46920 Rainbow Canyon Road, Temecula, California 92592, Temecula, - bed, bath

home-pic
ACTIVE$1,100,000
46920 Rainbow Canyon Road, Temecula, California 92592
3Beds
3Baths
2,210Sqft
89,298Lot
Year Built
1990
Close
-
List price
$1.1M
Original List price
$1.1M
Price/Sqft
-
HOA
-
Days on market
-
Sold On
-
MLS number
NDP2506386
Home ConditionFair
Features
Good View: Hills
Pool
Spa
Patio
ViewHills

About this home

Incredible private mountain retreat with Guest House surrounded by nature. Gorgeous oaks and giant boulders. Rock entry walkway with lovely pool and spa. Covered area to entertain. Custom home 3bedroom, 2 3/4 bath with hand hewn open beams throughout. True craftsmanship. Spacious living room with rock fireplace and bar. Enclosed patio room with hand cut stone flooring. Very large master bedroom has lovely views of the canyon. Bilevel floor plan. Large kitchen, lots of food prep counter space. Breakfast bar. Extra entry level bedroom has 3/4 bath. Lots of storage area. Separate guest house has one bedroom, kitchen and detached garage. Experience a special unique lifestyle seldom found so close to all. A true gem hideaway located minutes from Temecula, numerous wineries, entertainment, shopping and the I-15 freeway.

Price History

Date
Event
Price
06/27/25
Listing
$1,100,000
Neighborhood Comparison

 SubjectAverage HomeNeighbourhood Ranking (376 Listings)
Beds34
32%
Baths33
50%
Square foot2,2102,383
44%
Lot Size89,2987,405
87%
Price$1.1M$785K
80%
Price per square foot$498$359
90%
Built year19901997
25%
HOA$136
Days on market131167
31%
Condition Rating
Fair

Built in 1990, this property is 34 years old and appears to have had no major renovations since construction, or any renovations were done in a similar, now outdated, style. The kitchen features original or early 90s style wood cabinets, tile countertops, and tile backsplash, which are significantly outdated despite a newer stainless steel dishwasher. Both bathrooms also exhibit dated tile countertops, flooring, and Hollywood-style strip lighting. While the home is well-maintained and boasts unique custom features like hand-hewn open beams and stone flooring, the critical areas of the kitchen and bathrooms require minor to substantial updates to meet current aesthetic standards. The property is functional and livable but clearly shows its age in terms of style and finishes.
Pros & Cons

Pros

Private Mountain Retreat & Natural Beauty: The property offers an incredible private mountain retreat experience, surrounded by gorgeous oaks, giant boulders, and natural landscapes, providing a serene and unique living environment.
Income Potential / Versatility with Guest House: A separate guest house with one bedroom, kitchen, and detached garage adds significant value, offering potential for rental income, multi-generational living, or a dedicated home office/studio.
Exceptional Outdoor Amenities: Features a lovely pool and spa, along with a covered entertainment area, enhancing the lifestyle appeal and providing ample space for relaxation and hosting.
Custom Craftsmanship & Unique Architectural Details: The custom home boasts true craftsmanship with hand-hewn open beams throughout, a rock fireplace, and hand-cut stone flooring in the enclosed patio room, offering distinctive character.
Strategic Location with Accessibility: Despite its private retreat feel, the property is conveniently located minutes from Temecula, numerous wineries, entertainment, shopping, and the I-15 freeway, balancing seclusion with accessibility.

Cons

Potential for System Updates: Built in 1990, the property's core systems (e.g., HVAC, plumbing, electrical) may be original and could require future updates or replacements, which are not explicitly mentioned as recent upgrades.
Bilevel Floor Plan: The bilevel floor plan may not appeal to all prospective buyers, particularly those seeking single-story living or individuals with mobility challenges.
High Maintenance for Large, Natural Lot: The expansive 2-acre 'mountain retreat' lot with natural features like oaks and boulders suggests significant ongoing maintenance requirements for landscaping and property upkeep.

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