ActiveResidential · sale

334 Rainbow Crest Road

Fallbrook, CA 92028

$1,599,900

  • 3 beds
  • 3 baths
  • 2,556 sq ft
  • 5.51 acres
  • Built 1992

Listed by Sunshine Properties RealEstate · MLS #NDP2608282

A FEW THINGS TO NOTICE

What stands out.

Living spaces

Recently updated with a new Spanish tile roof, the home offers a bright, open floor plan with cathedral ceilings.

Details worth a look

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.

Year built

Built in 1992.

Highlights from the listing description and property details. Confirm features with the listing agent.

THE PROPERTY

Get to know the property.

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.

THE NEIGHBORHOOD

Explore the location.

334 Rainbow Crest Road, Fallbrook, CA 92028

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Map position comes from the listing source. Open directions in Google Maps

LOCAL MARKET CONTEXT

San Diego County housing market

See the broader conditions surrounding this property through ERA Brokers Consolidated research.

12-month price trend$917,223Up 1.4% vs. the previous 12 months
Months of supply2.712-month average
Days on market3312-month weighted average

These figures describe the broader reporting area and do not determine this property’s value, condition, availability, or likely sale price.

THE DETAILS

The details, all in one place.

Property type
Residential
Category
Residential
Year built
1992
Full baths
3
Garage spaces
3
Cooling
CentralAir
Heating
ForcedAir
Appliances
Washer
Flooring
Carpet,Tile
Utilities
ElectricityConnected
Fencing
ChainLink,GoodCondition,Livestock,Pipe,Vinyl
Pool
No
Pool features
None
Spa
No
Zoning
A70
Parcel
1100215200
High school
Fallbrook
HOA fee
$0.00

Features and school information are supplied by the listing source. Confirm measurements, school assignments, HOA terms and rental restrictions before making a decision.

OWNERSHIP, WITH A PLAN

Investor outlook.

Explore this property’s rental potential with an all-cash purchase. Monthly rent starts at 5% of the purchase price per year, divided by 12. Adjust it and the other assumptions to explore your scenario.

These are planning assumptions, not a rental appraisal or a loan quote. The starting rent is a price-based estimate; a local leasing professional can help confirm market rent.

Investor outlook assumes an all-cash purchase. No mortgage payment is deducted.

Estimated monthly cash flow · cash purchase
Estimated monthly rent$6,666.25
Cap rate

Annual operating income:

HOA: No HOA cost is included because the listing source reports a $0 fee. Confirm current dues and special assessments before relying on this estimate.

Have ERA review this rental estimate

Your property and current assumptions will be included for our team to review.

Adjust assumptions
Purchase price
Rental income & operating costs

Purchase price × 5% ÷ 12. Updates with purchase price until you enter a custom rent.

Annual insurance starts at purchase price × 0.25%, rounded to the nearest available amount. Updates with purchase price until you choose another amount.A planning estimate, not an insurance quote. Adjust it for your property and coverage.

Percentages are editable examples, not ERA fee quotes. Management is applied to rent after vacancy; maintenance and capital reserves use scheduled rent. Add owner-paid utilities, mortgage insurance and other recurring expenses under other costs.

How this scenario is calculated

Annual operating income is rent after vacancy, management, maintenance, taxes, insurance, HOA and other operating costs, before financing and capital reserves. Cap rate divides annual operating income by purchase price. Estimated monthly cash flow assumes an all-cash purchase: rent after vacancy, management, maintenance, taxes, insurance, HOA, other operating costs and capital reserves. No mortgage payment is deducted. The mortgage calculator is separate; loan payments would reduce cash flow for a financed purchase. One-time acquisition costs, renovations, income taxes, depreciation and appreciation are excluded.

Mortgage payment calculator

Explore financing separately. These loan settings do not change the all-cash investor outlook.

Mortgage assumptions

20% down and 7% interest are illustrative starting values.

Estimated monthly principal & interestLoan payment only. Excludes property taxes, homeowners/flood insurance, mortgage insurance and HOA dues.

About this payment estimate

Based on a fixed-rate, fully amortizing loan with monthly payments and the price, down payment, interest rate and term you select. The interest rate is an example, not a current rate offer or APR; APR includes certain loan costs. This is an illustration, not a Loan Estimate, approval, offer of credit or commitment to lend.

Your actual payment, rate and eligibility depend on your lender, credit, loan program and property. Closing costs, points, prepaid expenses and lender fees are not included. Taxes and insurance may change, and mortgage insurance may be required, particularly with a down payment below 20%. Ask your lender for a Loan Estimate and a complete monthly payment including applicable taxes, insurance and fees.

Dollar results are rounded to the nearest cent; calculations retain precision until display. A cash purchase has no loan payment but still has ownership costs. Understand your total home payment (CFPB).

ERA PROPERTY MANAGEMENT

See its potential.
Have a plan for what follows.

Considering this property as a rental? Start with the numbers, then talk through the day-to-day with a local management team.

  1. Understand the opportunity.

    Review rental pricing, property condition and your ownership goals with a local professional.

  2. Make a strong first impression.

    Bring together property preparation, professional marketing and applicant screening.

  3. Stay connected to your investment.

    Get support with rent collection, resident communication, maintenance coordination and owner reporting.

Get a local rental estimateTalk through your management needs
Stone-front home with a landscaped lawn and central entry
A more complete plan for your property

LOCAL PEOPLE. SHARED COMMITMENT.

A team behind your next step.

From your first question to the everyday work of ownership, a conversation with the right person makes a difference.

Meet ERA Property Management

Residential management in Utah, Nevada and Texas. Service availability and rental eligibility must be confirmed for each property. Commercial and association services are available through our management services page.

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334 Rainbow Crest Road, Fallbrook, CA 92028 · MLS #NDP2608282

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Listing information

MLS #NDP2608282 · California Regional MLS

Listing brokerage: Sunshine Properties RealEstate
Listing agent: Sergio Garcia

Listing status: Active. Record updated . Confirm current availability and price with the listing agent.

The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. "CRMLS" and is protected by all applicable Copyright © 2023 laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional. Information deemed reliable but not guaranteed. Copyright © 2023 California Regional Multiple Listing Service, Inc. All rights reserved.