5540 Rainbow Heights Rd

$249,999
Price
101,495 / 2.33
Lot Size / Acres

Description

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: • I-15 On-ramp – just 3 miles away • Temecula & Award-Winning Wineries – 5 miles...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: • I-15 On-ramp – just 3 miles away • Temecula & Award-Winning Wineries – 5 miles • Premier Resorts & Local Gaming – 7 miles • Escondido – 24 miles • 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!

Property Details for 5540 Rainbow Heights Road

View
Mountain(s), Neighborhood
Lot Size Source
Assessor
Assessor Parcel Number
102-630-64-00
New Construction
No
Pool
No
View
Yes
View
Yes
Association
No
LISTING UPDATED: 11/20/2025 02:39 AM

Property Details for 5540 Rainbow Heights Road

StatusActive
MLS #SW25043279
Days on Market292
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeLand
MLS TypeLot/Land
Year Built-
Lot Size2.33 AC
CountySan Diego County

Location

Listing Courtesy of eXp Realty of California, Inc., Blake Cory, DRE #01781649; eXp Realty of California, Inc., Bridget Sisco, DRE #01866045
Add your commute

Building Information for 5540 Rainbow Heights Road

Lot Size2.33 AC

Payment Calculator

$1,451 per month

30 year fixed, 6.28% Interest

Principal and Interest

$1,235

Property Taxes

$216

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 5540 Rainbow Heights Road

Income / Expense / Tax Details
Tax / Assessment Info
  • Tax Tract Number: 4051
  • Tax Census Tract: 190.02
  • CFD/Mello-Roos Fee: $80
Community / Development
Community / Development
  • Community Features: Curbs
Property / Structure Info
Distance To
  • Distance To Water: 0
Land/Lot Info
  • Lot Features: Lot 10000-19999 Sqft
  • Land Lease: No
  • Land Lease Type: Fee
  • Water: Public
  • Utilities: Water Connected
  • Electric: Water Connected
  • Water Source: Public
Parking Info
  • Carport Spaces: 0
Property / Structure Info
  • Residential Styles: Lots/Land

Property History for 5540 Rainbow Heights Road

DateEvent & SourcePriceAppreciation
Nov 20, 2025

Price Change

CLAW #SW25043279MR

$249,999
Nov 20, 2025

Price Change

CRMLS #SW25043279

$249,999
Nov 19, 2025

Price Change

SDMLS #SW25043279

$249,999
Nov 7, 2025

Price Change

CLAW #SW25043279MR

$264,990
Nov 7, 2025

Price Change

CRMLS #SW25043279

$264,990
Nov 6, 2025

Price Change

SDMLS #SW25043279

$264,990
Sep 18, 2025

Price Change

CLAW #SW25043279MR

$264,999
Sep 18, 2025

Price Change

CRMLS #SW25043279

$264,999
Sep 17, 2025

Price Change

SDMLS #SW25043279

$264,999
Sep 12, 2025

Price Change

CLAW #SW25043279MR

$274,900
Sep 12, 2025

Price Change

CRMLS #SW25043279

$274,900
Sep 11, 2025

Price Change

SDMLS #SW25043279

$274,900
Aug 14, 2025

Price Change

CLAW #SW25043279MR

$274,990
Aug 14, 2025

Price Change

CRMLS #SW25043279

$274,990
Aug 14, 2025

Price Change

SDMLS #SW25043279

$274,990
Jul 21, 2025

Price Change

CLAW #SW25043279MR

$274,999
Jul 21, 2025

Price Change

CRMLS #SW25043279

$274,999
May 24, 2025

Price Change

CLAW #SW25043279MR

$299,000
May 24, 2025

Price Change

CRMLS #SW25043279

$299,000
May 13, 2025

Price Change

CLAW #SW25043279MR

$299,900
May 13, 2025

Price Change

CRMLS #SW25043279

$299,900
May 1, 2025

Price Change

CLAW #SW25043279MR

$299,990
May 1, 2025

Price Change

CRMLS #SW25043279

$299,990
Mar 7, 2025

Price Change

CLAW #SW25043279MR

$299,999
Mar 7, 2025

Price Change

CRMLS #SW25043279

$299,999
Mar 7, 2025

Listed (Active)

