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$929,900 Just Listed

  • For Sale
  • Active
  • Single Family
  • 3 Beds
  • 2 Full Baths
  • 1,817 Sq. Ft.
  • Updated 14 hours ago
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Original Wine Country Schoolhouse. Very special and unique Country property just minutes from Old Town Temecula. Two plus gentle oak studded acres featuring "The Old Vallecitos School House" converted to a three bedroom plus loft, two bathrooms. The renovated Schoolhouse was built in 1887 and was used as such until it was moved onto this property in the 1950's. Beautiful hardwood flooring, a huge fireplace and recently opened up original windows are charming touches to the original first floor. Upstairs the bedrooms have knotty pine flooring and old slat windows. There is a full bedroom and bath downstairs. The home has new drywall, fresh interior and exterior "Victorian" paint and all of the wood flooring has been refinished. Propane has been added and so have heating and A/C. New Roof in 2025 plus all home was tented and all termite work completed. New electronic entry gate just added. Both bathrooms have been completely remodeled and kitchen has been updated with new sink, faucet and countertops. Outside beautiful natural landscape on gentle fertile land perfect for gardening. There is a large metal barn/workshop and a one horse old wood barn. Enjoy the charming setting while being only minutes to everything Temecula and Fallbrook have to offer including 60+ wineries within 20 minutes! Only .4 mile to Rainbow Oaks Restaurant and gas station.

Full Property Details for 1239 Rainbow Valley Blvd

General

  • Price: $929,900
  • Status: Active
  • Type: Single Family
  • Source: MRMLS
  • MLS ID: OC26034413
  • Updated: 2/15/2026
  • Days on Market: 1 days
  • Added to Site: 1 day(s) ago

Interior

  • Rooms/Areas: Center Hall, Family Room, Galley Kitchen, Main Floor Bedroom, Main Floor Primary Bedroom
  • Interior Features: Two-Story Ceilings
  • Fireplace: Yes
  • Fireplace(s): Living Room, Wood Burning
  • Eating Areas: Breakfast Nook, Dining Room, In Living Room
  • Appliances: Gas Oven, Gas Range, Propane Oven, Refrigerator, Tankless Water Heater
  • Flooring: Tile, Wood

Rooms

Bathrooms

  • Total Bathrooms: 2
  • Full Bathrooms: 2

Bedrooms

  • Total Bedrooms: 3

Other Rooms

  • Laundry: Dryer Included, In Carport, Washer Included

Additional Information

  • Pool Description: None

Exterior

  • Deck/Patio: Covered, Rear Porch

Parking

  • Carport Spaces: 2

Location

  • County: San Diego
  • Subdivision: Fallbrook
  • Driving Directions: Take 395 to Rainbow Valley Blvd and go east. Home is on the right. Gated entry.

School Information

  • School District: San Diego Unified

Community

  • Community Features: Valley

Heating & Cooling

  • Cooling Type: Central Air, Zoned, Electric
  • Heating Type: Zoned, Electric, Wood, Fireplace(s)

Utilities

  • Sewer: Conventional Septic
  • Water: Public

Structural Information

  • Architectural Style: Craftsman
  • Structure Type: Single Family Residence
  • Common Walls: No Common Walls
  • Entry Location: up 4 steps
  • Stories/Levels: Two
  • Stories Description: Two
  • Square Feet: 1,817
  • Sq. Ft. Source: Assessor
  • Year Built: 1887
  • Year Built Source: Estimated
  • Property Condition: Updated/Remodeled

Lot Features

  • Property View: Hills, Neighborhood, Orchard, Panoramic, Rocks, Trees/Woods
  • Lot Size (Acres): 2.15
  • Lot Size (Sq. Ft.): 93,654
  • Lot Size Source: Assessor
  • Lot Description: Agricultural, Back Yard, Front Yard, Garden, Horse Property, Lot Over 40000 Sqft, Rectangular Lot, Level, Secluded
  • Fencing (Description): Chain Link

Financial Considerations

  • Price Per Sq. Ft.: $511.78

Disclosures and Reports

  • Special Conditions: Standard
Buyer's Brokerage Compensation: Contact Listing Agent
Not binding unless confirmed by separate agreement among applicable parties.

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— 1239 Rainbow Valley Blvd —

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NMLS#: 1598647

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NMLS#: 1598647

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Schools serving 1239 Rainbow Valley Blvd

School Districts:Vallecitos Elementary School District, Fallbrook Union High School District
NameGradesDistance
Vallecitos Elementary School
5211 Fifth St., Rainbow, CA 92028
PK-80.9 mi
Fallbrook High School
2400 South Stage Coach Lane, Fallbrook, CA 92028
9-126.1 mi
Disclaimer: School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 1239 Rainbow Valley Blvd Get Price Alerts and Save Property

Date
Details
Price
Change
Source
2/15/2026
Listed
$929,900
165.69%
MLS
11/13/2015
Sold
$350,000
—
Public Record
Get Price Alerts and Save Property
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Tax History for 1239 Rainbow Valley Blvd

Year
Property Taxes
Change
Tax Assessment
Change
2025
$4,366
4%
$414,322
4%
2023
$4,201
1%
$398,235
2%
2022
$4,142
3%
$390,427
2%
2021
$4,034
—
$382,773
1%
2020
$4,052
2%
$378,849
2%
2019
$3,975
2%
$371,422
2%
2018
$3,910
2%
$364,140
2%
2017
$3,832
2%
$357,000
2%
2016
$3,743
82%
$350,000
85%
2015
$2,062
407%
$189,681
391%
2014
$407
—
$38,593
—
View All
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

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*These costs are estimates, and the interest rates assume exceptional credit standing.

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1239 Rainbow Valley Boulevard, Fallbrook, CA 92028 (MLS# OC26034413) is a Single Family property with 3 bedrooms and 2 full bathrooms. 1239 Rainbow Valley Boulevard is currently listed for $929,900 and was received on February 15, 2026. This property is listed by Mary Beth Buckles from our Laguna Beach Office.Want to learn more about 1239 Rainbow Valley Boulevard? Do you have questions about finding other Single Family real estate for sale in Fallbrook? You can browse all Fallbrook real estate or contact a Coldwell Banker agent to request more information.

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