1022 Rainbow Crest Rd, Fallbrook, CA 92028

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Off Market Oct 2020 for $609K

$845,624

Est. refi paymentEst. refi $4,366/mo

•

1,589

sq ft

1022 Rainbow Crest Rd, Fallbrook, CA 92028

About this home

Welcome home to this rare opportunity to live nestled at the very top of Rainbow Heights peak with forever views of the surrounding valley that go clear to the San Diego coastline. Looking for a gated retreat, room to garden or a place to park all of your toys? This newly renovated single story home and property boasts over 2 acres and offers many great features including SOLAR panels that you OWN to keep utility costs low! Very private, very quiet, very serene, very peaceful, absolute rural bliss yet located only 10 minutes from the 15 freeway and highway 76, a commuters dream! Perched high on a mountaintop, above a sprawling valley of ever changing views, watch the marine layer come in and out, while enjoying a cup of coffee on your future oversized deck, or enjoy the gentle ocean breeze while dining outside in paradise. This property is situated perfectly for someone looking for room to breathe, but with a bit of property, without compromising their ability to get to work or shopping. Located just minutes from the best Southern California beaches, Temecula Wine Country, Pechanga Resort and Casino or the snowy Big Bear Mountains! Did we also mention there's a small barn at the bottom corner of the property? Or that as you drive through your private gated entrance the 60+ foot driveway is lined with mature trees? Or lastly, did you know this home was extensively renovated from head to toe, ready for its next owner to call it Home? Come take a look TODAY before it's gone!

Single-familyProperty Type

1979Year Built

2.39 acresLot Size

$532Est. Price/Sq.Ft.

2 car garageParking

Listed by Tom Bashe •DRE #01383456 • Coldwell Banker Realty

Bought with Lisa Lamborghini-Moussett •DRE #02069986 • Keller Williams OC Coastal Realty

Redfin checked: 2 minutes ago

•Source:CRMLS #SW20184984

Redfin Estimate

$845,624

$237K since sold in October 2020$6,000 since July

Recently sold homes
Estimate history
Homes for sale

This home's estimate is 3% lower than the average sale price ($871K) of 6 comparable homes.

SOLD JUN 18, 2026
$629,000
A
3 beds2 baths1,760 sq ft
3655 Lupine Ln, Fallbrook, CA 92028
SOLD JUN 12, 2026
$750,000
B
2 beds1 bath1,920 sq ft
2005-07 Camino Rainbow, Fallbrook, CA 92028
SOLD DEC 8, 2025
$895,000
C
4 beds2 baths1,477 sq ft
6472 Rainbow Hts, Fallbrook, CA 92028
SOLD APR 24, 2026
$1,060,000
D
3 beds2.5 baths2,400 sq ft
1810 Via Ladera, Fallbrook, CA 92028
SOLD MAY 15, 2026
$749,000
E
2 beds2 baths1,382 sq ft
3360 Toyon Heights Dr, Fallbrook, CA 92028
SOLD FEB 2, 2026
$1,145,000
F
2 beds2 baths1,967 sq ft
1078 Rainbow Crest Rd, Fallbrook, CA 92028

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Earn from this home

Sell

$370,361

Est. take-home

List your home with Redfin and save $4,228

Refinance

Est. cash available

Get cash now or lower your monthly rate

Rent

$3,627/mo

Redfin rental estimate

List your home for rent

Market trends in 92028, CA

Last updated July 2026

Buyer's Market

Seller's Market

Seller's market

Sale-to-List Price

99.4%

0.3% MoM

Median sale price

$875K

$32K MoM

Avg. days on market

33d

0 days MoM

Recently sold homes

177

17 MoM

New listings for sale

NEW 1 HR AGO
$1,350,000
4 beds2.5 baths2,646 sq ft
1850 Canyon Heights Rd, Fallbrook, CA 92028
NEW 2 HRS AGO
$795,000
3 beds2.5 baths2,023 sq ft
1422 E Fallbrook St, Fallbrook, CA 92028
OPEN SUN, 12PM TO 3PM
$249,000
3 beds2 baths1,210 sq ft
1120 E Mission Rd #22, Fallbrook, CA 92028
NEW 23 HRS AGO
$2,149,999
4 beds3 baths3,565 sq ft
2440 Los Alisos, Fallbrook, CA 92028
$263,000
2 beds2 baths1,248 sq ft
4747 Oak Crest Rd #78, Fallbrook, CA 92028
3D WALKTHROUGH
$2,389,000
4 beds3.5 baths3,756 sq ft
33 Gateview Dr, Fallbrook, CA 92028
$575,000
2 beds2 baths1,196 sq ft
4218 Los Padres Dr, Fallbrook, CA 92028
OPEN WED, 11:30AM TO 2:30PM
$1,849,000
4 beds4.5 baths4,138 sq ft
4284 Fallsbrae Rd, Fallbrook, CA 92028
Keller Williams Realty
$1,100,000
3 beds2.5 baths2,200 sq ft
5012 Sleeping Indian, Fallbrook, CA 92028
CRG Properties
$699,000
3 beds2 baths1,196 sq ft
604 Porter St, Fallbrook, CA 92028
See all

