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For sale
  • Listed by: Sunshine Properties RealEstate • Sergio Garcia • Contact: 760-672-8326
    $1,599,900

    334 Rainbow Crest Rd, Fallbrook, CA 92028

    3beds
    2,556sqft
    : 
    $10,342/mo
    Get pre-qualified
    Single Family Residence
    Built in 1992
    5.51 Acres Lot
    $1,546,200 Zestimate®
    $626/sqft
    $-- HOA

    What's special

    Professional Equestrian Estate on 5.6 Fully Usable Acres! Discover a rare opportunity to own one of North San Diego County’s most versatile equestrian properties. Privately situated on a picturesque hilltop valley in East Fallbrook near Pala, this exceptional 5.6-acre estate offers panoramic valley and ocean-horizon views, refreshing coastal breezes, and direct access to miles of maintained riding trails. Purpose-built as a professional sport-horse import and sales facility, the property combines extensive, commercial-grade equestrian improvements with A70 multi-use zoning. It is well suited for training, boarding, breeding, other permitted equestrian uses, or the discerning private horse enthusiast. The property is approximately three miles from Highway 76, 5 mile to I-15, 15 minutes from Highway 79 in Temecula, and 20 minutes from Galaway Downs or the pacific coast. The custom Spanish-style residence encompasses approximately 2,650 square feet and features three bedrooms, three full bathrooms, plus downstairs a office/den (could be a downstairs bedroom). Enjoy warmth and character throughout this thoughtfully designed home, featuring three fireplaces—two traditional wood-burning fireplaces in the living and dining rooms, plus a cozy electric fireplace in the Primary Bedroom. The home features easy-care tile flooring throughout the main living areas, with comfortable carpeting reserved for the upstairs bedrooms. Three large, double-pane bay windows bring in abundant natural light while adding charm, architectural interest, and energy efficiency. Recently updated with a new Spanish tile roof, the home offers a bright, open floor plan with cathedral ceilings. The spacious primary suite includes a jet tub, oversized double shower, walk-in closet, and electric fireplace. The granite-appointed kitchen features stainless steel appliances. Thoughtfully built using substantial 4x6 structural framing throughout the home, providing enhanced strength, durability, and a solid, substantial feel. The professionally designed equestrian facilities include a custom six-stall Silverado barn with 12-by-12-foot stalls and attached paddocks. The barn features an extra-high, raised breezeway, a 16-foot-wide colored-concrete aisle, wood-paneled stall fronts, a large, covered porch, a 12-by-12-foot tack room, an indoor hot-water wash stall, and a permitted automatic fire-sprinkler system. An additional six-stall mare motel offers generously sized 12-by-24-foot stalls. The irrigated 90-by-180-foot arena is finished with premium German GGT footing. Five large seasonal pastures provide additional space, with ample room available for more arenas or equestrian improvements. The grounds are fully fenced and gated, including chain-link perimeter fencing suitable for dogs. Municipal water is available at an agricultural rate, and the property also has a private well that is not currently in use. Additional advantages include reported capacity for up to 50 horses under the county animal designation (L). All equestrian improvements were professionally designed, fully permitted, and constructed by licensed contractors, with a documented replacement value exceeding $500,000. Exceptional privacy, professional-quality facilities, usable acreage, breathtaking panoramic views clear to the pacific, and convenient freeway access make this a truly distinctive equestrian estate. A major new shopping destination, Pala Ranch, is planned just 3.5 miles downhill at the I-15/Hwy 76 intersection, with construction anticipated to begin in spring 2027. Once completed, shopping, restaurants, and supermarkets will be approximately five minutes away, adding significant convenience and enhancing the property’s future value potential.
    12 days
    1,095
    67

    Zillow last checked:

    Listing updated:

    Listed by:

    Sergio Garcia DRE #01418002 760-672-8326,

    Sunshine Properties RealEstate

    Source: CRMLS,MLS#: NDP2608282MLS LogoOriginating MLS: California Regional MLS (North San Diego County & Pacific Southwest AORs)

      Facts & features

      Interior

      Bedrooms & bathrooms
      • Bedrooms: 3
      • Bathrooms: 3
      • Full bathrooms: 3
      • Main level bathrooms: 1
      Rooms
      • Room types: Bonus Room, Laundry, Living Room, Primary Bathroom, Primary Bedroom, Office
      Heating
      • Forced Air
      Cooling
      • Central Air
      Appliances
      • Included: Washer
      • Laundry: Washer Hookup
      Features
      • Flooring: Carpet, Tile
      • Windows: Bay Window(s), Double Pane Windows
      • Has fireplace: Yes
      • Fireplace features: Electric, Living Room, See Remarks, Wood Burning
      • Common walls with other units/homes: No Common Walls
      Interior area
      • Total interior livable area: 2,556 sqft
      Video & virtual tour

