-
MLS number
NP24164499
Home ConditionGood
Features
Deck
Patio
View-

About this home

Goldmine Lodge is one of the hidden gems at a great location in Big Bear Lake. The Western themed property is tucked away in a quiet wooded area with tall pine trees all around, yet it is so conveniently located right on the way from Big Bear Blvd to Bear Mountains Ski Resort and the Zoo with a Moonridge Rd address. The property has plenty of open grassy space for corporate events, weddings and outdoor activities. Some of the open space may be used for further expansion. It is a short walking distance to many fine dining restaurants, a short drive to grocery stores, hospitals, Starbucks, fast food outlets, ski slopes and everything that tourists may ever need during a stay with wonderful memories in Big Bear Lake. There are 12 keys when the manager's house is included. Some part of the motel are rooms with a king-size bed or queen-size double beds, many others are family-sized suites with one-bed and two-bed rooms for tourists to select from. The total number of beds can sleep between 20 to 30 persons. Many are equipped with microwave ovens, fridges, ranges and ovens for family cooking and entertaining. In addition, connected to the reception desk office there is a large 2-bedroom manager's stand-alone house that sleep another 5 persons and can be rented out at the new owner's discretion. There is also plenty of parking space on almost an acre of land. The owner has put in a significant amount of blood, sweat and tears for renovation of the property from a previously dilapidated state since the acquisition. Due to family reasons, the owner has reluctantly decided to part way with this treasured possession if we can find a caring new owner for it.

Price History

Date
Event
Price
09/01/25
Price Change
$1,700,000
08/08/24
Listing
$1,900,000
Condition Rating
Good

Despite being built in 1965, the listing description explicitly states significant renovations have been undertaken, bringing the property from a 'dilapidated state.' The images support this, particularly the bathroom which features updated mosaic tiling, a modern vanity, and contemporary light fixtures, suggesting a renovation within the last 5-15 years. The exterior appears well-maintained, and the property is presented as move-in ready for its intended use as a lodge. While not 'excellent' due to the age of the original structure and the functional rather than high-end nature of some visible components (like basic kitchenettes), it meets the criteria for 'good' as it requires no immediate renovations and systems appear well-maintained.
Pros & Cons

Pros

Prime Location & Accessibility: Strategically located in Big Bear Lake, on the way to Bear Mountains Ski Resort and the Zoo, with short walking distance to fine dining and a short drive to essential amenities like grocery stores, hospitals, and ski slopes, making it highly attractive for tourists.
Significant Income Potential: Operates as a multi-unit property with '12 keys' including a manager's house, offering various room types (king, queen, family suites) capable of sleeping 20-30 persons, indicating strong revenue-generating capacity.
Versatile Use & Expansion Potential: Features ample open grassy space suitable for corporate events, weddings, and outdoor activities, with potential for further expansion, allowing for diverse revenue streams and future growth.
Recent Owner Investment in Renovation: The current owner has invested 'significant amount of blood, sweat and tears for renovation' from a previously dilapidated state, suggesting the property is in improved condition and ready for operation.
Generous Lot Size & Parking: Sits on almost an acre of land (43,560 sqft) with 'plenty of parking space,' which is a valuable asset for a commercial/hospitality property accommodating multiple guests and events.

Cons

Age of Property: Built in 1965, the property's age, despite renovations, may imply underlying older infrastructure (e.g., plumbing, electrical) that could require ongoing maintenance or future capital expenditures not explicitly covered by the renovation description.
Recent Price Reduction: The property has seen a price reduction from $1.9M to $1.7M, which could indicate initial overpricing or market resistance, potentially signaling a perceived value gap or other challenges in attracting buyers at the higher price point.
Vague Renovation Details: While renovations are mentioned, the description lacks specific details regarding the scope and quality of the updates, leaving potential buyers to wonder about the extent of the work and whether all systems or aesthetic elements have been modernized.

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