Sold for $691,000 on 10/24/23
$691,000
721 Rainbow Crest Rd, Fallbrook, CA 92028
4beds
1,836sqft
Single Family Residence
Built in 1977
9.1 Acres Lot
$755,600 Zestimate®
$376/sqft
$3,737 Estimated rent
Home value
$755,600
$695,000 - $824,000
$3,737/mo
Zestimate® history
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Owner options
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What's special
Come home to this amazing hilltop private paradise, nestled amoung the beautiful forest surrounded by nature on it’s own 9.1 acres. This is the perfect home for privacy, yet still close to town, shops, the freeway and so much nature. When it's time to unwind in your amazingly bright and airy open floor plan new home, you'll feel right at home relaxing in the oversized family room next to the fireplace staring out over the picturesque valley and mountains. The master bedroom has it’s own access to the patio and backyard with an attached master bath. The huge, enclosed patio is a year round bonus great for the hot summers and the cool winters with endless amazing mountain views. Step outside and you’re surrounded by the tranquil and surreal natural setting, perfect for family, kids or pets in your huge back yard and 9.1 acres. With over 9.1 acres this yard has so much potential to create your own private paradise by redesigning the detached unit into a great family getaway, Vacation rental or guest quarters. All your guests will the privacy and nature setting of this cute little ADU. This home is a must see and just needs a little TLC with so much more potential inside and out. Lastly, for the nature lovers there tons of walking and hiking trails right out the backdoor. Make this property your very own private nature resort oasis. This home is perfect for families downsizing or upsizing. This beautiful home in an amazing area won’t last! Get it before it’s gone!
Zillow last checked: 8 hours ago
Listing updated: July 01, 2025 at 01:52am
Listed by:
Shane Dailey DRE #01484412 323-821-8323,
Cal Mutual Inc.
Bought with:
Alexandrine Lyons, DRE #02176773
eXp Realty of California, Inc.
Source: SDMLS,MLS#: 230012896
Originating MLS: San Diego Association of REALTOR
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 4
- Bathrooms: 2
- Full bathrooms: 2
Heating
- Fireplace, Forced Air Unit
Cooling
- Central Forced Air
Appliances
- Included: Dishwasher, Built In Range, Built-In
- Laundry: Electric, Other/Remarks
Interior area
- Total structure area: 1,836
- Total interior livable area: 1,836 sqft
Property
Parking
- Total spaces: 8
- Parking features: Attached
- Garage spaces: 2
Features
- Levels: 1 Story
- Pool features: N/K
- Fencing: Gate,Partial,N/K,Other/Remarks,Chain Link
Lot
- Size: 9.10 Acres
Details
- Parcel number: 1102701100
- Zoning: AGRICULTUR
- Zoning description: AGRICULTUR
- Special conditions: Call Agent,Other/Remarks
Construction
Type & style
- Home type: SingleFamily
- Property subtype: Single Family Residence
Materials
- Wood
- Roof: Shingle
Condition
- Year built: 1977
Utilities & green energy
- Sewer: Septic Installed
- Water: Other/Remarks, Public, Well
Community & neighborhood
Location
- Region: Fallbrook
- Subdivision: FALLBROOK
Other
Other facts
- Listing terms: Cash
Price history
| Date | Event | Price |
|---|---|---|
| 10/24/2023 | Sold | $691,000+0.1%$376/sqft |
Source: | ||
| 8/16/2023 | Pending sale | $690,000$376/sqft |
Source: | ||
| 7/24/2023 | Listed for sale | $690,000$376/sqft |
Source: | ||
| 7/19/2023 | Pending sale | $690,000$376/sqft |
Source: | ||
| 7/6/2023 | Listed for sale | $690,000+92.7%$376/sqft |
Source: | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $7,867 +0.4% | $704,820 +2% |
| 2024 | $7,837 +291.5% | $691,000 +369.6% |
| 2023 | $2,002 +0.9% | $147,141 +2% |
Find assessor info on the county website
Neighborhood: 92028
Nearby schools
GreatSchools rating
- 6/10Vallecitos Elementary SchoolGrades: K-8Distance: 2.4 mi
- 6/10Fallbrook High SchoolGrades: 9-12Distance: 7.5 mi
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
$755,600
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
$755,600
