The Fox and Hunter shingle mill which operated from 1914 until 1923 further added to the number of winter residents. With no further milling operations after 1923, and employment in any phase of the forest industry coming to and end by 1927, Crescent Beach s permanent population declined markedly. This decline continued until in 1932-33 Crescent Park School was forced to close due to lack of students. The summer resident influx never failed despite local economic conditions. The improvement in roads generally, and the construction of the present Crescent Road in particular permitted road traffic to bring even greater numbers of summer tourists.
Crescent Beach remains important as a tourist focus.
The Crescent Beach Hotel burned down in 1949 and was not rebuilt. This did not deter the tourist-based community. Currently Crescent Beach has developed as a year-round residential community.