Listed by Patricia Villanueva, eXp Realty of Southern CA, (888) 294-1415 . Bought with Keller Williams Realty Riv
1078 Rainbow Crest Rd
Fallbrook, CA 92028
- 2 Beds
- 2 Baths
- 1,967 sqft (on 1.84 acres)
2 Beds
2 Baths
1,967 sqft
(on 1.84 acres)
Home Value
Trulia Estimate
$1.14MSince last month
Decreased$3K (-0.3%)Since last year
Decreased$88K (-7.2%)Since last sale
Decreased$2K (-0.1%)Learn more about this home's value by checking out its Trulia Estimate, the value of nearby homes, and how much similar homes have sold for.
Trulia Estimate
The of this home's value increased by +105% in the last 10 years
| Month | Estimated value |
|---|---|
2026 | |
| August 2026 | $1.14M |
| July 2026 | $1.15M |
| June 2026 | $1.16M |
| May 2026 | $1.14M |
| April 2026 | $1.15M |
| March 2026 | $1.15M |
| February 2026 | $1.15M |
2025 | |
2024 | |
2023 | |
2022 | |
2021 | |
2020 | |
2019 | |
2018 | |
2017 | |
2016 | |
Comparable sales
These are recently sold homes that have a similar location or other similar features to this home, like bedrooms, bathrooms, and square footage. Get a sense of the expected prices in the area by viewing these homes.Address | Distance | Property Type | Sold Price | Sold Date | Bed | Bath | Sqft |
|---|---|---|---|---|---|---|---|
0.34 | Single-Family Home | $1,133,000 | 09/18/25 | 3 | 2 | 2,120 | |
0.75 | Single-Family Home | $975,000 | 04/01/26 | 5 | 3 | 2,528 | |
0.89 | Single-Family Home | $895,000 | 12/08/25 | 4 | 2 | 1,477 | |
1.02 | Single-Family Home | $1,060,000 | 04/24/26 | 3 | 2.5 | 2,400 | |
0.83 | Single-Family Home | $1,250,000 | 02/06/26 | 3 | 3 | 2,900 | |
0.49 | Single-Family Home | $1,100,000 | 11/05/25 | 4 | 3 | 5,117 | |
1.01 | Single-Family Home | $580,000 | 10/29/25 | 2 | 2 | 1,371 | |
0.91 | Single-Family Home | $951,000 | 10/22/25 | 4 | 3.5 | 4,027 |
Nearby home prices
Get a sense of expected prices in the area by checking the value of nearby homes.Address | Distance | Price | Bed | Bath | Sqft | Status |
|---|---|---|---|---|---|---|
0.08 | $819,400 | 2 | 1 | 884 | Off Market | |
0.10 | - | - | - | - | Off Market | |
0.12 | $745,000 | 2 | 1.5 | 1,260 | For Sale | |
0.27 | $225,000 | - | - | - | For Sale | |
0.33 | $3,999,000 | 4 | 3 | 2,568 | For Sale | |
0.34 | $1,143,200 | 3 | 2 | 2,120 | Off Market | |
0.49 | $699,000 | 2 | 1 | 1,826 | For Sale | |
0.49 | $1,100,000 | 4 | 3 | 5,117 | Recently Sold | |
0.50 | - | - | - | - | Off Market | |
0.54 | $784,100 | 4 | 2 | 1,836 | Off Market | |
0.57 | $1,143,600 | 3 | 3 | 2,820 | Off Market |
Local Information
-- mins to
Home Highlights
Property Type
Single-Family Home
Year Built
2002
Lot Size
1.84 acres
Living Area
1,967 sqft
Price/Sqft
$582/sqft
Parking
2 Car Garage
HOA
None
About this House
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.
1078 Rainbow Crest Rd, Fallbrook, CA 92028 is a 2 bedroom, 2 bathroom, 1,967 sqft single-family home built in 2002. It last sold for the $1,145,000 asking price on Feb 2, 2026. More recently, it was listed as a rental in November 2015 with an asking price of $2,500 per month. That rental listing was removed on January 9, 2016. It is currently off market. The Trulia Estimate is $1,142,800, with a rent estimate of $4,001/month.
