
Crestline, California 92325
This Modernized Mid-Century Mountain Retreat is a Prime Investment Opportunity listed at $498,000—positioned well below the $518,483 Fair Market Value by 3%. This valuation gap offers $20,483 in Instant Equity. Boasting a Top-Tier Condition Rating from a 2021 renovation, the home includes a 100-inch 4K projector, luxury soaking tub, and rare level entry parking. Currently a successful turnkey Airbnb near Lake Gregory, this asset is ideal for Buy-and-Hold Investors or Owner-Occupants seeking a high-end mountain sanctuary.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 24310 Altdorf Drive Subject | $498,000* List Price | 3 | 2 | 1,552 | $334 | - |
A 24154 Bernard Sold | $369,405 | 3 | 3 | 1,596 | $231 | 0.2 mi |
B 1053 Lausanne Drive Sold | $431,000 | 3 | 3 | 1,644 | $262 | 0.2 mi |
C 328 Wylerhorn Drive Sold | $475,000 | 3 | 2 | 1,507 | $315 | 0.7 mi |
D 441 Zermatt Drive Sold | $515,000 | 3 | 2 | 1,236 | $417 | 0.6 mi |
E 646 Arth Drive Sold | $360,000 | 3 | 2 | 1,096 | $328 | 0.7 mi |
F 999 Mercury Way Active | $545,000 List Price | 4 | 4 | 1,780 | $306 | 0.6 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
While originally built in 1974, this property underwent an extensive renovation in 2021, placing it within the 5-year window for top-tier condition. The kitchen is fully modernized with high-end stainless steel appliances, a farmhouse sink, and quartz countertops. The interior features updated wood-look flooring, contemporary light fixtures, and a luxury bathroom with a soaking tub. With a newly renovated deck and high-tech features like a 100-inch 4K projector system, the home is in turnkey condition with no visible deferred maintenance.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 8670, living area = 1552.
Renovated in 2021 and offered fully furnished, this property is a proven, highly-rated Airbnb, providing an immediate revenue stream or a seamless move-in experience for a second-home buyer.
The home features a rare level entry and expansive parking capacity for multiple vehicles, including space for a boat or camper, which is a significant and sought-after advantage in mountain terrain.
Living area discrepancy between mls listing and other public or private record. mls listing living area = 1552, other record living area = 1605.
While aesthetically updated in 2021, the 1974 construction may involve aging core systems and insulation standards typical of its era that require more maintenance than a newer build.
The assigned elementary school has a lower performance rating, which may limit the property's appeal to full-time residents with school-aged children compared to its appeal as a vacation rental.
Experience elevated mountain living in this fully furnished Mid-Century modern retreat, tucked away among towering pines and cedars. Ideally located just moments from local shops, dining, dog parks, and the scenic shores of Lake Gregory, this home offers the perfect balance of convenience and natural beauty. Lake Gregory is a true hidden gem ideal for swimming, boating, and enjoying its popular inflatable water park. Surrounded by forested tranquility, it provides a refreshing escape year-round. In every season, Crestline offers endless recreation, with easy access to nearby hiking trails and a short drive to Big Bear's renowned ski slopes. Built in 1974 and set in the historic San Moritz neighborhood, this three-story chalet has been thoughtfully renovated to blend modern luxury with its original architectural charm. The result is a warm, stylish space that honors its mid-century roots while offering today's comforts. Currently operating as a highly rated and sought after Airbnb, the home is a proven a guest favorite. Features include multiple parking spaces with rare level entry perfect for accommodating extra vehicles, possibly even a boat or camper. Inside, unwind in the soaking tub after a day on the slopes, gather around the fireplace for cozy evenings, or enjoy movie nights on the oversized sofa with a 100" 4K projector and surround sound system. Step outside to the newly renovated deck ideal for grilling and dining under the trees after a day at the lake. Perched on Altdorf Drive, this property offers exceptional privacy and a peaceful setting just a short drive from Los Angeles. Renovated in 2021, it's truly move-in ready and designed for both relaxation and entertaining.Whether you're searching for a serene personal retreat or a turnkey investment opportunity, this one-of-a-kind mountain home delivers. Schedule your showing today and discover its charm for yourself.
No exterior & parking available.
Grades K-5 • 2.0 mi
Grades K-8 • 3.8 mi
Grades 6-8 • 3.9 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 3.0 | 50% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 1,552 | 1,376 | 61% |
| Lot Size | 8,670 | 6,750 | 69% |
| Price | $498.0K | $365.0K | 80% |
| Price per sq ft | $321 | $268 | 74% |
| Built year | 1974 | 1965 | 57% |
| HOA | $0 | $0 | 50% |
| Days on market | 34 | 210 | 1% |
Mar 19, 2026
$498,000
Initial Listing
May 25, 2021
$530,000
Public Record
Sep 23, 2019
$275,000
Public Record
Jul 9, 2002
$100,000
Public Record