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1832 Camino Rainbow, Fallbrook, CA 92028

$1.04M3bd · 3ba · 2,820 sqft
Lot 160,301 sqft•Single Family Residence•
Active
•124d on market•MLS# SW-26125133

Property Description

This exceptional custom estate on 3.68 acres offers breathtaking panoramic views, a thriving avocado grove, and a peaceful lifestyle. Tucked away on a quiet street, this secluded property overlooks the picturesque hills of Rainbow and provides endless privacy without the restrictions of a gated community, all with low taxes and no HOA. Ideally located, this retreat offers the best of So California living—16 minutes from Temecula's renowned Wine Country, shopping, and entertainment, while also providing convenient access to the coast for beach days and ocean breezes. From the moment you step inside, you'll appreciate the warmth and character of the home, highlighted by beautiful Santa Monica Hickory wood flooring, French doors, exposed beams, and expansive picture windows, that showcase the surrounding countryside and avocado groves. The thoughtfully designed floor plan features three bedrooms, including two bedrooms and a full bath on the main level. A private den just off the kitchen creates the perfect space for a home office, reading room, complete with rustic beams. Upstairs, in addition to the spacious primary suite there is an adjacent bonus loft area, ideal for a home office, or sitting room. The primary suite also features a hidden room with additional storage area. Primary ensuite bath with a large walk-in shower. The kitchen is a chefs delight w room for an island and complemented by a walk-in pantry conveniently located near the laundry room, which includes a utility sink, washer and dryer, and direct access to the outdoors. 2 car garage Outdoor living is truly exceptional, with custom decking surrounding the backyard and multiple vantage points to take in the endless views and stunning sunsets. The property also includes a detached outbuilding featuring an artist's studio or creative space on the upper level, with an additional workshop. Room to accommodate RV parking, recreational vehicles, and multiple cars, the property offers flexibility rarely found in today's market. Enjoy the benefits of city water through Rainbow Water District service, and natural gas, a septic system, and a newer roof on the home. Surrounded by healthy avocado trees and commanding views, this one-of-a-kind Rainbow retreat combines comfort, and unmatched privacy in a truly remarkable setting. Whether you're seeking a full-time residence, or country escape with easy access to Wine Country, this remarkable property delivers it all.

Features & Amenities

FeeBuilt 1990

Property Details

Land Type
Fee
Year Built
1990
Property Type
Residential
Property Subtype
Single Family Residence
Parking Spaces
6
Garage Spaces
2
Heating
Central
Cooling
None
View
Canyon, Hills, Mountain(s), Panoramic, Trees/Woods
Flooring
Carpet, Wood
Roof
Tile
City
Fallbrook
Zip Code
92028
County
San Diego
Listed byCentury 21 Masters, Jennifer Humphreys

Mortgage Calculator

Current Rates

$
$
%
Monthly Payment
$5,284.09
Principal & Interest
Loan Amount
$836,000
Total Interest
$1,066,272
Total Payment Over 30 Years
$1,902,272
This calculator provides estimates only. Actual mortgage payments may include taxes, insurance, HOA fees, and PMI. Contact a lender for accurate quotes.

Comparative Market Analysis

Residential Tier · 5 active · 5 closed

1832 Camino Rainbow, Fallbrook, CA 92028

Fallbrook · Single Family Residence

$1.04M
Residential Tier
Beds
3
Baths
3
Sqft
2,820
Lot
3.68 ac
Year
1990
$/Sqft
$371
Pool: No✓
Spa: No✓
View: city✓
Garage: 2-car✓

Listed 17.2% below the median closed sale of $1,261,500. Price per sqft ($371) is a 19% discount to closed comps ($456). Expect a longer timeline — comps averaged 167 days on market.

Price Position

Priced below the market — value advantage over the field.

Price advantage
Subject listed at $1.04M· $371/sqft
Total list price
Closed comps
vs closed median $1.26M
−$217K (−17.2%)
Active comps
vs active median $1.36M
−$315K (−23.2%)
Price per sqft
Closed compsinsufficient comp data
Active comps
vs active avg $/sqft $512
−$141 (−27.5%)

Active Properties (5)

Active Comparables

AddressCityYearBDBTHSqFtLotSzLP/SqFtLPDIMScore
4106 Rock MountainFallbrook2004432,855190,357$476$1.36M186
3237 Canonita DriveFallbrook1979332,62490,169$410$1.07M3185
334 Rainbow Crest RoadFallbrook1992332,556240,015$626$1.60M3984
2278 Lindsey CourtFallbrook2003422,647114,127$603$1.59M1680
2645 Daisy LnFallbrook1978332,48348,787$443$1.10M2480
Total: 5 · Average3.42.82,633136,691$511.6$1.35M22.2
Median2,624$1.36M

Closed Properties (5)

Closed Comparables

AddressCityYearDateBDBTHSqFtLotSzLPSPSP/SqFtSP/LPDIMScore
3927 Limber PineFallbrook200309/09/2026432,60094,090$1.34M$1.33M$5110.996480
1674 Baja Vista DriveFallbrook198707/21/2026322,79747,044$1.14M$1.11M$3960.978280
3082 Camino CieloFallbrook198009/29/2026432,66243,560$1.30M$1.26M$4740.979678
3600 Linda Vista DriveFallbrook202109/29/2026432,703133,729$1.51M$1.49M$5510.9920277
2240 Aqua Hill RoadFallbrook200707/27/2026433,034158,558$1.05M$1.05M$3461.0038976
Total: 5 · Average3.82.82,759.295,396.2$1.25M$1.25M$455.6—166.6
Median2,703$1.26M$1.26M

Market Analysis

List vs Sale $/SqFt

Sale Price Trend

Days on Market

Sale vs List Price

AI-generated CMA

This analysis was generated automatically from MLS data. For an in-depth, human-reviewed valuation, contact Joseph Sardella at josephsardella@gmail.com.