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512 West Rainbow, Big Bear City, CA 92314

$220K1bd · 1ba · 980 sqft
Lot 5,000 sqft•Cabin•
Active
•33d on market•MLS# IG-26199946

Property Description

Welcome to 512 W Rainbow! This beautifully refreshed 1 bedroom, 1-bath home with an extra room offers approximately 980 sq. ft. of comfortable living space on a 4,965 sq. ft. lot with plenty of parking. The home features a new roof, new flooring throughout, fresh interior and exterior paint, updated electrical with LED lighting, a new mini-split heating and AC system, and even a new tankless water heater. The bathroom has also been updated with a new shower and toilet. With many major improvements already completed, this home is move-in ready and offers a great opportunity for a full-time residence, mountain getaway, or investment property.

Features & Amenities

FeeBuilt 1932

Property Details

Land Type
Fee
Year Built
1932
Property Type
Residential
Property Subtype
Cabin
Parking Spaces
0
Garage Spaces
0
Heating
ENERGY STAR Qualified Equipment
Cooling
ENERGY STAR Qualified Equipment
City
Big Bear City
Zip Code
92314
County
San Bernardino
Listed byKELLER WILLIAMS BIG BEAR, Joshua Simonek

Mortgage Calculator

Current Rates

$
$
%
Monthly Payment
$1,112.44
Principal & Interest
Loan Amount
$176,000
Total Interest
$224,478
Total Payment Over 30 Years
$400,478
This calculator provides estimates only. Actual mortgage payments may include taxes, insurance, HOA fees, and PMI. Contact a lender for accurate quotes.

Comparative Market Analysis

Affordable Tier · 5 active · 4 closed

512 West Rainbow, Big Bear City, CA 92314

Big Bear City · Cabin

$220K
Affordable Tier
Beds
1
Baths
1
Sqft
980
Lot
5,000 sqft
Year
1932
$/Sqft
$224
Pool: No✓

Listed 25.2% below the median closed sale of $294,250. Price per sqft ($224) is a 31% discount to closed comps ($326). Closed comps sold at 103% of list — strong seller's market.

Price Position

Priced below the market — value advantage over the field.

Price advantage
Subject listed at $220K· $224/sqft
Total list price
Closed comps
vs closed median $305K
−$85K (−27.9%)
Active comps
vs active median $370K
−$150K (−40.5%)
Price per sqft
Closed compsinsufficient comp data
Active comps
vs active avg $/sqft $366
−$142 (−38.8%)

Active Properties (5)

Active Comparables

AddressCityYearBDBTHSqFtLotSzLP/SqFtLPDIMScore
324 Angeles BoulevardBig Bear City1950219605,000$385$369,99922085
1104 RobinhoodBig Bear City1971219522,500$408$388,0009780
301 AngelesBig Bear City1972211,1145,000$332$369,9009879
1012 Country ClubBig Bear City1952121,0648,466$309$329,00014679
2051 6thBig Bear City1987229603,440$396$380,0003878
Total: 5 · Average1.81.41,0104,881.2$366$367,379.8119.8
Median960$369,999

Closed Properties (4)

Closed Comparables

AddressCityYearDateBDBTHSqFtLotSzLPSPSP/SqFtSP/LPDIMScore
304 Sugarloaf BoulevardBig Bear City193109/09/2026118165,050$284,900$320,000$3921.128993
1005 NanaBig Bear City193907/10/2026229565,000$299,000$305,000$3191.026387
833 BarkerBig Bear City196509/03/2026218645,000$284,900$283,500$3280.992181
936 D LaneBig Bear City197907/28/2026218962,430$237,700$237,000$2651.006578
Total: 4 · Average1.81.38834,370$286,375$286,375$326—59.5
Median896$305,000$305,000

Market Analysis

List vs Sale $/SqFt

Sale Price Trend

Days on Market

Sale vs List Price

AI-generated CMA

This analysis was generated automatically from MLS data. For an in-depth, human-reviewed valuation, contact Joseph Sardella at josephsardella@gmail.com.