764 Crestwood, Big Bear Lake, California 92315, Big Bear Lake, 92315 - 2 bed, 2 bath

764 Crestwood
Big Bear Lake, California 92315
Property Price
SUMMARY
Analysis of 764 Crestwood, Big Bear Lake, California 92315 reveals a Prime Investment Opportunity with a current list price of $584,900—significantly undercutting the $625,938 Fair Market Value by 6%. This valuation gap indicates a +$41,038 Instant Equity potential for buyers. The property maintains a Good Condition Rating (78/100), reflecting solid structural condition with well-maintained systems. The property presents an attractive opportunity for buyers seeking a move-in ready home. Located in a high-demand neighborhood within the Big Bear Lake Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for both Buy-and-Hold Investors and Owner-Occupants willing to undertake light renovation work.
Estimated Market Value
Comparable Sales Map
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 764 Crestwood Subject | $584,900* List Price | 2 | 2 | 1,649 | $380 | - |
A 565 Golden West Sold | $575,000 | 4 | 2 | 1,432 | $402 | 0.3 mi |
B 41602 Mcwhinney Lane Sold | $450,000 | 3 | 3 | 1,260 | $357 | 0.5 mi |
C 841 Eureka Drive Sold | $568,727 | 3 | 2 | 1,649 | $345 | 0.7 mi |
D 657 Georgia Street Sold | $585,000 | 3 | 2 | 1,408 | $415 | 0.8 mi |
E 42668 Sonoma Drive Sold | $639,900 | 4 | 4 | 1,822 | $351 | 0.9 mi |
F 455 Crane Drive Active Under Contract | $598,900 List Price | 3 | 3 | 1,381 | $434 | 0.6 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
OVERALL CONDITION SCORE
Property is move-in ready.
The property is a well-maintained 1969 A-frame that has undergone significant updates, making it move-in ready. The kitchen features granite countertops and stainless steel appliances, and the flooring has been updated with wood-grain laminate and newer carpeting. Bathrooms appear updated with modern vanities and dual sinks. While the structure is older, the interior finishes, fixtures, and exterior improvements like the paver driveway and hot tub indicate consistent upkeep and renovation within the last 5 to 15 years.
PROSSTRENGTHS & OPPORTUNITIES
- High Available Lot Utilization
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 7350, living area = 1649.
- Prime Resort Proximity
The property is within walking distance to Snow Summit, offering exceptional convenience for skiing and mountain biking, which significantly enhances its value as a vacation rental or second home.
- Extensive Parking and Storage
A large paver driveway provides rare off-street parking for over six vehicles, including dedicated space for a boat or RV, addressing a common pain point in mountain communities.
CONSRISKS & DEFICIENCIES
- MLS Listing Discrepancy
Living area discrepancy between mls listing and other public or private record. mls listing living area = 1649, other record living area = 1044.
- Converted Garage
The two-car garage is currently utilized as a game room; while a benefit for entertainment, the lack of enclosed vehicle storage can be a drawback during heavy winter snowfalls.
- Limited Formal Bedrooms
With only two official bedrooms, the property may see restricted appeal for buyers requiring traditional three-bedroom layouts or facing specific financing appraisal requirements.
About 764 Crestwood
Walk to Snow Summit from this fantastic Modified A-Frame home ~ Inside you are greeted by a soaring tongue and groove ceiling in the living room with a native stone wood burning fireplace ~ Wood grain laminate flooring runs throughout the home except in the bedrooms where you have comfy carpet ~ The main level consists of the living room with a large dining area, the kitchen with granite counter tops and plenty of cabinets, storage areas, and a full bathroom ~ Through the kitchen you cross the indoor laundry area into the attached 2 car garage ~ Currently the garage is being used as a large game room with a built in bar ~ Upstairs you have a large loft with a closet that overlooks the living room and could be used as your 3rd bedroom ~ Through the loft there is a bonus sleeping nook with a bunkbed set up ~ This is where you find the second full bathroom with dual sinks ~ You have both bedrooms upstairs as well with the West facing bedroom having its own balcony deck that gives access down to the yard ~ Out back you have your above ground hot tub, ideal for unwinding after a long day on the slopes ~ The large paver driveway has room for 6 plus vehicles, boat or RV parking ~ Imagine not having to worry about parking for the slopes, being able to walk home for a lunch break and then a five minute walk back to the mountain for afternoon fun ~ Whether you are a winter sports family or summertime outdoor enthusiasts, this is a prime location with room for all your loved ones to spend quality time together under one roof!
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1969
- Lot Size
- 7,350 Sq. Ft.
Interior
- Total Bedrooms
- 2
- Total Bathrooms
- 2 (2 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 2.0 | 3.0 | 25% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 1,649 | 1,716 | 49% |
| Lot Size | 7,350 | 8,167 | 35% |
| Price | $584.9K | $647.0K | 42% |
| Price per sq ft | $355 | $392 | 33% |
| Built year | 1969 | 1977 | 35% |
| HOA | $0 | $0 | 50% |
| Days on market | 10 | 215 | 1% |
Pricing History
Listed for Sale
Feb 25, 2026
$584,900
Initial Listing
Sold
Sep 23, 2020
$523,000
Public Record
Sold
Apr 9, 2014
$277,000
Public Record
Sold
Jan 21, 2009
$260,000
Public Record
Sold
Dec 7, 2004
$307,000
Public Record

















































