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.
Single-familyProperty Type
2002Year Built
1.84 acresLot Size
$546Est. Price/Sq.Ft.
2 car garageParking
Listed by Patricia Villanueva•DRE #01100323• eXp Realty of Southern CA
Bought with Stephanie Devey•DRE #02155981• Keller Williams Realty Riv
Very private, quiet, serene, dynamite views, this beautiful home was custom built in 2002, travertine floors, large family room with fireplace and kitchen with custom cabinets and granite counter tops. Large master bedroom with an outstanding bathroom, lots of storage, property fenced and gated. All of this with those wonderful views of the mountains and valleys and far west to enjoy. Neighborhoods: Rainbow Equipment: Garage Door Opener, Range/Oven Other Fees: 0 Sewer: Septic Installed Topography: ,GSL
SDMLS #150040264
Sep 9, 2015
Sold
$525,000
$267/sq ft
Aug 21, 2015
Pending
—
Jul 22, 2015
Listed
$525,000
$267/sq ft
CRMLS #SW15144310
Sep 9, 2015
Sold
$525,000
$267/sq ft
Aug 13, 2015
Pending
—
Jul 12, 2015
Relisted
—
Jul 12, 2015
Price Changed
$525,000
$267/sq ft
Jul 11, 2015
Listing Removed
—
Jul 2, 2015
Listed
$575,000
$292/sq ft
Public Records
Apr 3, 2000
Sold
$82,000
$42/sq ft
Year
Property tax
Land + Additions
Assessment*
2025
$7,380 (+1.7%)
$318,717 + $386,307
$705,024
2024
$7,258 (+2.4%)
$312,468 + $378,733
$691,201
2023
$7,089 (+1.1%)
$306,342 + $371,307
$677,649
2022
$7,013 (+8.1%)
$300,336 + $364,027
$664,363
2021
$6,488 (+4.1%)
$294,448 + $356,890
$651,338
2020
$6,232 (+3.9%)
$288,675 + $317,540
$606,215
2019
$5,999 (+2.5%)
$270,608 + $297,668
$568,276
2018
$5,854 (+2.0%)
$265,302 + $291,832
$557,134
2017
$5,737 (+2.2%)
$255,000 + $280,500
$535,500
2016
$5,615 (+52.6%)
$255,000 + $280,500
$535,500
2015
$3,680 (+2.3%)
$250,000 + $275,000
$525,000
2014
$3,599 (+0.8%)
$108,830 + $228,967
$337,797
2013
$3,570 (+1.5%)
$108,830 + $228,967
$337,797
2012
$3,516 (+2.1%)
$108,339 + $227,933
$336,272
2011
$3,442 (+1.1%)
$106,215 + $223,464
$329,679
2010
$3,404 (+1.1%)
$104,133 + $219,083
$323,216
2009
$3,369 (+1.8%)
$103,355 + $217,446
$320,801
2008
$3,309
$103,601 + $217,963
$321,564
Tax history for 1078 Rainbow Crest Rd
Year
Property tax
Land + Additions
Assessment*
2025
$7,380 (+1.7%)
$318,717 + $386,307
$705,024
2024
$7,258 (+2.4%)
$312,468 + $378,733
$691,201
2023
$7,089 (+1.1%)
$306,342 + $371,307
$677,649
2022
$7,013 (+8.1%)
$300,336 + $364,027
$664,363
2021
$6,488 (+4.1%)
$294,448 + $356,890
$651,338
2020
$6,232 (+3.9%)
$288,675 + $317,540
$606,215
2019
$5,999 (+2.5%)
$270,608 + $297,668
$568,276
2018
$5,854 (+2.0%)
$265,302 + $291,832
$557,134
2017
$5,737 (+2.2%)
$255,000 + $280,500
$535,500
2016
$5,615 (+52.6%)
$255,000 + $280,500
$535,500
2015
$3,680 (+2.3%)
$250,000 + $275,000
$525,000
2014
$3,599 (+0.8%)
$108,830 + $228,967
$337,797
2013
$3,570 (+1.5%)
$108,830 + $228,967
$337,797
2012
$3,516 (+2.1%)
$108,339 + $227,933
$336,272
2011
$3,442 (+1.1%)
$106,215 + $223,464
$329,679
2010
$3,404 (+1.1%)
$104,133 + $219,083
$323,216
2009
$3,369 (+1.8%)
$103,355 + $217,446
$320,801
2008
$3,309
$103,601 + $217,963
$321,564
*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
2
Baths
2
Stories
—
Lot width
—
Lot depth
—
Lot size
1.84 Acres
Year renovated
2002
Sq. Ft.
1,967
Year built
2002
Style
Single Family Residential
County
San Diego County
APN
1092700700
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
# of Parking Spaces: 2
Interior
Laundry Information
Has Laundry
Individual Room
Bathroom Information
# of Baths (Full): 2
Cooling Information
Central, Dual
Has Cooling
Room Information
Art Studio, Bonus Room, Family Room, Game Room, Kitchen, Laundry, Living Room, Office, Retreat, Utility Room, Workshop
Fireplace Information
Family Room
Has Fireplace
Interior Features
Entry Level: 1
Entry Location: 1
Levels: One
Exterior
Exterior Features
Pool Features: In Ground, Saltwater, Solar Heat
Has Pool
Has Sprinklers
Lot Information
Lot Size Source: Assessor's Data
Lot Features: Agricultural, Back Yard, Front Yard, Garden, Lot Over 40000 Sqft, Sprinkler System, Sprinklers Drip System
Property Information
Common Walls: No Common Walls
Living Area Source: Assessor's Data
Parcel Number: 1092700700
Total # of Stories: 1
Has View
Year Built Source: Assessor
Utilities
Utilities Information
Sewer: Septic Tank
Location
Multi-Unit Information
# of Units In Community: 1
Neighborhood Information
Community Features: Curbs, Mountainous, Rural
School Information
High School District: Fallbrook Union
Location Information
Latitude: 33.38967200
Longitude: -117.13122400
Directions: Old Hwy 395, Rainbow Glen, Rainbow Valley Blvd, Rice Canyon Rd, Rainbow Heights Rd, Rainbow Crest Rd.
Zoning: AGRICULTURAL
Public facts
Beds: 2
Baths: 2.0
Sq. Ft.: 1,967
Stories: —
Lot Size: 1.84 acres
Style: Single Family Residential
Year Built: 2002
Year Renovated: 2002
County: San Diego County
APN: 1092700700
Home facts updated by county records on Aug 20, 2026
Other
Listing Information
Days Active in MLS: 255
Continuous Days Active in MLS: 255
Listing Agent Information
List Agent First Name: Patricia
List Agent Last Name: Villanueva
Listing Office Information
List Office Name: eXp Realty of Southern CA
Selling Agent Information
Buyer Agent First Name: Stephanie
Buyer Agent Last Name: Devey
Selling Office Information
Buyer Office Name: Keller Williams Realty Riv
Around this home
Schools
Places
Transit
Vallecitos Elementary School
Public K-8 • Assigned • 1.9mi
6/10
Fallbrook High School
Public 9-12 • Assigned • 7.0mi
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
0 hot days expected this year, 0 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)
69
49
70
51
73
52
70
51
74
55
78
58
81
60
87
63
84
63
80
57
72
51
70
49
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
$1.02M – $1.24M
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