Skip main navigation
Pending
  • $1,100,000

    1029 Rainbow Valley Ct, Fallbrook, CA 92028

    4beds
    1,792sqft
    : 
    Single Family Residence
    Built in 1963
    1.97 Acres Lot
    $-- Zestimate®
    $614/sqft
    $-- HOA

    What's special

    Sweeping viewsContemporary finishesTranquil hillsSpa-like en-suite bathroomChef-inspired kitchenHidden pantryOpen-concept layout
    Welcome to your new home, a beautifully renovated 4-bedroom, 3-bathroom retreat nestled in the tranquil hills of Rainbow, Fallbrook. Set on nearly 2 acres of panoramic beauty, this home combines modern elegance with the peaceful charm of country living. Step inside to discover an open-concept layout filled with natural light and sweeping views from every angle. The expansive living area flows seamlessly into the dining space and a chef-inspired kitchen, complete with stainless steel appliances, abundant cabinetry, hidden pantry and generous counter space — all framed by La Cantina–style doors that open to stunning outdoor vistas and the attached deck. The primary suite is a private oasis featuring a spa-like en-suite bathroom with a soaking tub and an oversized walk-in shower. Every bathroom throughout the home showcases contemporary finishes and thoughtful design. Enjoy the convenience of two laundry areas, two garages (one attached and one detached), and ample parking and storage — perfect for hobbies, guests, or multi-generational living. Your pets will love it here too — the property is pet-friendly with fencing and plenty of space to roam. Whether you’re unwinding on the balcony with panoramic views, hosting under the stars, or simply soaking in the peaceful views, this property offers the ideal blend of modern comfort and rural tranquility.
    58 days
    |
    195
    |
    3
    |

    Zillow last checked: 8 hours ago

    Listing updated: November 04, 2025 at 11:48pm

    Listed by:

    Theresa Mack DRE #01893281 858-230-4850,

    eXp Realty of California, Inc.

    Source: SDMLS,MLS#: 250042107MLS LogoOriginating MLS: San Diego Association of REALTOR

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 4
    • Bathrooms: 3
    • Full bathrooms: 3
    Heating
    • Heat Pump
    Cooling
    • Central Forced Air
    Appliances
    • Included: Dishwasher, Disposal, Dryer, Washer
    • Laundry: Electric
    Features
    • Balcony, Bathtub, Cathedral-Vaulted Ceiling
    • Number of fireplaces: 1
    • Fireplace features: FP in Living Room, Electric
    Interior area
    • Total structure area: 1,792
    • Total interior livable area: 1,792 sqft
    Video & virtual tour

    Property

    Parking
    • Total spaces: 10
    • Parking features: Attached, Detached
    • Garage spaces: 4
    Features
    • Levels: 1 Story
    • Pool features: N/K
    • Fencing: Full
    • Has view: Yes
    • View description: Evening Lights, Mountains/Hills, Panoramic
    Lot
    • Size: 1.97 Acres
    Details
    • Additional structures: Shed, Shop
    • Parcel number: 1026601500
    • Zoning: AGRICULTUR
    • Zoning description: AGRICULTUR

    Construction

    Type & style
    • Home type: SingleFamily
    • Property subtype: Single Family Residence
    Materials
    • Wood
    • Roof: Composition
    Condition
    • Turnkey
    • Year built: 1963

    Utilities & green energy

    • Sewer: Septic Installed
    • Water: Meter on Property

    Community & HOA

    Community
    • Subdivision: FALLBROOK
    Location
    • Region: Fallbrook

    Financial & listing details

    • Price per square foot: $614/sqft
    • Tax assessed value: $936,358
    • Annual tax amount: $9,793
    • Date on market: 10/20/2025
    • Listing terms: Cal Vet,Conventional,FHA,VA
    Get pre-qualifiedBe ready to make an offer.
    Connect with an agentGet info on this home, tour, and more.
    Calculate monthly paymentSee if you can afford this home.

    Estimated market value

    Not available

    Estimated sales range

    Not available

    $4,190/mo

    Price history

    Price history
    DateEventPrice
    11/5/2025Pending sale$1,100,000$614/sqft
    Source: SDMLS #250042107 Report a problem
    10/20/2025Listed for sale$1,100,000+22.2%$614/sqft
    Source: SDMLS #250042107 Report a problem
    10/20/2025Listing removed$4,500$3/sqft
    Source: Zillow Rentals Report a problem
    9/8/2025Price change$4,500-8.2%$3/sqft
    Source: Zillow Rentals Report a problem
    8/28/2025Listed for rent$4,900-5.8%$3/sqft
    Source: Zillow Rentals Report a problem

    Public tax history

    Public tax history
    YearProperty taxesTax assessment
    2025$9,793 +1.8%$936,358 +2%
    2024$9,619 +34.6%$917,999 +34.3%
    2023$7,145 +15.5%$683,399 +16.3%

    Find assessor info on the county website

    BuyAbility℠ payment

    Est. payment
    $6,739/mo
    Principal & interest
    $5282
    Property taxes
    $1072
    Home insurance
    $385

      Climate risks

      Neighborhood: 92028

      Nearby schools

      GreatSchools rating

      Similar homes

      Skip to the end of the carouselSkip to the beginning of the carousel
      • Loading