45534 Olympic WayTemecula, CA 92592

Single Family · 4 Beds · 2 Full Baths · 1 Three Quarter Bath · 2,068 Sq. ft. | 0.17 Acres
$749,900 Active

45534 Olympic Way Overview

Time on Site:
61 days
Visits:
0

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!

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45534 Olympic Way Facts & Features

  • Type Single Family
  • Sq. ft. 2,068
  • Price/Sq.ft. $363
  • Lot 0.17 Acres

Details

General

Association/HOA

  • Association Amenities: Call for Rules,Pets Allowed
  • Association Fee: 72.0
  • Association Fee Frequency: Monthly
  • Association Name: Rainbow Villages
  • Association: Yes
  • Common Interest: Planned Development

School Information

  • School District: Temecula Unified
  • High School: Great Oak

Listing Information

  • Contingency: None

Building Information

  • New Construction: No
  • Year Built: 1986

Location/Region

  • Country: US
  • County Or Parish: Riverside
  • MLS Area Major: SRCAR - Southwest Riverside County
  • Postal City: TEMECULA

Community/Development

  • Community Features: Gutter(s),Storm Drain(s),Street Lights,Suburban,Sidewalks

Rent/Lease Information

  • Land Lease: No
  • Lease Considered: No

General Information

  • Disclosures: Covenants/Restrictions Disclosure,Easement(s),HOA Disclosure
  • Listing Terms: Cash,Cash to New Loan,Conventional,FHA,Submit,VA Loan
  • Parcel Number: 922283005
  • Property Condition: Repairs Cosmetic
  • Property Sub Type: Single Family Residence
  • Property Type: Residential
  • Senior Community: No
  • Special Listing Conditions: Standard

Interior

Parking Information

  • Garage Spaces: 2.0
  • Garage: Yes

Beds/Baths

  • Bathrooms Full: 2
  • Bathrooms Three Quarter: 1
  • Bathrooms Total: 3
  • Bedrooms Total: 4

General Information

  • Accessibility Features: Low Pile Carpet
  • Appliances: Dishwasher,Gas Cooktop,Gas Oven,Microwave,Water Softener,Water To Refrigerator,Water Heater,Water Purifier
  • Common Walls: No Common Walls
  • Door Features: French Doors,Sliding Doors
  • Electric: Standard
  • Entry Level: 1
  • Entry Location: 1
  • Fireplace Features: Living Room
  • Fireplace: Yes
  • Flooring: Carpet,Laminate,Tile
  • Foundation Details: Slab
  • Interior Features: Breakfast Bar,Balcony,Granite Counters,High Ceilings,Recessed Lighting,Tile Counters,Bedroom on Main Level,Loft,Primary Suite,Utility Room
  • Laundry Features: Washer Hookup,Gas Dryer Hookup,Inside,Laundry Room
  • Levels: Two
  • Living Area: 2068.0
  • Living Area Source: Assessor
  • Living Area Units: Square Feet
  • Main Level Bathrooms: 1
  • Main Level Bedrooms: 1
  • Security Features: Carbon Monoxide Detector(s),Smoke Detector(s)
  • Spa Features: Heated,In Ground,Private
  • Spa: Yes
  • Stories: 2
  • Stories Total: 2
  • Window Features: Double Pane Windows,Skylight(s)

Exterior

Parking Information

  • Parking Features: Concrete,Direct Access,Driveway,Garage Faces Front,Garage
  • Parking Total: 2.0

Lot Information

  • Additional Parcels: No
  • Lot Features: 0-1 Unit/Acre,Back Yard,Rectangular Lot,Street Level,Yard
  • Lot Size Acres: 0.17
  • Lot Size Area: 7405.0
  • Lot Size Source: Assessor
  • Lot Size Square Feet: 7405.0
  • Lot Size Units: Square Feet
  • Road Surface Type: Paved
  • Elevation Units: Feet
  • Water Source: Public

Waterfront/View

    Building Exterior/Construction

    • Attached Garage: Yes
    • Construction Materials: Stucco
    • Direction Faces: West
    • Patio And Porch Features: Deck,Front Porch,Open,Patio
    • Property Attached: No
    • Roof: Tile
    • Structure Type: House

    General Information

    • Fencing: Average Condition,Needs Repair,Wood,Wrought Iron
    • Number Of Units Total: 1
    • Pool Features: Gas Heat,In Ground,Private
    • Pool Private: Yes
    • Road Frontage Type: City Street
    • Sewer: Public Sewer
    • Utilities: Cable Available,Electricity Connected,Natural Gas Connected,Sewer Connected,Water Connected

    45534 Olympic Way Neighborhood

    Community

    92592 (Temecula) Demographics

    36
    Median Age
    874
    Population Density (per sq. mile)
    48%
    College Educated
    $108,412
    Estimated Median Income
    18,675
    Estimated Total Home Owners
    6,287
    Estimated Total Renters
    75% / 25%
    Estimated Owner / Renter Divide
    3
    Estimated Average Household Size
    Community data courtesy of LiveBy, Inc.

    Schools

    School data courtesy of LiveBy, Inc. School ratings are based on a scale of 1-5, with 5 being the highest rating and 1 being the lowest rating.

    45534 Olympic Way Monthly Cost

    $
    $ %
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    $
    $
    * All calculations are estimates and provided by Reliance Network, for informational purposes only. Actual amounts may vary. ** Assumes 6.50% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information. Any mortgage broker or insurance agent that may appear is independent and is not affiliated with, endorsed by, or provided by the MLS.

    45534 Olympic Way Market Data

    Based on the last 30 days in this zip code

    $1,087,886
    Average List Price
    $405
    Average Price per Square Foot
    67
    Properties Sold
    62
    Average Days on Market
    587
    Properties for Sale
    Calculations provided by Reliance Network

    45534 Olympic Way History

    Date Event Value Agent
    6/1/2026Source: CRMLS Price Reduction
    $749,900 -2.0%
    5/7/2026Source: CRMLS Status Change
    Active
    4/29/2026Source: CRMLS Added to Database
    April 29, 2026
    12/22/2022Source: CRMLS Added to Database
    December 22, 2022
    10/11/2022Source: CRMLS Added to Database
    October 11, 2022
    Listing provided courtesy of AARESherry Powers- MLS# SW26092142MLS ProviderContact Information: [email protected] - 858-342-9292