CRMLS #SW25043279

$274,999
Mar 7, 2025

Listed (Active)

CLAW #SW25043279MR

$274,999
Feb 19, 2025

Listed (Active)

SDMLS #SW25043279

$274,999
Mar 21, 2022

Sold (Public Record)

Public Record #1488393204

$230,000

+14.4% / yr

Nov 20, 2013

Sold (Public Record)

Public Record #382742833

$75,000
DateEvent & SourcePrice
11/20/2025

Price Change

CLAW #SW25043279MR

$249,999
11/20/2025

Price Change

CRMLS #SW25043279

$249,999
11/19/2025

Price Change

SDMLS #SW25043279

$249,999
11/07/2025

Price Change

CLAW #SW25043279MR

$264,990
11/07/2025

Price Change

CRMLS #SW25043279

$264,990
11/06/2025

Price Change

SDMLS #SW25043279

$264,990
09/18/2025

Price Change

CLAW #SW25043279MR

$264,999
09/18/2025

Price Change

CRMLS #SW25043279

$264,999
09/17/2025

Price Change

SDMLS #SW25043279

$264,999
09/12/2025

Price Change

CLAW #SW25043279MR

$274,900
09/12/2025

Price Change

CRMLS #SW25043279

$274,900
09/11/2025

Price Change

SDMLS #SW25043279

$274,900
08/14/2025

Price Change

CLAW #SW25043279MR

$274,990
08/14/2025

Price Change

CRMLS #SW25043279

$274,990
08/14/2025

Price Change

SDMLS #SW25043279

$274,990
07/21/2025

Price Change

CLAW #SW25043279MR

$274,999
07/21/2025

Price Change

CRMLS #SW25043279

$274,999
05/24/2025

Price Change

CLAW #SW25043279MR

$299,000
05/24/2025

Price Change

CRMLS #SW25043279

$299,000
05/13/2025

Price Change

CLAW #SW25043279MR

$299,900
05/13/2025

Price Change

CRMLS #SW25043279

$299,900
05/01/2025

Price Change

CLAW #SW25043279MR

$299,990
05/01/2025

Price Change

CRMLS #SW25043279

$299,990
03/07/2025

Price Change

CLAW #SW25043279MR

$299,999
03/07/2025

Price Change

CRMLS #SW25043279

$299,999
03/07/2025

Listed (Active)

CRMLS #SW25043279

$274,999
03/07/2025

Listed (Active)

CLAW #SW25043279MR

$274,999
02/19/2025

Listed (Active)

SDMLS #SW25043279

$274,999
03/21/2022

Sold (Public Record)

Public Record #1488393204

$230,000

+14.4% / yr

11/20/2013

Sold (Public Record)

Public Record #382742833

$75,000

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

Public Records for 5540 Rainbow Heights Road

Taxable ValueLand$244,077Additions-Total$244,077
Tax Record2025$2,589 ($216 / month)
Home Facts
Beds0Lot Size101,494 SqFtStyleResidentialZoningAGRICULTURALCountySAN DIEGOAPN102-630-64-00

Schools near 5540 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.

Similar Homes

Similar Sold Homes

5540 Rainbow Heights Road is a 2.33 ac of land for sale in Fallbrook, CA 92028. This property was listed for sale on February 19, 2025 by eXp Realty of California, Inc., it's currently listed at $249,999. It has been on the market for a total of 292 days and was last sold on March 21, 2022. This listing's school districts are Vallecitos Elementary School District, Fallbrook Union High School District. Nearby schools include Vallecitos Elementary School, Fallbrook High School and Ivy High (Continuation) School. 5540 Rainbow Heights Road is a 0-bed, 0-bath, 2.33 ac of land on a 101,495 sq. ft. / 2.33 acres lot.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass, Inc., its subsidiaries, affiliates and their agents and associated third parties expressly disclaims 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 discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of eXp Realty of California, Inc., Blake Cory, DRE #01781649; eXp Realty of California, Inc., Bridget Sisco, DRE #01866045

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