24066 Lakeview Drive, Crestline, California 92325, Crestline, 92325 - 2 bed, 2 bath
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Crestline, California 92325
This property presents a High-Potential Investment Opportunity with a List Price of $310,000—positioned well below the $356,426 Fair Market Value by 13%. This valuation gap offers $46,426 in Instant Equity for buyers prepared to address the Condition Rating of 5. Featuring scenic lake and mountain views and a spacious 2,272 sqft footprint, the home requires significant renovation to optimize its layout. This is a value-add asset ideal for Fix-and-Flip Investors or Contractors seeking a strategic mountain project.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 24066 Lakeview Drive Subject | $310,000* List Price | 2 | 2 | 2,272 | $157 | - |
A 690 Ca-138 Sold | $239,900 | 4 | 3 | 1,392 | $172 | 0.9 mi |
B 622 Heatherly Pending | $320,000 List Price | 3 | 2 | 2,012 | $159 | 0.4 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
Built in 1983 (41 years old) and explicitly marketed as an investor rehab project. While the kitchen features some newer stainless appliances, the property shows significant signs of neglect, including visible water damage and structural deterioration above the sliding glass door, dated popcorn ceilings, and original 1980s finishes throughout that require a full renovation.
Situated just minutes from Lake Gregory and local amenities, this property offers a highly desirable mountain retreat setting with easy access to outdoor recreation.
The home features impressive lake and mountain views, a premium feature that significantly enhances the property's long-term value and market appeal.
With over 2,200 square feet of living space and solid bones, there is substantial room to build equity through strategic renovations and modernization.
Living area discrepancy between mls listing and other public or private record. mls listing living area = 2272, other record living area = 1568.
Marketed as an investor opportunity, the property likely requires significant capital investment to address deferred maintenance and cosmetic updates.
The current configuration of only two bedrooms within a large 2,272 square foot footprint may require structural reconfiguration to optimize the layout for modern living.
Investor Opportunity! Located just minutes from Lake Gregory, this 2-bedroom, 2-bath, two-story mountain home is ready for a new owner to bring their vision and creativity. Property offers great potential for renovation and value-add improvements. Ideal for investors, vacation home buyers, or those seeking a mountain retreat. Conveniently located near shopping, dining, hiking trails, and outdoor recreation. With solid bones and a desirable location, this property presents an excellent opportunity to customize and build equity. Buyer to independently verify all property information.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 2.0 | 3.0 | 35% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 2,272 | 1,352 | 84% |
| Lot Size | 6,200 | 7,000 | 41% |
| Price | $310.0K | $370.0K | 25% |
| Price per sq ft | $136 | $281 | 2% |
| Built year | 1983 | 1965 | 70% |
| HOA | $0 | $0 | 50% |
| Days on market | 0 | 161 | 1% |
Jun 11, 2026
$310,000
Initial Listing
May 21, 2010
$160,000
Public Record