$929,900 - 1239 Rainbow Valley Boulevard, Fallbrook

  • 3Beds
  • 2Baths
  • 1,817SQ. Feet
  • 2.15Acres

Fallbrook Home For Sale

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 new 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 home was recently tented and all termite work completed. 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.

Sales Agent

Sam Smith
  • Sam Smith
  • San Clemente Realtor ®
  • Phone: 949-204-5110
  • Cell: 949-204-5110
  • Contact Agent Now

Amenities

  • UtilitiesPropane
  • Parking Spaces2
  • ViewHills, Neighborhood, Panoramic, Rocks, Trees/Woods, Orchard
  • PoolNone

School Information

  • DistrictSan Diego Unified

Essential Information

  • MLS® #OC26034413
  • Price$929,900
  • Bedrooms3
  • Bathrooms2.00
  • Full Baths2
  • Square Footage1,817
  • Acres2.15
  • Year Built1887
  • TypeResidential
  • Sub-TypeSingle Family Residence
  • StyleCraftsman
  • StatusActive Under Contract
  • Listing AgentMary Beth Buckles
  • Listing OfficeColdwell Banker Realty

Exterior

  • Lot DescriptionBack Yard, Front Yard, Garden, Level, Rectangular Lot, Agricultural, Horse Property, Lot Over 40000 Sqft, Secluded

Additional Information

  • Date ListedFebruary 15th, 2026
  • Days on Market45
  • Short SaleN
  • RE / Bank OwnedN

Community Information

  • Address1239 Rainbow Valley Boulevard
  • Area92028 - Fallbrook
  • SubdivisionFallbrook
  • CityFallbrook
  • CountySan Diego
  • Zip Code92028

Interior

  • InteriorTile, Wood
  • Interior FeaturesBreakfast Area, Separate/Formal Dining Room, High Ceilings, Two Story Ceilings, Bedroom on Main Level, Main Level Primary, Galley Kitchen
  • AppliancesGas Range, Refrigerator, Tankless Water Heater, Dryer, Washer, Gas Oven, Propane Oven
  • HeatingElectric, Fireplace(s), Zoned, Wood
  • CoolingCentral Air, Electric, Zoned
  • FireplaceYes
  • FireplacesLiving Room, Wood Burning
  • # of Stories2
  • StoriesTwo

Price Change History for 1239 Rainbow Valley Boulevard, Fallbrook, (MLS® #OC26034413)

Date Details Price Change
Active Under Contract (from Active)

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Fallbrook

  • City:
    Fallbrook
  • Price Range:
    $335,000 - $4,200,000
  • Current Listings:
    126
  • HOA Dues:
    $160
  • Average Price per Square Foot:
    $457

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Based on information from California Regional Multiple Listing Service, Inc. as of April 1st, 2026 at 3:37pm PDT. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.