$1,133,000
SOLD SEP 18, 2025

944 Rainbow Crest Rd Fallbrook, CA 92028

3 Beds
2 Baths
2,120 Sq Ft
2.93 Acres

Recently Sold

$534 Per Sq Ft

13% Below List Price

115 Days on Market

Highlights

  • In Ground Pool
  • Updated Kitchen
  • Wood Flooring
  • Primary Bedroom Suite
  • Mountain View
  • Great Room

About This Home

As of September 2025

Perched high atop a hill in Rainbow, you’ll find the most majestic views, stretching so far into the distance that the eye can hardly comprehend it. It’s a sight so spectacular, it feels as if Heaven itself has descended upon you. In the winter, you can see a blanket of snow on top of Mount Palomar. Other days, billowy clouds float above the horizon, and the sunrises are so breathtaking that words fail to capture their beauty, the way the light spills across the landscape, as if the sun is gently kissing the hills good morning, is simply unforgettable. Located just 10 miles from both Old Town Temecula and downtown Fallbrook, this property offers the perfect blend of tranquil seclusion and easy access to shopping, dining, and world-class wineries, making the location truly ideal. Step inside to discover a gourmet kitchen featuring top-of-the-line Viking appliances, a wine bar perfect for entertaining, and elegant finishes throughout. A spacious rotunda entry welcomes you home, offering a graceful place to drop your keys and unwind. The open-concept living room is bathed in natural light, and in the evenings you can curl up with a blankets and sip hot chocolate by the fireplace. Featuring a mix of elegant wood flooring, slate and travertine stone throughout, this home combines warmth and timeless sophistication in every room. Massive wall of glass expanding 12 ft with 2 sliding doors showcasing a a 6-foot opening to expand your living space onto the outdoor patio, creating a seamless flow between indoor outdoor lifestyle that is iconic of Southern California. Complementing this, the kitchen nook features a brand new 10-foot panoramic window, perfect for soaking in the sweeping views. Whether hosting guests or enjoying a quiet evening, this space offers flexibility and breathtaking scenery as your backdrop. Outside, a luxurious infinity-edge pool invites you to relax on warm summer days, while the calming sound of the cascading waterfall sets the tone for peaceful evenings. The panoramic views are so extraordinary, they rival even the most memorable vacation vistas, making every day here feel like a getaway. This home is so special, it feels like a permanent staycation, only it’s yours to enjoy every day. It’s also a fantastic opportunity for a short-term rental or vacation home investment. Don’t miss your chance to experience it in person. Schedule your private showing today before someone else seizes this incredible opportunity.

Last Agent to Sell the Property

Virginia Gissing

RE/MAX Connections Brokerage Email: vgissing@icloud.com License #01857605 Listed on: 05/04/2025

RE/MAX Connections

Last Buyer's Agent

Paige D'Arrigo

Berkshire Hathaway HomeServices California Properties License #02073868

Berkshire Hathaway HomeServices California Properties

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $8,709

Year Built

  • Built in 2002 | Remodeled

Lot Details

  • 2.93 Acre Lot
  • Property fronts a private road
  • Density is up to 1 Unit/Acre
  • Property is zoned Agricultural

Parking

  • 3 Car Attached Garage

Property Views

  • Mountain
  • Hills

Home Design

  • Entry on the 1st floor
  • Turnkey
  • Tile Roof
  • Concrete Perimeter Foundation
  • Stucco

Interior Spaces

  • 2,120 Sq Ft Home
  • 1-Story Property
  • Double Pane Windows
  • Great Room
  • Living Room with Fireplace
  • Dining Room
  • Laundry Room

Kitchen

  • Updated Kitchen
  • Eat-In Kitchen
  • Breakfast Bar
  • Propane Cooktop
  • Microwave
  • Dishwasher
  • Granite Countertops

Flooring

  • Wood
  • Stone

Bedrooms and Bathrooms

  • 3 Main Level Bedrooms
  • Primary Bedroom Suite
  • Remodeled Bathroom
  • 2 Full Bathrooms
  • Tile Bathroom Countertop
  • Dual Vanity Sinks in Primary Bathroom
  • Bathtub
  • Separate Shower

