
Crestline, California 92325
This property presents a High-Potential Investment Opportunity with a List Price of $369,000—positioned well below the $368,486 Fair Market Value (effectively at market). While the home has a Condition Rating of 4, the three-level layout with ADU-like potential and a large deck with mountain views offers significant upside for forced appreciation. The property features a newer roof and water heater, providing a solid foundation for cosmetic updates. This is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants looking to build equity in a prime Crestline location.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 23840 Zuger Drive Subject | $369,000* List Price | 3 | 3 | 1,568 | $235 | - |
A 482 Zuger Court Sold | $349,000 | 3 | 2 | 1,292 | $270 | 0.0 mi |
B 677 Rocky Sold | $290,000 | 4 | 2 | 1,396 | $208 | 0.4 mi |
C 23807 Wildwood Sold | $280,000 | 2 | 1 | 1,032 | $271 | 0.3 mi |
D 23686 Scenic Sold | $300,000 | 2 | 1 | 1,088 | $276 | 0.5 mi |
E 402 Delle Drive Sold | $325,000 | 3 | 3 | 1,798 | $181 | 1.0 mi |
F 23771 Zuger Dr Active | $409,500 List Price | 3 | 2 | 1,872 | $219 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1989 (37 years old), the property features original wood paneling, dated cabinetry, and worn carpeting that require cosmetic updates. While the roof and water heater are newer (approx. 5 years), the kitchen and bathrooms are functional but significantly dated, fitting the criteria for a property over 20 years old needing minor repairs and modernization.
The three-level layout includes a lower level with a private entrance and space for a potential kitchen, offering excellent versatility for rental income, a guest suite, or multi-generational living.
Ideally situated within walking distance to downtown shops and minutes from Lake Gregory, the property provides a quintessential mountain lifestyle with panoramic views from an expansive deck.
Priced below its potential with a newer roof and water heater, this home offers 'good bones' for an investor or owner-occupant to build significant equity through cosmetic updates.
Living area discrepancy between mls listing and other public or private record. mls listing living area = 1568, other record living area = 2000.
The property is explicitly noted as needing cosmetic updates, which will require immediate additional capital and effort from the buyer to modernize the living spaces.
The local elementary school carries a rating of 3 out of 10, which may be a drawback for families with young children prioritizing high-performing school districts.
Discover the potential of this charming three-level mountain home in Crestline, ideally located just minutes from Lake Gregory and within easy walking distance of downtown shops and restaurants. This property is priced below its potential and ready for cosmetic updates, offering an excellent opportunity for an owner-occupant, vacation home, or investor looking to add value. The home has good bones, a newer roof and a newer water heater (approximately 5 years old). The Layout Main Level: The heart of the home features a spacious kitchen, private entrance, half bath, and an open living area with cathedral ceilings and a beautiful stone fireplace. Large windows bring in the mountain setting, while the expansive deck provides beautiful mountain views and an ideal space for relaxing or entertaining. Top Level: The loft-style upper level features two bedrooms and another bathroom. The open design overlooks the main living area, creating a spacious, airy feel while maintaining separation between the living and sleeping spaces. Lower Level: The bottom level offers a large private suite with its own entrance, creating tremendous flexibility. An additional space on this level has potential for a kitchen, making it possible to create separate living quarters or an ADU-like setup, subject to buyer verification and applicable permits. The private entrance adds even more potential for guests, extended family, or rental use. Location Crestline offers the quintessential Southern California mountain-town lifestyle, with towering trees, fresh mountain air, hiking, dining and easy access to Lake Gregory. • A few minutes' walk to downtown shops and restaurants • Approximately 5 minutes to Lake Gregory • Beautiful mountain setting and views • Peaceful mountain-town atmosphere • Three spacious levels with flexible living arrangements • Stone fireplace and cathedral ceilings • Large deck with mountain views • Multiple private entrances • Cosmetic updating opportunity • Newer roof and water heater, approximately 5 years old Opportunity Whether you're looking for a mountain getaway, full-time residence, vacation property or an investment opportunity, 23840 Zuger Drive offers the space, location and flexibility to create something special. Priced to reflect the opportunity — bring your vision and make this Crestline mountain home your own.
No exterior & parking available.
Grades K-5 • 1.3 mi
Grades 6-8 • 4.2 mi
Grades K-8 • 4.3 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 3.0 |
| Baths | 3.0 | 2.0 |
| Square foot | 1,568 | 1,278.077 |
| Lot Size | 4,800 | 6,910.923 |
| Price | $369.0K | $363.9K |
| Price per sq ft | $235 | $276 |
| Built year | 1989 | 1964 |
| HOA | $0 | $250 |
| Days on market | 29 | 72 |
Aug 11, 2026
$369,000
Initial Listing
Jan 25, 2000
$97,000
Public Record
Oct 10, 1997
$114,000
Public Record