301 W Rainbow, Big Bear City, California 92314, Big Bear City, 92314 - 4 bed, 2 bath
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Big Bear City, California 92314
This property presents a High-Potential Investment Opportunity with a List Price of $365,000—positioned well above the $317,764 Fair Market Value by -14%. While the home features recent interior updates including a refreshed kitchen and updated bathroom, it maintains a Condition Rating of 4, indicating a need for further modernization. The third-floor loft and garage bonus room provide versatile space for rental or lifestyle use. This property is an ideal acquisition for Buy-and-Hold Investors or first-time buyers seeking a value-add mountain project.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 301 W Rainbow Subject | $359,900* List Price | 4 | 2 | 1,064 | $301 | - |
A 802 Robinhood Boulevard Sold | $351,750 | 3 | 1 | 1,062 | $331 | 0.6 mi |
B 432 Maltby Boulevard Sold | $259,000 | 3 | 1 | 900 | $288 | 0.8 mi |
C 1037 W Rainbow Boulevard Sold | $335,000 | 2 | 1 | 952 | $352 | 0.9 mi |
D 323 W Fairway Boulevard Active | $269,000 List Price | 2 | 1 | 845 | $318 | 0.3 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1968, the home is over 50 years old but avoids 'tear-down' status due to recent surface updates including new kitchen countertops, one updated bathroom, and new upstairs carpet. However, the property remains largely dated with original wood paneling, older cabinetry, and 'serious upside' potential, indicating a need for further modernization of systems and finishes.
The home features a recently updated downstairs bathroom, brand new carpeting upstairs, and refreshed kitchen countertops, providing immediate value and reducing initial renovation needs.
The inclusion of a third-floor loft and a garage bonus room offers significant flexibility for extra sleeping quarters, a home office, or a dedicated workshop area.
Situated just minutes from the lake, shopping, and local restaurants, this property offers excellent convenience for both vacationers and full-time residents.
Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 4, other record bedroom count = 2.
With four bedrooms distributed across only 1,064 square feet, the individual living spaces and bedrooms are likely quite small, which may feel cramped for larger groups.
The 2,500 square foot lot is relatively small for a mountain property, offering minimal yard space and limited privacy from neighboring homes.
Charming mountain home with serious upside. Just minutes from the lake, shopping, and local restaurants, this one checks the boxes for both convenience and getaway vibes. The downstairs bathroom has been recently updated, and you’ll find brand new carpet upstairs. Two cozy fireplaces anchor the living spaces, while a skylight on the second level brings in natural light. There’s also a third-floor loft—perfect for a kids’ hangout, game room, or extra sleeping space. The kitchen has been refreshed with new countertops, and the garage offers a bonus room ideal for projects, storage, or a weekend workshop setup. Whether you're looking for a weekend escape or a place to start building roots, this home delivers. Mountain living starts here. ___________________________________________________________________
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 4.0 | 3.0 | 77% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 1,064 | 1,445 | 24% |
| Lot Size | 2,500 | 7,298 | 9% |
| Price | $359.9K | $430.2K | 25% |
| Price per sq ft | $338 | $321 | 64% |
| Built year | 1968 | 1979 | 21% |
| HOA | $0 | $0 | 50% |
| Days on market | 0 | 223 | 1% |
Jun 3, 2026
$359,900
$365,000
-1% Price Drop
Initial Listing
May 6, 2026
$365,000
Initial Listing
Nov 4, 2020
$240,500
Public Record