Home Security

  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Accessible Home Design

  • No Interior Steps
  • Accessible Parking

Outdoor Features

  • In Ground Pool
  • Covered Patio or Porch

Utilities

  • Central Air
  • No Heating
  • 220 Volts in Garage
  • Propane
  • Water Heater
  • Conventional Septic

Listing and Financial Details

  • Tax Tract Number 93032
  • Assessor Parcel Number 1102703500

Community Details

Overview

  • No Home Owners Association
  • Foothills

Recreation

  • Hiking Trails

Home Details

Home Type

Single Family

Est. Annual Taxes

$8,709

Year Built

Built in 2002 | Remodeled

Lot Details

0

Parking

3

Listing Details

  • Assessments: No
  • Property Attached: No
  • Road Frontage Type: Country Road, Private Road
  • Road Surface Type: Paved
  • Security: Carbon Monoxide Detector(s), Smoke Detector(s)
  • View: Yes
  • Zoning: Agricultural
  • Property Condition: Turnkey, Updated/Remodeled
  • Property Sub Type: Single Family Residence
  • Property Type: Residential
  • Parcel Number: 1102703500
  • Year Built: 2002
  • AgentOnly_SellerConsiderConcessionYN: No
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Living Area: 2120.00 Square Feet
  • Stories: 1
  • Entry Location: Front door
  • Common Walls: No Common Walls
  • Flooring: Stone, Wood
  • Accessibility Features: No Interior Steps, Parking
  • Appliances: Yes
  • Full Bathrooms: 2
  • Full And Three Quarter Bathrooms: 2
  • Total Bedrooms: 3
  • Eating Area: Area, Breakfast Counter / Bar, Dining Room, In Kitchen
  • Entry Level: 1
  • Fireplace Features: Living Room
  • Levels: One
  • Main Level Bathrooms: 2
  • Main Level Bedrooms: 3
  • Price Per Square Foot: 534.43
  • Room Type: Great Room, Kitchen, Primary Suite
  • Window Features: Double Pane Windows
  • Bathroom Features: Double Sinks In Primary Bath, Remodeled, Separate Tub And Shower, Tile Counters, Upgraded, Walk-In Shower, Bathtub
  • Room Kitchen Features: Granite Counters, Remodeled Kitchen

Exterior Features

  • Patio: Yes
  • Foundation: Concrete Perimeter
  • View: Hills, Mountain(s)
  • Fence: No
  • Patio And Porch Features: Covered
  • Pool Features: In Ground
  • Pool Private: Yes
  • Roof: Tile
  • Spa: No
  • Construction Materials: Stucco

Garage/Parking

  • Attached Garage: Yes
  • Garage Spaces: 3.00
  • Number Remotes: 2
  • Parking: No
  • Total Parking Spaces: 3.00

Utilities

  • Utilities: Propane, Electricity Connected
  • Sprinklers: No
  • Heating: No
  • Laundry: Yes
  • Appliances: Built-In, Dishwasher, Microwave, Propane Cooktop, Refrigerator, Water Heater
  • Electric: 220 Volts in Garage
  • Laundry Features: Individual Room
  • Sewer: Conventional Septic
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Foothills, Hiking

Schools

  • School District: Fallbrook Union

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 0-1 Unit/Acre
  • Lot Size Sq Ft: 127630.00
  • Lot Size Acres: 2.9300

Multi Family

  • Lease Considered: No
  • Lot Size Area: 127630.0000 Square Feet
  • Number Of Units In Community: 15

Tax Info

  • Tax Tract Number: 93032

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Dec 26, 2021
Sold by
Mccarthy Daniel T and Mccarthy Martha
Bought by
Mccarthy Daniel T

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$239,500
Outstanding Balance
$189,827
Interest Rate
2.39%
Mortgage Type
New Conventional
Estimated Equity
$939,662

