Last Sold Price
101,495 Lot Size2.33 Acres
5540 Rainbow Heights Rd, Fallbrook, CA 92028

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!
LISTING CLOSED: 03/17/2026 12:00 AM

  1. Listed by Blake Cory • DRE #01781649 • Brokerage DRE #01878277 • eXp Realty of California, Inc. • 951-216-3319
  2. Listed by Bridget Sisco • DRE #01866045 • Brokerage DRE #01878277 • eXp Realty of California, Inc.

Property Details for 5540 Rainbow Heights Road

Status
MLS #
SW25043279
Days on Market
350
Taxes
-
HOA Fees
-
Condo/Co-op Fees
-
Property Type
MLS Type
Lot/Land
Year Built
-
Lot Size
2.33 AC
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
Association Fee
$.00
Zoning
A70
Senior Community
No
Parcel Number
1026306400
Area
92028 - Fallbrook
Directions
Fr 8th St, R on Select Way

Location

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

Sold By Mogul Real Estate, Elizabeth Lopez, DRE #02127365

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Building Information for 5540 Rainbow Heights Road

Lot Size2.33 AC

Payment Calculator

$1,410 per month

30 year fixed, 6.55% Interest

Principal and Interest

$1,194

Property Taxes

$216

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

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Property Information for 5540 Rainbow Heights Road

Income / Expense / Tax Details
Income Details
  • Financing: Conventional
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
Mar 17, 2026

Sold

SDMLS #SW25043279

$235,000
Mar 17, 2026

Sold

CLAW #SW25043279MR

$235,000
Mar 17, 2026

Sold

CRMLS #SW25043279

$235,000
DateEvent & SourcePrice
03/17/2026

Sold

SDMLS #SW25043279

$235,000
03/17/2026

Sold

CLAW #SW25043279MR

$235,000
03/17/2026

Sold

CRMLS #SW25043279

$235,000

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

Public Records for 5540 Rainbow Heights Road

Taxable ValueLand$248,958Additions-Total$248,958
Tax Record2025$2,589 ($216 / month)
Home Facts
Beds0Lot Size101,495 SqFtStyleResidentialZoningA70CountySAN 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.

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Nearby home values

AddressSold priceBedsBathsSqftLot (Sqft)
This home: 5540 Rainbow Heights Road, Fallbrook, CA 92028
$235,000
101,495
3
3.5
2,634
129,373
$370,000
2
1,412
219,542
$1,065,000
3
2,515
112,384
$650,000
3
2,000
86,248
$187,000
3
2,268
60,113

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

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.