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Closed
- Listed price
- $2,299,000
- Listed Nov 21, 2018 · $192/sq ft
- Sold price
- $1,400,000
- Sold Jun 10, 2019
6 beds|6 ba|12,000 sqft|5,227,200 sqft lot|2016 Built|157 days listed
7436 Rainbow Heights Rd, Fallbrook, CA 92028
Property Description
Welcome to paradise! Absolutely stunning, private gated Estate built in 2016. 120 gorgeous acres featuring a seasonal creek and commercial grade slope drainage. Boasts appx 12,000 SF w/ 6 generous size BR & 5.5 baths all with custom showers. All BR & living quarters are downstairs. Attached Casita w/its own BR. Living quarters w/complete kitchen, 2 custom master BR's, 25 ft ceilings, theater room/gym, rich wood bamboo floors, custom painted w/smooth walls, ceiling fans, neutral carpet, cozy propane fireplace & 11 ductless mini splits air/heat unit sys. Classy granite & stone throughout home. Gas to entire property is propane. Well w/ 4 - 5,000 gal holding tanks. Full water filtration system. Custom cooks kitchen w/ granite, SS appliances, built-in fridge, custom lighting & walk-in pantry. Upstairs has a huge bonus room & real 1949 Cesna plane used as a central art piece perched above the great rm. Parking lot holds approx 100 cars. Beautiful in-ground pool/spa heated with propane. This property has held appx 50 weddings over a 1 year period but would need to complete the conditional use permit for future weddings.The property is being sold as a residence w/land, not a wedding venue. Full propane powered auto switch back up generator. Huge detached metal storage unit to remain. Note: showing a Fallbrook address but located in Riverside County. **APN: 918-210-006**
Listing agent: Serina Ortiz-TomlinsonDRE #01152416serinamyrealtor@gmail.com, Listing office: Rancon Real Estate
MLS data updated 10/19/2026, 2:09:49 AM PT
Source: CRMLSMLS #: SW18278071
Belmont insights
Price & property history
Compare recorded home prices, same-type ZIP sales and mortgage rates.
Last recorded sale$1,400,000
Jun 10, 2019
Available records22018–2019
From MLS recordsActual listing and closing events
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This home · nearest recorded event
No recordNo property-price record in this range.ZIP 92028 · Oct 2026
No monthly averageAt least 3 eligible sales in this month are required.30-year fixed mortgage benchmark
No weekly rateNo published rate within 7 days of this date.This home · 0 price recordsNo records in this period
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Recorded sales in this period (0)
No recorded sales in this range. Select All available for older records; missing records do not mean the home never sold.
ZIP averages use publicly displayable closed sales from our licensed MLS feed, matched to the same ZIP and exact property type. Months with fewer than 3 sales are omitted; the current month is incomplete. Lines connect available monthly observations across gaps and do not represent measured prices in missing months. These averages are not adjusted for size, condition, or location within the ZIP, and are not an appraisal. Feed coverage may not include every sale. All available shows the available home and ZIP history, with mortgage rates over the same dates.
Mortgage benchmark: Freddie Mac Primary Mortgage Market Survey®. © Freddie Mac. Weekly national 30-year fixed rates, not APRs or a loan quote. Actual terms vary. Methodology changed in November 2022. The chart does not establish that interest-rate changes caused a home’s price changes.
Lines connect recorded asking and sale prices. They are visual guides, not estimates of the home’s value between those dates.
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MLS records may be incomplete. Earlier asking prices are not sale prices.