Provided by Redfin

Sale history for 1022 Rainbow Crest Rd

Date

Event

Price

CRMLS #SW20184984

Oct 8, 2020

Sold

$609,000

$383/sq ft

Oct 1, 2020

Pending

—

Sep 11, 2020

Contingent

—

Sep 5, 2020

Listed

$599,000

$377/sq ft

CRMLS #SW20048153

May 29, 2020

Sold

$390,000

$245/sq ft

May 22, 2020

Contingent

—

Mar 5, 2020

Listed

$549,900

$346/sq ft

Welcome home to this rare opportunity to live nestled at the very top of Rainbow Heights peak with forever views of the surrounding valley that go clear to the San Diego coastline. Looking for a retreat, room to garden or a place to park all of your toys? This fixer home and property boasts over 2 acres and offers spectacular, top of the world views! Very private, very quiet, very serene, very peaceful, absolute rural bliss yet located only 10 minutes from the 15 freeway and highway 76, a commuters dream! Perched high on a mountaintop, above a sprawling valley of ever changing views, watch the marine layer come in and out, while enjoying a cup of coffee on your future oversized deck, or enjoy the gentle ocean breeze while dining outside in paradise. This property is situated perfectly for someone looking for room to breathe, but with a bit of property, without compromising their ability to get to work or shopping. Located just minutes from the best Southern California beaches, Temecula Wine Country, Pechanga Resort and Casino or the snowy Big Bear Mountains! Enjoy the scenic drive home where you will not only see unbelievable views, but is paved all the way to the top! The possibilities are endless for this mountaintop plot, your imagination is your only limit! The lot and future home that you have been waiting for is finally available and it is priced to sell!

Public Records

Nov 15, 1991

Sold

$250,000

$157/sq ft

Public Records

May 27, 1986

Sold

$138,000

$87/sq ft

Year

Property tax

Land + Additions

Assessment*

2025

$7,122 (+1.5%)

$344,812 + $327,569

$672,381

2024

$7,015 (+2.4%)

$338,051 + $321,147

$659,198

2023

$6,853 (+1.1%)

$331,423 + $314,850

$646,273

2022

$6,781 (+2.6%)

$324,925 + $308,677

$633,602

2021

$6,610 (+50.4%)

$318,554 + $302,625

$621,179

2020

$4,395 (−52.5%)

$312,308 + $296,692

$609,000

2019

$9,246 (+1.2%)

$165,108 + $239,096

$404,204

2018

$9,138 (+1.1%)

$161,871 + $234,408

$396,279

2017

$9,034 (+1.0%)

$155,587 + $225,306

$380,893

2016

$8,947 (+126.7%)

$155,587 + $225,306

$380,893

2015

$3,946 (+2.2%)

$152,537 + $220,889

$373,426

2014

$3,860 (+0.8%)

$147,303 + $213,311

$360,614

2013

$3,829 (+1.5%)

$147,303 + $213,311

$360,614

2012

$3,772 (+2.1%)

$146,638 + $212,347

$358,985

2011

$3,693 (+1.1%)

$143,763 + $208,184

$351,947

2010

$3,652 (+1.0%)

$140,945 + $204,102

$345,047

2009

$3,614 (+1.8%)

$139,892 + $202,577

$342,469

2008

$3,551

$140,225 + $203,059

$343,284

Tax history for 1022 Rainbow Crest Rd

Year

Property tax

Land + Additions

Assessment*

2025

$7,122 (+1.5%)

$344,812 + $327,569

$672,381

2024

$7,015 (+2.4%)

$338,051 + $321,147

$659,198

2023

$6,853 (+1.1%)

$331,423 + $314,850

$646,273

2022

$6,781 (+2.6%)

$324,925 + $308,677

$633,602

2021

$6,610 (+50.4%)

$318,554 + $302,625

$621,179

2020

$4,395 (−52.5%)

$312,308 + $296,692

$609,000

2019

$9,246 (+1.2%)

$165,108 + $239,096

$404,204

2018

$9,138 (+1.1%)

$161,871 + $234,408

$396,279

2017

$9,034 (+1.0%)

$155,587 + $225,306

$380,893

2016

$8,947 (+126.7%)

$155,587 + $225,306

$380,893

2015

$3,946 (+2.2%)

$152,537 + $220,889

$373,426

2014

$3,860 (+0.8%)

$147,303 + $213,311

$360,614

2013

$3,829 (+1.5%)

$147,303 + $213,311

$360,614

2012

$3,772 (+2.1%)

$146,638 + $212,347

$358,985

2011

$3,693 (+1.1%)

$143,763 + $208,184

$351,947

2010

$3,652 (+1.0%)

$140,945 + $204,102

$345,047

2009

$3,614 (+1.8%)

$139,892 + $202,577

$342,469

2008

$3,551

$140,225 + $203,059

$343,284

*Taxable value of land and structures on it ("additions") is determined regularly by local assessors and does not affect market price.

