$764,900

45534 Olympic Way Temecula, CA 92592

Estimated payment $4,494/month

Total Views 2,204
4 Beds
3 Baths
2,068 Sq Ft
$370 Price per Sq Ft

Highlights

  • Very Popular Property
  • In Ground Pool
  • Mountain View
  • Temecula Luiseno Elementary Rated A-
  • Primary Bedroom Suite
  • Deck

About This Home

Spacious two-story POOL home on an large lot in the peaceful Rainbow Villages and Estates community. A covered front patio welcomes you into a light-filled home featuring a bright kitchen with granite counters, resurfaced soft-close cabinetry, stainless steel appliances, a peninsula with seating, and generous pantry storage. The east-facing kitchen opens to a comfortable family room, ideal for everyday living and entertaining. The expansive primary suite offers backyard views, dual sinks, a soaking tub with shower, multiple closets, and private loft access with a balcony. Upstairs are two additional guest bedrooms, a full guest bath, and hallway storage cabinets. A generous downstairs bedroom and 3⁄4 bath provide added flexibility. The living and dining areas open to a resort-style backyard with a resurfaced pool and spa with waterfall feature, spacious patio, garden space, and scenic views of Temecula’s hills and mountains. Puronics water purification system installed in 2021. NexGen HVAC system installed in 2023. Conveniently located near Rainbow Canyon Road with easy access to San Diego, and close to Temecula Creek Golf Course, Pechanga Resort, and Wine Country. Zoned for Great Oak High School.A large, well-designed laundry and utility room completes the home. Low taxes!

Listing Agent

Sherry Powers

AARE Brokerage Phone: 949-394-3685 License #02002017 Listed on: 05/07/2026

AARE

Home Details

Home Type

  • Single Family

Year Built

  • Built in 1986

Lot Details

  • 7,405 Sq Ft Lot
  • West Facing Home
  • Wrought Iron Fence
  • Wood Fence
  • Fence is in average condition
  • Rectangular Lot
  • Level Lot
  • Private Yard
  • Back Yard
  • Density is up to 1 Unit/Acre

HOA Fees

  • $72 Monthly HOA Fees

Parking

  • 2 Car Direct Access Garage
  • Parking Available
  • Front Facing Garage
  • Driveway

Property Views

  • Mountain
  • Hills
  • Pool
  • Neighborhood

Home Design

  • Entry on the 1st floor
  • Cosmetic Repairs Needed
  • Planned Development
  • Slab Foundation
  • Tile Roof
  • Stucco

Interior Spaces

  • 2,068 Sq Ft Home
  • 2-Story Property
  • High Ceiling
  • Skylights
  • Recessed Lighting
  • Double Pane Windows
  • French Doors
  • Sliding Doors
  • Separate Family Room
  • Living Room with Fireplace
  • Combination Dining and Living Room
  • Loft
  • Utility Room

Kitchen

  • Breakfast Bar
  • Gas Oven
  • Gas Cooktop
  • Microwave
  • Water Line To Refrigerator
  • Dishwasher
  • Granite Countertops
  • Tile Countertops
  • Self-Closing Drawers and Cabinet Doors

Flooring

  • Carpet
  • Laminate
  • Tile

Bedrooms and Bathrooms

  • 4 Bedrooms | 1 Main Level Bedroom
  • Primary Bedroom Suite
  • Tile Bathroom Countertop
  • Dual Vanity Sinks in Primary Bathroom
  • Soaking Tub
  • Bathtub with Shower
  • Walk-in Shower
  • Exhaust Fan In Bathroom

Laundry

  • Laundry Room
  • Washer and Gas Dryer Hookup

Home Security

  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Pool

  • In Ground Pool
  • Heated Spa
  • In Ground Spa
  • Gas Heated Pool

Outdoor Features

  • Balcony
  • Deck
  • Open Patio
  • Exterior Lighting
  • Rain Gutters
  • Front Porch

Schools

  • Great Oak High School

Utilities

  • Forced Air Heating and Cooling System
  • Natural Gas Connected
  • Water Heater
  • Water Purifier
  • Water Softener
  • Cable TV Available

Additional Features

  • Low Pile Carpeting
  • Suburban Location

Community Details

  • Rainbow Villages Association, Phone Number (951) 244-0048
  • Avalon HOA

Listing and Financial Details

  • Tax Lot 36
  • Tax Tract Number 13060
  • Assessor Parcel Number 922283005
  • $690 per year additional tax assessments

