23840 Zuger Dr, Crestline, CA 92325

Mountain Retreat with Flexible Living & Incredible Investment Potential Just a short walk to charming downtown Crestline and beautiful Lake Gregory, this unique three-level mountain home offers the perfect combination of peaceful living, versatile space, and outstanding income potential. Located on a quiet street lined with successful short-term rentals, this property is ideal as a primary residence, vacation home, or investment opportunity. Price reduced as a cosmetic fixer, needs a minor facelift to maximize investment or create the home space you love. The upper two levels feature their own private entrance, two spacious bedrooms, a full bathroom on the top floor, and a convenient half bath/laundry room on the main level. The open-concept living area boasts soaring cathedral ceilings, a stunning rock fireplace, and two private balconies with peaceful mountain views. The lower level has its own private entrance and private balcony, creating the perfect space for guests, extended family, a home office, game room, or rental opportunity. It also includes its own kitchen and can function as a large studio. A separating door allows the upper and lower living areas to be closed off for additional privacy. With county approval, the layout may offer potential for two separate living quarters. Property Features Three separate private entrances Two balconies on upper levels plus private balcony on lower level Two bedrooms upstairs 1.5 baths on upper levels Lower level with kitchen and private entrance Huge cathedral ceilings Large rock fireplace Custom stained-glass entry doors French doors leading to lower-level balcony Beautiful custom woodwork throughout Built-in curio cabinets Wood-framed double-pane insulated windows Tile flooring Ceiling fans Steel security doors Air conditioning Spacious closets Wide-open floor plans Major Updates Roof replaced approximately 5–6 years ago Water heater replaced approximately 5–6 years ago Heating system replaced approximately 5–6 years ago Outstanding Short-Term Rental Opportunity This location is highly desirable for vacation rentals, with successful short-term rentals throughout the neighborhood. Estimated short-term rental income is approximately $33,700 per year, based on 41% occupancy at an average nightly rate of $225. Average annual cleaning expenses are approximately $6,546 and are not included in the income estimate. Whether you’re looking for a spacious mountain retreat, a second home, or a buy-and-hold investment with strong rental potential, this property offers exceptional flexibility and value in one of Crestline’s most desirable locations.