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Sold for $1,065,000 on 08/30/24
  • Listing Provided by: 

    Rebecca Monge DRE #01961244 760-912-4731,

    Professional Realty Services,

    Alysha Tanksley DRE #01906333 760-520-3159,

    Professional Realty Services

    Bought with: Realty ONE Group Pacific
    $1,065,000

    5534 Rainbow Heights Rd, Fallbrook, CA 92028

    3beds
    2,515sqft
    Single Family Residence
    Built in 1978
    2.58 Acres Lot
    $1,035,100 Zestimate®
    $423/sqft
    $4,011 Estimated rent

    Home value

    $1,035,100

    $942,000 - $1.13M

    $4,011/mo

    Zestimate® history
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    What's special

    Welcome to your dream home, a paradise that feels like a perpetual vacation! This enchanting compound is connected by charming pathways, bridges, and breezeways, all nestled amidst quaint gardens and romantic seating areas with lush, mature landscaping and pontoon lighting. Enjoy outstanding, unobstructed forever views that showcase stunning sunsets and even a glimpse of the ocean on a clear day. Experience tranquility and privacy, while being a mere 5-minutes from the 1-15 Freeway, and approximately 15-minutes to Old Town Temecula or Downtown Fallbrook. The 2-bedroom, 2-bathroom main house exudes rustic charm with beamed ceilings, wood flooring, and a brick wood-burning fireplace. Updated throughout with fresh paint, newly installed 4-inch baseboards, solid wood interior doors, and sliding barn doors. The roomy eat-in kitchen boasts vaulted ceilings, custom cabinetry, an oversized Cherry woodblock island, quartz countertops, and stainless-steel appliances. Six skylights throughout make the home bright and airy with views from nearly every window. Step out the Dutch door to a covered path leading to a separate office or studio, and just steps away is an updated laundry room. A beautiful fenced and hedged terraced garden with rock walls, tile inlays, raised garden beds, and a chicken coop separates the main house from a detached 815 SF, 1-bedroom, 1-bathroom casita with a full-sized kitchen and bathroom. Above the casita is a 250 SF bonus room offering endless possibilities for a man cave, game room, and more. Two garage spaces and a large storage room or workshop provide ample space for parking and equipment. Enjoy the breathtaking views from multiple vantage points throughout the property, including the multi-level Trex deck, courtyard, gazebo, and two expansive decks off the main house. Numerous updates include a newer roof, new electric panel, tankless water heaters, updated deck railing, and more! This life-sized magical woodland is situated on a private road atop 2.56 acres with fruit trees including macadamia nut, apple, plum, lime, lemon, orange, apricot, kumquat, avocado, pomegranate, and blackberries.

    Zillow last checked: 8 hours ago

    Listing updated: October 23, 2025 at 03:16pm

    Listing Provided by:

    Rebecca Monge DRE #01961244 760-912-4731,

    Professional Realty Services,

    Alysha Tanksley DRE #01906333 760-520-3159,

    Professional Realty Services

    Bought with:

    Jennifer Adam, DRE #02237157

    Realty ONE Group Pacific

    Source: CRMLS,MLS#: NDP2405860MLS LogoOriginating MLS: California Regional MLS (North San Diego County & Pacific Southwest AORs)

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 3
    • Bathrooms: 3
    • Full bathrooms: 1
    • 3/4 bathrooms: 2
    Primary bedroom
    • Features: Main Level Primary
    Primary bedroom
    • Features: Primary Suite
    Bedroom
    • Features: Bedroom on Main Level
    Cooling
    • Central Air
    Appliances
    • Included: Dishwasher, Gas Cooktop, Refrigerator, Tankless Water Heater
    • Laundry: Laundry Room, See Remarks
    Features
    • Bedroom on Main Level, Main Level Primary, Primary Suite
    • Has fireplace: Yes
    • Fireplace features: Living Room, Wood Burning
    • Common walls with other units/homes: No Common Walls
    Interior area
    • Total interior livable area: 2,515 sqft

    Property

    Parking
    • Total spaces: 2
    • Parking features: Garage
    • Garage spaces: 2
    Features
    • Levels: One
    • Stories: 1
    • Entry location: Front Door
    • Pool features: None
    • Has view: Yes
    • View description: Hills, Ocean, Panoramic, Valley
    • Has water view: Yes
    • Water view: Ocean
    Lot
    • Size: 2.58 Acres
    • Features: 2-5 Units/Acre
    Details
    • Parcel number: 1026306700
    • Zoning: Agricultural
    • Special conditions: Standard

    Construction

    Type & style
    • Home type: SingleFamily
    • Property subtype: Single Family Residence
    Condition
    • Year built: 1978

    Community & neighborhood

    Community
    • Community features: Foothills, Hiking, Rural
    Location
    • Region: Fallbrook

    Other

    Other facts
    • Listing terms: Cash,Conventional,FHA,Submit,VA Loan

    Price history

    DateEventPrice
    8/30/2024Sold$1,065,000-2.2%$423/sqft
    Source: CRMLS #NDP2405860
    8/1/2024Contingent$1,089,000$433/sqft
    Source: CRMLS #NDP2405860
    7/3/2024Listed for sale$1,089,000+28.1%$433/sqft
    Source: CRMLS #NDP2405860
    7/12/2021Sold$850,000+109.9%$338/sqft
    Source: Public Record
    4/20/2015Sold$405,000-5.8%$161/sqft
    Source: Public Record

    Public tax history

    YearProperty taxesTax assessment
    2025$11,086 +20.1%$1,065,000 +20.4%
    2024$9,227 +2.5%$884,340 +2%
    2023$9,001 +1.4%$867,000 +2%

    Find assessor info on the county website

    Neighborhood: 92028

    Nearby schools

    GreatSchools rating
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    Estimated market value

    $1,035,100

    Get a cash offer in 3 minutes

    Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.

    Estimated market value

    $1,035,100