1040 W Rainbow, Big Bear City, California 92314, Big Bear City, 92314 - 2 bed, 1 bath

1040 W Rainbow, Big Bear City, California 92314 home-pic-0

1040 W Rainbow

Big Bear City, California 92314

ACTIVE
CONDITION: FAIR
2Beds
1Baths
840Sq Ft
5,000Lot Size

Property Price

LIST PRICE$339,999
EST. MARKET VALUE
$308,682
10% AboveMARKET VALUE

SUMMARY

Estimated Market Value

$308,682
Based on Realkey algorithm analyzing recent comparable sales in Big Bear City.

Comparable Sales Map

Comparables within 1 miles sold in recently

Address Sold Price BedsBathsSq Ft$/SqftDistance
1040 W Rainbow
Subject
$339,999*
List Price
21840$367-
A
416 W Mojave
Sold
$335,00021806$4160.7 mi
B
913 W Rainbow Boulevard
Sold
$360,00021894$4030.1 mi
C
1100 Sugarloaf Boulevard
Sold
$305,00021630$4840.1 mi
D
320 W Fairway Boulevard
Sold
$320,00022840$3810.9 mi
E
828 W Sherwood Boulevard
Active
$365,000
List Price
22840$4350.2 mi

* Subject property listed price vs sold prices of comps.

Condition Analysis

OVERALL CONDITION SCORE

Fair
TeardownExcellent

Property is moderate renovation needed.

The property, built in 1965, shows signs of age but has been maintained. The kitchen features older appliances and cabinetry, and the bathroom appears functional but dated. While the home is described as 'lovingly cared for' and in 'great condition,' the images suggest it would benefit from modernization to meet current standards. The flooring, light fixtures, and overall style point towards a property that is livable but requires updates rather than a full renovation. The heating system is present, but central cooling is not mentioned, which is a common consideration for properties of this age and location. The electrical devices appear standard for the era. Overall, it aligns with the 'fair' category due to its age and the need for cosmetic and potentially some system updates.

PROSSTRENGTHS & OPPORTUNITIES

  • Prime Location

    Centrally located in Big Bear City, offering convenient access to the Convention Center, snow play areas, the lake, Village, dining, shopping, and ski resorts, ideal for year-round recreation.

  • Versatile Bonus Room

    Detached garage converted into a built-out bonus room provides flexible space for a home office, hobby room, or extra sleeping quarters, adding significant value.

  • Charming Mountain Aesthetic

    Features classic mountain charm with a warm and welcoming atmosphere, creating an inviting ambiance for residents and guests.

CONSRISKS & DEFICIENCIES

  • Limited Bathrooms

    Only one bathroom may present a challenge for larger households or frequent guests.

  • Original Condition

    While lovingly cared for, the property offers a solid foundation for personalization and updates, implying potential for modernization needed by the next owner.

  • No Central Cooling

    The description does not mention a central cooling system, which could be a consideration for comfort during warmer months in Big Bear.

About 1040 W Rainbow

Welcome to this charming Big Bear City retreat, perfectly positioned in a quiet, centrally located neighborhood that offers both peace and convenience. Situated near the Big Bear Convention Center and popular snow play areas, this home provides easy access to year-round recreation while remaining just a short drive from the lake, the Village, local dining, shopping, and the ski resorts. This single-story home features two comfortable bedrooms and one well-maintained bathroom, making it an ideal first-time buyer opportunity, weekend getaway, or investment property. The interior has been lovingly cared for and remains in great condition, offering a solid foundation for the next owner to personalize and update over time. Its classic mountain charm creates a warm and welcoming atmosphere from the moment you step inside. Set on a spacious corner lot, the property offers excellent outdoor space and added privacy. A detached garage converted with a built-out bonus room, providing valuable flexibility—perfect for a home office, hobby space, workout room, or overflow sleeping area. This additional space adds versatility rarely found at this price point. Whether you’re looking for a full-time residence or a mountain escape, this home checks all the boxes: location, condition, charm, and potential. Ready to enjoy now and ready to grow with you, this property is a wonderful opportunity to own in Big Bear City and make it your own.

Property Details

Public Facts

Property Type
Single Family Residence
Year Built
1965
Lot Size
5,000 Sq. Ft.

Interior

Total Bedrooms
2
Total Bathrooms
1 (1 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
33%
Baths1.02.0
23%
Square foot8401,376
15%
Lot Size5,0007,228
33%
Price$340.0K$426.2K
25%
Price per sq ft$405$337
79%
Built year19651979
19%
HOA$0$0
50%
Days on market60220
2%

Pricing History

Listed for Sale

Feb 10, 2026

$339,999

$349,999

-3% Price Drop

Initial Listing

Price Change

Jan 6, 2026

$349,999

Initial Listing

Sold

Feb 18, 2014

$132,500

Public Record

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