Sold
Last Sold Price
2 beds884 sqft$911/sqft
1027 Rainbow Crest Rd, Fallbrook, CA 92028
Single FamilyProperty Type
1.82 acresLot Size
2005Year Built
$911/sq ftPrice per sq ft
2 carsParking Spaces

Description

Million dollar views! Endless possibilities await. Single story home with a pool. Large 1.8 acres lot provides room for expansion. Panoramic views in the Hills of Rainbow Heights. Perfect place for entertaining friends or hosting large private events with a HUGE yard, pool jacuzzi, swim-up stools/bar, and large wading step for relaxing. Tons of parking and plenty of storage room. Oversized 2 Car Garage, completely finished, with laundry area. 3 Large storage outbuildings with 2 covered carports in...Million dollar views! Endless possibilities await. Single story home with a pool. Large 1.8 acres lot provides room for expansion. Panoramic views in the Hills of Rainbow Heights. Perfect place for entertaining friends or hosting large private events with a HUGE yard, pool jacuzzi, swim-up stools/bar, and large wading step for relaxing. Tons of parking and plenty of storage room. Oversized 2 Car Garage, completely finished, with laundry area. 3 Large storage outbuildings with 2 covered carports in between (Shed sizes: 12'x16', 17'x23', 16'x20'). The property boasts a grand assortment of lively foliage. Avocado, Pomegranate, Navel, Mandarin, Lemon, Kiwi, Oak, and Elegant Coral Trees. Tankless Water heater and AC. The Master features a huge walk-in closet and french doors for access to the massive outdoor covered patio! Designer bathroom with extra-large shower. Oceanview possibilities, can be seen in the property treehouse, and would certainly be seen with any second-floor additions! This Turnkey home is ready for you to move into and live on top of the world! Get a rural country feel with a convenient enough commute. This property is a once-in-a-lifetime opportunity and will not last!
  • Listed by: Javier Zapien DRE #01324983 Brokerage DRE #00852138 • Platinum Realty Executives javier.zapien@gmail.com
Listing closed: 02/06/2024 12:00 AM • Source: CRMLS, MLS#: NDP2400032

Recent comparable sales

Median sold price

$645,000

Avg days on market

24

Sale-to-list ratio

100.1%

Fallbrook, CA

9 comparable properties found

1

$760,000

Sold 04/24/26

2
Bedrooms
1
Bathrooms
896
Square Feet
1.16
Acres
a front view of a house with a yard
2

$655,000

Sold 02/20/26

2
Bedrooms
972
Square Feet
0.16
Acres
a front view of a house with a yard and garage
3

$645,000

Sold 03/11/26

2
Bedrooms
900
Square Feet
0.17
Acres
4

$645,000

Sold 06/22/26

2
Bedrooms
1
Bathrooms
864
Square Feet
1.5
Acres
a backyard of a house
5

$640,000

Sold 11/25/24

2
Bedrooms
974
Square Feet
0.66
Acres
a front view of house with yard and outdoor seating
1/55
6

$620,000

Sold 08/18/25

2
Bedrooms
880
Square Feet
Unavailable
Acres
7

$750,000

Sold 09/26/24

2
Bedrooms
1,118
Square Feet
4.71
Acres
a view of a terrace with a outdoor space
8

$800,000

Sold 09/25/24

2
Bedrooms
932
Square Feet
2.26
Acres
front view of a house with a yard
9

$600,000

Sold 11/26/24

2
Bedrooms
972
Square Feet
0.67
Acres

Location

Listing Courtesy of Platinum Realty Executives, Javier Zapien, DRE #01324983

Sold By eXp Realty of California, Inc., Julie Pegg, DRE #01849975

Add your commute

Payment Calculator

$4,829 per month

30 year fixed, 6.55% Interest

Principal and Interest

$4,092

Property Taxes

$737

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

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Property Information for 1027 Rainbow Crest Road

