
Crestline, California 92325
This Single Family Residence presents a High-Potential Investment Opportunity with a List Price of $479,900—positioned well below the $497,877 Fair Market Value by 3%. This valuation gap offers $17,977 in Instant Equity. Featuring a Condition Rating of 3, the home includes a Granite Kitchen and Dual Primary Suites. The expansive 15,089 sqft lot provides significant development potential for an ADU. This property is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking a lakeview lifestyle.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 24288 Zurich Drive Subject | $479,900* List Price | 3 | 3 | 1,657 | $300 | - |
A 24674 Lake Sold | $586,000 | 3 | 2 | 1,605 | $365 | 0.5 mi |
B 24256 Altdorf Sold | $429,000 | 4 | 3 | 1,550 | $277 | 0.5 mi |
C 24571 Geneva Sold | $600,000 | 3 | 3 | 1,822 | $329 | 0.7 mi |
D 23919 Inspiration Sold | $420,000 | 3 | 2 | 1,434 | $293 | 0.7 mi |
E 726 Arth Drive Sold | $471,111 | 3 | 2 | 1,501 | $314 | 0.8 mi |
F 23959 Lakeview Drive Sold | $489,000 | 3 | 3 | 1,622 | $301 | 0.7 mi |
G 23723 Hillside Sold | $360,000 | 3 | 3 | 1,329 | $271 | 0.7 mi |
H 23720 Hillside Sold | $345,000 | 2 | 3 | 1,050 | $329 | 0.7 mi |
I 24083 Cresta Drive Active | $424,999 List Price | 4 | 3 | 1,972 | $216 | 0.5 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
Although built in 1961, the property has undergone significant renovations likely within the last 5-15 years. The kitchen is modernized with granite countertops and stainless steel appliances, and the bathrooms feature updated fixtures including a steam shower and spa tub. The interior shows well-maintained finishes, recessed lighting, and updated flooring, making it move-in ready.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 15089, living area = 1657.
Situated just one home back from Lake Gregory, the property offers stunning panoramic lake and mountain views with immediate access to trails and Crestline Village shopping and dining.
The sale includes an additional contiguous lot totaling over 15,000 sqft of land, providing a rare opportunity to build an ADU, a second home, or expand the existing structure.
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =15089, other record lot size in square feet = 7700.
Built in 1961, the home may have underlying aged systems or structural elements that require more maintenance than a modern build, despite recent cosmetic updates.
With four bedrooms and four bathrooms configured within 1,657 square feet, the individual room sizes and common living areas may feel compact for larger families or groups.
Gorgeous updated San Mortiz area LAKEVIEW home on 2 large (over 15,000 SQ FT of land) lots set just one home back from lovely Lake Gregory! Located just around the corner from the lake, access trails and downtown Crestline Village shopping, dining and entertainment. Ideal open floorplan including remodeled kitchen with granite countertops, stainless steel appliances, breakfast bar plus large living room with dual French doors overlooking the lovely lakeviews. Spacious 3 bedroom, 3 bath with dual primary suites. The main level primary suite has direct French door access out to the large party deck with gazebo & relaxing spa/hot tub. The lower level primary suite includes a spa tub, separate steam shower plus large walk in closet. Ideal spot to sit back and enjoy our annual 4th of July firework show or just watch the sun shimmering on the lake as the sun sets. Property is sunny and South facing with numerous fruit trees and lots of lush greenery. With the additional contiguous lot that is included in the sale, there is plenty of space to add on, build an ADU or build another home! This home is packed with value, gorgeous lakeviews, a prime location and the future potential with the addition lot included. Don't miss this amazing opportunity, make your offer today!
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 3.0 |
| Baths | 3.0 | 2.0 |
| Square foot | 1,657 | 1,278.077 |
| Lot Size | 15,089 | 6,910.923 |
| Price | $479.9K | $363.9K |
| Price per sq ft | $290 | $276 |
| Built year | 1961 | 1964 |
| HOA | $0 | $250 |
| Days on market | 13 | 72 |
Aug 27, 2026
$479,900
Initial Listing
Jun 13, 2013
$220,000
Public Record
Apr 2, 2012
$22,000
Public Record
Mar 5, 2012
$82,000
Public Record
Apr 18, 2003
$145,000
Public Record