944 Rainbow Crest 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 |
|---|---|---|---|
| Sep 18, 2025 | Sold | ||
| Sold | |||
| Jul 16, 2025 | Price Decreased |
$1,133,000
↓ $67K
(5.6%) | |
| Price Decreased | |||
| Jun 10, 2025 | Price Decreased |
$1,200,000
↓ $100K
(7.7%) | |
| Price Decreased | |||
| May 4, 2025 | Listed by RE/MAX Connections | $1,300,000 | |
| Listed by RE/MAX Connections | |||
| | |||
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Perched high atop a hill in Rainbow, you’ll find the most majestic views, stretching so far into the distance that the eye can hardly comprehend it. It’s a sight so spectacular, it feels as if Heaven itself has descended upon you. In the winter, you can see a blanket of snow on top of Mount Palomar. Other days, billowy clouds float above the horizon, and the sunrises are so breathtaking that words fail to capture their beauty, the way the light spills across the landscape, as if the sun is gently kissing the hills good morning, is simply unforgettable. Located just 10 miles from both Old Town Temecula and downtown Fallbrook, this property offers the perfect blend of tranquil seclusion and easy access to shopping, dining, and world-class wineries, making the location truly ideal. Step inside to discover a gourmet kitchen featuring top-of-the-line Viking appliances, a wine bar perfect for entertaining, and elegant finishes throughout. A spacious rotunda entry welcomes you home, offering a graceful place to drop your keys and unwind. The open-concept living room is bathed in natural light, and in the evenings you can curl up with a blankets and sip hot chocolate by the fireplace. Featuring a mix of elegant wood flooring, slate and travertine stone throughout, this home combines warmth and timeless sophistication in every room. Massive wall of glass expanding 12 ft with 2 sliding doors showcasing a a 6-foot opening to expand your living space onto the outdoor patio, creating a seamless flow between indoor outdoor lifestyle that is iconic of Southern California. Complementing this, the kitchen nook features a brand new 10-foot panoramic window, perfect for soaking in the sweeping views. Whether hosting guests or enjoying a quiet evening, this space offers flexibility and breathtaking scenery as your backdrop. Outside, a luxurious infinity-edge pool invites you to relax on warm summer days, while the calming sound of the cascading waterfall sets the tone for peaceful evenings. The panoramic views are so extraordinary, they rival even the most memorable vacation vistas, making every day here feel like a getaway. This home is so special, it feels like a permanent staycation, only it’s yours to enjoy every day. It’s also a fantastic opportunity for a short-term rental or vacation home investment. Don’t miss your chance to experience it in person. Schedule your private showing today before someone else seizes this incredible opportunity.
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| Mar 1, 2018 | Sold | ||
| Sold | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017