5540 Rainbow Heights Rd Fallbrook, CA 92028
Estimated payment $1,508/month
About This Lot
Stunning 2.33-Acre Lot with Panoramic Views – Ready to Build! Nestled among custom homes on a paved road, this exceptional 2.33-acre parcel offers the perfect setting for your dream home. Enjoy breathtaking pastoral views, and on a clear day, catch a glimpse of the Pacific Ocean shimmering in the distance. The location strikes the perfect balance between peaceful rural living and convenient access to key destinations: • I-15 On-ramp – just 3 miles away • Temecula & Award-Winning Wineries – 5 miles • Premier Resorts & Local Gaming – 7 miles • Escondido – 24 miles • San Diego – 53 miles. The owner has invested thousands in completing a PercTest, site plans and Engineer Report for placing a 3 bedroom Manufactured home on the property (reports available for review). The property is well-equipped for development, featuring an installed water meter, electricity approximately 100 feet away, and a fire hydrant within 1,000 feet for added safety. Don’t miss this incredible opportunity to build in a prime location with stunning views. Call today for more details!
Listing Agent
eXp Realty of California, Inc. Brokerage Phone: 951-216-3319 License #01781649 Listed on: 03/07/2025
Co-Listing Agent
eXp Realty of California, Inc. Brokerage Phone: 951-216-3319 License #01866045
Property Details
Property Type
- Land
Lot Details
- 2.33 Acre Lot
- Property is zoned A70
Property Views
- Mountain
- Neighborhood
Community Details
- No Home Owners Association
Listing and Financial Details
- Tax Tract Number 4051
- Assessor Parcel Number 1026306400
- $80 per year additional tax assessments
Map
Tax History
| 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 |
|---|---|---|---|---|
| 2025 | $2,567 | $244,077 | $244,077 | -- |
| 2024 | $2,567 | $239,292 | $239,292 | -- |
| 2023 | $2,507 | $234,600 | $234,600 | $0 |
| 2022 | $979 | $86,518 | $86,518 | $0 |
| 2021 | $955 | $84,822 | $84,822 | $0 |
| 2020 | $959 | $83,953 | $83,953 | $0 |
| 2019 | $942 | $82,307 | $82,307 | $0 |
| 2018 | $928 | $80,694 | $80,694 | $0 |
| 2017 | $911 | $79,112 | $79,112 | $0 |
| 2016 | $1,145 | $77,561 | $77,561 | $0 |
| 2015 | $878 | $76,396 | $76,396 | $0 |
| 2014 | $861 | $74,900 | $74,900 | $0 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 01/13/2026 01/13/26 | Price Changed | $249,990 | 0.0% | -- |
| 11/20/2025 11/20/25 | Price Changed | $249,999 | -5.7% | -- |
| 11/07/2025 11/07/25 | Price Changed | $264,990 | 0.0% | -- |
| 09/18/2025 09/18/25 | Price Changed | $264,999 | -3.6% | -- |
| 09/12/2025 09/12/25 | Price Changed | $274,900 | 0.0% | -- |
| 08/14/2025 08/14/25 | Price Changed | $274,990 | 0.0% | -- |
| 07/21/2025 07/21/25 | Price Changed | $274,999 | -8.0% | -- |
| 05/24/2025 05/24/25 | Price Changed | $299,000 | -0.3% | -- |
| 05/13/2025 05/13/25 | Price Changed | $299,900 | 0.0% | -- |
| 05/01/2025 05/01/25 | Price Changed | $299,990 | 0.0% | -- |
| 03/07/2025 03/07/25 | Price Changed | $299,999 | +9.1% | -- |
| 03/07/2025 03/07/25 | For Sale | $274,999 | -- | -- |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Grant Deed | $230,000 | Wfg National Title | |
| Grant Deed | $75,000 | Ticor Title | |
| Interfamily Deed Transfer | -- | None Available | |
| Deed | $33,000 | -- |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Previous Owner | $37,450 | Seller Take Back |
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: SW25043279
APN: 102-630-64
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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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