Home Details

Home Type

Single Family

Year Built

Built in 1986

Lot Details

7,405 Sq Ft Lot

HOA Fees

$72 per month

Parking

2

Listing Details

  • Structure Type: House
  • Assessments: Yes
  • Property Attached: No
  • Road Frontage Type: City Street
  • Road Surface Type: Paved
  • Security: Carbon Monoxide Detector(s), Smoke Detector(s)
  • View: Yes
  • Property Condition: Repairs Cosmetic
  • Property Sub Type: Single Family Residence
  • Property Type: Residential
  • Parcel Number: 922283005
  • Year Built: 1986
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Living Area: 2068.00 Square Feet
  • Interior Amenities: Balcony, High Ceilings, Recessed Lighting, Tile Counters, Granite Counters
  • Stories: 2
  • Common Walls: No Common Walls
  • Flooring: Tile, Carpet, Laminate
  • Accessibility Features: Low Pile Carpeting
  • Appliances: Yes
  • Full Bathrooms: 2
  • Three Quarter Bathrooms: 1
  • Total Bedrooms: 4
  • Door Features: French Doors, Sliding Doors
  • Eating Area: Breakfast Counter / Bar, In Living Room
  • Entry Level: 1
  • Fireplace Features: Living Room
  • Levels: Two
  • Main Level Bathrooms: 1
  • Main Level Bedrooms: 1
  • Price Per Square Foot: 369.87
  • Room Type: Primary Bedroom, Utility Room, Separate Family Room, Laundry, Kitchen, Living Room, Main Floor Bedroom, Family Room, Loft, Primary Suite, Primary Bathroom
  • Spa Features: In Ground, Private, Heated
  • Window Features: Double Pane Windows, Skylight(s)
  • Bathroom Features: Tile Counters, Soaking Tub, Shower In Tub, Exhaust Fan(s), Double Sinks In Primary Bath, Shower
  • Room Kitchen Features: Self-Closing Cabinet Doors, Self-Closing Drawers, Granite Counters

Exterior Features

  • Patio: Yes
  • Direction Faces: West
  • Foundation: Slab
  • View: Mountain(s), Neighborhood, Pool, Hills
  • Fence: Yes
  • Fencing: Wood, Average Condition, Wrought Iron, Needs Repair
  • Patio And Porch Features: Front Porch, Patio Open, Patio, Deck
  • Pool Features: In Ground, Private, Gas Heat
  • Pool Private: Yes
  • Roof: Tile
  • Spa: Yes
  • Construction Materials: Stucco

Garage/Parking

  • Attached Garage: Yes
  • Garage Spaces: 2.00
  • Parking: Yes
  • Parking Features: Garage, Concrete, Direct Garage Access, Garage Faces Front, Driveway
  • Total Parking Spaces: 2.00

Utilities

  • Utilities: Natural Gas Connected, Sewer Connected, Cable Available, Electricity Connected, Water Connected
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Gas Cooktop, Water Heater, Microwave, Water Softener, Water Purifier, Water Line to Refrigerator, Gas Oven, Dishwasher
  • Electric: Standard
  • Heating Type: Forced Air
  • Laundry Features: Inside, Gas Dryer Hookup, Individual Room, Washer Hookup
  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling: Electric, Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Association: Yes
  • Amenities: Pets Permitted, Call for Rules
  • Association Fee: 72.00
  • Association Fee Frequency: Monthly
  • Association Name: Rainbow Villages
  • Phone: 951-244-0048
  • Senior Community: No
  • Common Interest: Planned Development
  • Community Features: Gutters, Street Lights, Storm Drains, Sidewalks, Suburban
  • Association Management: Avalon

Schools

  • High School: Great Oak
  • High School2: GREOAK2

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Level with Street, Lot 6500-9999, Rectangular Lot, 0-1 Unit/Acre, Back Yard, Yard
  • Lot Size Sq Ft: 7405.00
  • Lot Size Acres: 0.1700

Multi Family

  • Lease Considered: No
  • Lot Size Area: 7405.0000 Square Feet
  • Number Of Units Total: 1

Tax Info

  • Tax Lot: 36
  • Tax Tract Number: 13060-3
  • TaxOtherAnnualAssessmentAmount: 689.72

Map

Range of Values:

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Value Increase
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Adjusted for Inflation
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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 $4,109 $346,544 $67,793 $278,751
2023 $4,109 $333,089 $65,161 $267,928
2022 $3,975 $326,559 $63,884 $262,675
2021 $3,887 $320,157 $62,632 $257,525
2020 $3,843 $316,875 $61,990 $254,885
2019 $3,784 $310,663 $60,775 $249,888
2018 $3,705 $304,573 $59,584 $244,989
2017 $3,636 $298,602 $58,416 $240,186
2016 $3,565 $292,748 $57,271 $235,477
2015 $3,500 $288,352 $56,411 $231,941
2014 $3,391 $282,706 $55,307 $227,399
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/07/2026 05/07/26 For Sale $764,900 0.0% $370 / Sq Ft
02/03/2020 02/03/20 Rented $2,400 0.0% --
01/22/2020 01/22/20 For Rent $2,400 +14.3% --
10/30/2015 10/30/15 Rented $2,100 0.0% --
10/30/2015 10/30/15 Off Market $2,100 -- --
10/16/2015 10/16/15 For Rent $2,100 0.0% --
10/13/2015 10/13/15 Off Market $2,100 -- --
10/13/2015 10/13/15 For Rent $2,100 +7.7% --
02/04/2015 02/04/15 Rented $1,950 0.0% --
02/04/2015 02/04/15 For Rent $1,950 +5.4% --
03/07/2014 03/07/14 Rented $1,850 +2.8% --
03/07/2014 03/07/14 For Rent $1,800 0.0% --
04/01/2013 04/01/13 Rented $1,800 0.0% --
03/20/2013 03/20/13 Under Contract -- -- --
03/09/2013 03/09/13 For Rent $1,800 -- --
Source: California Regional Multiple Listing Service (CRMLS)

Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Type Sale Price Title Company
Quit Claim Deed -- None Listed On Document
Interfamily Deed Transfer -- Fidelity National Title Co
Grant Deed $230,000 New Century Title Company
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Loan Amount Loan Type
Previous Owner $183,900 No Value Available
Source: Public Records

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SW26092142

California Regional Multiple Listing Service (CRMLS)

APN: 922-283-005

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