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5521 Rainbow Heights Rd, Fallbrook, CA 92028

$749,000
•
  • 1

    bed

  • 1

    bath

  • 888

    Sqft ($843/Sqft)

House for sale 18 days
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About 5521 Rainbow Heights Rd

Property type House
Year built 2015
HOA fee $0/month
Lot size 1.95 Acre
Movoto estimate
Rental estimate
Property description
Nearly two acres of elevated Fallbrook Heights land with no HOA, no restrictions on yourvision, and a turnkey 2015-built cottage ready the day you close -- that is the opportunityat 5521 Rainbow Heights Rd. The 1.95-acre parcel sits in the Rainbow Heights corridor ofFallbrook, California's legendary avocado and citrus country, where acreage with thiscombination of usable land, modern construction, and zero HOA constraints is genuinely rare. The 888 sq ft single-family residence, built in 2015 and in nearly new condition, provides a clean, livable anchor while you plan what comes next -- whether that is anADU, an orchard, a hobby farm, outbuildings, or simply the privacy and elbow room that anear-two-acre elevated parcel delivers. The lot scale, the Fallbrook Heights topography,and the absence of HOA oversight are the story here; the move-in-ready cottage is thebonus. Gross rent estimate of approximately $3,716/month supports an investor or househack angle for a cash or portfolio-lender buyer. Cash buyers and land-savvybuyers with portfolio financing are best positioned. Verify all details independently.
Listed by
Listing Agent - Omar Ortiz
Listing Office - My Realty Company, Inc.
Source: CRMLS mls logo
MLS#V1-39305 • last updated 2 weeks ago
Movoto checked CRMLS for data 4 minutes ago
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Overview
Levels/Style One, House
Type Residential
SubType Single Family Residence
Status Active
Living Area 888
Lot Size (Acres) 1.95
Lot Size (SqFt) 84942
Year Built 2015
Condition Turnkey
Interior
Total # of Bathrooms 1
# Full Baths 1
Total # of Bedrooms 1
Eating Area Dining Room
Flooring Tile
Appliances Microwave, Refrigerator, Tankless Water Heater, Dishwasher, Gas & Electric Range
Interior Features Crown Molding, Ceiling Fan(s), Living Room Deck Attached, Open Floorplan
Accessibility Features 2+ Access Exits
Window Features Drapes, Blinds
Exterior
Foundation Pillar/Post/Pier
Parking Asphalt, Driveway
Other Structures Storage, Shed(s)
Patio/ Porch Deck
Amenities / Utilities
Fireplaces None
Sewer/ Septic Conventional Septic
Water Source Public
Spa None
Pool None
Location
View Ocean, Mountain(s), Trees/Woods, Rocks, Hills, Canyon, Panoramic
County San Diego
Community Features Mountainous
Subdivision Rainbow
Elementary School Fallbrook, FALLBR
Directions Traveling Southbound On I-15/ Exit 54 Rainbow Valley Blvd./ Turn Left, Crossing Over Freeway/ Turn Left At 2nd Stop-Sign Staying On Rainbow Valley Blvd/ Turn Left On Eighth St/ Turn Left Onto Rainbow Heights Rd./ *Turn Left Onto Select Way.
APN 1026306600
Lot/ Land Details
Road Frontage Private Road
Road Surface Paved
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Have a question about this property? Call us at (844) 430-0869
6/10
Fallbrook High School
public Grades 9-12
Fallbrook Union High School District
Source: GreatSchools.org © 2026. All rights reserved.

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Walk
85/100
Family
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Dining
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  • Real Estate
  • CA
  • San Diego County
  • Fallbrook
  • 92028
  • 5521 Rainbow Heights Rd

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CRMLS Multiple Listing Service™ system
The real estate listing data marked with this icon comes from the IDX program of the CRMLS Multiple Listing Service™ system.
Based on information from California Regional Multiple Listing Service, Inc. as of 11/3/2026. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.
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