10721 Rainbow Heights Rd

Fallbrook, CA 92028

$1,500,000
Last Sold Price
2
Beds
2
Baths
2,812 Sq. Ft.
$533 / Sq. Ft.
2,812
Sq. Ft.
$533
per Sq. Ft.
Get preapproved with Rocket Mortgage1
Closed 1/31/22
Closed 1/31/22
a front view of a house with a yard

Description

Wow! Here is one of the rarest opportunity to own 40 acres in beautiful Rainbow-Fallbrook, California. This mature property is complimented with water and power. This gorgeous community offers spectacular views and privacy while allowing yo to take advantage of 40 usable acres. There are many possibilities with the 40 acres. Horses, grapes (winery), fruit trees, nuts, beans (maybe coffee), pool, more structures, new builds, dirt bike track, camping, the list goes on; let your imagination go to work...Wow! Here is one of the rarest opportunity to own 40 acres in beautiful Rainbow-Fallbrook, California. This mature property is complimented with water and power. This gorgeous community offers spectacular views and privacy while allowing yo to take advantage of 40 usable acres. There are many possibilities with the 40 acres. Horses, grapes (winery), fruit trees, nuts, beans (maybe coffee), pool, more structures, new builds, dirt bike track, camping, the list goes on; let your imagination go to work with this 40 acres. As you enter this exclusive and very private oasis, you will find two amazing homes, 4 car garage, and a barn/storage with a bonus room above the barn. The main house features one massive bedroom which may be created into two rooms. The bedroom (octagon shape) features wood floor, multiple windows to offer natural lighting during the day and gorgeous evening views. This custom home shows off stunning open beam ceiling, stand alone burning stove. open floor plan with the kitchen opening into the entertainment area. Again, the oversized entertainment area boasts of multiple windows and sliding doors to allow for natural lighting during the day and moon lighting in the evening; truly amazing. The main house has its own separate wash/dryer area; bathroom features shower, tankless water-heater. The second home on this property is of great value; may be used for income, guest quarters, wine tasting room, office, or living space for extended family. The home is very spacious with an floor plan featuring multiple windows for natural lighting during the day and evening, tankless water heater, central AC forced heat. This guest house boast of a large living area with a lovely fireplace for the cooler winter days. There is more; an oversize 4 car garage' with custom electronic openers. This garage is able to store your custom cars and boats. There is also a BARN with overhead space. This custom barn may be used for your horses, animals, work space or car and boat storage as well. Lastly, the 40 acres. These acres are very usable, flat, and serene. The opportunities are endless.
  1. Listed by Dominick Archuleta • DRE #01308760 • Brokerage DRE #01308760 • Archuleta Realty

Property Details for 10721 Rainbow Heights Road

Architectural Style
Custom Built
View
Canyon, Rocks
Parking Spaces Total
4
Private Pool
No
Cooling Type
Central Air
Total Units
2.0
Building Type
Detached
Lot Size Source
Assessor
LISTING CLOSED: 01/31/2022 12:00 AM

Property Details for 10721 Rainbow Heights Road

StatusClosed
MLS #PW21234676
Days on Market68
Taxes-
HOA Fees-
Condo/Co-op Fees-
Property TypeMulti Family
MLS TypeResidential Income
Year Built1977
Lot Size40.00 AC / 1,742,400 SF
CountySan Diego County
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Location

Listing Courtesy of Archuleta Realty, Dominick Archuleta, DRE #01308760

Sold By Compass, Joseph McShane, DRE #01999504

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Building Information for 10721 Rainbow Heights Road

Stories-Residences-Year Built1977Building Size-Lot Size40.00 AC / 1,742,400 SF

Payment Calculator

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$8,962 per month

30 year fixed, 6.36% Interest

Principal and Interest

$7,475

Property Taxes

$1,487

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

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Property Information for 10721 Rainbow Heights Road

