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For sale
  • Listing Provided by: 

    Patricia Villanueva DRE #01100323 760-521-8398,

    eXp Realty of Southern CA

    Price cut: $90K (11/11)
    $1,180,000

    1078 Rainbow Crest Rd, Fallbrook, CA 92028

    2beds
    1,967sqft
    : 
    Single Family Residence
    Built in 2002
    1.84 Acres Lot
    $1,159,900 Zestimate®
    $600/sqft
    $-- HOA

    What's special

    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.
    236 days
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    1,865
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    116
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    Zillow last checked: 8 hours ago

    Listing updated: November 12, 2025 at 01:44pm

    Listing Provided by:

    Patricia Villanueva DRE #01100323 760-521-8398,

    eXp Realty of Southern CA

    Source: CRMLS,MLS#: NDP2503614MLS LogoOriginating MLS: California Regional MLS (North San Diego County & Pacific Southwest AORs)

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    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 2
    • Bathrooms: 2
    • Full bathrooms: 2
    Rooms
    • Room types: Art Studio, Bonus Room, Family Room, Game Room, Kitchen, Laundry, Living Room, Office, Retreat, Utility Room, Workshop
    Cooling
    • Central Air, Dual
    Appliances
    • Laundry: Laundry Room
    Features
    • Utility Room, Workshop
    • Has fireplace: Yes
    • Fireplace features: Family Room
    • Common walls with other units/homes: No Common Walls
    Interior area
    • Total interior livable area: 1,967 sqft

    Property

    Parking
    • Total spaces: 2
    • Parking features: Garage - Attached
    • Attached garage spaces: 2
    Features
    • Levels: One
    • Stories: 1
    • Entry location: 1
    • Has private pool: Yes
    • Pool features: In Ground, Solar Heat, Salt Water
    • Has view: Yes
    • View description: Coastline, Hills, Mountain(s), Ocean, Panoramic, Pool
    • Has water view: Yes
    • Water view: Coastline,Ocean
    Lot
    • Size: 1.84 Acres
    • Features: Agricultural, Back Yard, Drip Irrigation/Bubblers, Front Yard, Garden, Lot Over 40000 Sqft, Sprinkler System
    Details
    • Parcel number: 1092700700
    • Zoning: AGRICULTURAL
    • Special conditions: Standard

    Construction

    Type & style
    • Home type: SingleFamily
    • Property subtype: Single Family Residence
    Condition
    • New construction: No
    • Year built: 2002

    Utilities & green energy

    • Sewer: Septic Tank

    Community & HOA

    Community
    • Features: Curbs, Mountainous, Rural
    Location
    • Region: Fallbrook

    Financial & listing details

    • Price per square foot: $600/sqft
    • Tax assessed value: $691,201
    • Annual tax amount: $7,380
    • Date on market: 4/18/2025
    • Cumulative days on market: 237 days
    • Listing terms: Cash,Conventional,1031 Exchange,VA Loan
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    Estimated market value

    $1,159,900

    $1.10M - $1.22M

    $4,133/mo

    Price history

    Price history
    DateEventPrice
    11/11/2025Price change$1,180,000-7.1%$600/sqft
    Source: CRMLS #NDP2503614 Report a problem
    7/17/2025Price change$1,270,000-2.2%$646/sqft
    Source: CRMLS #NDP2503614 Report a problem
    6/22/2025Price change$1,299,000-3.8%$660/sqft
    Source: CRMLS #NDP2503614 Report a problem
    6/9/2025Price change$1,350,000-6.9%$686/sqft
    Source: CRMLS #NDP2503614 Report a problem
    4/18/2025Listed for sale$1,450,000+141.7%$737/sqft
    Source: CRMLS #NDP2503614 Report a problem

    Public tax history

    Public tax history
    YearProperty taxesTax assessment
    2025$7,380 +1.7%$691,201 +2%
    2024$7,258 +2.4%$677,649 +2%
    2023$7,089 +1.1%$664,363 +2%

    Find assessor info on the county website

    BuyAbility℠ payment

    Est. payment
    $7,256/mo
    Principal & interest
    $5693
    Property taxes
    $1150
    Home insurance
    $413

      Climate risks

      Neighborhood: 92028

      Nearby schools

      GreatSchools rating

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