Listed by Davida Parker•DRE #01951861• Davida Parker, Broker
Contact: 760-707-4607
For sale
$889,988
Est. $6,049/mo —
4
bd
•
3 ba
•
2,602
sq ft
45573 Olympic, Temecula, CA 92592
About this home
Welcome to this highly desired South Temecula Rainbow Canyon Village & Estates beautifully designed home featuring an open and inviting layout with all new flooring, soaring cathedral ceilings and a warm fireplace in the formal living room. Just beyond, the versatile formal dining area can also serve as a bonus living or entertaining space. Step outside to your own backyard oasis featuring a sparkling salt water swimming pool and soothing spa, with your own grapevines, orange, avocado, lemon, and grapefruit trees. Ideal for entertaining and enjoying Temecula Valley's beautiful weather. Entertain in this upgraded quartz kitchen with new appliances, new sliders and windows that open up to expansive back yard. Enjoy Energy efficiency with over 30 Paid Off solar panels, with Two Tesla Power walls. Also included is Paid off RO filter and soft water system. The spacious family room offers a cozy fireplace and new sliding glass doors that lead to the spacious backyard, creating a seamless indoor-outdoor living and entertaining experience. A downstairs bedroom and full bathroom provide ideal accommodations for guests, extended family, or a home office. Upstairs, the private primary suite is a peaceful retreat with French doors opening to a secluded deck where you can unwind while taking in breathtaking mountain sunsets. The ensuite bath includes a luxurious Roman soaking tub, perfect for relaxing at the end of the day. A unique upstairs bonus area with a built-in wet bar adds extra flexibility and sits conveniently between the two secondary bedrooms. This South Temecula location offers convenient access for commuters and is just minutes from shopping, restaurants, entertainment, Temecula Creek Inn & Golf Resort, and Temecula's renowned Wine Country. Don't miss the opportunity to make this exceptional home yours!
Just in time! This Upgraded, Energy Efficient Pool home in South Temecula Rainbow Canyon Villages & Estates has it all. Enjoy entertaining your family and guests in the new upgraded quartz kitchen with large island and French doors that open up to the patio, bbq, and pool area. The home has been upgraded with energy efficient Tesla Solar Panels that are owned, Anlin heat reducing, energy efficient windows, a new multi speed air conditioning unit, new furnace, RO System in the kitchen, fresh paint inside and out, and more! The pool features a new energy saving variable speed pump. As you walk into this home, you enter into a spacious formal living room with cathedral ceilings and a cozy fireplace. Step down into the formal dining room or bonus room. Relax in your spacious family room with updated fireplace and French doors that open out to the backyard. A large downstairs bedroom and full bathroom offer your guests or family a great place to stay. The master suite features French doors that open out onto a private deck with beautiful mountain sunset views. The master bath has a roman style tub to relax. This unique floor plan has a bonus room with a built-in wet bar just outside the two upstairs bedrooms. Enjoy a refreshing swim in your sparkling pool or take a relaxing soak in the spa. Conveniently located in South Temecula for an easy commute and Just minutes away from dining, shopping, entertainment, Temecula Creek Inn & Golf Resort and Temecula's award winning Wine Country. This home is a must see!!!
CRMLS #SW17180798
Oct 13, 2017
Sold
$465,000
$179/sq ft
Sep 19, 2017
Pending
—
Aug 31, 2017
Price Changed
$478,000
$184/sq ft
Aug 5, 2017
Listed
$488,000
$188/sq ft
Aug 5, 2017
Listed
$478,000
$184/sq ft
This beautiful Estates pool home is located in the wonderful community of Rainbow Canyon Villages & Estates. As you walk into this home, you enter into a spacious formal living room with fireplace. Step down into the formal dining room to enjoy your meals in style. The kitchen is a cook's dream with ample counter and storage space with a center island that makes meal preparation a snap. A breakfast nook just off the kitchen makes enjoying your favorite morning beverage a delight! Relax in your spacious family room with French doors that open out onto the patio. A large downstairs bedroom and full bathroom offer your guests a great place to stay if its needed. The master suite features french doors that open out onto a private deck. The master bath has a roman style tub to relax in after a long, tiring day. This unique floor plan has a bonus room with a built in wet bar just outside the two guest bedrooms. Enjoy a refreshing swim in your sparkling pool or take a relaxing soak in the spa after a hard day's work. Just minutes away from dining, shopping, entertainment, Temecula Creek Inn & Golf Resort and Temecula's Award Winning Wine Country, this home is a must see!!!
