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Temecula 92592
45534 Olympic Way
$749,900
● House - Off Market

45534 Olympic Way

Temecula, CA 92592
bedrooms
4 Beds
bathrooms
2 Baths
square feet
2,068 Ft²
$3,755
Est. Monthly
$72
HOA / Fees

About This Property

Gathering space extraordinaire! Gorgeous POOL home on an large, flat rectangular lot in the desirable Rainbow Canyon Villages and Estates community. Located in the peaceful interior portion of this established community and in close proximity to San Diego County, all who enter are welcomed by a covered front patio that leads graciously into a light-filled home featuring a bright kitchen with granite counters, resurfaced soft-close cabinetry, stainless steel appliances, a peninsula with seating, and generous pantry storage. The east-facing kitchen opens to a comfortable family room, ideal for everyday living and entertaining and faces the breathtaking backyard with a soothing pool and spa with waterfall feature that were lovingly resurfaced in 2025. The expansive primary suite offers more backyard views, dual sinks, a soaking tub with shower, multiple closets, and a semi-private loft with exterior and interior balconies. Upstairs are two additional guest bedrooms, a full guest bath, and hallway storage cabinets. A generous downstairs bedroom and ¾ bath offer added flexibility for a home office, multigenerational living or other option limited only by your imagination. The living and dining areas open to the resort-style backyard--a true showcase feature. Take in the iconic views of local Temecula hills and mountains. With summer upon us, there is no better time to plunge into this entertainer's delight. There is a Puronics water purification system installed in 2021 and the upgraded NexGen HVAC system was installed in 2023. Conveniently located near Rainbow Canyon Road and Temecula Creek Golf Course, Pechanga Resort, with Wine Country just a few miles to the east. Zoned for Great Oak High School. A large, well-designed laundry and utility room completes the home. Low HOA and low taxes!
Unit Size
2,068 Ft²
Days on Market
78 days
Land Size
0.17 acres
Price per sqft
$363
Property Type
House
Property Taxes
-
HOA Dues
$72
Year Built
1986

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Last updated: 3 months ago (CRMLS #SW26092142)

Price History

Date / Event Date Event Price
Jul 24, 2026 Sold
Sold
Jun 25, 2026 In contract -
In contract
Jun 2, 2026 Price Decreased $749,900
↓ $15K (2%)
Price Decreased
Apr 20, 2026 Listed by AARE $764,900
Listed by AARE

Property Highlights

Garage
Air Conditioning
Fireplace
With View

Building Info

Overview

    General

  • Year Built: 1986
  • Effective Year Built: 1986
  • Building Count: 1
  • Bedroom Count: 4
  • Bathroom Count: 3
  • Full Bathrooms: 3
  • Partial Bathrooms: 3
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 17
  • Building Style: 0
  • Exterior Walls Type: 0
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 18
  • Floor Count: 200
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 1
  • Garage Square Area: 740
  • Parking Space Count: 3
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 8

    Dimensions

  • Lot Size Square Feet: 7,405
  • Total Building Area: 3,082
  • Gross Building Area: 3,082
  • Building Area: 2,068
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 1
  • Heating: 3
  • Heated Square Feet: 2,068
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 5
  • Water Service: 6

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: 135M75
  • Land Acres: 0000000170
  • Standard Land Use Code: 1001
  • County Land Use Code: 20
  • State Land Use Code: R01
  • Legal Description 1: .17 ACRES NET IN LOT 36 MB 135/075 TR 13060-3

Neighborhood

  • School District Name: Temecula Valley Unified School District
  • Census Tract: 043254

Zoning

  • Zoning: R1

Geography

  • Subdivision Tract Number: 13060-3
  • Parcel: 922-283-005
  • Lot: 36
  • Municipality: TEMECULA
  • Latitude: 33.4693
  • Longitude: -117.126

    Address

  • Full Address: 45534 Olympic Way
  • Address - House Number: 45534
  • Address - Street Name: Olympic
  • Address - Suffix Type: Way
  • State: CA
  • City Name: Temecula
  • Carrier Code: C004
  • 4-Digit Zip Code: 5940
  • Zip Code: 92592

Valuation

    Tax

  • Total Area: 2,068
  • Tax Year: 2023
  • Tax Amount: $407,250
  • Tax Rate Code Area: 013-026

    Appraisal Valuation

  • Standard Deviation: 0.1718
  • Valuation Date: Jan 31, 2024
  • Confidence Score: 78
  • Final Value: 722,963
  • High Value: 847,221
  • Low Value: 598,705

    Market Valuation

  • Market Total Value: $577,620

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $333,089
  • Assessed Land Value: $65,161
  • Assessed Improvements Value: $267,928

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: May 31, 2001
  • Current Sale Recording Date: Jun 29, 2001
  • Current Sale Price:
  • Current Sale Document Type: 36
  • Current Sale Input Document Number: 2001-299099

    Financing

  • First Mortgage Financing Type: ADJ
Data used for valuation calculations is provided by RealtyHop, and other third party sources

Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes

About Temecula


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Frequently Asked Questions

When was property at 45534 Olympic Way built and last sold?
The property at 45534 Olympic Way was built in 1986 and last sold on May 31, 2001 for $230,000.
How much is this home worth?
The estimated value of the home located at 45534 Olympic Way is $770,115.
What are some comparable homes to 45534 Olympic Way?
There are currently no comparable homes to 45534 Olympic Way.