
Fallbrook, California 92028
This Spacious Custom Estate is a Strong Value Opportunity, listed at $1,045,000—positioned well below the $1,099,352 Fair Market Value by 4%. This valuation gap offers $54,352 in Instant Equity for the buyer. Featuring a Fair Condition Rating, the home offers Santa Monica Hickory flooring and panoramic views on a 3.68-acre lot. With an artist's studio and no HOA, this property balances rural privacy with investment potential. It is an ideal acquisition for Owner-Occupants or lifestyle-focused buyers.
Property is moderate renovation needed.
Built in 1990 (34 years old), the property falls into the fair category due to its age and dated interior. While the home is well-maintained with a newer roof and updated hickory wood flooring, the kitchen cabinetry and bathroom fixtures reflect older renovation styles (>20 years) that, while functional, lack modern updates.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 160301, living area = 2820.
The property spans 3.68 acres featuring a thriving avocado grove and offers ultimate privacy with no HOA fees or gated community restrictions.
Exceptional canyon and mountain views are paired with extensive custom decking and a detached outbuilding that serves as an artist studio or workshop.
The large acreage, active agricultural grove, and expansive wood decking necessitate ongoing labor and higher-than-average maintenance costs.
Reliance on a septic system and the inherent upkeep of a 1990-built rural estate may pose challenges for buyers accustomed to suburban utility simplicity.
This exceptional custom estate on 3.68 acres offers breathtaking panoramic views, a thriving avocado grove, and a peaceful lifestyle. Tucked away on a quiet street, this secluded property overlooks the picturesque hills of Rainbow and provides endless privacy without the restrictions of a gated community, all with low taxes and no HOA. Ideally located, this retreat offers the best of So California living—16 minutes from Temecula's renowned Wine Country, shopping, and entertainment, while also providing convenient access to the coast for beach days and ocean breezes. From the moment you step inside, you'll appreciate the warmth and character of the home, highlighted by beautiful Santa Monica Hickory wood flooring, French doors, exposed beams, and expansive picture windows, that showcase the surrounding countryside and avocado groves. The thoughtfully designed floor plan features three bedrooms, including two bedrooms and a full bath on the main level. A private den just off the kitchen creates the perfect space for a home office, reading room, complete with rustic beams. Upstairs, in addition to the spacious primary suite there is an adjacent bonus loft area, ideal for a home office, or sitting room. The primary suite also features a hidden room with additional storage area. Primary ensuite bath with a large walk-in shower. The kitchen is a chefs delight w room for an island and complemented by a walk-in pantry conveniently located near the laundry room, which includes a utility sink, washer and dryer, and direct access to the outdoors. 2 car garage Outdoor living is truly exceptional, with custom decking surrounding the backyard and multiple vantage points to take in the endless views and stunning sunsets. The property also includes a detached outbuilding featuring an artist's studio or creative space on the upper level, with an additional workshop. Room to accommodate RV parking, recreational vehicles, and multiple cars, the property offers flexibility rarely found in today's market. Enjoy the benefits of city water through Rainbow Water District service, and natural gas, a septic system, and a newer roof on the home. Surrounded by healthy avocado trees and commanding views, this one-of-a-kind Rainbow retreat combines comfort, and unmatched privacy in a truly remarkable setting. Whether you're seeking a full-time residence, or country escape with easy access to Wine Country, this remarkable property delivers it all.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 4.0 |
| Baths | 3.0 | 3.0 |
| Square foot | 2,820 | 2,169 |
| Lot Size | 160,301 | 47,480.4 |
| Price | $1.04M | $917.5K |
| Price per sq ft | $371 | $426 |
| Built year | 1990 | 1991 |
| HOA | $0 | $176 |
| Days on market | 40 | 60 |
Jun 12, 2026
$1,045,000
Initial Listing