721 Rainbow Crest Rd
Fallbrook, CA 92028
- 4 Beds
- 2 Baths
- 1,836 sqft (on 9.10 acres)
4 Beds
2 Baths
1,836 sqft
(on 9.10 acres)
Home Value
Trulia Estimate
$771KSince last month
Decreased$14K (-1.8%)Since last year
Increased$11K (+1.5%)Since last sale
Increased$77K (+11.1%)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 +73% in the last 10 years
| Month | Estimated value |
|---|---|
2026 | |
| August 2026 | $768K |
| July 2026 | $783K |
| June 2026 | $782K |
| May 2026 | $783K |
| April 2026 | $792K |
| March 2026 | $792K |
| February 2026 | $783K |
| January 2026 | $749K |
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 |
|---|---|---|---|---|---|---|---|
0.47 | Single-Family Home | $580,000 | 10/29/25 | 2 | 2 | 1,371 | |
0.47 | Single-Family Home | $1,133,000 | 09/18/25 | 3 | 2 | 2,120 | |
0.46 | Single-Family Home | $975,000 | 04/01/26 | 5 | 3 | 2,528 | |
0.54 | Single-Family Home | $1,145,000 | 02/02/26 | 2 | 2 | 1,967 | |
0.88 | Single-Family Home | $951,000 | 10/22/25 | 4 | 3.5 | 4,027 | |
1.05 | Single-Family Home | $895,000 | 12/08/25 | 4 | 2 | 1,477 | |
1.03 | Single-Family Home | $1,100,000 | 11/05/25 | 4 | 3 | 5,117 | |
1.05 | Single-Family Home | $1,250,000 | 02/06/26 | 3 | 3 | 2,900 | |
1.32 | Single-Family Home | $1,060,000 | 04/24/26 | 3 | 2.5 | 2,400 | |
1.93 | Single-Family Home | $1,100,000 | 04/06/26 | 3 | 2 | 2,400 |
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 |
|---|---|---|---|---|---|---|
0.23 | $185,000 | - | - | - | Recently Sold | |
0.40 | $2,154,000 | 6 | 6 | 5,666 | Off Market | |
0.44 | $225,000 | - | - | - | For Sale | |
0.44 | - | - | - | - | Off Market | |
0.46 | $975,000 | 5 | 3 | 2,528 | Recently Sold | |
0.47 | $580,000 | 2 | 2 | 1,371 | Recently Sold | |
0.47 | $1,148,400 | 3 | 2 | 2,120 | Off Market | |
0.48 | $816,200 | 2 | 1 | 884 | Off Market | |
0.49 | $1,025,000 | 3 | 2 | 2,147 | Off Market | |
0.54 | $1,145,000 | 2 | 2 | 1,967 | Recently Sold | |
0.81 | $350,000 | - | - | - | Recently Sold |
Local Information
-- mins to
Home Highlights
Property Type
Single-Family Home
Year Built
1977
Lot Size
9.1 acres
Living Area
1,836 sqft
Price/Sqft
$420
Parking
Garage
HOA
None
About this House
Come home to this amazing hilltop private paradise, nestled amoung the beautiful forest surrounded by nature on it’s own 9.1 acres. This is the perfect home for privacy, yet still close to town, shops, the freeway and so much nature. When it's time to unwind in your amazingly bright and airy open floor plan new home, you'll feel right at home relaxing in the oversized family room next to the fireplace staring out over the picturesque valley and mountains. The master bedroom has it’s own access to the patio and backyard with an attached master bath. The huge, enclosed patio is a year round bonus great for the hot summers and the cool winters with endless amazing mountain views. Step outside and you’re surrounded by the tranquil and surreal natural setting, perfect for family, kids or pets in your huge back yard and 9.1 acres. With over 9.1 acres this yard has so much potential to create your own private paradise by redesigning the detached unit into a great family getaway, Vacation rental or guest quarters. All your guests will the privacy and nature setting of this cute little ADU. This home is a must see and just needs a little TLC with so much more potential inside and out. Lastly, for the nature lovers there tons of walking and hiking trails right out the backdoor. Make this property your very own private nature resort oasis. This home is perfect for families downsizing or upsizing. This beautiful home in an amazing area won’t last! Get it before it’s gone!
