5589 Rainbow Creek Rd

$490,000
Price
512,266 / 11.76
Lot Size / Acres

Description

Check out this dream property sitting on nearly 12-acres in Rainbow of Fallbrook. Property has electric and water. This property has panoramic views and is located just below the iconic white cross posted on top of the adjacent mountain. This land is ultra-private with two entrances featuring an existing RV that the seller might sell with the land but does include the covered parking structure. Current owner has set up multiple pads, primed for the construction of a garage, outbuilding, or a custom...Check out this dream property sitting on nearly 12-acres in Rainbow of Fallbrook. Property has electric and water. This property has panoramic views and is located just below the iconic white cross posted on top of the adjacent mountain. This land is ultra-private with two entrances featuring an existing RV that the seller might sell with the land but does include the covered parking structure. Current owner has set up multiple pads, primed for the construction of a garage, outbuilding, or a custom home. The land is ready for immediate use, it eagerly awaits a new owner to bring their dreams to life in the heart of Fallbrook’s serene landscape of Rainbow.

Property Details for 5589 Rainbow Creek Road

View
Hills, Landmark, Mountain(s), Orchard, Panoramic, Rocks, See Remarks, Trees/Woods, Valley
Lot Size Source
Assessor
Assessor Parcel Number
109-310-47-00
New Construction
No
Pool
No
View
Yes
View
Yes
Association
No
LISTING UPDATED: 11/10/2025 02:03 PM

Property Details for 5589 Rainbow Creek Road

StatusActive
MLS #OC24173449
Days on Market489
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeLand
MLS TypeLot/Land
Year Built-
Lot Size11.76 AC
CountySan Diego County

Location

Listing Courtesy of Balboa Real Estate, Inc, Billy Long, DRE #01982858; Balboa Real Estate, Inc., Heidi Cabrera, DRE #01922627
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Building Information for 5589 Rainbow Creek Road

Lot Size11.76 AC

Payment Calculator

$2,771 per month

30 year fixed, 6.28% Interest

Principal and Interest

$2,421

Property Taxes

$350

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 5589 Rainbow Creek Road

Income / Expense / Tax Details
Tax / Assessment Info
  • Tax Tract Number: 8030
  • Tax Census Tract: 190.02
  • CFD/Mello-Roos Fee: $379
Community / Development
Community / Development
  • Community Features: Rural
  • Community: FALLBROOK
Property / Structure Info
Interior Features
Exterior Features
  • View Description: Hills, Landmark, Panoramic, Rocks, Trees/Woods, Valley
Distance To
  • Distance To Water: 1
Land/Lot Info
  • Sign on Property: Yes
  • Lot Features: Agricultural, Corner Lot, Horse Property Unimproved, Level, Rocks, Yard
  • Lot Location: Rural, Corner Lot, Rocks
  • Land Lease: No
  • Land Lease Type: Fee
  • Water: Public
  • Electric: Standard
  • Water Source: Public
Parking Info
  • Carport Spaces: 0
Property / Structure Info
  • Builders Tract Name: Fallbrook
  • Builders Tract Code: Fallbrook
  • Residential Styles: Lots/Land

Property History for 5589 Rainbow Creek Road

DateEvent & SourcePriceAppreciation
Sep 3, 2025

Price Change

CLAW #OC24173449MR

$490,000
Sep 3, 2025

Price Change

CRMLS #OC24173449

$490,000
Sep 2, 2025

Price Change

SDMLS #OC24173449

$490,000
Nov 13, 2024

Price Change

CLAW #OC24173449MR

$499,000
Nov 13, 2024

Price Change

CRMLS #OC24173449

$499,000
Nov 13, 2024

Price Change

SDMLS #OC24173449

$499,000
Sep 26, 2024

Price Change

CRMLS #OC24173449

$500,000
Sep 5, 2024

Price Change

CRMLS #OC24173449

$499,000
Aug 21, 2024

Expired

CRMLS #OC23216431

Aug 21, 2024

Listed (Active)

CRMLS #OC24173449

$500,000
Aug 21, 2024

Listed (Active)

SDMLS #OC24173449

$500,000
Aug 21, 2024

Listed (Active)

CLAW #OC24173449MR

$500,000
Aug 20, 2024

Expired

SDMLS #OC23216431

$500,000
Aug 20, 2024

Expired

CLAW #OC23216431MR

$500,000
Aug 17, 2024

Price Change

CRMLS #OC23216431

$500,000
Jun 26, 2024

Price Change

CLAW #OC23216431MR

$499,000
Jun 26, 2024

Price Change

CRMLS #OC23216431

$499,000
Jan 30, 2024

Price Change

CLAW #OC23216431MR

$599,000
Jan 30, 2024

Price Change

CRMLS #OC23216431

$599,000
Jan 4, 2024

Price Change

CLAW #OC23216431MR

$625,000
Jan 4, 2024

Price Change

CRMLS #OC23216431

$625,000
Nov 25, 2023

Listed (Active)

CLAW #OC23216431MR

$675,000
Nov 25, 2023

Listed (Active)

CRMLS #OC23216431

$675,000
Nov 25, 2023

Listed (Active)

SDMLS #OC23216431

$675,000
Mar 1, 2022

Sold

CRMLS #OC21161165

$350,000
Mar 1, 2022

Sold

SDMLS #OC21161165

$350,000
Mar 1, 2022

Sold

CLAW #OC21161165MR

$350,000
Feb 8, 2022

Sold (Public Record)