      Property

      Parking
      • Total spaces: 3
      • Parking features: Concrete, Driveway, Garage, Oversized, Paved, Private, RV Access/Parking, One Space
      • Attached garage spaces: 3
      Features
      • Levels: Two
      • Stories: 2
      • Entry location: front door
      • Exterior features: Awning(s), Barbecue
      • Pool features: None
      • Spa features: None
      • Fencing: Chain Link,Good Condition,Livestock,Pipe,Vinyl
      • Has view: Yes
      • View description: City Lights, Hills, Meadow, Mountain(s), Orchard, Panoramic, Pasture
      Lot
      • Size: 5.51 Acres
      • Features: Agricultural, Back Yard, Front Yard, Horse Property, Lawn, Orchard(s), Pasture, Ranch, Yard
      Details
      • Additional structures: Corral(s), Stable(s)
      • Parcel number: 1100215200
      • Zoning: A70
      • Special conditions: Standard
      • Horses can be raised: Yes
      • Horse amenities: Riding Trail

      Construction

      Type & style
      • Home type: SingleFamily
      • Property subtype: Single Family Residence
      Materials
      • Foundation: Concrete Perimeter
      • Roof: Tile
      Condition
      • Updated/Remodeled
      • Year built: 1992

      Utilities & green energy

      • Sewer: Septic Tank
      • Utilities for property: Electricity Connected

      Community & HOA

      Community
      • Features: Horse Trails, Stable(s), Rural, Valley
      • Security: Carbon Monoxide Detector(s), Fire Detection System, Smoke Detector(s)
      Location
      • Region: Fallbrook

      Financial & listing details

      • Price per square foot: $626/sqft
      • Tax assessed value: $683,224
      • Date on market: 9/3/2026
      • Cumulative days on market: 12 days
      • Listing terms: Cash,Conventional,FHA,VA Loan
      • Road surface type: Paved

        Estimated market value

        $1,546,200

        $1.47M - $1.62M

        $4,696/mo

        Price history

        DateEventPrice
        9/3/2026Listed for sale$1,599,900+3.3%$626/sqft
        Source: CRMLS #NDP2608282 Report a problem
        4/20/2026Listing removed$1,549,000$606/sqft
        Source: SDMLS #230024319 Report a problem
        2/16/2024Listing removed--
        Source: SDMLS #230024319 Report a problem
        1/25/2024Pending sale$1,549,000$606/sqft
        Source: SDMLS #230024319 Report a problem
        1/11/2024Price change$1,549,000+3.3%$606/sqft
        Source: SDMLS #230024319 Report a problem
        12/23/2023Listed for sale$1,499,000+256.9%$586/sqft
        Source: SDMLS #230024319 Report a problem
        8/23/2002Sold$420,000$164/sqft
        Source: Public Record Report a problem

        Public tax history

        YearProperty taxesTax assessment
        2026-- $683,224 +2%
        2025$7,339 +1.8%$669,828 +2%
        2024$7,211 +2.3%$656,695 +2%
        2023$7,047 +1.1%$643,819 +2%
        2022$6,973 +2.5%$631,196 +2%
        2021$6,805 -0.2%$618,820 +1%
        2020$6,821 +6.6%$612,476 +2%
        2019$6,396 -1.6%$600,468 +2%
        2018$6,499 +2%$588,696 +2%
        2017$6,373 +2.1%$577,154 +2%
        2016$6,242 +1.7%$565,838 +1.5%
        2015$6,140 +2.2%$557,339 +2%
        2014$6,009 $546,423 +0.5%
        2013-- $543,955 +2%
        2012-- $533,290 +2%
        2011-- $522,835 +0.8%
        2010-- $518,929 -0.2%
        2009-- $520,163 +2%
        2008-- $509,965 +2%
        2007-- $499,967 +2%
        2006-- $490,165 +2%
        2005-- $480,555 +2%
        2004-- $471,133 +12.2%
        2003-- $420,000 +38.4%
        2002-- $303,467 -18.2%
        2001-- $370,885
        Find assessor info on the county website

        Monthly payment

        Est. payment

        Payment breakdown

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        All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
        HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
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        Climate risks

        Neighborhood: 92028

        Getting around

        0 / 100
        Car-Dependent
        4 / 100
        Somewhat Bikeable

        Nearby schools

        GreatSchools rating
        Schools provided by the listing agent
        • High: Fallbrook

        Source: CRMLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.

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