721 Rainbow Crest Rd, Fallbrook, CA 92028 is a 4 bedroom, 2 bathroom, 1,836 sqft single-family home built in 1977. It last sold for the $690,000 asking price on Oct 24, 2023. It is currently off market. The Trulia Estimate is $770,500, with a rent estimate of $3,925/month.
Home Details for 721 Rainbow Crest Rd
|
|---|
Beds & Baths Number of Bedrooms: 4Number of Bathrooms: 2Number of Bathrooms (full): 2 |
Dimensions and Layout Living Area: 1836 Square Feet |
Appliances & Utilities Appliances: Dishwasher, Built In Range, Built-InDishwasherLaundry: Electric,Other/Remarks |
Heating & Cooling Heating: Fireplace,Forced Air UnitAir Conditioning: Central Forced AirHeating Fuel: Fireplace |
Levels, Entrance, & Accessibility Number of Stories: 1Levels: 1 Story |
|
|---|
Exterior Home Features Roof: ShingleFencing: Gate, Partial, N/K, Other/Remarks, Chain Link |
Parking & Garage Number of Garage Spaces: 2Number of Covered Spaces: 2Has a GarageParking Spaces: 8Parking: Attached |
Pool Pool: N/K |
Frontage Not on Waterfront |
Water & Sewer Sewer: Septic Installed |
|
|---|
Year Built Year Built: 1977 |
Property Type / Style Property Type: ResidentialProperty Subtype: Single Family Residence |
Building Construction Materials: Wood |
|
|---|
Price List Price: $690,000 |
Status Change & Dates Off Market Date: Tue Aug 15 2023 |
|
|---|
MLS Status: SOLD |
|
|---|
|
|---|
Direction & Address City: FallbrookCommunity: FALLBROOK |
|
|---|
Building Area Building Area: 1836 Square Feet |
|
|---|
Association for this Listing: SDMLS |
|
|---|
Lot Area: 9.1 Acres |
|
|---|
Special Conditions: Call Agent, Other/Remarks |
|
|---|
Listing Terms: Cash |
|
|---|
Mls Number: 230012896 |
|
|---|
Source Internet Entire Listing Display |
Last check for updates: about 6 hours ago
Listed by Shane Dailey DRE #01484412, (323) 821-8323
Cal Mutual Inc.
Bought with: Alexandrine Lyons DRE #02176773, (619) 733-0371, eXp Realty of California, Inc.
Originating MLS: SDMLS
Source: SDMLS, MLS#230012896

Price and Tax history
| Date | Event | Price |
|---|---|---|
Oct 24, 2023 Source: SDMLS #230012896 | Sold | $691,000 |
Aug 16, 2023 Source: SDMLS #230012896 | Pending | $690,000 |
Jul 24, 2023 Source: SDMLS #230012896 | PendingToActive | $690,000 |
Jul 19, 2023 Source: SDMLS #230012896 | Pending | $690,000 |
Jul 6, 2023 Source: SDMLS #230012896 | Listed For Sale | $690,000 |
Jun 28, 2001 Source: N/A | Sold | $358,000 |
| Year | Property tax | Tax assessment |
|---|---|---|
| 2025 | $7,867 | $704,820 |
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
Apartments for Rent
Homes for sale near 721 Rainbow Crest Rd
Off Market Homes Near 721 Rainbow Crest Rd
Frequently asked questions about 721 Rainbow Crest Rd
- What is 721 Rainbow Crest Rd estimated to be worth?Trulia's estimated value for 721 Rainbow Crest Rd in Fallbrook, CA is $770,500.
- What is the price history for 721 Rainbow Crest Rd?721 Rainbow Crest Rd in Fallbrook, CA last sold for $691,000 in October 2023.
- 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 721 Rainbow Crest Rd have a pool?Yes, 721 Rainbow Crest Rd in Fallbrook, CA has a pool.
- Does 721 Rainbow Crest Rd have laundry facilities?Yes, 721 Rainbow Crest Rd in Fallbrook, CA has laundry facilities.

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, noncommercial 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 San Diego MLS. 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 San Diego MLS.