108 E Rainbow, Big Bear City, California 92314, Big Bear City, 92314 - 4 bed, 2 bath
Loading property details...
108 E Rainbow
Big Bear City, California 92314
ACTIVE
CONDITION: GOOD
4Beds
2Baths
1,260Sq Ft
6,250Lot Size
Property Price
LIST PRICE$499,000
EST. MARKET VALUE
$443,155
12% AboveMARKET VALUE
SUMMARY
This Turnkey Mountain Retreat represents a High-Potential Investment Opportunity, listed at $499,000—positioned above the $443,155 Fair Market Value. While priced for its proven rental performance, the property features a Condition Rating of 3 with significant recent upgrades, including a newer roof and HVAC. The 4-bedroom layout and expansive wraparound decks maximize guest capacity and outdoor appeal. This asset is ideal for Buy-and-Hold Investors seeking immediate rental income or Owner-Occupants looking for a move-in ready mountain escape with established income potential.
Estimated Market Value
$443,155
Based on Realkey algorithm analyzing recent comparable sales in Big Bear City.
Comparable Sales Map
Comparables within 1 miles sold in recently
Map unavailable.
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 108 E Rainbow Subject | $499,000* List Price | 4 | 2 | 1,260 | $352 | - |
A 336 E Aeroplane Boulevard Sold | $394,400 | 3 | 2 | 1,422 | $277 | 0.3 mi |
B 304 E Fairway Sold | $405,000 | 3 | 2 | 1,311 | $309 | 0.4 mi |
C 321 Hilltop Sold | $575,000 | 3 | 3 | 1,334 | $431 | 0.3 mi |
D 300 W North Shore Sold | $359,000 | 4 | 3 | 1,207 | $297 | 0.8 mi |
E 405 Sugarloaf Sold | $405,000 | 3 | 3 | 1,216 | $333 | 0.3 mi |
F 1109 Myrtle Sold | $379,888 | 3 | 2 | 1,250 | $304 | 0.9 mi |
G 817 E Barker Sold | $375,000 | 3 | 2 | 1,261 | $297 | 0.9 mi |
H 432 Gold Mountain Active | $449,900 List Price | 3 | 2 | 1,280 | $351 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Good
TeardownExcellent
Property is move-in ready.
While built in 1976, the property has undergone significant recent renovations including a newer roof, central heating system, and water heater. Interior updates such as new laminate flooring, fresh paint, and a renovated downstairs bathroom make this a well-maintained, move-in ready home that functions as a turnkey rental.
PROSSTRENGTHS & OPPORTUNITIES
- Turnkey Investment Potential
The property boasts a proven history of successful short-term rental income and features significant recent upgrades, including a newer roof, HVAC system, and flooring, making it ready for immediate occupancy or rental.
- Prime Outdoor Access
Ideally situated with direct access to public hiking trails and featuring expansive wraparound decks, the home offers a seamless indoor-outdoor living experience perfect for mountain recreation.
- High Guest Capacity
With four bedrooms and a long driveway accommodating up to five vehicles, the property is exceptionally well-suited for hosting large groups or multi-family vacation stays, a key driver for rental demand.
CONSRISKS & DEFICIENCIES
- MLS Listing Discrepancy
Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 4, other record bedroom count = 3.
- Limited Bathroom Ratio
Despite having four bedrooms, the home only provides 1.5 bathrooms, which may be a logistical drawback for high-occupancy groups and could impact its competitive positioning in the rental market.
- Aged Infrastructure
Built in 1976, the property may have underlying structural or utility components nearing the end of their functional lifespan, potentially requiring more maintenance than a newer build despite recent cosmetic updates.
About 108 E Rainbow
Perched high among the pines, this beautifully upgraded mountain home offers the perfect blend of privacy, stunning views, and investment potential. Whether you're searching for a full-time residence, weekend escape, or turnkey vacation rental, this exceptional property has it all. Offering 4 bedrooms and 1.5 bathrooms, the cabin has been thoughtfully updated while preserving its warm mountain charm. New laminate wood flooring flows throughout the home, complemented by fresh interior and exterior paint, a newer roof, newer water heater, newer fireplace, garbage disposal, downstairs bathroom, and central heating system. External tinted windows that mirror reflections throughout, provide enhanced privacy while still capturing the surrounding forest and mountain views. Wake up to peaceful mountain vistas from the primary suite, where enlarged windows and double French doors were added specifically to maximize the breathtaking scenery of wildlife and views from the comfort of your bed. Designed for indoor-outdoor mountain living, the expansive wraparound decks seamlessly extends into the backyard, creating the perfect space for entertaining, relaxing, or enjoying the peaceful surroundings. Just beyond the backyard, you'll find direct access to a beautiful public hiking trail that is primarily enjoyed by neighboring property owners, offering a tranquil outdoor experience right outside your door. During the winter months, the backyard transforms into your own snowy retreat, perfect for sledding, snow play, and year-round outdoor recreation. The long driveway accommodates up to about five vehicles, making it ideal for hosting family, friends, or vacation guests. Best of all, this property has a proven history of generating successful short-term rental income, with earnings that have consistently helped pay the mortgage, making it a smart investment and a beautiful place to escape to. Experience the best of mountain living where unforgettable memories, spectacular views, and exceptional income potential come together in one remarkable property.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1976
- Lot Size
- 6,250 Sq. Ft.
Interior
- Total Bedrooms
- 4
- Total Bathrooms
- 2 (2 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 |
|---|---|---|
| Beds | 4.0 | 3.0 |
| Baths | 2.0 | 2.0 |
| Square foot | 1,260 | 1,411.66 |
| Lot Size | 6,250 | 6,959.792 |
| Price | $499.0K | $431.2K |
| Price per sq ft | $396 | $327 |
| Built year | 1976 | 1991 |
| HOA | $0 | $200 |
| Days on market | 72 | 79 |
Pricing History
Listed for Sale
Jun 30, 2026
$499,000
Initial Listing
Price Change
Jun 29, 2026
$519,000
Initial Listing
Sold
Oct 13, 2020
$370,000
Public Record
Sold
Sep 12, 2019
$240,000
Public Record
Sold
Jan 26, 2017
$220,000
Public Record
Sold
Dec 18, 2002
$165,000
Public Record
Sold
Apr 11, 2002
$98,000
Public Record