Property Details
  • MLS Type: Residential / Single Family Residence
  • View: Hills, Mountain(s), Panoramic
  • Parking Spaces Total: 2
  • Private Pool: Yes
  • Cooling Type: Central Air
  • Building Type: Detached
  • Lot Size Source: Assessor
  • Living Area: 884
  • Assessor Parcel Number: 109-270-17-00
  • Property Attached YN: false
  • Common Walls: No Common Walls
  • New Construction: No
  • Stories Total: 1
  • Entry Level: 1
  • Fireplace: No
  • Pool: Yes
  • Spa: Yes
  • View: Yes
  • View: Yes
  • Association: No
  • Association Fee: $.00
  • Zoning: AGRICULTURAL
  • Senior Community: No
  • Parcel Number: 1092701700
  • Area: 92028 - Fallbrook
  • Elementary School: Fallbrook Union Elementary Distr
  • Middle School: Fallbrook Union Elementary Distr
  • High School: Fallbrook Union High School Dist
  • High School District: Fallbrook Union
  • Directions: Take Old Hwy 395 North and Rainbow Valley Blvd to Rainbow Heights Rd in Rainbow. Continue on Rainbow Heights Rd. Drive to Rainbow Crest Rd.
Building Information
  • Stories: 1
  • Year Built: 2005
  • Lot Size: 1.82 AC / 79,279 SF
Income / Expense / Tax Details
Income Details
  • Financing: Other
Tax / Assessment Info
  • Tax Tract Number: 191.01
  • CFD/Mello-Roos Fee: $0
Community / Development
Community / Development
  • Assessments YN: No
  • Assessments: None
  • Community Features: Foothills, Mountainous, Hiking
  • Number Of Units In Community: 1
Property / Structure Info
Interior Features
  • Room Type: All Bedrooms Down, Living Room, Main Floor Bedroom
  • Main Level Bathrooms: 1
Exterior Features
  • Entry Location: Front door
  • Fence: No
  • Structures: Foothills, Mountainous, Horse Property Unimproved
  • Other Structures: Barn(s), Outbuilding, Shed(s), Workshop, Storage
  • Miscellaneous: Foothills, Mountainous, Horse Property Unimproved
  • View Description: Hills, Panoramic
  • Patio: Yes
  • Patio And Porch Features: Covered, Patio, Front Porch, Slab
  • Pool Features: In Ground
  • Pool Description: In Ground
  • Pool: Below Ground
  • Pool Heat: Below Ground
  • Spa Features: Heated, In Ground, Private
  • Spa Heat: Private Below Ground, Heated, Private
Land/Lot Info
  • Sign on Property: Yes
  • Lot Features: Back Yard, Horse Property Unimproved, Ranch, Yard
  • Lease Considered: No
  • Number Of Units: 1
  • Available For Lease: No
  • Land Lease: No
  • Land Lease Type: Fee
  • Sprinklers: No
  • Levels: One
  • Water: Public
  • Sewer: Conventional Septic
  • Sewer/Septic: Conventional Septic
  • Water Source: Public
Parking Info
  • Garage Spaces: 2
  • Parking: No
  • Parking Garage Spaces: 2
  • Carport Spaces: 0
  • Attached Garage: Yes
Property / Structure Info
  • Residential Styles: Detached
  • Residential Unit Location: No Common Walls

Property History for 1027 Rainbow Crest Road

DateEvent & SourcePriceAppreciation
Feb 6, 2024

Sold

CLAW #NDP2400032MR

$805,000
Feb 6, 2024

Sold

SDMLS #NDP2400032

$805,000
Feb 6, 2024

Sold

CRMLS #NDP2400032

$805,000
DateEvent & SourcePrice
02/06/2024

Sold

CLAW #NDP2400032MR

$805,000
02/06/2024

Sold

SDMLS #NDP2400032

$805,000
02/06/2024

Sold

CRMLS #NDP2400032

$805,000

For completeness, we often displays two records for one sale: the MLS record and the public record.

Public Records for 1027 Rainbow Crest Road

Taxable ValueLand$418,200Additions$489,320Total$907,520
Tax Record2025$8,846 ($737 / month)
Home Facts
Beds2Baths1Total Finished SqFt884 SqFtAbove Grade Finished SqFt884 SqFtLot Size79,279 SqFtStyleSingle Family ResidenceYear Built2005Year Renovated2005ZoningA70CountySAN DIEGOAPN109-270-17-00

Schools near 1027 Rainbow Crest Road

This home is within Vallecitos Elementary School District.
Rating
School
Type
Grades
Distance
Public - K to 8
Public - 9 to 12
Public - 9 to 12
Public - 9 to 12
Rating
School
Distance
Vallecitos Elementary School
PublicK to 8

Fallbrook High School
Public9 to 12

Ivy High (Continuation) School
Public9 to 12

Oasis High (Alternative) School
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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Nearby home values

AddressSold priceBedsBathsSqftLot (Sqft)
This home: 1027 Rainbow Crest Road, Fallbrook, CA 92028
$805,000
2
884
79,279
$635,000
5
2,784
51,400
$1,145,000
2
1,967
80,150
$200,000
648
85,813
2
2
1,280
76,666
3
2.5
1,942
226,076

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of any information, descriptions or measurements (including square footage measurements and property condition), such should be independently verified through appropriate means, including, but not limited to, in person inspection and public records, and Compass International Holdings, its subsidiaries, affiliates and independently owned and operated franchisees, and their affiliated agents and associated third parties expressly disclaim any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the seller's discretion. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Platinum Realty Executives, Javier Zapien, DRE #01324983

This information is deemed reliable but not guaranteed. You should rely on this information only to decide whether or not to further investigate a particular property. BEFORE MAKING ANY OTHER DECISION, YOU SHOULD PERSONALLY INVESTIGATE THE FACTS (e.g. square footage and lot size) with the assistance of an appropriate professional. You may use this information only to identify properties you may be interested in investigating further. All uses except for personal, non-commercial use in accordance with the foregoing purpose are prohibited. Redistribution or copying of this information, any photographs or video tours is strictly prohibited. This information is derived from the Internet Data Exchange (IDX) service provided by SDMLS®. Displayed property listings may be held by a brokerage firm other than the broker and/or agent responsible for this display. The information and any photographs and video tours and the compilation from which they are derived is protected by copyright. Compilation © 2026 SDMLS®, Inc.