Land with Home for Sale in Fallbrook, California
5505 Rainbow Heights Rd, Fallbrook, CA 92028
INVESTOR'S DREAM on over 1.5 acres in highly sought-after Rainbow! Available for the first time ever, this 3 bedroom/2 bathroom home sits tucked away on a rare, expansive lot with beautiful mountain views! The detached barn offers generous storage for vehicles or equipment, with a huge upstairs space that presents ADU potential for passive income. Set in the quiet, rural charm of Rainbow, this lot offers plenty of flat land, leaving room for RV parking, animals, storage, or whatever the vision calls for! Located in the Fallbrook Union School District for High School (and Vallecitos School district for Elementary) and just a few miles off the 15 freeway, the property balances privacy with easy access. Opportunities like this rarely come to market.
Location
- Street address
- 5505 Rainbow Heights Rd
- County
- San Diego County
- Zip code
- 92028
- Community
- Fallbrook
- School district
- Fallbrook Union
- Elevation
- 1,114 feet
Directions
Heading north on Old HWY 395, turn right onto Rainbow Valley Blvd, continue onto 8th Street, turn right onto Rice Canyon Rd, then turn left onto Rainbow Heights Rd, property is on the righthand side.
Property details
- Acreage
- 1.53 acres66,647 sq ft
- Zoning
- SR-4
- MLS #
- MRMLS NDP2607141
- Posted
Parcels
- 1026306900
Details and features
Listing
- Type
- Residential
- Subtype
- Single Family Residence
Lot
- Features
- Agricultural
Exterior
- Parking Spaces
- 2
Interior
- Rooms
- Bathroom x 2, Bedroom x 3, Kitchen, Laundry Room
- Flooring
- Carpet, Laminate
- Fireplaces
- Yes
- Appliances
- Electric Range, Refrigerator
Nearby schools
| Name | Type | District |
|---|---|---|
| Vallecitos | Elementary | Fallbrook Union |
Listing history
| Date | Event | Price | Change | Source |
|---|---|---|---|---|
| July 30, 2026 | New listing | $650,000 | — | MRMLS |