Residential Land for Sale in Fallbrook, California
5540 Rainbow Heights Rd, Fallbrook, CA 92028
Stunning 2.33-Acre Lot with Panoramic Views - Ready to Build! Nestled among custom homes on a paved road, this exceptional 2.33-acre parcel offers the perfect setting for your dream home. Enjoy breathtaking pastoral views, and on a clear day, catch a glimpse of the Pacific Ocean shimmering in the distance. The location strikes the perfect balance between peaceful rural living and convenient access to key destinations: o I-15 On-ramp - just 3 miles away o Temecula & Award-Winning Wineries - 5 miles o Premier Resorts & Local Gaming - 7 miles o Escondido - 24 miles o San Diego - 53 miles. The owner has invested thousands in completing a PercTest, site plans and Engineer Report for placing a 3 bedroom Manufactured home on the property (reports available for review). The property is well-equipped for development, featuring an installed water meter, electricity approximately 100 feet away, and a fire hydrant within 1,000 feet for added safety. Don't miss this incredible opportunity to build in a prime location with stunning views. Call today for more details!
Location
- Street address
- 5540 Rainbow Heights Rd
- County
- San Diego County
- Elevation
- 1,257 feet
Directions
Fr 8th St, R on Select Way
Property details
- Acreage
- 2.33 acres
- Zoning
- A70
- MLS #
- MRMLS SW25043279
- Posted
Parcels
- 1026306400
Details and features
Listing
- Type
- Land
Lot
- View
- Mountain
Exterior
- Features
- Curbs Community Features Included
Listing history
| Date | Event | Price | Change | Source |
|---|---|---|---|---|
| Nov 20, 2025 | Price drop | $249,999 | $14,991 -5.7% | MRMLS |
| Nov 8, 2025 | Price drop | $264,990 | $9 0% | MRMLS |
| Sept 19, 2025 | Price drop | $264,999 | $9,901 -3.6% | MRMLS |
| Sept 13, 2025 | Price drop | $274,900 | $90 -0.03% | MRMLS |
| Aug 14, 2025 | Price drop | $274,990 | $9 0% | MRMLS |
| July 22, 2025 | Price drop | $274,999 | $24,001 -8% | MRMLS |
| May 24, 2025 | Price drop | $299,000 | $900 -0.3% | MRMLS |
| May 13, 2025 | Price drop | $299,900 | $90 -0.03% | MRMLS |
| May 1, 2025 | Price drop | $299,990 | $9 0% | MRMLS |
| Mar 7, 2025 | Price increase | $299,999 | $25,000 9.1% | MRMLS |
| Mar 7, 2025 | New listing | $274,999 | — | MRMLS |