23581 Lake Drive, Crestline, California 92325, Crestline, 92325 - 4 bed, 3 bath
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Crestline, California 92325
This Dual-Dwelling Value-Add Asset is listed at $649,999, featuring a rare nearly one-acre level lot within the Rim of the World school district. With a Fair Market Value of $511,267, the property’s investment appeal centers on its Dual Dwellings and high lot utilization. Currently assigned a Poor Condition Rating, the 1925-built structures require significant modernization of systems and interiors to reach peak ROI. The secluded mountain setting and private courtyard patio offer a unique footprint for rental income or multi-generational utility. This is a strategic acquisition for Buy-and-Hold Investors or Contractors.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 23581 Lake Drive Subject | $599,000* List Price | 4 | 3 | 2,868 | $162 | - |
A 23876 Crest Forest Drive Active | $439,000 List Price | 5 | 3 | 2,436 | $180 | 0.5 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
Built in 1925 and on the market for the first time since 1956, this property is significantly aged. While it appears clean and maintained, the kitchens and bathrooms in both dwellings are very dated with older appliances, laminate countertops, and basic fixtures, indicating a lack of major renovations for several decades. The property analysis explicitly states it 'likely requires significant updates to systems (electrical, plumbing, HVAC) and general modernization.' This, along with the visible wall-mounted heaters (suggesting no central HVAC) and the overall outdated aesthetic, points to a need for substantial repairs and rehabilitation to meet contemporary standards, aligning with a 'Poor' condition score.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 35195, living area = 2868.
The property includes two separate single-family residences (3 bed/2 bath main, 1 bed/1 bath additional), offering significant versatility for multi-generational living, rental income, or guest accommodations.
Features nearly an acre (35,195 sqft) of level, usable land, providing ample space for outdoor activities, gardening, and potential future development.
The main home's layout requires passing through one bedroom to access the primary bedroom, which compromises privacy and functional flow.
Built in 1925, the property likely requires significant updates to systems (electrical, plumbing, HVAC) and general modernization to meet contemporary standards and efficiency.
A recent price reduction from $675,000 to $649,999 may suggest initial overpricing or a slower market response, potentially indicating a need for further negotiation.
***PRICE REDUCTION*** NATURE HAVEN ONE-OF-A KIND ESTATE PROPERTY TWO CHARMING HOMES ON NEARLY AN ACRE COMMUTER FRIENDLY MULTI-GENERATION RESIDENCE, RENTAL OR HOME-OFFICE USE Home for Sale - 23581 Lake Drive, Crestline CA 92325 - 4 beds, 3 baths A RARE GEM. First time on the market since 1956! This secluded estate property has two charming homes on nearly an acre of level usable, fenced property, and lots of parking. It’s a serene nature haven that’s less than 5 minutes to Lake Gregory and a great get-away for anyone seeking to escape from urban lifestyles. It’s a safe-haven for children to grow up in or for grandchildren to visit. There are two separate homes on the property: the main home features 3 bedrooms and 2 bathrooms, plus a formal dining room, living room and a bonus room with a fireplace, that can be a bedroom. The living room is cozy, with lots of windows that connect indoor and outdoor living. The country-kitchen is charming, includes a convenient laundry area and an adjacent sun room. Upstairs there are 3 bedrooms, (although you walk through a bedroom to reach the primary bedroom). The primary bedroom is spacious and has a full bathroom and walk-in closet. The second home is a charming single family residence, with a large adorable upstairs bedroom, one bathroom and a kitchen, with its own range and refrigerator. Between the two dwellings there is a magical courtyard patio. It’s a perfect place to relax, enjoy nature and entertain friends and family. The second home provides lots of use options which can include a multi-generation residence, guest stay-overs, rental or a home-based business or office. If you work off the mountain, this property is a commuter friendly location with easy access to commerce and shopping. One minute drive to Hwy 138, 5 minutes to Hwy 18, and 20 minutes to the 210. Easy access to the IE, Hesperia and Apple Valley. This property is a rare find with endless potential—and it’s ready for its next chapter.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 4.0 | 3.0 | 81% |
| Baths | 3.0 | 2.0 | 65% |
| Square foot | 2,868 | 1,352 | 95% |
| Lot Size | 35,195 | 7,000 | 96% |
| Price | $599.0K | $375.0K | 88% |
| Price per sq ft | $209 | $281 | 16% |
| Built year | 1925 | 1964 | 4% |
| HOA | $0 | $0 | 50% |
| Days on market | 257 | 162 | 68% |
May 14, 2026
$599,000
$649,999
-8% Price Drop
Initial Listing
Dec 5, 2025
$649,999
$675,000
-4% Price Drop
Initial Listing
Oct 2, 2025
$675,000
Initial Listing