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.
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
Est.:
Single Family Residence
Built in 2002
1.84 Acres Lot
$1,159,900 Zestimate®
$600/sqft
$-- HOA
What's special
- 236 days |
- 1,865 |
- 116 |
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#: NDP2503614
Originating MLS: California Regional MLS (North San Diego County & Pacific Southwest AORs)
Tour with a local agent
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
Video & virtual tour
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
Estimated market value
$1,159,900
$1.10M - $1.22M
$4,133/mo
Price history
Price history
| Date | Event | Price |
|---|---|---|
| 11/11/2025 | Price change | $1,180,000-7.1%$600/sqft |
Source: | ||
| 7/17/2025 | Price change | $1,270,000-2.2%$646/sqft |
Source: | ||
| 6/22/2025 | Price change | $1,299,000-3.8%$660/sqft |
Source: | ||
| 6/9/2025 | Price change | $1,350,000-6.9%$686/sqft |
Source: | ||
| 4/18/2025 | Listed for sale | $1,450,000+141.7%$737/sqft |
Source: | ||
Public tax history
Public tax history
| Year | Property taxes | Tax 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
- 6/10Vallecitos Elementary SchoolGrades: K-8Distance: 1.9 mi
- 6/10Fallbrook High SchoolGrades: 9-12Distance: 7 mi
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