Home Details for 1078 Rainbow Crest Rd
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Interior Details Number of Rooms: 10Types of Rooms: Art Studio, Bonus Room, Family Room, Game Room, Kitchen, Laundry, Living Room, Office, Retreat, Utility Room |
Beds & Baths Number of Bedrooms: 2Number of Bathrooms: 2Number of Bathrooms (full): 2 |
Dimensions and Layout Living Area: 1967 Square Feet |
Appliances & Utilities Laundry: Laundry Room |
Heating & Cooling Has CoolingAir Conditioning: Central Air,DualNo Heating |
Fireplace & Spa Fireplace: Family RoomHas a FireplaceNo Spa |
Windows, Doors, Floors & Walls Common Walls: No Common Walls |
Levels, Entrance, & Accessibility Stories: 1Number of Stories: 1Levels: OneEntry Location: 1 |
View Has a ViewView: Coastline, Hills, Mountain(s), Ocean, Panoramic, Pool |
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Exterior Home Features Has a Private Pool |
Parking & Garage Number of Garage Spaces: 2Number of Covered Spaces: 2Has a GarageHas an Attached GarageParking Spaces: 2Parking: Garage Attached |
Pool Pool: In Ground, Solar Heat, Salt WaterPool |
Frontage Not on Waterfront |
Water & Sewer Sewer: Septic Tank |
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Cumulative Days on Market: 255 |
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Year Built Year Built: 2002 |
Property Type / Style Property Type: ResidentialProperty Subtype: Single Family Residence |
Building Not a New ConstructionNot Attached Property |
Property Information Parcel Number: 1092700700 |
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Price List Price: $1,145,000Price Per Sqft: $582/sqft |
Status Change & Dates Off Market Date: Tue Dec 30 2025 |
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MLS Status: Closed |
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Direction & Address City: Fallbrook |
School Information High School District: Fallbrook Union |
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Community Features: Curbs, Mountainous, RuralNot Senior CommunityUnits in Building: 1 |
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Association for this Listing: California Regional MLS (North San Diego County & Pacific Southwest AORs) |
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Lot Area: 1.84 Acres |
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Special Conditions: Standard |
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Listing Terms: Cash, Conventional, 1031 Exchange, VA Loan |
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Mls Number: NDP2503614Living Area Range Units: Square FeetWater ViewWater View: Coastline, OceanActivation Date: Fri Apr 18 2025Back On Market Date: Thu Sep 25 2025Start Showing Date: Fri Apr 18 2025Universal Property Id: US-06073-N-1092700700-R-N |
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CurbsMountainousRural |
Price and Tax history
| Date | Event | Price |
|---|---|---|
Feb 2, 2026 Source: CRMLS #NDP2503614 | Sold | $1,145,000 |
Jan 4, 2026 Source: CRMLS #NDP2503614 | Pending | $1,180,000 |
Nov 11, 2025 Source: CRMLS #NDP2503614 | PriceChange | $1,180,000 Price decreased by 7% |
Sep 25, 2025 Source: CRMLS #NDP2503614 | Listed For Sale | $1,270,000 |
Sep 25, 2025 Source: SDMLS #NDP2503614 | ListingRemoved | $1,270,000 |
Jun 23, 2025 Source: SDMLS #NDP2503614 | Listed For Sale | $1,299,000 |
Jan 22, 2020 Source: CRMLS #190051977 | Sold | $600,000 |
Sep 19, 2019 Source: Agent Provided | Listed For Sale | $625,000 |
Jan 9, 2016 Source: Agent Provided | ListingRemoved | $2,500 |
Nov 19, 2015 Source: Agent Provided | Listed For Rent | $2,500 |
Sep 9, 2015 Source: N/A | Sold | $525,000 |
Aug 14, 2015 Source: Agent Provided | Pending | $525,000 |
Jul 13, 2015 Source: Agent Provided | PriceChange | $525,000 Price decreased by 9% |
Jul 3, 2015 Source: Agent Provided | Listed For Sale | $575,000 |
Apr 3, 2000 Source: N/A | Sold | $82,000 |
| Year | Property tax | Tax assessment |
|---|---|---|
| 2025 | $7,380 | $691,201 |
Home facts updated by county records
Market trends in Fallbrook
Last updated July 2026
Avg. sale price
$840K
$45KMoM
Sale-to-List Price
100.0%
0.4%MoM
Price per sq ft
$426
$2MoM
Available listings
244
7MoM
Around this home
What Locals Say about Fallbrook
At least 232 Trulia users voted on each feature.
83 % Say car is needed
81 % Say it's dog friendly
79 % Say parking is easy
77 % Say there's holiday spirit
73 % Say yards are well-kept
67 % Say it's quiet
63 % Say there's wildlife
59 % Say neighbors are friendly
58 % Say people would walk alone at night
54 % Say they plan to stay for at least 5 years
53 % Say kids play outside
46 % Say there are sidewalks
43 % Say it's walkable to grocery stores
41 % Say it's walkable to restaurants
39 % Say there are community events
33 % Say streets are well-lit
Sourced by Trulia users. Learn more about our methodology.
LGBTQ Local Legal Protections
LGBTQ Local Legal Protections

The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.
Based on information from California Regional Multiple Listing Service, Inc. as of 2026-08-20 12:26:44 PDT and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information
Based on information from California Regional Multiple Listing Service, Inc. as of 2026-08-20 12:26:44 PDT and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information
Frequently asked questions about 1078 Rainbow Crest Rd
- What is 1078 Rainbow Crest Rd estimated to be worth?Trulia's estimated value for 1078 Rainbow Crest Rd in Fallbrook, CA is $1,142,800.
- What is the price history for 1078 Rainbow Crest Rd?1078 Rainbow Crest Rd in Fallbrook, CA last sold for $1,145,000 in February 2026.
- Is Fallbrook a buyer's or seller's market?Fallbrook is currently a balanced market, based on recent for-sale activity.
- What's the median sale price in Fallbrook?The median sale price in Fallbrook is $840K. That is down $45K from the prior month.
- Does 1078 Rainbow Crest Rd have air conditioning?Yes, 1078 Rainbow Crest Rd in Fallbrook, CA has air conditioning.
- Does 1078 Rainbow Crest Rd have a pool?Yes, 1078 Rainbow Crest Rd in Fallbrook, CA has a pool.