About Home value Property history Tax history Market statistics Schools Neighborhood Places of interest

5505 Rainbow Heights Rd, Fallbrook, CA 92028

$650,000

Last sold 09/01/2026 after 34 Days

3
bed
2
bath
1,400
Sqft ($464/Sqft)

House not for sale

About 5505 Rainbow Heights Rd

Property type House

Year built 1979

HOA fee $0/month

Lot size 1.53 Acre

Movoto estimate

Parking 2 garage spaces

Property description

INVESTOR'S DREAM on over 1.5 acres in highly sought-after Rainbow! Available for the first time ever, this 3 bedroom/2 bathroom home sits tucked away on a rare, expansive lot with beautiful mountain views! The detached barn offers generous storage for vehicles or equipment, with a huge upstairs space that presents ADU potential for passive income. Set in the quiet, rural charm of Rainbow, this lot offers plenty of flat land, leaving room for RV parking, animals, storage, or whatever the vision calls for! Located in the Fallbrook Union School District for High School (and Vallecitos School district for Elementary) and just a few miles off the 15 freeway, the property balances privacy with easy access. Opportunities like this rarely come to market. Unincorporated San Diego County!

Listed by

Listing Agent - AJ Maloney

Listing Agent Contact: Aj@danielteamrealty.com

Listing Office - Daniel Team Realty

Source: CRMLS

MLS#NDP2607141 • last updated 1 month ago

Movoto checked CRMLS for data 2 minutes ago

Overview
Levels/Style	Two
Type	Residential
SubType	Single Family Residence
Virtual Tour	N/A
Status	Closed
Living Area	1400
Lot Size (Acres)	1.53
Lot Size (SqFt)	66646
Year Built	1979

Interior
Total # of Bathrooms	2
# Full Baths	2
Total # of Bedrooms	3
Appliances	Refrigerator, Electric Range

Exterior
# Parking Spaces	2
# Garage Spaces	2
Lot Description	Agricultural

Amenities / Utilities
Fireplaces	Dining Room
Sewer/ Septic	Conventional Septic
Pool	None

Location
View	Mountain(s)
County	San Diego
Community Features	Rural
Elementary School	Vallecitos, VLOELE
High School District	Fallbrook Union
Zoning	SR-4
Directions	Heading North On Old HWY 395, Turn Right Onto Rainbow Valley Blvd, Continue Onto 8th Street, Turn Right Onto Rice Canyon Rd, Then Turn Left Onto Rainbow Heights Rd, Property Is On The Righthand Side.
APN	1026306900

$649K

Range: $603K-$694K

Last 30 days

Lower your payment with the loan terms that fit you.

Sep 2026
MLS # NDP2607141
Sep 1, 2026 Sold
$650,000
Aug 12, 2026 Pending
—
Jul 29, 2026 Listed
$650,000

Year Property taxes Tax assessment
2025
$2,290 +1.2%

$215,932 +2.0%
2024
$2,263 +2.5%

$211,699 +2.0%
2023
$2,208 +1.4%

$207,549 +2.0%
2022
$2,177 +2.7%

$203,480 +2.0%
2021
$2,121 -0.4%

$199,491 +1.04%
2020
$2,130 +1.9%

$197,447
2019
$2,090 +1.7%

$197,447 +2.0%
2018
$2,056 +4.5%

$193,577 +4.04%
2016
$1,968 +1.5%

$186,062
2015
$1,938

—

5505 Rainbow Heights Rd
$650K
—
92028
$850K -4% y/y
Fallbrook
$850K -4% y/y

No chart available

Statistics calculated by Movoto

	Est. value	Bed/bath	Sqft	mi
5490 Rainbow Heights Rd #a, Fallbrook, CA 92028	$687,000	4/4	2,589	0.03
5493 Rainbow Heights Rd, Fallbrook, CA 92028	$1,120,000	4/2	4,060	0.05
5509 Rainbow Heights Rd, Fallbrook, CA 92028	—	3/2	1,830	0.06
5555 8th St, Fallbrook, CA 92028	—	2/2	1,680	0.07
5467 Rainbow Heights Rd, Fallbrook, CA 92028	$816,000	2/1	956	0.09
5464 Rainbow Heights Rd, Fallbrook, CA 92028	$1,422,000	3/3	2,955	0.1
5437 Rainbow Heights Rd, Fallbrook, CA 92028	$878,000	4/3	2,026	0.12
5521 Rainbow Heights Rd, Fallbrook, CA 92028	$711,000	1/1	888	0.12

Estimated values are based on public record data and automated valuation models. Values are not guaranteed and may not reflect current market conditions.