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#: NDP2405860
Originating 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
| Date | Event | Price |
|---|---|---|
| 8/30/2024 | Sold | $1,065,000-2.2%$423/sqft |
Source: | ||
| 8/1/2024 | Contingent | $1,089,000$433/sqft |
Source: | ||
| 7/3/2024 | Listed for sale | $1,089,000+28.1%$433/sqft |
Source: | ||
| 7/12/2021 | Sold | $850,000+109.9%$338/sqft |
Source: Public Record | ||
| 4/20/2015 | Sold | $405,000-5.8%$161/sqft |
Source: Public Record | ||
Public tax history
| Year | Property taxes | Tax 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
- 6/10Vallecitos Elementary SchoolGrades: K-8Distance: 0.6 mi
- 6/10Fallbrook High SchoolGrades: 9-12Distance: 7.1 mi
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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


