Gathering space extraordinaire! Gorgeous POOL home on an large, flat rectangular lot in the desirable Rainbow Canyon Villages and Estates community. Located in the peaceful interior portion of this established community and in close proximity to San Diego County, all who enter are welcomed by a covered front patio that leads graciously into a light-filled home featuring a bright kitchen with granite counters, resurfaced soft-close cabinetry, stainless steel appliances, a peninsula with seating, and generous pantry storage. The east-facing kitchen opens to a comfortable family room, ideal for everyday living and entertaining and faces the breathtaking backyard with a soothing pool and spa with waterfall feature that were lovingly resurfaced in 2025. The expansive primary suite offers more backyard views, dual sinks, a soaking tub with shower, multiple closets, and a semi-private loft with exterior and interior balconies. Upstairs are two additional guest bedrooms, a full guest bath, and hallway storage cabinets. A generous downstairs bedroom and ¾ bath offer added flexibility for a home office, multigenerational living or other option limited only by your imagination. The living and dining areas open to the resort-style backyard--a true showcase feature. Take in the iconic views of local Temecula hills and mountains. With summer upon us, there is no better time to plunge into this entertainer's delight. There is a Puronics water purification system installed in 2021 and the upgraded NexGen HVAC system was installed in 2023. Conveniently located near Rainbow Canyon Road and Temecula Creek Golf Course, Pechanga Resort, with Wine Country just a few miles to the east. Zoned for Great Oak High School. A large, well-designed laundry and utility room completes the home. Low HOA and low taxes!
Under contract
Listed by: AARE
Price cut: $15K (6/1)
$749,900
45534 Olympic Way, Temecula, CA 92592
4beds
2,068sqft
Single Family Residence
Built in 1986
7,405 Square Feet Lot
$-- Zestimate®
$363/sqft
$72/mo HOA
What's special
Large flat rectangular lotPeninsula with seatingExpansive primary suiteLight-filled homeSoaking tub with showerGorgeous pool homeStainless steel appliances
- 50 days |
- 3,983 |
- 286 |
Likely to sell faster than
Zillow last checked:
Listing updated:
Listed by:
Sherry Powers DRE #02002017 949-394-3685,
AARE
Source: CRMLS,MLS#: SW26092142
Originating MLS: California Regional MLS
Originating MLS: California Regional MLSFacts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 4
- Bathrooms: 3
- Full bathrooms: 2
- 3/4 bathrooms: 1
- Main level bathrooms: 1
- Main level bedrooms: 1
Rooms
- Room types: Bedroom, Family Room, Kitchen, Laundry, Loft, Living Room, Primary Bathroom, Primary Bedroom, Utility Room
Primary bedroom
- Features: Primary Suite
Bedroom
- Features: Bedroom on Main Level
Bathroom
- Features: Bathroom Exhaust Fan, Dual Sinks, Soaking Tub, Separate Shower, Tile Counters, Tub Shower
Family room
- Features: Separate Family Room
Kitchen
- Features: Granite Counters, Self-closing Cabinet Doors, Self-closing Drawers
Heating
- Forced Air
Cooling
- Central Air, Electric
Appliances
- Included: Dishwasher, Gas Cooktop, Gas Oven, Microwave, Water Softener, Water To Refrigerator, Water Heater, Water Purifier
- Laundry: Washer Hookup, Gas Dryer Hookup, Inside, Laundry Room
Features
- Breakfast Bar, Balcony, Granite Counters, High Ceilings, Recessed Lighting, Tile Counters, Bedroom on Main Level, Loft, Primary Suite, Utility Room
- Flooring: Carpet, Laminate, Tile
- Doors: French Doors, Sliding Doors
- Windows: Double Pane Windows, Skylight(s)
- Has fireplace: Yes
- Fireplace features: Living Room
- Common walls with other units/homes: No Common Walls
Interior area
- Total interior livable area: 2,068 sqft
Video & virtual tour
Property
Parking
- Total spaces: 2
- Parking features: Concrete, Direct Access, Driveway, Garage Faces Front, Garage
- Attached garage spaces: 2
Accessibility
- Accessibility features: Low Pile Carpet
Features
- Levels: Two
- Stories: 2
- Entry location: 1
- Patio & porch: Deck, Front Porch, Open, Patio
- Has private pool: Yes
- Pool features: Gas Heat, In Ground, Private
- Has spa: Yes