CRMLS #T11039952
May 31, 2011
Sold
$283,000
$109/sq ft
May 22, 2011
Pending
—
May 4, 2011
Pending
—
Apr 29, 2011
Price Changed
$295,000
$113/sq ft
Mar 30, 2011
Listed
$299,999
$115/sq ft
CRMLS #C09124282
Nov 23, 2009
Listing Removed
—
Nov 20, 2009
Listed
$270,000
$104/sq ft
CRMLS #C09058511
Aug 21, 2009
Listing Removed
—
Jun 1, 2009
Listing Removed
—
May 28, 2009
Listed
$260,000
$100/sq ft
CRMLS #T414166
Apr 1, 2005
Sold
$497,000
$191/sq ft
Sep 30, 2004
Listed
$519,900
$200/sq ft
CRMLS #T309770
Oct 15, 2003
Sold
$425,000
$163/sq ft
Aug 29, 2003
Listed
$425,000
$163/sq ft
CRMLS #T230816
Dec 4, 2002
Listing Removed
—
Jun 4, 2002
Listed
$334,000
$128/sq ft
Public Records
Feb 28, 1991
Sold
$198,000
$76/sq ft
Public Records
Oct 24, 1986
Sold
$165,000
$63/sq ft
Year
Property tax
Land + Additions
Assessment*
2025
$9,449 (+1.6%)
$130,050 + $712,674
$842,724
2024
$9,304 (+0.9%)
$130,050 + $712,674
$842,724
2023
$9,222 (+51.2%)
$127,500 + $698,700
$826,200
2022
$6,098 (+2.1%)
$125,000 + $685,000
$810,000
2021
$5,970 (+1.1%)
$149,570 + $349,001
$498,571
2020
$5,905 (−8.8%)
$146,638 + $342,158
$488,796
2019
$6,475 (+1.9%)
$145,135 + $338,650
$483,785
2018
$6,356 (+65.3%)
$142,290 + $332,010
$474,300
2017
$3,845 (+2.0%)
$55,191 + $257,208
$312,399
2016
$3,771 (+1.8%)
$55,191 + $257,208
$312,399
2015
$3,703 (+3.2%)
$54,109 + $252,165
$306,274
2014
$3,589
$52,255 + $243,513
$295,768
2013
$3,589 (+2.6%)
$52,255 + $243,513
$295,768
2012
$3,497 (+0.8%)
$52,020 + $242,413
$294,433
2011
$3,471 (+2.9%)
$51,000 + $237,660
$288,660
2010
$3,374 (−17.5%)
$58,000 + $228,000
$286,000
2009
$4,088 (−16.2%)
$56,000 + $222,000
$278,000
2008
$4,879
$69,000 + $274,000
$343,000
Public record
Public record
Zoning
Permits
Beds
4
Baths
3
Stories
2
Lot width
—
Lot depth
—
Lot size
8,712 Sq. Ft.
Year renovated
1986
Finished Sq. Ft.
2,602
Unfinished Sq. Ft.
—
Total Sq. Ft.
2,602
Year built
1986
Style
Single Family Residential
County
Riverside County
APN
922282015
Parking Spaces
—
Basement
—
Accessible
—
HOA Dues
—
Garage
—
Features
—
Last updated by owner on Aug 8, 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
Apr 25, 2023 • Final
Residential solar/photovoltaic system- standard expedited
Electrical
Solar
Jun 19, 2018 • Final
Residential solar/photovoltaic system- standard expedited
Battery
Electrical
Solar
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.
Climate risks
1/10 Flood Factor
Minimal risk of a flood reaching the building in the next 30 years
7/10 Fire Factor
24% chance of being in a wildfire in next 30 years
7/10 Heat Factor
8 days above 98° expected this year, 24 days in 30 years
1/10 Wind Factor
Minimal risk of severe winds over next 30 years
6/10 Air Factor
10 unhealthy days expected this year, 12 days in 30 years
Provided by First Street
Historical weather
Temecula, CA • 92592
Average low and high temperatures (°F)
69
42
71
46
74
48
72
49
76
54
82
58
88
61
90
62
86
62
83
53
73
45
72
43
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Sun exposure
89/ 100
Very good sunlight
Sunscore
This home receives average direct sun exposure in Temecula. There appears to be minimal shading by surrounding buildings, terrain, and vegetation.
9.6 hrs
6 hrs
JuneDecember
Provided by Shadowmap
Redfin Estimate for 45573 Olympic
$883,210
$6,778 under list price of $890K
Nearby comparable homes
The Redfin Estimate uses 6 recent nearby sales, priced between $735K to $975K.