6472 Rainbow Heights Road
About This Property
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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 |
|---|---|---|---|
| Dec 8, 2025 | Sold | ||
| Sold | |||
| Nov 14, 2025 | In contract | - | |
| In contract | |||
| Oct 24, 2025 | Listed by Capitis Real Estate | $948,800 | |
| Listed by Capitis Real Estate | |||
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A Mountaintop Retreat Like No Other, Perched at the top of Rainbow Heights, this breathtaking 4-bedroom home with paid off solar, feels like it’s been lifted straight from a dream. The moment you arrive, you’re greeted by towering ancient oaks, majestic rock formations, and soft golden light that dances across the land. It’s more than a home it’s a feeling, peaceful, grounded, and alive with natural beauty. Step through the gate and follow the stone path beneath the oaks, where string lights weave through the branches above a magical picnic area. Here, afternoons linger in dappled light and evenings glow beneath the canopy, a perfect setting for gatherings and quiet reflection. Inside, the home opens into a bright, modern living space designed for connection, the kind of open floor plan where cooking, dining, and living blend seamlessly together connecting indoor and outdoor living. The kitchen glows with quartz countertops, stainless-steel appliances, and soft recessed lighting. Every window frames another view of sun-washed hills, sculpted granite boulders, and sky that stretches endlessly toward the coast. On warm summer days, the sparkling Pebble Tec pool becomes the heart of the home inviting you to dip your toes on the Baja shelf with umbrella option, swim a few laps, or simply float and watch the light shift across the rocks. The oversized detached three car garage with epoxy flooring and two versatile studio sheds (one perfect for yoga or art) offer space for every passion and project. Throughout the property, more than twenty mature oaks cast shade across 2.5 flat, usable acres all fully fenced, all thoughtfully landscaped. A small orchard of macadamia and pomegranate trees thrives beside the pool, while wide open spaces invite the possibility of a guest house, RV parking, or ADU. And though this sanctuary feels worlds away, it’s just 15 minutes from Fallbrook’s village charm, Temecula’s wineries, and the gates of Camp Pendleton. Rainbow Heights has always been known for its views, but this home offers something rarer a sense of magic you can feel the moment you step onto the land. Here, every sunset feels like a celebration, every breeze carries peace, and every corner whispers: you’ve finally found home.
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| Aug 15, 2025 | Price Decreased |
$895,000
↓ $15K
(1.7%) | |
| Price Decreased | |||
| Jul 28, 2025 | Listed | $910,000 | |
| Listed | |||
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Discover this stunning 4-bedroom, 2-bathroom home nestled on over 2.5 usable acres with tiered views overlooking the entire property. Enjoy breathtaking ocean views from the back porch, offering a relaxing scene of the California coast. The open floor concept seamlessly connects the kitchen, dining, and living areas—featuring ample cabinet space, quartz countertops, stainless steel appliances, recessed LED lighting, a new aluminum porch cover, and solar roof venting.
The gorgeous bathrooms, energy-efficient windows, and oversized 3-car garage complement the home’s comfort and style. Additional highlights include two large storage sheds—one with a tranquil view of the pool and yard—a Generac 24kW standby generator with Wi-Fi, an 11.578 kW solar panel system, and numerous mature fruit trees such as grove, macadamia, and pomegranate.
Relax under an oak swing among over 20 large oaks, enjoy the inviting 450 sq ft pool with a Baja shelf, lap lane, night lights, and Pebble Tec lining—perfect for cooling down on warm days. The property also offers room to build an ADU or guest house, plenty of RV parking, and beautiful park-like landscaping—all fully fenced.
Additional amenities include a large energy-efficient home with gorgeous foliage, warm breezes, and year-round mild weather. Just 15 minutes from Camp Pendleton, wineries, and endless activities, this picturesque retreat combines serene natural beauty with modern comfort and flexibility.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017