1078 Rainbow Crest Rd Fallbrook, CA 92028
Estimated payment $6,806/month
Highlights
- Ocean View
- Solar Heated In Ground Pool
- Bonus Room
- Art Studio
- Retreat
- No HOA
About This Home
PRICE IMPROVEMENT – Your Fallbrook Retreat Awaits Experience the best of country living and modern design in this stunning single-story home on the eastern edge of Fallbrook. Now offered at an incredible new price, this property brings unmatched value, privacy, and peace surrounded by sweeping views and open skies. Built in 2002 and thoughtfully updated, this 1,967 sq. ft. residence features 2 spacious bedrooms, 2 full baths, and a den that easily converts into a third bedroom or home office. The separate 10x12 detached studio with a mezzanine expands your possibilities—ideal for art, work, or guests. Step outside and you’ll see why this home stands apart. Set on 1.84 acres, the property feels like a private resort with a 2022 saltwater pool, solar heating panels, a 2023 owned solar system with two Tesla Wall Batteries, and a backup generator. Every feature reflects care and intention—from the new flooring and freshly painted exterior to the custom kitchen shade. The grounds are fully fenced, gated, and beautifully landscaped, with a greenhouse, chicken coop, and fruit trees producing everything from oranges and lemons to apricots, dragon fruit, and pomegranates. At 1,584 feet above sea level, sunsets and ocean views stretch endlessly before you. Enjoy dual A/C systems, a Culligan RO water filter, and fire sprinklers for comfort and safety. Located just one exit from Temecula, you’ll have access to wineries, golf, and shopping while being minutes from Fallbrook’s festivals, markets, and art scene. This home is more than a place to live—it’s a lifestyle, now made even more within reach.
Home Details
Home Type
- Single Family
Year Built
- Built in 2002
Lot Details
- 1.84 Acre Lot
- Rural Setting
- Drip System Landscaping
- Sprinkler System
- Garden
- Back and Front Yard
- Property is zoned AGRICULTURAL
Parking
- 2 Car Attached Garage
Property Views
- Ocean
- Coastline
- Panoramic
- Mountain
- Hills
- Pool
Home Design
- Entry on the 1st floor
Interior Spaces
- 1,967 Sq Ft Home
- 1-Story Property
- Family Room with Fireplace
- Living Room
- Home Office
- Bonus Room
- Game Room
- Art Studio
- Workshop
- Utility Room
- Laundry Room
Bedrooms and Bathrooms
- 2 Bedrooms
- Retreat
- 2 Full Bathrooms
Pool
- Solar Heated In Ground Pool
- Saltwater Pool
Farming
- Agricultural
Utilities
- Two cooling system units
- Central Air
- No Heating
- Conventional Septic
Community Details
- No Home Owners Association
- Mountainous Community
Listing and Financial Details
- Tax Tract Number 190
- Assessor Parcel Number 1092700700
- $72 per year additional tax assessments
- Seller Considering Concessions
Map
Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $7,258 | $691,201 | $312,468 | $378,733 |
| 2024 | $7,258 | $677,649 | $306,342 | $371,307 |
| 2023 | $7,089 | $664,363 | $300,336 | $364,027 |
| 2022 | $7,013 | $651,338 | $294,448 | $356,890 |
| 2021 | $6,488 | $606,215 | $288,675 | $317,540 |
| 2020 | $6,232 | $568,276 | $270,608 | $297,668 |
| 2019 | $5,999 | $557,134 | $265,302 | $291,832 |
| 2018 | $5,854 | $546,210 | $260,100 | $286,110 |
| 2017 | $5,737 | $535,500 | $255,000 | $280,500 |
| 2016 | $5,615 | $525,000 | $250,000 | $275,000 |
| 2015 | $3,680 | $344,545 | $111,004 | $233,541 |
| 2014 | $3,600 | $337,797 | $108,830 | $228,967 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 11/10/2025 11/10/25 | Price Changed | $1,180,000 | -7.1% | $600 / Sq Ft | |
| 09/24/2025 09/24/25 | For Sale | $1,270,000 | 0.0% | $646 / Sq Ft | |
| 09/24/2025 09/24/25 | Off Market | $1,270,000 | -- | -- | |
| 07/17/2025 07/17/25 | Price Changed | $1,270,000 | -2.2% | $646 / Sq Ft | |
| 06/22/2025 06/22/25 | Price Changed | $1,299,000 | -3.8% | $660 / Sq Ft | |
| 06/09/2025 06/09/25 | Price Changed | $1,350,000 | -6.9% | $686 / Sq Ft | |
| 04/18/2025 04/18/25 | For Sale | $1,450,000 | +141.7% | $737 / Sq Ft | |
| 01/22/2020 01/22/20 | Sold | $600,000 | -4.0% | $305 / Sq Ft | View Prior Sale |
| 12/23/2019 12/23/19 | Pending | -- | -- | -- | |
| 09/19/2019 09/19/19 | For Sale | $625,000 | 0.0% | $318 / Sq Ft | |
| 01/04/2016 01/04/16 | Rented | $2,500 | 0.0% | -- | |
| 12/05/2015 12/05/15 | Under Contract | -- | -- | -- | |
| 11/16/2015 11/16/15 | For Rent | $2,500 | 0.0% | -- | |
| 09/09/2015 09/09/15 | Sold | $525,000 | 0.0% | $267 / Sq Ft | View Prior Sale |
| 08/11/2015 08/11/15 | Pending | -- | -- | -- | |
| 07/12/2015 07/12/15 | Price Changed | $525,000 | -8.7% | $267 / Sq Ft | |
| 06/03/2015 06/03/15 | For Sale | $575,000 | -- | $292 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Grant Deed | $600,000 | Stewart Title Company | |
| Interfamily Deed Transfer | -- | None Available | |
| Interfamily Deed Transfer | -- | None Available | |
| Grant Deed | $525,000 | Equity Title | |
| Interfamily Deed Transfer | -- | None Available | |
| Grant Deed | $82,000 | Chicago Title Co |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $300,000 | New Conventional | |
| Previous Owner | $180,000 | New Conventional |
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: NDP2503614
APN: 109-270-07
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Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information
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