Purchase Details

Listed on
Jan 5, 2018
Closed on
Jan 29, 2018
Sold by
Leff Forrest J and Stephan Sharon J
Bought by
Mccarthy Daniel T
Seller's Agent
Cindy Waasdorp
Berkshire Hathaway HomeService
List Price
$725,000
Sold Price
$709,000
Premium/Discount to List
-$16,000
-2.21%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.35%
Original Mortgage
$359,000
Interest Rate
4.04%
Mortgage Type
New Conventional

Purchase Details

Listed on
Jun 21, 2013
Closed on
Aug 2, 2013
Sold by
Cunningham John R and Cunningham Irene
Bought by
Leff Forrest J and Stephan Sharon L
Seller's Agent
John Lewis
Realty Executives Temecula
Buyer's Agent
John Lewis
Realty Executives Temecula
List Price
$650,000
Sold Price
$625,000
Premium/Discount to List
-$25,000
-3.85%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
2.85%

Purchase Details

Closed on
Sep 5, 2006
Sold by
Cunningham John R and Cunningham Irene
Bought by
Cunningham John R and Cunningham Irene

Purchase Details

Closed on
Jul 17, 2001
Sold by
Salas Michael Alfred
Bought by
Flanagan Keith and Flanagan Jonnie

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$300,000
Interest Rate
6.57%

Purchase Details

Closed on
Apr 21, 2000
Sold by
Flores and Elynor
Bought by
Salas Michael Alfred
Source: Public Records

Range of Values:

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Average Value
Not Available
List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Type Sale Price Title Company
Interfamily Deed Transfer -- Ticor Title Company Of Ca
Grant Deed $709,000 Ticor Title San Diego Branch
Grant Deed $625,000 Ticor Title
Interfamily Deed Transfer -- First American
Grant Deed $130,000 First American Title
Grant Deed $375,000 First American Title
Grant Deed $75,000 First American Title Ins Co
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $239,500 New Conventional
Closed $359,000 New Conventional
Previous Owner $150,000 Credit Line Revolving
Previous Owner $575,000 Unknown
Previous Owner $80,000 Credit Line Revolving
Previous Owner $570,000 Unknown
Previous Owner $365,000 Unknown
Previous Owner $300,700 Unknown
Previous Owner $62,500 Stand Alone Second
Previous Owner $300,000 No Value Available
Previous Owner $394,100 Construction
Closed $56,200 No Value Available
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/18/2025 09/18/25 Sold $1,133,000 0.0% $534 / Sq Ft
08/27/2025 08/27/25 Pending -- -- --
08/01/2025 08/01/25 Off Market $1,133,000 -- --
07/15/2025 07/15/25 Price Changed $1,133,000 -5.6% $534 / Sq Ft
06/09/2025 06/09/25 Price Changed $1,200,000 -7.7% $566 / Sq Ft
05/04/2025 05/04/25 For Sale $1,300,000 +83.4% $613 / Sq Ft
03/01/2018 03/01/18 Sold $709,000 -2.2% $334 / Sq Ft
01/16/2018 01/16/18 Pending -- -- --
01/05/2018 01/05/18 For Sale $725,000 +16.0% $342 / Sq Ft
09/06/2013 09/06/13 Sold $625,000 -3.8% $295 / Sq Ft
06/21/2013 06/21/13 For Sale $650,000 -- $307 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

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 $8,709 $806,712 $376,465 $430,247
2024 $8,709 $790,895 $369,084 $421,811
2023 $8,586 $775,389 $361,848 $413,541
2022 $8,498 $760,186 $354,753 $405,433
2021 $8,290 $745,282 $347,798 $397,484
2020 $8,306 $737,641 $344,232 $393,409
2019 $8,101 $723,179 $337,483 $385,696
2018 $7,531 $673,352 $314,230 $359,122
2017 $7,386 $660,150 $308,069 $352,081
2016 $7,237 $647,207 $302,029 $345,178
2015 $7,128 $637,487 $297,493 $339,994
2014 $6,978 $625,000 $291,666 $333,334
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: NDP2504395

California Regional Multiple Listing Service (CRMLS)

APN: 110-270-35