Sold
Last Sold Price
3 beds2,515 sqft$423/sqft
5534 Rainbow Heights Rd, Fallbrook, CA 92028
Single FamilyProperty Type
2.58 acresLot Size
1978Year Built
$423/sq ftPrice per sq ft
2 carsParking Spaces

Description

Welcome to your dream home, a paradise that feels like a perpetual vacation! This enchanting compound is connected by charming pathways, bridges, and breezeways, all nestled amidst quaint gardens and romantic seating areas with lush, mature landscaping and pontoon lighting. Enjoy outstanding, unobstructed forever views that showcase stunning sunsets and even a glimpse of the ocean on a clear day. Experience tranquility and privacy, while being a mere 5-minutes from the 1-15 Freeway, and approximately...Welcome to your dream home, a paradise that feels like a perpetual vacation! This enchanting compound is connected by charming pathways, bridges, and breezeways, all nestled amidst quaint gardens and romantic seating areas with lush, mature landscaping and pontoon lighting. Enjoy outstanding, unobstructed forever views that showcase stunning sunsets and even a glimpse of the ocean on a clear day. Experience tranquility and privacy, while being a mere 5-minutes from the 1-15 Freeway, and approximately 15-minutes to Old Town Temecula or Downtown Fallbrook. The 2-bedroom, 2-bathroom main house exudes rustic charm with beamed ceilings, wood flooring, and a brick wood-burning fireplace. Updated throughout with fresh paint, newly installed 4-inch baseboards, solid wood interior doors, and sliding barn doors. The roomy eat-in kitchen boasts vaulted ceilings, custom cabinetry, an oversized Cherry woodblock island, quartz countertops, and stainless-steel appliances. Six skylights throughout make the home bright and airy with views from nearly every window. Step out the Dutch door to a covered path leading to a separate office or studio, and just steps away is an updated laundry room. A beautiful fenced and hedged terraced garden with rock walls, tile inlays, raised garden beds, and a chicken coop separates the main house from a detached 815 SF, 1-bedroom, 1-bathroom casita with a full-sized kitchen and bathroom. Above the casita is a 250 SF bonus room offering endless possibilities for a man cave, game room, and more. Two garage spaces and a large storage room or workshop provide ample space for parking and equipment. Enjoy the breathtaking views from multiple vantage points throughout the property, including the multi-level Trex deck, courtyard, gazebo, and two expansive decks off the main house. Numerous updates include a newer roof, new electric panel, tankless water heaters, updated deck railing, and more! This life-sized magical woodland is situated on a private road atop 2.56 acres with fruit trees including macadamia nut, apple, plum, lime, lemon, orange, apricot, kumquat, avocado, pomegranate, and blackberries.

Listing Agents

  1. Rebecca Monge

    Rebecca Monge

    Listing Agent

    Professional Realty Services

    DRE #01961244

    P: (760) 912-4731

  2. Alysha Tanksley

    Alysha Tanksley

    Alternative Listing Agent

    Professional Realty Services

    DRE #01906333

    P: (760) 520-3159

Listing closed: 08/30/2024 12:00 AM • Source: CRMLS, MLS#: NDP2405860

Recent comparable sales

Median sold price

$1,100,000

Avg days on market

96

Sale-to-list ratio

95.2%

Fallbrook, CA

9 comparable properties found

$1,060,000 | 1810 Via Ladera, Fallbrook, CA 92028
1

$1,060,000

Sold 04/24/26

3
Bedrooms
2,400
Square Feet
2.59
Acres
an aerial view of house with yard
2

$1,018,000

Sold 09/12/25

3
Bedrooms
2,165
Square Feet
6.51
Acres
$1,200,000 | 1991 Via Ladera, Fallbrook, CA 92028
3

$1,200,000

Sold 08/28/26

3
Bedrooms
2,498
Square Feet
17.86
Acres
$975,000 | 6500 Rainbow Heights Road, Fallbrook, CA 92028
4

$975,000

Sold 09/27/24

3
Bedrooms
2,748
Square Feet
2.55
Acres
an aerial view of a house with garden space and trees all around
1/45
5

$1,137,000

Sold 07/14/25

3
Bedrooms
2,820
Square Feet
6.46
Acres
$1,250,000 | 6490 Rainbow Heights Road, Fallbrook, CA 92028
6

$1,250,000

Sold 02/06/26

3
Bedrooms
2,900
Square Feet
4.26
Acres
$1,133,000 | 944 Rainbow Crest Road, Fallbrook, CA 92028
7

$1,133,000

Sold 09/18/25

3
Bedrooms
2,120
Square Feet
2.93
Acres
a view of a house with a yard
8

$1,100,000

Sold 04/06/26

3
Bedrooms
2,400
Square Feet
18.91
Acres
a view of a swimming pool with a patio
9

$1,091,000

Sold 10/14/25

3
Bedrooms
2,594
Square Feet
1.32
Acres

Location

Listing Courtesy of Professional Realty Services, Rebecca Monge, DRE #01961244; Professional Realty Services, Alysha Tanksley, DRE #01906333

Sold By Realty ONE Group Pacific, Jennifer Adam, DRE #02237157

Add your commute

Virtual Tour

Payment Calculator

$6,337 per month

30 year fixed, 6.55% Interest

Principal and Interest

$5,413

Property Taxes

$924

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

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Property Information for 5534 Rainbow Heights Road

