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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
    $1,115,200 Zestimate®
    $614/sqft
    $4,176 Estimated rent

    Home value

    $1,115,200

    $1.03M - $1.22M

    $4,176/mo

    Zestimate® history
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    What's special

    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.

    Zillow last checked: 7 hours ago

    Listing updated: January 30, 2026 at 08:45pm

    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#: 250042107MLS LogoOriginating MLS: San Diego Association of REALTOR

    Facts & 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

    DateEventPrice
    12/3/2025Sold$1,100,000$614/sqft
    Source: SDMLS #250042107 Report a problem
    11/5/2025Pending sale$1,100,000$614/sqft
    Source: SDMLS #250042107 Report a problem
    10/20/2025Listed for sale$1,100,000+22.2%$614/sqft
    Source: SDMLS #250042107 Report a problem
    10/20/2025Listing removed$4,500$3/sqft
    Source: Zillow Rentals Report a problem
    9/8/2025Price change$4,500-8.2%$3/sqft
    Source: Zillow Rentals Report a problem

    Public tax history

    YearProperty taxesTax 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%

    Find assessor info on the county website

    Neighborhood: 92028

    Nearby schools

    GreatSchools rating
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    Estimated market value
    $1,115,200
    Get a cash offer in 3 minutes
    Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
    Estimated market value
    $1,115,200