524 W Rainbow Boulevard, Big Bear, California 92314, Big Bear, 92314 - 2 bed, 2 bath
524 W Rainbow Boulevard
Big Bear, California 92314
Property Price
SUMMARY
Analysis of 524 W Rainbow Boulevard, Big Bear, California 92314 reveals a property with a current list price of $390,000, which is 8% above the estimated $356,153 Fair Market Value. Buyers should carefully evaluate the pricing and consider negotiation opportunities. The property maintains a Fair Condition Rating (50/100), suggesting the property is in acceptable condition with potential for value enhancement through selective updates and improvements. Located in a high-demand neighborhood within the Big Bear Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for both Buy-and-Hold Investors and Owner-Occupants willing to undertake light renovation work.
Estimated Market Value
Comparable Sales Map
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 524 W Rainbow Boulevard Subject | $390,000* List Price | 2 | 2 | 1,058 | $337 | - |
A 802 Robinhood Boulevard Sold | $351,750 | 3 | 1 | 1,062 | $331 | 0.5 mi |
B 131 W Mojave Boulevard Active | $330,000 List Price | 2 | 1 | 1,052 | $314 | 0.3 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
OVERALL CONDITION SCORE
Property is moderate renovation needed.
Built in 1982, this property is well-maintained and functional but shows significant signs of age and outdated styles. While the kitchen benefits from updated stainless steel appliances and granite countertops, the wood cabinets and overall aesthetic remain dated. Both bathrooms feature very dated fixtures and styles, including a high-tank toilet and an older shower enclosure. The extensive wood paneling throughout the living areas and some bedrooms, along with older light fixtures, contributes to a rustic but largely outdated interior. The property is livable but would require substantial cosmetic updates to meet current quality standards and modern tastes.
PROSSTRENGTHS & OPPORTUNITIES
- Prime Mountain Location
The property boasts an excellent location, just minutes from Big Bear Lake, The Village, and major ski resorts (Bear Mountain, Snow Summit), making it highly desirable for year-round recreational activities.
- Turnkey & Income Potential
Being sold fully furnished, this home is ready for immediate use as a vacation retreat, investment property, or a hassle-free year-round residence.
- Versatile Unfinished Bonus Space
An unfinished bonus space with potential exterior access offers flexibility for future customization, additional storage, or expansion, adding potential value.
CONSRISKS & DEFICIENCIES
- Older Construction
Built in 1982, the property may feature aging systems or require updates to meet contemporary standards and aesthetics, potentially leading to future maintenance expenses.
- Limited Living Space
With 1058 square feet, the home offers relatively compact living areas, which might be a constraint for buyers seeking more spacious accommodations or those with larger families.
- Small Lot Size
The 2500 sqft lot is modest for a mountain property, potentially limiting extensive outdoor recreational space, privacy, or future expansion possibilities compared to other homes in the area.
About 524 W Rainbow Boulevard
This charming woodsy home is tucked away in a quiet neighborhood, offering the perfect balance of peaceful mountain living and convenient access to everything Big Bear has to offer. Just minutes from Big Bear Lake and The Village, and less than four miles from Bear Mountain and Snow Summit ski resorts, the location is ideal for year-round enjoyment. This 2-bedroom, 2-bath home features two comfortable sleeping areas, with a bathroom on each level for added convenience. The home is being sold fully furnished, making it an excellent vacation retreat, investment property, or year-round residence for those working full-time or remotely from home. The fully fenced backyard is perfect for pets, and the unfinished bonus space, with possible exterior access and offers flexibility for storage or future use. Relax on your front porch and take in the gorgeous surrounding landscape, where nature and tranquility set the tone for everyday living. Big Bear Lake is Southern California's premier four-season mountain lake escape and one of the world's rare Sky Island Forests. Located in the heart of Southern California, it is the jewel of the San Bernardino National Forest, known for excellent fishing, snow sports, hiking, mountain biking, and a vibrant theater, visual arts, and music scene.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1982
- Lot Size
- 2,500 Sq. Ft.
Interior
- Total Bedrooms
- 2
- 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 | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 2.0 | 3.0 | 33% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 1,058 | 1,376 | 28% |
| Lot Size | 2,500 | 7,228 | 8% |
| Price | $390.0K | $426.2K | 39% |
| Price per sq ft | $369 | $337 | 63% |
| Built year | 1982 | 1979 | 57% |
| HOA | $0 | $0 | 50% |
| Days on market | 62 | 220 | 2% |
Pricing History
Listed for Sale
Jan 4, 2026
$390,000
Initial Listing