Public Record #1484512047

$350,000

+47.2% / yr

Feb 7, 2022

Pending

CLAW #OC21161165MR

Feb 7, 2022

Pending

SDMLS #OC21161165

Feb 7, 2022

In Contract

CLAW #OC21161165MR

Feb 7, 2022

In Contract

SDMLS #OC21161165

Feb 7, 2022

In Contract

CRMLS #OC21161165

Jul 23, 2021

Listed (Active)

SDMLS #OC21161165

$420,000
Jul 23, 2021

Listed (Active)

CRMLS #OC21161165

$420,000
Jul 23, 2021

Listed (Active)

CLAW #OC21161165MR

$420,000
Aug 6, 2018

Withdrawn

CLAW #SW18161411MR

Aug 6, 2018

Withdrawn

SDMLS #SW18161411

Aug 6, 2018

Withdrawn

CRMLS #SW18161411

$497,500
Jul 5, 2018

Listed (Active)

SDMLS #SW18161411

$497,500
Jul 5, 2018

Listed (Active)

CRMLS #SW18161411

$497,500
Jul 5, 2018

Listed (Active)

CLAW #SW18161411MR

$497,500
Feb 14, 2018

Sold (Public Record)

Public Record #617823875

$75,000
DateEvent & SourcePrice
09/03/2025

Price Change

CLAW #OC24173449MR

$490,000
09/03/2025

Price Change

CRMLS #OC24173449

$490,000
09/02/2025

Price Change

SDMLS #OC24173449

$490,000
11/13/2024

Price Change

CLAW #OC24173449MR

$499,000
11/13/2024

Price Change

CRMLS #OC24173449

$499,000
11/13/2024

Price Change

SDMLS #OC24173449

$499,000
09/26/2024

Price Change

CRMLS #OC24173449

$500,000
09/05/2024

Price Change

CRMLS #OC24173449

$499,000
08/21/2024

Expired

CRMLS #OC23216431

08/21/2024

Listed (Active)

CRMLS #OC24173449

$500,000
08/21/2024

Listed (Active)

SDMLS #OC24173449

$500,000
08/21/2024

Listed (Active)

CLAW #OC24173449MR

$500,000
08/20/2024

Expired

SDMLS #OC23216431

$500,000
08/20/2024

Expired

CLAW #OC23216431MR

$500,000
08/17/2024

Price Change

CRMLS #OC23216431

$500,000
06/26/2024

Price Change

CLAW #OC23216431MR

$499,000
06/26/2024

Price Change

CRMLS #OC23216431

$499,000
01/30/2024

Price Change

CLAW #OC23216431MR

$599,000
01/30/2024

Price Change

CRMLS #OC23216431

$599,000
01/04/2024

Price Change

CLAW #OC23216431MR

$625,000
01/04/2024

Price Change

CRMLS #OC23216431

$625,000
11/25/2023

Listed (Active)

CLAW #OC23216431MR

$675,000
11/25/2023

Listed (Active)

CRMLS #OC23216431

$675,000
11/25/2023

Listed (Active)

SDMLS #OC23216431

$675,000
03/01/2022

Sold

CRMLS #OC21161165

$350,000
03/01/2022

Sold

SDMLS #OC21161165

$350,000
03/01/2022

Sold

CLAW #OC21161165MR

$350,000
02/08/2022

Sold (Public Record)

Public Record #1484512047

$350,000

+47.2% / yr

02/07/2022

Pending

CLAW #OC21161165MR

02/07/2022

Pending

SDMLS #OC21161165

02/07/2022

In Contract

CLAW #OC21161165MR

02/07/2022

In Contract

SDMLS #OC21161165

02/07/2022

In Contract

CRMLS #OC21161165

07/23/2021

Listed (Active)

SDMLS #OC21161165

$420,000
07/23/2021

Listed (Active)

CRMLS #OC21161165

$420,000
07/23/2021

Listed (Active)

CLAW #OC21161165MR

$420,000
08/06/2018

Withdrawn

CLAW #SW18161411MR

08/06/2018

Withdrawn

SDMLS #SW18161411

08/06/2018

Withdrawn

CRMLS #SW18161411

$497,500
07/05/2018

Listed (Active)

SDMLS #SW18161411

$497,500
07/05/2018

Listed (Active)

CRMLS #SW18161411

$497,500
07/05/2018

Listed (Active)

CLAW #SW18161411MR

$497,500
02/14/2018

Sold (Public Record)

Public Record #617823875

$75,000

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

Public Records for 5589 Rainbow Creek Road

Taxable ValueLand$360,810Additions$10,612Total$371,422
Tax Record2025$4,206 ($350 / month)
Home Facts
Lot Size512,265 SqFtStyleAgricultural / RuralZoningAGRICULTURALCountySAN DIEGOAPN109-310-47-00

Schools near 5589 Rainbow Creek 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

5589 Rainbow Creek Road is a 11.76 ac of land for sale in Fallbrook, CA 92028. This property was listed for sale on August 21, 2024 by Balboa Real Estate, Inc, it's currently listed at $490,000. It has been on the market for a total of 489 days and was last sold on March 1, 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. 5589 Rainbow Creek Road is a 0-bed, 0-bath, 11.76 ac of land on a 512,266 sq. ft. / 11.76 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 Balboa Real Estate, Inc, Billy Long, DRE #01982858; Balboa Real Estate, Inc., Heidi Cabrera, DRE #01922627

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