Welcome to this highly desired South Temecula Rainbow Canyon Village & Estates beautifully designed home featuring an open and inviting layout with all new flooring, soaring cathedral ceilings and a warm fireplace in the formal living room. Just beyond, the versatile formal dining area can also serve as a bonus living or entertaining space. Step outside to your own backyard oasis featuring a sparkling salt water swimming pool and soothing spa, with your own grapevines, orange, avocado, lemon, and grapefruit trees. Ideal for entertaining and enjoying Temecula Valley's beautiful weather.
Entertain in this upgraded quartz kitchen with new appliances, new sliders and windows that open up to expansive back yard.
Enjoy Energy efficiency with over 30 Paid Off solar panels, with Two Tesla Power walls. Also included is Paid off RO filter and soft water system.
The spacious family room offers a cozy fireplace and new sliding glass doors that lead to the spacious backyard, creating a seamless indoor-outdoor living and entertaining experience. A downstairs bedroom and full bathroom provide ideal accommodations for guests, extended family, or a home office.
Upstairs, the private primary suite is a peaceful retreat with French doors opening to a secluded deck where you can unwind while taking in breathtaking mountain sunsets. The ensuite bath includes a luxurious Roman soaking tub, perfect for relaxing at the end of the day. A unique upstairs bonus area with a built-in wet bar adds extra flexibility and sits conveniently between the two secondary bedrooms.
This South Temecula location offers convenient access for commuters and is just minutes from shopping, restaurants, entertainment, Temecula Creek Inn & Golf Resort, and Temecula's renowned Wine Country. Don't miss the opportunity to make this exceptional home yours!
For sale
Listed by: Davida Parker, Broker • Davida Parker • Contact: 760-707-4607
Price cut: $10K (9/16)
$889,988
45573 Olympic Way, Temecula, CA 92592
4beds
2,602sqft
Single Family Residence
Built in 1986
8,712 Square Feet Lot
$883,900 Zestimate®
$342/sqft
$42/mo HOA
What's special
- 47 days
- 656
- 59
Zillow last checked:
Listing updated:
Listed by:
Davida Parker DRE #01951861 760-707-4607,
Davida Parker, Broker
Source: CRMLS,MLS#: SW26171557
Originating MLS: California Regional MLS
Originating MLS: California Regional MLSFacts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 4
- Bathrooms: 3
- Full bathrooms: 3
- Main level bathrooms: 1
- Main level bedrooms: 1
Rooms
- Room types: Bonus Room, Bedroom, Laundry, Living Room, Office, Dining Room
Bedroom
- Features: Bedroom on Main Level
Bathroom
- Features: Bathtub
Kitchen
- Features: Kitchen Island
Heating
- Central
Cooling
- Central Air
Appliances
- Laundry: Inside
Features
- Separate/Formal Dining Room, Eat-in Kitchen, Bedroom on Main Level
- Has fireplace: Yes
- Fireplace features: Living Room
- Common walls with other units/homes: No Common Walls
Interior area
- Total interior livable area: 2,602 sqft
Property
Parking
- Total spaces: 3
- Parking features: Garage - Attached
- Attached garage spaces: 3
Features
- Levels: Two
- Stories: 2
- Entry location: 1
- Has private pool: Yes
- Pool features: In Ground, Private, Salt Water
- Has view: Yes
- View description: Mountain(s), Neighborhood
Lot
- Size: 8,712 Square Feet
- Features: 0-1 Unit/Acre
Details
- Parcel number: 922282015
- Special conditions: Standard
Construction
Type & style
- Home type: SingleFamily
- Property subtype: Single Family Residence
Condition
- New construction: No
- Year built: 1986
