Welcome to your new home, a beautifully renovated 4-bedroom, 3-bathroom retreat nestled in the tranquil hills of Rainbow, Fallbrook. Set on nearly 2 acres of panoramic beauty, this home combines modern elegance with the peaceful charm of country living. Step inside to discover an open-concept layout filled with natural light and sweeping views from every angle. The expansive living area flows seamlessly into the dining space and a chef-inspired kitchen, complete with stainless steel appliances, abundant cabinetry, hidden pantry and generous counter space — all framed by La Cantina–style doors that open to stunning outdoor vistas and the attached deck. The primary suite is a private oasis featuring a spa-like en-suite bathroom with a soaking tub and an oversized walk-in shower. Every bathroom throughout the home showcases contemporary finishes and thoughtful design. Enjoy the convenience of two laundry areas, two garages (one attached and one detached), and ample parking and storage — perfect for hobbies, guests, or multi-generational living. Your pets will love it here too — the property is pet-friendly with fencing and plenty of space to roam. Whether you’re unwinding on the balcony with panoramic views, hosting under the stars, or simply soaking in the peaceful views, this property offers the ideal blend of modern comfort and rural tranquility.
Sold for $1,100,000
$1,100,000
1029 Rainbow Valley Ct, Fallbrook, CA 92028
4beds
1,792sqft
Single Family Residence
Built in 1963
1.97 Acres Lot
$-- Zestimate®
$614/sqft
$4,256 Estimated rent
Home value
Not available
Estimated sales range
Not available
$4,256/mo
Zestimate® history
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List your homeWhat's special
Sweeping viewsContemporary finishesTranquil hillsSpa-like en-suite bathroomChef-inspired kitchenHidden pantryOpen-concept layout
Zillow last checked:
Listing updated:
Listed by:
Theresa Mack DRE #01893281 858-230-4850,
eXp Realty of California, Inc.
Bought with:
Steven Anz, DRE #01431222
SKA Real Estate
Source: SDMLS,MLS#: 250042107
Originating MLS: San Diego Association of REALTOR
Originating MLS: San Diego Association of REALTORFacts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 4
- Bathrooms: 3
- Full bathrooms: 3
Heating
- Heat Pump
Cooling
- Central Forced Air
Appliances
- Included: Dishwasher, Disposal, Dryer, Washer
- Laundry: Electric
Features
- Balcony, Bathtub, Cathedral-Vaulted Ceiling
- Number of fireplaces: 1
- Fireplace features: FP in Living Room, Electric
Interior area
- Total structure area: 1,792
- Total interior livable area: 1,792 sqft
Property
Parking
- Total spaces: 10
- Parking features: Attached, Detached
- Garage spaces: 4
Features
- Levels: 1 Story
- Pool features: N/K
- Fencing: Full
- Has view: Yes
- View description: Evening Lights, Mountains/Hills, Panoramic
Lot
- Size: 1.97 Acres
Details
- Additional structures: Shed, Shop
- Parcel number: 1026601500
- Zoning: AGRICULTUR
- Zoning description: AGRICULTUR
Construction
Type & style
- Home type: SingleFamily
- Property subtype: Single Family Residence
Materials
- Wood
- Roof: Composition
Condition
- Turnkey
- Year built: 1963
Utilities & green energy
- Sewer: Septic Installed
- Water: Meter on Property
Community & neighborhood
Location
- Region: Fallbrook
- Subdivision: FALLBROOK
Other
Other facts
- Listing terms: Cal Vet,Conventional,FHA,VA
Price history
| Date | Event | Price |
|---|---|---|
| 12/3/2025 | Sold | $1,100,000$614/sqft |
Source:  SDMLS #250042107 Report a problem | ||
| 11/5/2025 | Pending sale | $1,100,000$614/sqft |
Source: SDMLS #250042107 Report a problem | ||
| 10/20/2025 | Listed for sale | $1,100,000+22.2%$614/sqft |
