0 Rainbow Heights Road

Fallbrook, CA 92028

$900,000
Price
5,148,792 / 118.2
Lot Size / Acres

Description

92+ Acres encompassing 11 legal & large estate lots sold together offer an outstanding investment opportunity to purchase these lots at approximately $90,000 apiece, then build out each lot with beautiful estate homes in a beautiful area of ranch & grove estates. The area is called "Rainbow Highlands" and has the BEST views in Fallbrook looking west to the ocean and east to the snow-capped mountains. The estates are protected with CC&R's & Road Maintenance Agreement (2,500 sq. ft. stick-built homes)....92+ Acres encompassing 11 legal & large estate lots sold together offer an outstanding investment opportunity to purchase these lots at approximately $90,000 apiece, then build out each lot with beautiful estate homes in a beautiful area of ranch & grove estates. The area is called "Rainbow Highlands" and has the BEST views in Fallbrook looking west to the ocean and east to the snow-capped mountains. The estates are protected with CC&R's & Road Maintenance Agreement (2,500 sq. ft. stick-built homes). At present, there is one parcel #59 ready to build on with water meter, power & updated septic layout. All other parcels have septic approval. Power is to or near all 11 lots and water meters are on many of the lots. A cul-de-sac services 5 lots. A new paved 24' wide road to development is from Rainbow Heights (Camp) Rd. You'll find absolute solitude and only 5 minutes to access I-15, with downtown Fallbrook, Bonsall and Temecula nearby. APNs: 109-310-50, 109-310-51, 109-310-52, 109-310-53, 109-310-57, 109-310-58, 109-310-59, 109-310-61, 109-310-62, 109-310-63, 109-310-64
  1. Listed by Jenaro Ramirez • DRE #02104296 • Brokerage DRE #00980338 • Sunshine Properties RealEstate • jenaroramirez453@gmail.com
  2. Listed by Ralph Foster • DRE #00856341 • Brokerage DRE #00980338 • Sunshine Properties RealEstate

Property Details for 0 Rainbow Heights Road

View
Hills, Mountain(s), Panoramic
Parking Spaces Total
0
Lot Size Source
Assessor
Assessor Parcel Number
109-310-50-00
Pool
No
View
Yes
Association
No
Association Fee
$.00

Location

Listing Courtesy of Sunshine Properties RealEstate, Jenaro Ramirez, DRE #02104296; Sunshine Properties RealEstate, Ralph Foster, DRE #00856341
Add your commute
LISTING UPDATED: 12/21/2023 06:11 AM

Property Details for 0 Rainbow Heights Road

StatusActive
MLS #NDP2301401
Days on Market430
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeLand
MLS TypeLot/Land
Year Built-
Lot Size118.20 AC
CountySan Diego County

Location

Listing Courtesy of Sunshine Properties RealEstate, Jenaro Ramirez, DRE #02104296; Sunshine Properties RealEstate, Ralph Foster, DRE #00856341
Add your commute

Building Information for 0 Rainbow Heights Road

Lot Size118.20 AC

Payment Calculator

$4,912 per month

30 year fixed, 7.25% Interest

Principal and Interest

$4,912

Property Taxes

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 0 Rainbow Heights Road

Community / Development
Community / Development
  • Assessments YN: No
  • Community Features: Rural
Property / Structure Info
Exterior Features
  • Fence: Yes
  • Fence: Other
  • Fencing: See Remarks
  • View Description: Hills, Panoramic
Distance To
  • Distance To Water: Rainbow Municipal Water District
Land/Lot Info
  • Additional Parcels Description: 109-310-51-00,52,53,57,58,59,61,63,64,82,83,
  • Lot Features: Irregular Lot, Rolling Slope
  • Current Use: Residential
  • Current Use Comments: agriculture
  • Possible Use: Residential
  • Possible Use Comments: residential, agriculture
  • Land Lease: No
  • Land Lease Type: Fee
  • Topography: Mountainous
  • Road Frontage Type: Private Road
  • Water: See Remarks
  • Sewer: Other, Perc Test On File
  • Sewer/Septic: Perc Test Completed, Other/Remarks
  • Utilities: Propane, Underground Utilities, Electricity Available, Electricity Connected
  • Electric: Electricity Available, Electricity Connected, Propane, Utilities Underground
  • Water Source: See Remarks
Parking Info
  • Carport Spaces: 0
Property / Structure Info
  • Builders Tract Name: FAL
  • Builders Tract Code: FAL

Property History for 0 Rainbow Heights Road

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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

Schools near 0 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

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Similar Sold Homes

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0 Rainbow Heights Road is a 118.2 ac of land for sale in Fallbrook, CA 92028. This property was listed for sale on February 24, 2023 by Sunshine Properties RealEstate, it's currently listed at $900,000. It has been on the market for a total of 430 days and was last sold on July 21, 2023. 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. 0 Rainbow Heights Road is a 0-bed, 0-bath, 118.2 ac of land on a 5,148,792 sq. ft. / 118.2 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 expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Sunshine Properties RealEstate, Jenaro Ramirez, DRE #02104296; Sunshine Properties RealEstate, Ralph Foster, DRE #00856341

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