37829 Rainbow Drive, Murrieta, California 92563, Murrieta, 92563 - 5 bed, 3 bath
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Murrieta, California 92563
This Spacious Turnkey Residence is listed at $799,000, representing a stable market entry perfectly aligned with its $796,972 Fair Market Value. Boasting a Condition Rating of 3, the 2,873 sqft layout features a highly functional Downstairs Guest Suite, a versatile upstairs loft, and a kitchen updated with modern stainless appliances. The Entertainer’s Backyard serves as a private sanctuary with Mountain Views, high-quality artificial turf, and a full-length patio cover. Zoned for Top-Rated Schools including Alta Murrieta Elementary (9/10) with No HOA fees, this home is an ideal match for Growing Families or Owner-Occupants.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 37829 Rainbow Drive Subject | $774,999* List Price | 5 | 3 | 2,873 | $270 | - |
A 29591 Andromeda Sold | $810,000 | 5 | 4 | 3,233 | $251 | 0.6 mi |
B 29188 Woodbridge Sold | $777,000 | 5 | 3 | 3,113 | $250 | 0.8 mi |
C 29138 Derby Drive Sold | $683,500 | 4 | 3 | 3,168 | $216 | 0.1 mi |
D 29419 Shady Sold | $870,000 | 5 | 3 | 2,999 | $290 | 0.3 mi |
E 29371 Pebble Beach Sold | $810,000 | 4 | 3 | 3,069 | $264 | 0.4 mi |
F 29366 Oakmont Court Sold | $870,000 | 4 | 3 | 3,069 | $283 | 0.4 mi |
G 29648 Pebble Beach Drive Active | $895,000 List Price | 5 | 3 | 3,069 | $292 | 0.6 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
The property is move-in ready and exceptionally well-maintained for its 2002 build date. While the kitchen retains original oak cabinetry and white tile countertops, it has been updated with modern stainless steel appliances and a decorative backsplash. The home features a mix of clean carpeting and updated wood-look flooring. The exterior is in excellent condition with significant upgrades, including a full-length patio cover and high-quality artificial turf, indicating a lack of deferred maintenance.
Elementary School: Alta Murrieta Elementary School (9/10). High School: Chaparral High School (9/10).
The home features a highly functional layout with five bedrooms, including a sought-after downstairs bedroom and full bath, plus a versatile upstairs loft for additional living space.
The oversized lot is fully optimized for outdoor living with a full-length patio cover, a dedicated concrete sports area, and low-maintenance artificial turf, providing a premium space for gatherings.
Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 5, other record bedroom count = 4.
Built in 2002, the interior may feature original finishes that require cosmetic modernization in the kitchen and bathrooms to compete with newer luxury builds in the Murrieta area.
While the location is ideal for commuters, the close proximity to two major freeway interchanges may result in persistent ambient traffic noise for the neighborhood.
Welcome to 37829 Rainbow Drive where space, comfort, and lifestyle come together in one of Murrieta’s most desirable family-friendly neighborhoods. Situated in a quiet community with no HOA, this home offers the perfect blend of convenience and charm. Enjoy easy access to both the 15 and 215 freeways, while being just minutes from beautiful local parks, walking trails, and highly rated schools, making this an ideal location for families and commuters alike. Inside, you’re greeted by a grand formal entry with a spacious living room and formal dining area, setting the tone for both everyday living and entertaining. The heart of the home features an expansive kitchen and family room, designed for connection, comfort, and effortless gatherings. With 5 bedrooms and 3 full bathrooms, this layout is both functional and flexible. A downstairs bedroom and full bath offer the perfect setup for guests, extended family, or a private home office. Upstairs, you’ll find a thoughtfully designed layout with a large loft, ideal as a media room, play space, or additional living area. The primary suite is privately positioned and features a spa-like en-suite with a soaking tub, walk-in shower, and a generously sized walk-in closet. Outside is what truly sets this home apart, an entertainer’s expansive dream backyard. Designed for both relaxation and fun, this oversized space includes a full-length patio cover, multiple seating and entertaining areas, a dedicated concrete space perfect for basketball or outdoor games, and low-maintenance artificial turf for kids and pets to enjoy all year-round
No exterior & parking available.
Grades K-5 • 0.6 mi
Grades K-5 • 1.0 mi
Grades K-5 • 1.3 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 5.0 | 4.0 | 72% |
| Baths | 3.0 | 3.0 | 50% |
| Square foot | 2,873 | 2,531 | 70% |
| Lot Size | 8,276 | 6,970 | 73% |
| Price | $775.0K | $700.0K | 75% |
| Price per sq ft | $270 | $289 | 39% |
| Built year | 2002 | 2003 | 41% |
| HOA | $0 | $0 | 50% |
| Days on market | 21 | 180 | 1% |
Apr 19, 2026
$774,999
$799,000
-3% Price Drop
Initial Listing
Apr 1, 2026
$799,000
Initial Listing
Jul 14, 2021
$650,000
Public Record
Sep 2, 2011
$232,000
Public Record
Nov 19, 2002
$287,000
Public Record