Public record

Public record
Zoning

Beds

Baths

Stories

—

Lot width

—

Lot depth

—

Lot size

2.39 Acres

Year renovated

1979

Sq. Ft.

1,589

Year built

1979

Style

Single Family Residential

County

San Diego County

APN

1092703400

Parking Spaces

—

Basement

—

Accessible

—

HOA Dues

—

Garage

—

Features

—

Last updated by owner on Aug 20, 2026.

A70

Limited Agricultural Zone

The A70 Use Regulations are intended to create and preserve areas intended primarily for agricultural crop production. Additionally, a limited number of small farm animals may be kept and agricultural products raised on the premises may be processed. Typically, the A70 Use Regulations would be applied to areas throughout the County to protect moderate to high quality agricultural land.

Permitted uses

Include but are not limited to:

Agriculture
Housing
Processing
Fire house
Police station
Agriculture-Cropland
Agriculture-Grove / orchard
Park & open space

Property details

Parking

Parking / Garage Information
Attached Garage
# of Garage Spaces: 2
Driveway Down Slope From Street, Garage - Front Entry, Garage - Single Door, RV Access/Parking
Has Parking
# of Parking Spaces: 2

Interior

Laundry Information
Has Laundry
Electric Dryer Hookup, In Garage

Kitchen Information
Appliances: Dishwasher, Electric Oven, Electric Stove, Garbage Disposal, Microwave
Has Appliances
Breakfast Counter / Bar, Formal Dining Room
Quartz Counters, Remodeled Kitchen, Self-closing cabinet doors, Self-closing drawers

Bathroom Information
# of Baths (Full): 2
Low Flow Toilet(s), Shower, Shower in Tub, Double Sinks In Master Bath, Remodeled, Stone Counters, Upgraded, Vanity area

Cooling Information
Central, Electric
Has Cooling

Room Information
All Bedrooms Down, Kitchen, Living Room, Main Floor Bedroom, Main Floor Primary Bedroom, Primary Bathroom, Primary Bedroom, Primary Suite

Fireplace Information
Family Room, Wood
Has Fireplace

Flooring Information
Tile, Vinyl

Heating Information
Central Furnace, Forced Air
Has Heating

Interior Features
Ceiling Fan, Living Room Deck Attached, Open Floor Plan, Recessed Lighting, Unfurnished
Levels: One
Main Level Bathrooms: 2
Main Level Bedrooms: 3
Security Features: Carbon Monoxide Detector(s), Smoke Detector

Exterior

Exterior Information
Structure Type: House
Roof: Spanish Tile
Other Structures: Barn
Fencing: Partial
Has Fence
Construction Materials: Stucco

Foundation Information
Foundation Details: Concrete Slab

Exterior Features
Lighting
Patio And Porch Features: Brick, Deck, Porch - Front, Wood
Has Patio
Pool Features: None

Lot Information
Elevation Units: Feet
Lot Size Source: Assessor's Data
Lot Features: 2-5 Units/Acre, Cul-De-Sac, Lot Over 40000 Sqft, Paved, Secluded

Property Information
Total # of Units: 1
Accessibility Features: None
Common Walls: No Common Walls
Parcel Number: 1092703400
Property Condition: Termite Clearance, Turnkey, Updated/Remodeled
Total # of Stories: 1
Has View
Year Built Source: Public Records

Financial

Assesments Information
Assessments: Unknown

Utilities

Utilities Information
Electric: 220V Throughout, Electricity - On Property, Photovoltaics Owned
Sewer: Septic Tank
Electricity Connected, Water Connected
Water Source: District/Public

Location

Neighborhood Information
Community Features: Rural

School Information
High School District: Fallbrook Union

Location Information
Latitude: 33.38954300
Longitude: -117.13201400
Directions: Use GPS
Road Surface Type: Paved
Zoning: R1

Public facts

Beds: 3
Baths: 2.0
Sq. Ft.: 1,589
Stories: —
Lot Size: 2.39 acres
Style: Single Family Residential
Year Built: 1979
Year Renovated: 1979
County: San Diego County
APN: 1092703400