Property Details
  • MLS Type: Residential / Single Family Residence
  • View: Hills, Ocean, Panoramic, See Remarks, Valley
  • Parking Spaces Total: 2
  • Private Pool: No
  • Cooling Type: Central Air
  • Building Type: Detached
  • Lot Size Source: Assessor
  • Living Area: 2515
  • Assessor Parcel Number: 102-630-67-00
  • Property Attached YN: false
  • Common Walls: No Common Walls
  • Stories Total: 1
  • Entry Level: 1
  • Fireplace: Yes
  • Pool: No
  • Spa: No
  • View: Yes
  • View: Yes
  • Association: No
  • Association Fee: $.00
  • Zoning: Agricultural
  • Senior Community: No
  • Neighborhood: Rainbow
  • Parcel Number: 1026306700
  • Area: 92028 - Fallbrook
  • Elementary School: Fallbrook Union Elementary Distr
  • Middle School: Fallbrook Union Elementary Distr
  • High School: Fallbrook Union High School Dist
  • High School District: Fallbrook Union
  • Directions: Turn East from Rice Canyon Rd onto Rainbow Heights Rd, turn left on Select Way and follow the right hand curve (stay on the paved road) until you get to the driveway on the right hand side. As you are driving up Rainbow Heights you will see a mailbox that says 5509 and thank you will see a bank of mailboxes and that is where you will turn left and go up.
Building Information
  • Stories: 1
  • Year Built: 1978
  • Lot Size: 2.58 AC / 112,384 SF
Income / Expense / Tax Details
Income Details
  • Financing: Conventional
Tax / Assessment Info
  • Tax Tract Number: 04051
  • CFD/Mello-Roos Fee: $0
Community / Development
Community / Development
  • Assessments YN: No
  • Assessments: None, Unknown
  • Community Features: Foothills, Rural, Hiking
  • Number Of Units In Community: 1
Property / Structure Info
Interior Features
  • Appliances: Dishwasher, Gas Cooktop, Refrigerator, Tankless Water Heater
  • Equipment: Dishwasher, Refrigerator, Gas Stove
  • Room Type: Bonus Room, Kitchen, Laundry, Living Room, Main Floor Bedroom, Main Floor Primary Bedroom, Primary Bathroom, Primary Bedroom, Primary Suite, Office, See Remarks
  • Bedroom Features: Main Floor Bedroom
  • Water Heater Features: Tankless
  • Water Heater Type: Tankless
  • Laundry: Yes
  • Laundry Features: Individual Room, See Remarks
  • Fireplace Features: Living Room, Wood Burning
  • Fireplace Rooms: Living Room
  • Fireplace: FP in Living Room
  • Cooling: Central Air
Exterior Features
  • Entry Location: Front Door
  • Fence: No
  • Structures: Foothills, Rural
  • Other Structures: Foothills, Rural
  • Miscellaneous: Foothills, Rural
  • View Description: Hills, Ocean, Panoramic, Valley
  • Pool Features: None
  • Pool Description: None
  • Pool: N/K
  • Pool Heat: N/K
Land/Lot Info
  • Lot Features: 2-5 Units/Acre
  • Lease Considered: No
  • Number Of Units: 1
  • Available For Lease: No
  • Land Lease: No
  • Land Lease Type: Fee
  • Sprinklers: No
  • Levels: One
Parking Info
  • Garage Spaces: 2
  • Parking: No
  • Parking Garage Spaces: 2
  • Carport Spaces: 0
  • Attached Garage: No
Property / Structure Info
  • Residential Styles: Detached
  • Residential Unit Location: No Common Walls

Property History for 5534 Rainbow Heights Road

DateEvent & SourcePriceAppreciation
Aug 30, 2024

Sold

SDMLS #NDP2405860

$1,065,000
Aug 30, 2024

Sold

CLAW #NDP2405860MR

$1,065,000
Aug 30, 2024

Sold

CRMLS #NDP2405860

$1,065,000
DateEvent & SourcePrice
08/30/2024

Sold

SDMLS #NDP2405860

$1,065,000
08/30/2024

Sold

CLAW #NDP2405860MR

$1,065,000
08/30/2024

Sold

CRMLS #NDP2405860

$1,065,000

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

Public Records for 5534 Rainbow Heights Road

Taxable ValueLand$693,600Additions$392,700Total$1,086,300
Tax Record2025$11,086 ($924 / month)
Home Facts
Beds3Baths3Total Finished SqFt1,556 SqFtAbove Grade Finished SqFt1,556 SqFtLot Size112,385 SqFtStyleSingle Family ResidenceYear Built1978Year Renovated1978ZoningA70CountySAN DIEGOAPN102-630-67-00

Schools near 5534 Rainbow Heights Road

This home is within Vallecitos Elementary School District.
Rating
School
Type
Grades
Distance
Public - K to 8
Public - 9 to 12
Public - 9 to 12
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 Professional Realty Services, Rebecca Monge, DRE #01961244; Professional Realty Services, Alysha Tanksley, DRE #01906333

This information is deemed reliable but not guaranteed. You should rely on this information only to decide whether or not to further investigate a particular property. BEFORE MAKING ANY OTHER DECISION, YOU SHOULD PERSONALLY INVESTIGATE THE FACTS (e.g. square footage and lot size) with the assistance of an appropriate professional. You may use this information only to identify properties you may be interested in investigating further. All uses except for personal, non-commercial use in accordance with the foregoing purpose are prohibited. Redistribution or copying of this information, any photographs or video tours is strictly prohibited. This information is derived from the Internet Data Exchange (IDX) service provided by SDMLS®. Displayed property listings may be held by a brokerage firm other than the broker and/or agent responsible for this display. The information and any photographs and video tours and the compilation from which they are derived is protected by copyright. Compilation © 2026 SDMLS®, Inc.