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Listed by: Omar Ortiz (805) 249-0131 DRE #02056548 | My Realty Company, Inc. (661) 543-4663
$749,000
Monthly Est:$3,728
1 Bed
1 Bath1 full bath
888sqft
5521 Rainbow Hts Rd, Fallbrook, CA 92028
$749,000
$3,728/moEst:
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Single Family Residence
Built in 2015
$-- HOA
1.95 acres lot
$843/sq.ft
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.
- Houzeo last checked: 1 hour ago
- Listing updated: October 16, 2026 at 11:10 am
- Source: California Regional MLS-CA | MLS#: V1-39305
Property Details
Status
Active
Type
Single Family Residence
No. of Stories
1
County
City
Neighborhood
--
Year Built
2015
HOA Fees
-
Finished Area
888 sqft
Lot Size
1.95 acres lot
Basement Area
- sqft
MLS Name
California Regional MLS
MLS Number
V1-39305
MLS Status
Active
Days on Market
20
Cumulative Days on Market
1
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Location
Facts & Features
Rooms
Bedrooms & bathrooms
Bedroom: 1
Bathroom: 1
Interior
Cooling
Central Air
Heating
Propane
Flooring
Tile
Appliances
Dishwasher, Electric Range, Gas Range, Microwave, Refrigerator, Tankless Water Heater
Window Features
Blinds, Drapes
Sewer
Septic Tank
Interior Features
Ceiling Fans, Crown Molding, Separate Formal Dining Room, Living Room Deck Attached, Open Floorplan, Bedroom On Main Level, Walk In Closets
Construction
Year Built
Year Built: 2015
Home type
Single Family Residence
Property Condition
Turnkey
Foundation Details
Pillar Post Pier
Utilities & Energy
Security Features
Carbon Monoxide Detectors, Smoke Detectors
Water Source
Public
Laundry Features
Inside, See Remarks
Fireplace Features
None
Parking Features
Asphalt, Driveway
Pool Features
None
Other Features
Community Features
Mountainous
Patio And Porch Features
Deck
Price History
| Date | Event | Price |
|---|---|---|
10/14/2026 Source: | Listed for Sale | $749,000 +6.70% $843/sqft |
03/05/2024 Source: | Price Increased | $702,000 +5.56% $791/sqft |
03/06/2023 Source: | Price Increased | $665,000 +52.87% $749/sqft |
12/26/2018 Source: | Price Decreased | $435,000 -8.42% $490/sqft |
09/06/2018 Source: | Sold | $475,000 $535/sqft |
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Based on information from California Regional Multiple Listing Service, Inc. as of Nov 05, 2026, 12:45PM 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. Information being provided is for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. This website may not include listings or property addresses of sellers who have directed their listing brokers to withhold their listing or their property address from display on the Internet. © 2026 California Regional Multiple Listing Service. All Rights Reserved.
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