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$749,000
 $4,021 est/mo Sourced by Back At You

5521 Rainbow Heights Road,Fallbrook, CA 92028

Fallbrook, CA 92028

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Description

Nearly two acres of elevated Fallbrook Heights land with no HOA, no restrictions on yourvision, and a turnkey 2015-built cottage ready the day you close -- that is the opportunityat 5521 Rainbow Heights Rd. The 1.95-acre parcel sits in the Rainbow Heights corridor ofFallbrook, California's legendary avocado and citrus country, where acreage with thiscombination of usable land, modern construction, and zero HOA constraints is genuinely rare. The 888 sq ft single-family residence, built in 2015 and in nearly new condition, provides a clean, livable anchor while you plan what comes next -- whether that is anADU, an orchard, a hobby farm, outbuildings, or simply the privacy and elbow room that anear-two-acre elevated parcel delivers. The lot scale, the Fallbrook Heights topography,and the absence of HOA oversight are the story here; the move-in-ready cottage is thebonus. Gross rent estimate of approximately $3,716/month supports an investor or househack angle for a cash or portfolio-lender buyer. Cash buyers and land-savvybuyers with portfolio financing are best positioned. Verify all details independently.

Details

MLS #V1-39305
Listing TypeFor Sale
StyleHouse
Sub-TypeResale
StatusActive
Year2015
Days On Site26
Listing Provided ByMy Realty Company, Inc. | Omar Ortiz

Features

Bed(s)1
Bath(s) 1 Total
SQ Feet888
Story(s)1
Acreage1.95
Property ViewYes

Interior

CoolingCentral Air
HeatingPropane
Heating Yes / NoYes
Cooling Yes / NoYes
Interior FeaturesCeiling Fans, Crown Molding, Separate Formal Dining Room, Living Room Deck Attached, Open Floorplan, Bedroom On Main Level, Walk In Closets
Window FeaturesBlinds, Drapes
AppliancesDishwasher, Electric Range, Gas Range, Microwave, Refrigerator, Tankless Water Heater
Fireplace Yes / NoNo

Exterior

Security FeaturesCarbon Monoxide Detectors, Smoke Detectors
Foundation DetailsPillar Post Pier
FencingNone

Parking

Parking FeaturesAsphalt, Driveway
Garage Yes / NoNo

Utilities

SewerSeptic Tank

Location

Community FeaturesMountainous

Area Information

StateCA
CountySan Diego
CityFallbrook
Zip Code92028
Area92028 Fallbrook
Listing VS Median (in 92028)
Price:
$749,000
low | high
Med:
$877,000
32.910547396529% of Average
sqft:
888
low | high
Med:
1,836
56.756756756757% of Average
$ / sqft:
$843
low | high
Med:
$494
91.453899700268% of Average
On site:
26
low | high
Med:
62.5
41.6% of Average
Sourced by Back At You

Market Activity 92028

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Additional Information

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Learn More About This Property

Roy Rigsby

Roy Rigsby

Desert Lifestyle Properties

01399810 (760) 409-5117roy@desertrealestate4you.com
StateCA
CountySan Diego
CityFallbrook
Zip Code92028
Area92028 Fallbrook
Listing VS Median (in 92028)
Price:
$749,000
low | high
Med:
$877,000
32.910547396529% of Average
sqft:
888
low | high
Med:
1,836
56.756756756757% of Average
$ / sqft:
$843
low | high
Med:
$494
91.453899700268% of Average
On site:
26
low | high
Med:
62.5
41.6% of Average
Sourced by Back At You
Listing Updated: October 15, 2026 at 1:31:16 PM PDT