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

1040 W Rainbow
Big Bear City, California 92314
Property Price
SUMMARY
Estimated Market Value
Comparable Sales Map
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1040 W Rainbow Subject | $339,999* List Price | 2 | 1 | 840 | $367 | - |
A 416 W Mojave Sold | $335,000 | 2 | 1 | 806 | $416 | 0.7 mi |
B 913 W Rainbow Boulevard Sold | $360,000 | 2 | 1 | 894 | $403 | 0.1 mi |
C 1100 Sugarloaf Boulevard Sold | $305,000 | 2 | 1 | 630 | $484 | 0.1 mi |
D 320 W Fairway Boulevard Sold | $320,000 | 2 | 2 | 840 | $381 | 0.9 mi |
E 828 W Sherwood Boulevard Active | $365,000 List Price | 2 | 2 | 840 | $435 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
OVERALL CONDITION SCORE
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
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 2.0 | 3.0 | 33% |
| Baths | 1.0 | 2.0 | 23% |
| Square foot | 840 | 1,376 | 15% |
| Lot Size | 5,000 | 7,228 | 33% |
| Price | $340.0K | $426.2K | 25% |
| Price per sq ft | $405 | $337 | 79% |
| Built year | 1965 | 1979 | 19% |
| HOA | $0 | $0 | 50% |
| Days on market | 60 | 220 | 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