Source: SDMLS #250042107 Report a problem | ||
| 10/20/2025 | Listing removed | $4,500$3/sqft |
Source: Zillow Rentals Report a problem | ||
| 9/8/2025 | Price change | $4,500-8.2%$3/sqft |
Source: Zillow Rentals Report a problem | ||
| 8/28/2025 | Listed for rent | $4,900-5.8%$3/sqft |
Source: Zillow Rentals Report a problem | ||
| 8/26/2025 | Listing removed | $5,200$3/sqft |
Source: Zillow Rentals Report a problem | ||
| 8/22/2025 | Price change | $5,200-5.5%$3/sqft |
Source: Zillow Rentals Report a problem | ||
| 8/1/2025 | Price change | $5,500-6.8%$3/sqft |
Source: Zillow Rentals Report a problem | ||
| 7/7/2025 | Listed for rent | $5,900$3/sqft |
Source: Zillow Rentals Report a problem | ||
| 6/23/2025 | Listing removed | $5,900$3/sqft |
Source: Zillow Rentals Report a problem | ||
| 6/4/2025 | Listed for rent | $5,900$3/sqft |
Source: Zillow Rentals Report a problem | ||
| 3/9/2023 | Sold | $900,000+0.1%$502/sqft |
Source: Public Record Report a problem | ||
| 1/18/2023 | Pending sale | $899,000$502/sqft |
Source:  CRMLS #NDP2211024 Report a problem | ||
| 1/13/2023 | Listed for sale | $899,000$502/sqft |
Source: CRMLS #NDP2211024 Report a problem | ||
| 12/31/2022 | Pending sale | $899,000$502/sqft |
Source: CRMLS #NDP2211024 Report a problem | ||
| 12/26/2022 | Listed for sale | $899,000$502/sqft |
Source: CRMLS #NDP2211024 Report a problem | ||
| 12/21/2022 | Pending sale | $899,000$502/sqft |
Source: CRMLS #NDP2211024 Report a problem | ||
| 12/13/2022 | Price change | $899,000-9.1%$502/sqft |
Source: CRMLS #NDP2211024 Report a problem | ||
| 11/15/2022 | Price change | $989,000-10.1%$552/sqft |
Source: CRMLS #NDP2211024 Report a problem | ||
| 11/4/2022 | Listed for sale | $1,100,000+64.2%$614/sqft |
Source: CRMLS #NDP2211024 Report a problem | ||
| 2/23/2022 | Sold | $670,000+36.3%$374/sqft |
Source: Public Record Report a problem | ||
| 3/11/2020 | Listing removed | -- |
Source: Auction.com Report a problem | ||
| 1/15/2020 | Listed for sale | -- |
Source: Auction.com Report a problem | ||
| 12/5/2019 | Sold | $491,400-14.5%$274/sqft |
Source: Public Record Report a problem | ||
| 11/5/2019 | Price change | $575,000-1.7%$321/sqft |
Source: Quantus Realty Solutions #OC19254880 Report a problem | ||
| 10/31/2019 | Listed for sale | $585,000+7.3%$326/sqft |
Source: Quantus Realty Solutions #OC19254880 Report a problem | ||
| 4/11/2017 | Sold | $545,000$304/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $9,793 +1.8% | $936,358 +2% |
| 2024 | $9,619 +34.6% | $917,999 +34.3% |
| 2023 | $7,145 +15.5% | $683,399 +16.3% |
| 2022 | $6,186 +2.7% | $587,422 +2% |
| 2021 | $6,024 -0.4% | $575,905 +1% |
| 2020 | $6,050 +1.7% | $570,000 +0.5% |
| 2019 | $5,947 +0.4% | $567,016 +2% |
| 2018 | $5,921 +126.5% | $555,899 +123.5% |
| 2017 | $2,614 +2.4% | $248,693 +2% |
| 2016 | $2,552 +1.6% | $243,817 +1.5% |
| 2015 | $2,512 +2.2% | $240,156 +2% |
| 2014 | $2,457 | $235,453 +0.5% |
| 2013 | -- | $234,390 +2% |
| 2012 | -- | $229,795 +2% |
| 2011 | -- | $225,290 +0.8% |
| 2010 | -- | $223,607 -0.2% |
| 2009 | -- | $224,140 +2% |
| 2008 | -- | $219,746 +2% |
| 2007 | -- | $215,438 +2% |
| 2006 | -- | $211,215 +2% |
| 2005 | -- | $207,075 +2% |
| 2004 | -- | $203,015 +1.9% |
| 2003 | -- | $199,295 +2% |
| 2002 | -- | $195,388 +2% |
| 2001 | -- | $191,558 |
Find assessor info on the county website
Neighborhood: 92028
Nearby schools
GreatSchools rating
- 6/10Vallecitos Elementary SchoolGrades: K-8Distance: 1.1 mi
- 6/10Fallbrook High SchoolGrades: 9-12Distance: 5.9 mi
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- California
- San Diego County
- Fallbrook
- 92028
- 1029 Rainbow Valley Ct
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