1078 Rainbow Crest Road, Fallbrook, California 92028, Fallbrook, 92028 - 2 bed, 2 bath

1078 Rainbow Crest Road, Fallbrook, California 92028 home-pic-0
ACTIVE$1,180,000
1078 Rainbow Crest Road, Fallbrook, California 92028
2Beds
2Baths
1,967Sqft
80,150.398Lot

Price Vs. Estimate

Estimation data not available

Key pros and cons

Top Pros:
High Available Lot Utilization: The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 80150, living area = 1967.
Top Cons:
Limited Bedroom Count: With 2 bedrooms plus a den (convertible to a 3rd), the property's 1,967 sq. ft. might be considered less efficient for larger families requiring more dedicated sleeping areas.

Compared to the nearby listings

Price:$1.18M vs avg $884.0K (+$296,000)75%
Size:1,967 sqft vs avg 2,173 sqft38%
Price/sqft:$600 vs avg $42394%

More Insights

Built in 2002 (23 years old).
Condition: Built in 2002, this property has undergone extensive and recent renovations, including new flooring, a freshly painted exterior, a 2022 saltwater pool, and a 2023 owned solar system with Tesla Wall Batteries and a backup generator. The kitchen features modern white shaker cabinets, updated appliances, and contemporary finishes. Bathrooms are also recently updated with modern vanities, fixtures, and tiling. All components appear virtually new, meeting current quality standards with no deferred maintenance, aligning perfectly with an 'excellent' condition rating.
Year Built
2002
Close
-
List price
$1.18M
Original List price
$1.45M
Price/Sqft
$600
HOA
-
Days on market
-
Sold On
-
MLS number
NDP2503614
Home ConditionExcellent
Features
Excellent View: Coastline, Hills, Mountain(s), Ocean, Panoramic, Pool
Deck
Pool
Spa
Patio
ViewCoastline, Hills, Mountain(s), Ocean, Panoramic, Pool

About this home

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.

Condition Rating
Excellent

Built in 2002, this property has undergone extensive and recent renovations, including new flooring, a freshly painted exterior, a 2022 saltwater pool, and a 2023 owned solar system with Tesla Wall Batteries and a backup generator. The kitchen features modern white shaker cabinets, updated appliances, and contemporary finishes. Bathrooms are also recently updated with modern vanities, fixtures, and tiling. All components appear virtually new, meeting current quality standards with no deferred maintenance, aligning perfectly with an 'excellent' condition rating.
Pros & Cons

Pros

High Available Lot Utilization: The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 80150, living area = 1967.
Panoramic Ocean Views & Elevated Privacy: Offers breathtaking ocean and sunset views from 1,584 feet above sea level, complemented by a private, gated 1.84-acre lot.
Cutting-Edge Energy Independence: Features a 2023 owned solar system with two Tesla Wall Batteries and a backup generator, providing significant energy savings and reliability.
Resort-Style Outdoor Amenities: Includes a 2022 saltwater pool with solar heating, extensive landscaping, a greenhouse, chicken coop, and mature fruit trees, creating a self-sufficient oasis.
Flexible Detached Studio Space: A separate 10x12 detached studio with a mezzanine offers versatile options for a home office, art studio, or guest quarters.
Modern Comfort & Safety Upgrades: Recently updated with new flooring, fresh paint, dual A/C systems, a Culligan RO water filter, and fire sprinklers for enhanced living.

Cons

Limited Bedroom Count: With 2 bedrooms plus a den (convertible to a 3rd), the property's 1,967 sq. ft. might be considered less efficient for larger families requiring more dedicated sleeping areas.
Extensive Grounds Maintenance: The 1.84-acre lot with a pool, landscaping, greenhouse, and fruit trees, while beautiful, will require significant ongoing time and financial investment for upkeep.
Rural Location Appeal: While offering privacy and country living, its location on the eastern edge of Fallbrook may be perceived as more remote for buyers prioritizing proximity to urban centers or a shorter commute.

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