Home facts updated by county records on Aug 20, 2026

Other

Listing Information
Days Active in MLS: 6
Continuous Days Active in MLS: 6

Listing Agent Information
List Agent First Name: Tom
List Agent Last Name: Bashe

Listing Office Information
List Office Name: Coldwell Banker Res-Murrieta

Selling Agent Information
Buyer Agent First Name: Lisa
Buyer Agent Last Name: Lamborghini-Moussett

Selling Office Information
Buyer Office Name: Keller Williams OC Coastal Realty

Around this home

Schools
Places
Transit

Vallecitos Elementary School

Public K-8 • Assigned • 1.9mi

6/10

Fallbrook High School

Public 9-12 • Assigned • 6.9mi

6/10

Provided by GreatSchools

Lifestyle

Provided by Walk Score and Local Logic

Climate risks

1/10 Flood Factor

Minimal risk of a flood reaching the building in the next 30 years

8/10 Fire Factor

40% chance of being in a wildfire in next 30 years

5/10 Heat Factor

1 hot days expected this year, 1 days in 30 years

1/10 Wind Factor

Minimal risk of severe winds over next 30 years

5/10 Air Factor

7 unhealthy days expected this year, 8 days in 30 years

Provided by First Street

Historical weather

Fallbrook, CA • 92028

Average low and high temperatures (°F)

Jan

Feb

Mar

Apr

May

Jun

Jul

Aug

Sep

Oct

Nov

Dec

Sun exposure

In this area, properties receive around 9.4 hours in June and 7.3 hours in December, placing it above the U.S. average for solar exposure.

9.4 hrs

7.3 hrs

JuneDecember

Provided by Shadowmap

Estimated sale price

$804,000 – $973,000

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Team Z Realty

New listings for sale in 92028

NEW 1 HR AGO

$1,350,000

4 beds2.5 baths2,646 sq ft

1850 Canyon Heights Rd, Fallbrook, CA 92028

NEW 2 HRS AGO

$795,000

3 beds2.5 baths2,023 sq ft

1422 E Fallbrook St, Fallbrook, CA 92028

OPEN SUN, 12PM TO 3PM

$249,000

3 beds2 baths1,210 sq ft

1120 E Mission Rd #22, Fallbrook, CA 92028

NEW 23 HRS AGO

$2,149,999

4 beds3 baths3,565 sq ft

2440 Los Alisos, Fallbrook, CA 92028

$263,000

2 beds2 baths1,248 sq ft

4747 Oak Crest Rd #78, Fallbrook, CA 92028

3D WALKTHROUGH

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4 beds3.5 baths3,756 sq ft

33 Gateview Dr, Fallbrook, CA 92028

$575,000

2 beds2 baths1,196 sq ft

4218 Los Padres Dr, Fallbrook, CA 92028

OPEN WED, 11:30AM TO 2:30PM3D WALKTHROUGH

$1,849,000

4 beds4.5 baths4,138 sq ft

4284 Fallsbrae Rd, Fallbrook, CA 92028

Keller Williams Realty

$1,100,000

3 beds2.5 baths2,200 sq ft

5012 Sleeping Indian, Fallbrook, CA 92028

CRG Properties

Home values near 1022 Rainbow Crest Rd

Data from public records.

Address	Redfin Estimate
1103 Rainbow Crest Rd, Fallbrook, CA 3 Beds \| 3 Baths \| 1942 Sq. Ft.	$852,474
1018 Rainbow Crest Rd, Fallbrook, CA 2 Beds \| 2 Baths \| 1727 Sq. Ft.	$812,804

Address	Redfin Estimate
1078 Rainbow Crest Rd, Fallbrook, CA 2 Beds \| 2 Baths \| 1967 Sq. Ft.	$1,073,346
1012 Rainbow Crest Rd, Fallbrook, CA 3 Beds \| 2 Baths \| 1934 Sq. Ft.	$771,847

Address	Redfin Estimate
1027 Rainbow Crest Rd, Fallbrook, CA 2 Beds \| 1 Baths \| 884 Sq. Ft.	$811,676
1045 Rainbow Crest Rd, Fallbrook, CA 5 Beds \| 3 Baths \| 2784 Sq. Ft.	$971,006

Property information provided by CRMLS when last listed in 2020. This data may not match . Learn more.

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About this home

Redfin Estimate

Earn from this home

Market trends in 92028, CA

Sale history for 1022 Rainbow Crest Rd

Tax history for 1022 Rainbow Crest Rd

Public record

Property details

Around this home

Lifestyle

Climate risks

Historical weather

Sun exposure

Nearby similar homes

New listings for sale in 92028

Home values near 1022 Rainbow Crest Rd

More real estate resources