Gathering space extraordinaire! Gorgeous POOL home on an large, flat rectangular lot in the desirable Rainbow Canyon Villages and Estates community. Located in the peaceful interior portion of this established community and in close proximity to San Diego County, all who enter are welcomed by a covered front patio that leads graciously 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 and faces the breathtaking backyard with a soothing pool and spa with waterfall feature that were lovingly resurfaced in 2025. The expansive primary suite offers more backyard views, dual sinks, a soaking tub with shower, multiple closets, and a semi-private loft with exterior and interior balconies. Upstairs are two additional guest bedrooms, a full guest bath, and hallway storage cabinets. A generous downstairs bedroom and ¾ bath offer added flexibility for a home office, multigenerational living or other option limited only by your imagination. The living and dining areas open to the resort-style backyard--a true showcase feature. Take in the iconic views of local Temecula hills and mountains. With summer upon us, there is no better time to plunge into this entertainer's delight. There is a Puronics water purification system installed in 2021 and the upgraded NexGen HVAC system was installed in 2023. Conveniently located near Rainbow Canyon Road and Temecula Creek Golf Course, Pechanga Resort, with Wine Country just a few miles to the east. Zoned for Great Oak High School. A large, well-designed laundry and utility room completes the home. Low HOA and low taxes!
Single-familyProperty Type
1986Year Built
7,405 sq ftLot Size
$363Price/Sq.Ft.
$72/moHOA Dues
2 car garageParking
Listed by Sherry Powers•DRE #02002017• AARE
Contact: 949-394-3685
Bought with Jessica Genung•DRE #01876252• Real Brokerage Technologies
Bought with Christopher Genung•DRE #01394664• Real Brokerage Technologies
Est. $3,410 per month, based on comparable rentals
Sale and tax history for 45534 Olympic Way
Sale History
Tax History
Date
Event
Price
Public Records
Jul 24, 2026
Sold
$750,000
$363/sq ft
CRMLS #SW26092142
Jul 24, 2026
Sold
$749,900
$363/sq ft
Jul 9, 2026
Pending
—
Jun 24, 2026
Contingent
—
Jun 1, 2026
Price Changed
$749,900
$363/sq ft
May 7, 2026
Listed
$764,900
$370/sq ft
Apr 29, 2026
Coming Soon
$764,900
$370/sq ft
CRMLS #T213472
Aug 12, 2001
Listing Removed
—
Feb 12, 2001
Listed
$229,900
$111/sq ft
Public Records
Jun 29, 2001
Sold
$230,000
$111/sq ft
Public Records
Aug 13, 1991
Sold
$179,000
$87/sq ft
Year
Property tax
Land + Additions
Assessment*
2025
$4,172 (+1.6%)
$69,148 + $284,326
$353,474
2024
$4,109 (+0.9%)
$67,793 + $278,751
$346,544
2023
$4,073 (+2.5%)
$66,464 + $273,286
$339,750
2022
$3,975 (+2.3%)
$65,161 + $267,928
$333,089
2021
$3,887 (+1.2%)
$63,884 + $262,675
$326,559
2020
$3,843 (+1.6%)
$62,632 + $257,525
$320,157
2019
$3,784 (+2.1%)
$61,990 + $254,885
$316,875
2018
$3,705 (+1.9%)
$60,775 + $249,888
$310,663
2017
$3,636 (+2.0%)
$58,416 + $240,186
$298,602
2016
$3,565 (+1.9%)
$58,416 + $240,186
$298,602
2015
$3,499 (+3.2%)
$57,271 + $235,477
$292,748
2014
$3,390
$55,307 + $227,399
$282,706
2013
$3,389 (+15.7%)
$55,307 + $227,399
$282,706
2012
$2,931 (+2.1%)
$55,058 + $226,372
$281,430
2011
$2,871 (−6.7%)
$47,000 + $195,000
$242,000
2010
$3,078 (−4.0%)
$47,000 + $191,000
$238,000
2009
$3,206 (+1.6%)
$50,000 + $208,000
$258,000
2008
$3,155
$52,652 + $216,471
$269,123
Public record
Public record
Zoning
Permits
Beds
4
Baths
3
Stories
2
Lot width
—
Lot depth
—
Lot size
7,405 Sq. Ft.
Year renovated
1986
Sq. Ft.
2,068
Year built
1986
Style
Single Family Residential
County
Riverside County
APN
922283005
Parking Spaces
—
Basement
—
Accessible
—
HOA Dues
—
Garage
—
Features
—
Last updated by owner on Nov 4, 2026.
LM
Low Medium Density Residential Disrrict
The low medium density residential zoning district is intended to provide for the development of single-family homes. The minimum lot size in the LM zoning district is 7,200 sq ft, with a density range of 3 to 6.9 dwelling units per net acre, and a target density of four and 1.5 dwelling units per net acre.
Permitted uses
Include but are not limited to:
Agriculture
Livestock production
Housing-Single unit
Housing-Senior
Housing-Other
Housing-Mobile home park
Park & open space
Mar 29, 2023 • Final
Residential water heater
Plumbing
Water heater
Permit history is from public records and may be incomplete or inaccurate. Redfin and its agents make no representations about the property condition or permit status. Buyers should independently verify all information.
Property details
Parking
Parking / Garage Information
Attached Garage
# of Garage Spaces: 2
Garage, Driveway - Concrete, Direct Garage Access, Garage - Front Entry, Driveway
Has Parking
# of Parking Spaces: 2
Interior
Laundry Information
Has Laundry
Inside, Gas Dryer Hookup, Individual Room, Washer Hookup
Kitchen Information
Appliances: Gas Cooktop, Water Heater Unit, Microwave, Water Softener, Water Purifier, Water Line to Refrigerator, Gas Oven, Dishwasher
Tile Counters, Soaking Tub, Shower in Tub, Exhaust fan(s), Double Sinks In Master Bath, Shower
Cooling Information
Electric, Central
Has Cooling
Room Information
Primary Bedroom, Utility Room, Separate Family Room, Laundry, Kitchen, Living Room, Main Floor Bedroom, Family Room, Loft, Primary Suite, Primary Bathroom