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & HOA
Community
- Features: Suburban
HOA
- Has HOA: Yes
- Amenities included: Other
- HOA fee: $42 monthly
- HOA name: Rainbow Canyon
- HOA phone: 951-699-2918
Location
- Region: Temecula
Financial & listing details
- Price per square foot: $342/sqft
- Tax assessed value: $859,578
- Date on market: 8/15/2026
- Cumulative days on market: 47 days
- Listing terms: Submit
Estimated market value
$883,900
$840,000 - $928,000
$3,994/mo
Price history
| Date | Event | Price |
|---|---|---|
| 9/16/2026 | Price change | $889,988-1.1%$342/sqft |
Source:  CRMLS #SW26171557 Report a problem | ||
| 8/15/2026 | Listed for sale | $900,000+11.1%$346/sqft |
Source: CRMLS #SW26171557 Report a problem | ||
| 7/25/2022 | Sold | $810,000+1.3%$311/sqft |
Source: Public Record Report a problem | ||
| 7/15/2022 | Pending sale | $799,900$307/sqft |
Source: CRMLS #SW22126787 Report a problem | ||
| 6/27/2022 | Contingent | $799,900$307/sqft |
Source: CRMLS #SW22126787 Report a problem | ||
| 6/24/2022 | Price change | $799,900-3%$307/sqft |
Source: CRMLS #SW22126787 Report a problem | ||
| 6/17/2022 | Listed for sale | $825,000+77.4%$317/sqft |
Source: CRMLS #SW22126787 Report a problem | ||
| 10/13/2017 | Sold | $465,000-2.7%$179/sqft |
Source: Public Record Report a problem | ||
| 9/20/2017 | Pending sale | $478,000$184/sqft |
Source: CENTURY 21 Wright #SW17180798 Report a problem | ||
| 8/31/2017 | Price change | $478,000-2%$184/sqft |
Source: CENTURY 21 Wright #SW17180798 Report a problem | ||
| 8/7/2017 | Listed for sale | $488,000+72.4%$188/sqft |
Source: CENTURY 21 Wright #SW17180798 Report a problem | ||
| 5/31/2011 | Sold | $283,000-4.1%$109/sqft |
Source: Public Record Report a problem | ||
| 5/1/2011 | Price change | $295,000-1.7%$113/sqft |
Source: Tarbell Realtors-Temecula #T11039952 Report a problem | ||
| 3/31/2011 | Listed for sale | $299,999+26.1%$115/sqft |
Source: Tarbell, Realtors #T11039952 Report a problem | ||
| 3/23/2011 | Sold | $238,000-8.5%$91/sqft |
Source: Public Record Report a problem | ||
| 6/2/2009 | Listing removed | $260,000$100/sqft |
Source: Listhub #C09058511 Report a problem | ||
| 5/31/2009 | Listed for sale | $260,000-47.7%$100/sqft |
Source: Listhub #C09058511 Report a problem | ||
| 4/1/2005 | Sold | $497,000+16.9%$191/sqft |
Source: Public Record Report a problem | ||
| 10/15/2003 | Sold | $425,000$163/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2026 | -- | $859,578 +2% |
| 2025 | $9,449 +1.6% | $842,724 +2% |
| 2024 | $9,304 +0.9% | $826,200 +2% |
| 2023 | $9,222 +51.2% | $810,000 +62.5% |
| 2022 | $6,098 +2.1% | $498,571 +2% |
| 2021 | $5,970 +1.1% | $488,796 +1% |
| 2020 | $5,905 | $483,785 +2% |
| 2019 | -- | $474,300 +2% |
| 2018 | $6,356 +65.3% | $465,000 +48.8% |
| 2017 | $3,845 | $312,399 +2% |
| 2016 | $3,845 +3.8% | $306,274 +1.5% |
| 2015 | $3,703 +3.2% | $301,676 +2% |
| 2014 | $3,590 | $295,768 +0.5% |
| 2013 | -- | $294,433 +2% |
| 2012 | -- | $288,660 +0.9% |
| 2011 | -- | $286,000 +2.9% |
| 2010 | -- | $278,000 -19% |
| 2009 | -- | $343,000 -13.8% |
| 2008 | -- | $398,000 -23% |
| 2007 | -- | $517,078 +2% |
| 2006 | -- | $506,940 +16.9% |
| 2005 | -- | $433,500 +74.2% |
| 2003 | -- | $248,910 +2% |
| 2002 | -- | $244,030 +2% |
| 2001 | $3,075 +6.7% | $239,246 +6.3% |
| 2000 | $2,881 | $225,000 |
Find assessor info on the county website
Monthly payment
Est. payment
Payment breakdown
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Neighborhood: 92592
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