Income / Expense / Tax Details
Income Details
  • Gross Income: $0
  • Gross Scheduled Income: $0
  • Net Operating Income: $0
  • Financing: Cash
Expense Details
  • Operating Expense: $0
  • Insurance Expense: $0
  • Trash Expense: $0
  • Water Sewer Expense: $0
  • Total Expenses: $0
Tax / Assessment Info
  • Tax Tract Number: 01
  • Tax Census Tract: 191.01
  • CFD/Mello-Roos Fee: $1,304
  • Tax Lot: 191
Community / Development
Community / Development
  • Community Features: Rural
  • Community: FALLBROOK
Property / Structure Info
Interior Features
  • Interior Features: Beamed Ceilings, Formica Counters, Open Floorplan
  • Room Type: All Bedrooms Down, Kitchen, Laundry, Living Room, Walk-In Closet, Workshop
  • Bedroom Features: All Bedrooms Down, WalkInCloset
  • Laundry: Yes
  • Laundry Features: Gas Dryer Hookup, Washer Hookup
  • Fireplace Features: Living Room
  • Fireplace Rooms: Living Room
  • Cooling: Central Air
  • Heating Type: Wall Furnace
  • Heating: Wall Furnace
  • Flooring Type: Laminate, Wood
  • Flooring: Laminate, Wood
Exterior Features
  • Door Features: Double Door Entry, Sliding Doors
  • Security Features: Carbon Monoxide Detector(s), Smoke Detector(s)
  • Construction Materials: Wood Siding
  • Exterior: Wood
  • Fence: Yes
  • Fence: Barbed Wire
  • Fencing: Barbed Wire, Good Condition
  • Foundation Details: Slab
  • Foundation Details: Slab
  • Other Structures: Barn(s), Guest House Detached, Two On A Lot
  • Property Condition: Turnkey
  • Miscellaneous: Horse Allowed, Horse Facilities
  • View Description: Canyon, Rocks
  • Pool Features: None
  • Pool Description: None
  • Pool: N/K
  • Spa Features: None
Land/Lot Info
  • Lot Features: 36-40 Units/Acre, Agricultural - Other, Agricultural - Tree/Orchard, Agricultural - Vine/Vineyard, Horse Property, Level
  • Number Of Units: 2
  • Land Lease: No
  • Land Lease Type: Fee
  • Sewer: Septic Type Unknown
  • Utilities: Cable Available, Electricity Connected, Natural Gas Connected, Phone Connected, Sewer Connected, Water Connected
  • Water Source: Public
Parking Info
  • Garage Spaces: 4
  • Parking: Yes
  • Parking Garage: Door Opener, Garage
  • Parking Garage Spaces: 4
  • Carport Spaces: 0
  • Parking Features: Gravel, Unpaved, Garage, Garage Door Opener
Property / Structure Info
  • Builders Tract Name: Fallbrook
  • Builders Tract Code: Fallbrook
Unit Information
Unit 1
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 4
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $0
  • Unit Type Total Rent: $0
  • Unit Type Pro Forma: 4000
  • Unit Type Type: 1
Unit 2
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Actual Rent: $0
  • Unit Type Total Rent: $0
  • Unit Type Pro Forma: 1800
  • Unit Type Type: 2
Unit Information
  • Rent Controlled: No
  • Number Of Buildings: 2
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 1
  • Number With Dishwasher: 2

Property History for 10721 Rainbow Heights Road

DateEvent & SourcePriceAppreciation
Jan 31, 2022

Sold

CRMLS #PW21234676

$1,500,000—
Jan 31, 2022

Sold

SDMLS #PW21234676

$1,500,000—
Jan 31, 2022

Sold

CLAW #PW21234676MR

$1,500,000—
DateEvent & SourcePrice
01/31/2022

Sold

CRMLS #PW21234676

$1,500,000
01/31/2022

Sold

SDMLS #PW21234676

$1,500,000
01/31/2022

Sold

CLAW #PW21234676MR

$1,500,000

For completeness, we often displays two records for one sale: the MLS record and the public record.

Public Records for 10721 Rainbow Heights Road

Taxable ValueLand$848,966Additions$742,845Total$1,591,811
Tax Record2025$17,848 ($1,487 / month)
Home Facts
Beds3Total Finished SqFt2,812 SqFtAbove Grade Finished SqFt2,812 SqFtLot Size1,742,400 SqFtStyleSingle Family ResidenceYear Built1977ZoningAGRICULTURALCountySAN DIEGOAPN109-300-02-00

Schools near 10721 Rainbow Heights Road

This home is within Vallecitos Elementary School District.
Rating
School
Type
Grades
Distance
Vallecitos Elementary School
Public - K to 8
Fallbrook High School
Public - 9 to 12
Ivy High (Continuation) School
Public - 9 to 12
Oasis High (Alternative) School
Public - 9 to 12
Rating
School
Distance
Vallecitos Elementary School
PublicK to 8

Fallbrook High School
Public9 to 12

Ivy High (Continuation) School
Public9 to 12

Oasis High (Alternative) School
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of any information, descriptions or measurements (including square footage measurements and property condition), such should be independently verified through appropriate means, including, but not limited to, in person inspection and public records, and Compass International Holdings, its subsidiaries, affiliates and independently owned and operated franchisees, and their affiliated agents and associated third parties expressly disclaim any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the seller's discretion. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Archuleta Realty, Dominick Archuleta, DRE #01308760

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