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

1040 W Rainbow Boulevard, Big Bear City, California 92314 home-pic-0
ACTIVE$388,000
1040 W Rainbow Boulevard, Big Bear City, California 92314
2Beds
1Bath
840Sqft
5,000Lot

Price Vs. Estimate

The estimated value ($143,245.455) is $244,754.545 (63%) lower than the list price ($388,000). This property may be overpriced.

Key pros and cons

Top Pros:
Exceptional Location for Recreation: Nestled in the heart of Big Bear City, the property is just one block from Big Bear Snow Play, near hiking trails, Oktoberfest, ski resorts, Big Bear Lake, and The Village, offering unparalleled access to mountain activities.
Top Cons:
Compact Interior Footprint: At 840 sq ft, the property offers a relatively small interior living space, which might be a consideration for those seeking more expansive accommodations or larger groups.

Compared to the nearby listings

Price:$388.0K vs avg $415.0K ($-27,000)42%
Size:840 sqft vs avg 1,296 sqft20%
Price/sqft:$462 vs avg $35188%

More Insights

Built in 1965 (60 years old).
Condition: Built in 1965, the property is well-maintained and functional, currently operating as a successful vacation rental. However, the interior, particularly the kitchen with its dated appliances and pink sink, and the overall aesthetic (wood paneling, older carpeting), show significant signs of being outdated. While a 'newer composite deck' is noted, there's no evidence of extensive recent renovations to major interior components or systems, indicating that updates would be required for modern appeal.
Year Built
1965
Close
-
List price
$388K
Original List price
$388K
Price/Sqft
$462
HOA
-
Days on market
-
Sold On
-
MLS number
WS25119521
Home ConditionFair
Features
Good View: Neighborhood, Trees/Woods
Deck
ViewNeighborhood, Trees/Woods

About this home

Beautifully maintained and completely furnished cabin is the perfect blend of comfort, charm, and mountain living. Nestled in the heart of Big Bear City, this 840 sq ft single-family home, exudes rustic charm and offers a cozy retreat just one block from the popular Big Bear Snow Play area, near hiking trails, Oktoberfest festivities, and just a short drive from ski resorts, Big Bear Lake, and the Village, it offers endless opportunities for outdoor adventure and entertainment. Situated on a level, tree-lined 5,000 sq ft corner lot, the property boasts ample space for RV parking and outdoor activities. The attached garage has been thoughtfully converted into a bonus room, providing additional living space for guests or a home office. A newer composite deck invites you to relax and enjoy the serene mountain surroundings. Inside, the cabin features a warm and inviting interior with a functional layout, offering two bedrooms and one bathroom. The living area with a fireplace is perfect for unwinding after a day of adventure and cozy family gatherings. Currently a successful vacation rental, Airbnb denotes this home as a "Guest Favorite" after many 5-star reviews. Whether you’re looking for a full-time residence, a weekend getaway, or an investment property, this charming mountain escape is ready to welcome you!

Condition Rating
Fair
Built in 1965, the property is well-maintained and functional, currently operating as a successful vacation rental. However, the interior, particularly the kitchen with its dated appliances and pink sink, and the overall aesthetic (wood paneling, older carpeting), show significant signs of being outdated. While a 'newer composite deck' is noted, there's no evidence of extensive recent renovations to major interior components or systems, indicating that updates would be required for modern appeal.
Pros & Cons

Pros

Exceptional Location for Recreation: Nestled in the heart of Big Bear City, the property is just one block from Big Bear Snow Play, near hiking trails, Oktoberfest, ski resorts, Big Bear Lake, and The Village, offering unparalleled access to mountain activities.
Proven Income Potential & Turnkey: Currently a successful vacation rental and an Airbnb 'Guest Favorite' with many 5-star reviews, this fully furnished cabin offers immediate income generation and a ready-to-use setup.
Generous & Versatile Outdoor Space: Situated on a level, tree-lined 5,000 sq ft corner lot, it provides ample space for RV parking and outdoor activities, complemented by a newer composite deck for relaxation.
Added Functional Living Space: The attached garage has been thoughtfully converted into a bonus room, significantly expanding the usable living area for guests or a dedicated home office.
Charming & Well-Maintained Interior: The cabin is beautifully maintained, exudes rustic charm, and features a warm, inviting interior with a functional layout and a cozy fireplace, ideal for mountain living.

Cons

Compact Interior Footprint: At 840 sq ft, the property offers a relatively small interior living space, which might be a consideration for those seeking more expansive accommodations or larger groups.
Limited Bathroom Facilities: With only one bathroom for two bedrooms, convenience may be limited, especially for a vacation rental or when accommodating multiple guests.
Potential for Age-Related System Updates: Built in 1965, while described as well-maintained, the property may have older core systems (e.g., plumbing, electrical, heating) that could require future upgrades or maintenance not explicitly detailed as recent.

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