- Spa features: Heated, In Ground, Private
- Fencing: Average Condition,Needs Repair,Wood,Wrought Iron
- Has view: Yes
- View description: Hills, Mountain(s), Neighborhood, Pool
Lot
- Size: 7,405 Square Feet
- Features: 0-1 Unit/Acre, Back Yard, Rectangular Lot, Street Level, Yard
Details
- Parcel number: 922283005
- Special conditions: Standard
Construction
Type & style
- Home type: SingleFamily
- Property subtype: Single Family Residence
Materials
- Stucco
- Foundation: Slab
- Roof: Tile
Condition
- Repairs Cosmetic
- New construction: No
- Year built: 1986
Utilities & green energy
- Electric: Standard
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Cable Available, Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
Community & HOA
Community
- Features: Gutter(s), Storm Drain(s), Street Lights, Suburban, Sidewalks
- Security: Carbon Monoxide Detector(s), Smoke Detector(s)
HOA
- Has HOA: Yes
- Amenities included: Call for Rules, Pets Allowed
- HOA fee: $72 monthly
- HOA name: Rainbow Villages
- HOA phone: 951-244-0048
Location
- Region: Temecula
Financial & listing details
- Price per square foot: $363/sqft
- Tax assessed value: $346,544
- Annual tax amount: $4,172
- Date on market: 5/7/2026
- Cumulative days on market: 51 days
- Listing terms: Cash,Cash to New Loan,Conventional,FHA,Submit,VA Loan
- Road surface type: Paved
Estimated market value
Not available
Estimated sales range
Not available
Not available
Price history
| Date | Event | Price |
|---|---|---|
| 6/25/2026 | Contingent | $749,900$363/sqft |
Source:  CRMLS #SW26092142 Report a problem | ||
| 6/1/2026 | Price change | $749,900-2%$363/sqft |
Source: CRMLS #SW26092142 Report a problem | ||
| 5/7/2026 | Listed for sale | $764,900+232.6%$370/sqft |
Source: CRMLS #SW26092142 Report a problem | ||
| 2/4/2020 | Listing removed | $2,400$1/sqft |
Source: CALIFORNIA REALTY GROUP INC. #IV20015444 Report a problem | ||
| 1/22/2020 | Listed for rent | $2,400+14.3%$1/sqft |
Source: CALIFORNIA REALTY GROUP INC. #IV20015444 Report a problem | ||
| 10/30/2015 | Listing removed | $2,100$1/sqft |
Source: CA Realty Group, Inc. Report a problem | ||
| 10/13/2015 | Listed for rent | $2,100+7.7%$1/sqft |
Source: CA Realty Group, Inc. Report a problem | ||
| 2/10/2015 | Listing removed | $1,950$1/sqft |
Source: CA Realty Group, Inc. Report a problem | ||
| 2/5/2015 | Listed for rent | $1,950$1/sqft |
Source: CA Realty Group, Inc. Report a problem | ||
| 6/29/2001 | Sold | $230,000$111/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $4,172 +1.6% | $346,544 +2% |
| 2024 | $4,109 +0.9% | $339,750 +2% |
| 2023 | $4,073 +2.5% | $333,089 +2% |
| 2022 | $3,975 +2.3% | $326,559 +2% |
| 2021 | $3,887 +1.2% | $320,157 +1% |
| 2020 | $3,843 +1.6% | $316,875 +2% |
| 2019 | $3,784 +2.1% | $310,663 +2% |
| 2018 | $3,705 +1.9% | $304,573 +2% |
| 2017 | $3,636 | $298,602 +2% |
| 2016 | $3,636 +3.9% | $292,748 +1.5% |
| 2015 | $3,500 +3.2% | $288,352 +2% |
| 2014 | $3,391 | $282,706 +0.5% |
| 2013 | -- | $281,430 +16.3% |
| 2012 | -- | $242,000 +1.7% |
| 2011 | -- | $238,000 -7.8% |
| 2010 | -- | $258,000 -4.1% |
| 2009 | -- | $269,123 +2% |
| 2008 | -- | $263,847 +2% |
| 2007 | -- | $258,674 +2% |
| 2006 | -- | $253,603 +2% |
| 2005 | -- | $248,632 +3.9% |
| 2003 | -- | $239,292 +2% |
| 2002 | -- | $234,600 +13.3% |
| 2001 | $2,700 +10.1% | $207,000 +15% |
| 2000 | $2,452 | $180,000 |
Find assessor info on the county website
Monthly payment
Est. payment$--/mo
Payment breakdown
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HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
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Climate risks
Neighborhood: 92592
Nearby schools
GreatSchools rating
- 7/10Temecula Luiseno Elementary SchoolGrades: K-5Distance: 1.1 mi
- 6/10Erle Stanley Gardner Middle SchoolGrades: 6-8Distance: 0.9 mi
- 9/10Great Oak High SchoolGrades: 9-12Distance: 2.3 mi
Schools provided by the listing agent
- High: Great Oak
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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- California
- Riverside County
- Temecula
- 92592
- 45534 Olympic Way
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