1 Rainbow Falls
About This Property
Inside, soaring ceilings and a clean modern aesthetic create an immediate sense of openness. Wide-plank luxury vinyl flooring, smooth ceilings, iron and glass staircase and refined finishes elevate every space. The family room flows seamlessly to a spacious enclosed patio framed by greenery, blending indoor comfort with tranquil outdoor living. A gated front courtyard adds both charm and privacy, creating a warm and welcoming arrival.
The redesigned kitchen is as functional as it is striking, featuring custom cabinetry, quartz countertops, a dramatic double-waterfall island, custom quartz backsplash shelves, premium appliances, and a custom pantry. Each bathroom has been beautifully renovated with elevated finishes, while the primary suite offers a true spa-inspired escape with a Roman tub, separate shower, dual vanities, and a private balcony capturing mountain and city lights views.
Extensive upgrades provide lasting value and peace of mind, including new windows and patio doors, all new interior doors and hardware, updated PEX plumbing, recessed lighting, and a fully updated HVAC system. A custom wet bar with a marble backsplash and a commercial dual-temperature wine fridge, along with a redesigned fireplace, an inside laundry room, and a 2-car attached garage with direct access, further enhance both comfort and convenience.
Residents enjoy access to pool, spa, and tennis courts, along with Irvine's award-winning schools and nearby parks and trails. This is a rare opportunity to own a meticulously upgraded home that seamlessly blends privacy, craftsmanship, lifestyle, and long-term investment strength in the heart of Turtle Rock.
Payment Calculator
Your Estimated Monthly Payment
Cap Rate Calculator
What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Mar 20, 2026 | Sold | ||
| Sold | |||
| Mar 3, 2026 | In contract | - | |
| In contract | |||
| Feb 18, 2026 | Listed by Coldwell Banker Realty | $1,998,800 | |
| Listed by Coldwell Banker Realty | |||
Property Highlights
Comparables
Status
Price/ft²
Listed On
Sold On
Past Sales
| Date | Unit | Beds | Baths | Sqft | Price | Closed | Listed By |
|---|---|---|---|---|---|---|---|
|
10/27/2025
| |
3 Bed
|
2 Bath
|
2359 ft²
|
$1,475,000
3 Bed
2 Bath
2359 ft²
|
$1,525,000
+3.39%
11/10/2025
|
Chris Kwon
Real Brokerage Technologies
|
Building Info
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017