$1,450,000

1078 Rainbow Crest Rd Fallbrook, CA 92028

$10,000
Closing credit¹
2 beds
2 full
1,967 sqft
1.8 acres
$737 / sqft
House

Property details

About 1078 Rainbow Crest Rd

Presenting an exquisite residence on the eastern edge of Fallbrook, CA, where modern sophistication meets serene countryside elegance. This stunning home, meticulously constructed in 2002, offers 1,967 sq ft of refined living space, featuring 2 bedrooms, a den used as a library that can be converted into a third bedroom, and 2 full baths with inviting bathtubs. Additionally, a separate 10x12 ADU with an upper mezzanine offers versatile usage possibilities as an art room, home office, or even an additional bedroom to cater to your lifestyle needs. Set on an expansive 1.84-acre estate, this property is a sanctuary of luxury and tranquility with breathtaking views and unparalleled privacy. Indulge in the saltwater pool, a 2022 addition complete with heating panels, and enjoy the state-of-the-art solar panel system, installed in 2023, inclusive of two Tesla Wall Batteries and a backup generator, all fully owned. The interiors exude sophistication with new flooring throughout (installed in 2021) and a recently replaced living room window (2022). Freshly painted both inside and out, the home also boasts a solar-powered electric gate, custom kitchen shade for sun protection, an upgraded ceiling fan in the living room, and chic Stikwood accent walls. Further enhancing the appeal of this exceptional property is a charming chicken coop ready for occupancy, a blossoming greenhouse, and a diverse variety of fruit trees—including orange, grapefruit, tangerine, lemon, apricot, Asian pear apple, peach, lime, dragon fruit, blackberry, pomegranate, and passion fruit—all set within a fully landscaped and fenced property for utmost privacy. At an elevation of 1,584 feet above sea level, relish the captivating ocean views and spectacular sunsets. Convenience and safety are paramount, with fire sprinklers throughout and a Culligan RO filter system in the kitchen. The dual A/C units ensure comfort, with one system cooling the bedrooms, baths, and laundry area, while another serves the front, kitchen, and living room spaces. Located just one exit away from the vibrant Temecula, enjoy an array of attractions, from shopping, wine tasting, and the annual Balloon and Wine Festival, to the historic charm of Front Street and Lake Skinner's natural beauty. Golf enthusiasts will appreciate proximity to Pala Mesa Resort and Temecula Creek Inn, while nature lovers can explore the Santa Margarita Trail Preserve, Live Oak Park, and Monserate Mountain Trail Loop. Fallbrook, renowned for its vibrant community, hosts a variety of events, from the celebrated Avocado Festival to art shows, farmers markets, and live music performances, ensuring a lively and engaging lifestyle. Experience unparalleled luxury and elegance in this exceptional Fallbrook home.

Highlights

Home typeSingle Family Residence
StatusActive
CoolingCentral Air, Dual
Size1,967 sqft
Lot size1.84 Acres
Year built2002
MLS #NDP2503614
Attached garage2 spaces
FireplaceFamily Room
ViewOther, Hills, Mountain(s), Ocean, Panoramic, Pool
Private poolYes

Summary

  • Full Bathrooms: 2
  • Interior: Utility Room, Workshop
  • Fireplace: Family Room
  • Total Bedroom Count: 2
  • Garage Space: 2 spaces
  • Attached Garage: Yes
  • Private Pool: Yes
  • View: Other, Hills, Mountain(s), Ocean, Panoramic, Pool
  • Cooling: Central Air, Dual
  • List Price: $1,450,000
  • Price/SqFt: $737
  • HOA Amount: $0
  • Annual Tax Amount: $7,258
  • Tax Year: 2024
  • Lot: Agricultural, Back Yard, Irrigation System, Front Yard, Garden, Sprinklers
  • Directions: Old Hwy 395, Rainbow Glen, Rainbow Valley Blvd, Rice Canyon Rd, Rainbow Heights Rd, Rainbow Crest Rd.
  • Year Built: 2002
  • Stories: 1
  • Living Area: 1,967 SqFt
  • Lot Size: 1.84 Acres
  • MLS Number: NDP2503614
  • MLS Name: CRMLS
  • Office Name: eXp Realty of Southern CA
  • Office Phone: (888) 294-1415
  • Office Email: CA.South@exprealty.net
  • Listing Agent: Patricia Villanueva

IDX 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. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.

