432 Thousand Pines Rd
About This Property
Welcome to 432 Thousand Pines Rd-an inviting, recently refreshed 4-bedroom, 3-full-bath mountain lodge offering 2,378 sq ft of living space plus the rare inclusion of the adjacent 4,800 sq ft parcel at 1000 Pine Dr (APN 0338-123-22-0000), valued at 40K, creating an expansive 0.35-acre (15,310 sq ft) three-lot compound in most desirable, sunny side Crestline's Lake Gregory North Shore neighborhood, well-positioned near the camp with over 100 acre of forest!
Cross the convenient street-level entry bridge from your 2-car garage into a dramatic, sun-filled main level featuring soaring vaulted ceilings, exposed timber beams, plantation shutters, and newly refreshed wood-style flooring. The spacious great room is anchored by a floor-to-ceiling native river-rock fireplace and a built-in wet bar, flowing effortlessly onto a massive 23'10" x 19'5" entertaining deck surrounded by mature pines. The bright kitchen offers stainless steel appliances, generous cabinetry, an octangular dining room framed by treetop views, and a dedicated main-level laundry room. A desirable main-floor bedroom and full bathroom provide ideal flexibility for guests, a home office, or single-level living.
Upstairs, the vaulted primary suite serves as a private treehouse sanctuary complete with a spacious en-suite bath and three separate private balconies. Two additional well-sized bedrooms and a third full bathroom complete the upper level, providing plenty of room for family, guests, or high-performing vacation rental hosting. Property is fully fenced for dog owners. Two private ramps offer convenient parking spots for up to 10 cars. With public water, public sewer, central heat, a 2-car garage with extra storage, and the included adjacent lot offering permanent forest privacy or future expansion potential, this turnkey mountain retreat is just minutes from Lake Gregory Regional Park, lakeside trails, Goodwin & Sons Market, and Highway 18 commuter access!
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Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
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Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
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Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
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Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Oct 24, 2026 | Listed by Titus Realty, Inc. | $669,000 | |
| Listed by Titus Realty, Inc. | |||
| Jul 24, 2021 | No longer available | - | |
| No longer available | |||
| Jul 13, 2021 | Price Decreased |
$625,000
↓ $70K
(10.1%) | |
| Price Decreased | |||
| Jun 12, 2021 | Listed by Lakeview Realty Enterprises, Inc | $695,000 | |
| Listed by Lakeview Realty Enterprises, Inc | |||
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Stunning architecturally unique 4 bedroom, 3 bath family home with serene lakeviews conveniently located in the popular San Moritz area of Crestline with beautiful Lake Gregory nearby! Great feeling of privacy with a lush private woodsy setting on 3 large lots totaling (approx. 15,310 SQ FT) over 1/3 acre. Light, open and airy floor plan with custom detailed woodwork throughout, large geometrically shaped windows and several decks with lakeviews. Spacious master suite with dramatic tongue & groove cedar ceiling, large en suite master bathroom and private view deck. The spacious living room features a gorgeous rock fireplace plus custom local pine milled wood slab wet bar, ideal for entertaining and flows out to a large private party deck with distant views. Tons of parking including upper driveway with large carport plus a lower driveway with ample parking and a large two car garage with bonus storage workshop area. Opportunity knocks...make your offer today! The manager has listed the unit size as 2378 square feet.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017