334 Rainbow Crest Road, Fallbrook, California 92028, Fallbrook, - bed, bath

home-pic
ACTIVE$1,568,000
334 Rainbow Crest Road, Fallbrook, California 92028
3Beds
3Baths
2,556Sqft
243,936Lot
Year Built
1992
Close
-
List price
$1.57M
Original List price
$1.57M
Price/Sqft
-
HOA
-
Days on market
-
Sold On
-
MLS number
TR25196657
Home ConditionExcellent
Features
Good View: City Lights, Coastline, Hills, Mountain(s), Ocean, Panoramic, Pasture
Patio
ViewCity Lights,Coastline,Hills,Mountain(s),Ocean,Panoramic,Pasture

About this home

HILLTOP EQUESTRIAN PROPERTY OFFERING DISTANT OCEAN VIEWS This property offers cool ocean breezes in rural, quiet seclusion including well designed horse amenities, all within 15 min of all city amenities/shopping/wineries & 3 different golf resorts. 5.6 acres, on a quiet secluded hilltop ALL FULLY FLAT & USABLE FOR HORSES, - set up for professional use. Well suited for a private training/sales facility, a Rehab center, Equine ass. therapy or the discriminate private horse owner. Fast & easy freeway access from 2 directions to I-15 just 5 min down the hill. Southern access road from Hwy 76 is specifically build for semi truck/large horsetrailer access. (General Alert: Living on a hilltop requires uphill driving to the hilltop!) Property is fully fenced & gated (outer perimeters incl. chain-link fence for dogs) 2560sq, 3Br, 3 full Ba + Den, Spanish style custom home with a modern & warm ambience, largely remodeled in 2019 & further extensive updates in 2025 incl. a brand new roof. High, cathedral ceilings throughout living area give an open feel Inviting huge Master suite & large bathroom w. jetted tub & double shower Kitchen shows granite counter tops & stainless steel appliances 2 wood-fireplaces in living room & family room, plus 1 electric fireplace in Master suite ---------------- 6-stall (12x12 stalls w. paddocks) custom built Silverado barn with extra high/wide raised breezeway - 16' wide barn isle Wood paneled stall fronts- Colored concrete barn isle- Large Porch for hay storage & socializing- Tack room 12x12 - Indoor, hot water wash stall w. oversized water heater - Automatic fire sprinkler system acc. to CA building code ----------------------- Additional 6-stall mare motel barn(12x24 stalls) 90x180 arena with professional German Geo Textile (GGT) footing and irrigation system - 5 large seasonal pastures - Property is currently on Municipal water w. agricultural discount – (also well on property – not in use) Plenty of room for additional arenas/horse facilities Everything on this Equestrian property is fully permitted and built by licensed contractors. Direct, unlimited trail riding access on well maintained fire-roads into the surrounding hills, right out your gate. Technically zoned for 10 horses/acre (Total of 55 horses - L2 zoning) The property location is naturally protected from Santa Ana Winds. All operational equipment is included! (Tractor, GGT arena drag etc. Home may be available fully furnished, subject to negotiation.

Price History

Date
Event
Price
09/03/25
Listing
$1,568,000
Neighborhood Comparison

 SubjectAverage HomeNeighbourhood Ranking (277 Listings)
Beds33
50%
Baths33
50%
Square foot2,5562,174
63%
Lot Size243,93635,719
82%
Price$1.57M$878K
92%
Price per square foot$613$426
96%
Built year19929955996
53%
HOA
Days on market62173
4%
Condition Rating
Excellent

The property, built in 1992, has been extensively remodeled in 2019, bringing its key areas up to modern standards. The kitchen features contemporary white cabinetry, granite countertops, and stainless steel appliances. Bathrooms are updated with granite vanities and modern tiling. Hardwood flooring in main living areas and well-maintained carpets in bedrooms, along with the mention of a new roof in 2025, indicate a property with minimal physical depreciation and no deferred maintenance, aligning with an 'excellent' condition score.
Pros & Cons

Pros

Exceptional Equestrian Facilities: The property boasts comprehensive, professional-grade equestrian amenities, including two barns with a total of 12 stalls, a 90x180 arena with professional German Geo Textile (GGT) footing and irrigation, 5 large seasonal pastures, and all structures are fully permitted and built by licensed contractors. Operational equipment like a tractor and GGT arena drag are included, making it ideal for serious horse enthusiasts or commercial operations.
Panoramic Views & Secluded Location: Situated on a quiet, secluded hilltop, the property offers distant ocean views, cool ocean breezes, and panoramic vistas encompassing City Lights, Coastline, Hills, Mountains, Ocean, and Pasture. It is naturally protected from Santa Ana Winds, providing a serene and private living environment.
Extensive Recent Remodeling & Updates: The Spanish-style custom home has undergone significant improvements, being largely remodeled in 2019 with further extensive updates planned for 2025, including a brand new roof. This ensures modern comfort, a warm ambiance, and reduced immediate maintenance for the new owner.
Large, Usable & Fenced Acreage: The 5.6-acre lot is fully flat and usable, specifically designed for horses, and is completely fenced and gated. This provides ample space for current equestrian activities and potential expansion, with L2 zoning allowing for up to 55 horses.
Excellent Accessibility & Trail Access: Despite its rural seclusion, the property offers convenient access, being within 15 minutes of city amenities, shopping, wineries, and golf resorts. It features fast freeway access to I-15 and direct, unlimited trail riding access into the surrounding hills right from the property gate.

Cons

Uphill Access Requirement: The property's hilltop location, while offering desirable views and breezes, requires uphill driving for access, which is explicitly noted and could be a minor inconvenience for some residents or visitors.
Niche Market Appeal: The extensive and specialized equestrian facilities, while a significant asset, cater to a very specific buyer demographic. This specialization may limit the overall pool of potential purchasers compared to a more general residential property.
Lack of Central Air Conditioning (Implied): While the description highlights 'cool ocean breezes,' it does not explicitly mention the presence of a central air conditioning system. This could be a drawback for buyers accustomed to mechanical cooling, especially during warmer periods.

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