The information being provided by California Regional Multiple Listing Service, Inc. (“CRMLS”) is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Any information relating to a property referenced on this web site comes from CRMLS. Properties may or may not be listed by the office/agent presenting the information. Real estate listings held by brokerage firms other than this broker are marked with the Internet Data Exchange logo and detailed information about them includes the names of the listing brokers and listing agents. MLS search engine provided by IHR Technology Services. This data is updated every 2 hours. Some properties appearing for sale on this display may subsequently have sold and may no longer be available.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 5/28/2025, 6:20:34 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

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1078 Rainbow Crest Rd, Fallbrook, CA 92028 - view of front facade featuring roof mounted solar panels, curved driveway, and a mountain view

$1,450,000

1078 Rainbow Crest Rd

$10,000

closing credit¹

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Price information

Property sales

DateEventPrice
Jan 22, 2020
Home Sold
$600,000
Sep 09, 2015
Home Sold
$525,000
Apr 03, 2000
Home Sold
$82,000

Tax history

YearAssessmentProperty Tax
2024$677,649$7,258
2023$664,363$7,088
2022$651,338$7,012
2021$606,215$6,488
2020$568,276$6,232
2019$557,134$5,854
2018$546,210$5,854
2017$535,500$5,736

History based on county public records data.

Nearby schools

3

Vivian Banks Charter

Public Charter KG-5

3.7 mi

11800 Pala Mission Rd

5

Live Oak Elementary School

Public District KG-6

5.1 mi

1978 Reche Rd

6

Temecula Luiseño Elementary School

Public District KG-5

5.3 mi

45754 Wolf Creek Dr N

School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.

All data from GreatSchools

Neighborhood

The neighbors living near this home have an average income of $65,653. Typical income of Fallbrook, CA residents is between $35k-100k annually. Typical family type is single, no kids. The most common level of education of people living in this area is post secondary degree.

How much money do the neighbors make?

22%
<35k
50%
35k-100k
26%
100k-200k
2%
200k+

What level of education do the neighbors have?

High School Diploma
Post Secondary Degree
Masters Degree
Doctorate

What types of families live nearby?

33%
Single, No Kids
7%
Single, with Kids
32%
Married, No Kids
28%
Married, with Kids

Are the neighbors home owners or renters?

Home Owners
Renters

How old are people in this area?

13%
<11 yrs old
9%
12-17 yrs old
21%
18-34 yrs old
43%
35-64 yrs old
14%
65+ yrs old

What do the neighbors do for fun?

  • HuntingHunting
  • Figure SkatingFigure Skating
  • NASCARNASCAR

Where do the neighbors shop?

  • DillardsDillards
  • Dick's Sporting GoodsDick's Sporting Goods
  • Wal-MartWal-Mart

Where do the neighbors go to eat?

  • Cracker BarrelCracker Barrel
  • Texas RoadhouseTexas Roadhouse
  • Hardee'sHardee's

What do the neighbors drive?

  • CadillacCadillac
  • SubaruSubaru
  • RamRam

What do the neighbors listen to?

  • News/Talk/InformationNews/Talk/Information
  • New CountryNew Country
  • Classic CountryClassic Country
All data provided by Home Junction and Claritas

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Frequently asked questions

About 1078 Rainbow Crest Rd

The listing price of 1078 Rainbow Crest Rd property is $1,450,000.

The property 1078 Rainbow Crest Rd is a house located in Fallbrook, California, 92028.

Active Listing: 1078 Rainbow Crest Rd is For Sale (Active/New) which means the seller is accepting offers.

The nearby schools for 1078 Rainbow Crest Rd are: Vivian Banks Charter (GreatSchools Rating 3/10), Live Oak Elementary School (GreatSchools Rating 5/10), Temecula Luiseño Elementary School (GreatSchools Rating 6/10), Vallecitos Elementary School (GreatSchools Rating 5/10), James E. Potter Intermediate School (GreatSchools Rating 4/10), Erle Stanley Gardner Middle School (GreatSchools Rating 8/10), Great Oak High School (GreatSchools Rating 10/10), Jcs - Pine Hills (GreatSchools Rating 6/10), Oasis High (Alternative) (GreatSchools Rating 7/10).

According to the records, the last property tax for 2024 is $7,258 (source: MLS/based on county public records data).

The last sale was on January 22, 2020 for $600,000 (source: MLS/tax record).

The property at 1078 Rainbow Crest Rd has 2 bedrooms and 2 bathrooms.

The property 1078 Rainbow Crest Rd is 1,967 SqFt (source: MLS/tax record).

The year of construction for 1078 Rainbow Crest Rd is 2002.

This home is located at 1078 Rainbow Crest Rd in Fallbrook, CA and zip code 92028. This 1,967 square foot home, which was built in 2002, sits on a 1.84 acre lot. Features: 2 bedrooms, 2 bathrooms. It has been listed on Rocket Homes since April 15, 2025 and is currently priced at $1,450,000.

Fallbrook, CA housing market in April 2025 saw over 16 listings sold above listed price, more than 7 sold at listed price and over 13 sold below. The inventory of homes for sale in Fallbrook, CA between March and April 2025 increased by 6%. In April 2025, listings were on the market for 31 days. During the same period, the median list price in this real estate market was $876,333.

From Rocket Homes Real Estate and based on county public records data.

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