5505 Rainbow Heights Rd Fallbrook, CA 92028
Fallbrook AreaEstimated payment $3,771/month
Highlights
- Mountain View
- No HOA
- Agricultural
- Main Floor Bedroom
- Living Room
- Carpet
About This Home
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!
Listing Agent
Daniel Team Realty Brokerage Email: aj@danielteamrealty.com License #02078295 Listed on: 07/29/2026
Co-Listing Agent
Daniel Team Realty Brokerage Email: aj@danielteamrealty.com License #00744558
Home Details
Home Type
- Single Family
Year Built
- Built in 1979
Lot Details
- 1.53 Acre Lot
- Rural Setting
- Property is zoned SR-4
Parking
- 2 Car Garage
Home Design
- Entry on the 1st floor
Interior Spaces
- 1,400 Sq Ft Home
- 2-Story Property
- Living Room
- Dining Room with Fireplace
- Mountain Views
- Electric Range
Flooring
- Carpet
- Laminate
Bedrooms and Bathrooms
- 3 Bedrooms | 1 Main Level Bedroom
- 2 Full Bathrooms
Laundry
- Laundry Located Outside
- Dryer
- Washer
Schools
- Vallecitos Elementary School
Farming
- Agricultural
Utilities
- No Heating
- Conventional Septic
Community Details
- No Home Owners Association
- Laundry Facilities
Listing and Financial Details
- Assessor Parcel Number 1026306900
- Seller Considering Concessions
Map
Tax History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2026 | $2,290 | $284,933 | $194,924 | $90,009 |
| 2025 | $2,290 | $215,932 | $132,886 | $83,046 |
| 2024 | $2,263 | $211,699 | $130,281 | $81,418 |
| 2023 | $2,208 | $207,549 | $127,727 | $79,822 |
| 2022 | $2,177 | $203,480 | $125,223 | $78,257 |
| 2021 | $2,121 | $199,491 | $122,768 | $76,723 |
| 2020 | $2,130 | $197,447 | $121,510 | $75,937 |
| 2019 | $2,090 | $193,577 | $119,128 | $74,449 |
| 2018 | $2,056 | $189,783 | $116,793 | $72,990 |
| 2017 | $930 | $186,062 | $114,503 | $71,559 |
| 2016 | $1,968 | $182,414 | $112,258 | $70,156 |
| 2015 | $1,938 | $179,675 | $110,572 | $69,103 |
| 2014 | $1,897 | $176,157 | $108,407 | $67,750 |
Property History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 08/09/2026 08/09/26 | Pending | -- | -- | -- |
| 07/29/2026 07/29/26 | For Sale | $650,000 | -- | $464 / Sq Ft |
Purchase History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Quit Claim Deed | -- | None Available |
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: NDP2607141
APN: 102-630-69
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The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information
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