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

764 Crestwood, Big Bear Lake, California 92315 home-pic-0

764 Crestwood

Big Bear Lake, California 92315

ACTIVE
CONDITION: GOOD
2Beds
2Baths
1,649Sq Ft
7,350Lot Size

Property Price

LIST PRICE$584,900
EST. MARKET VALUE
$625,938
6% BelowMARKET VALUE

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

$625,938 +$41,038 Equity Potential
Based on Realkey algorithm analyzing recent comparable sales in Big Bear Lake.

Comparable Sales Map

Comparables within 1 miles sold in recently

Address Sold Price BedsBathsSq Ft$/SqftDistance
764 Crestwood
Subject
$584,900*
List Price
221,649$380-
A
565 Golden West
Sold
$575,000421,432$4020.3 mi
B
41602 Mcwhinney Lane
Sold
$450,000331,260$3570.5 mi
C
841 Eureka Drive
Sold
$568,727321,649$3450.7 mi
D
657 Georgia Street
Sold
$585,000321,408$4150.8 mi
E
42668 Sonoma Drive
Sold
$639,900441,822$3510.9 mi
F
455 Crane Drive
Active Under Contract
$598,900
List Price
331,381$4340.6 mi

* Subject property listed price vs sold prices of comps.

Condition Analysis

OVERALL CONDITION SCORE

Good
TeardownExcellent

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

FeatureSubjectAverage HomeNeighborhood Ranking (50 Listings)
Beds2.03.0
25%
Baths2.02.0
50%
Square foot1,6491,716
49%
Lot Size7,3508,167
35%
Price$584.9K$647.0K
42%
Price per sq ft$355$392
33%
Built year19691977
35%
HOA$0$0
50%
Days on market10215
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

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