Fallbrook homes
For sale17 days on market
$749,000

5521 Rainbow Heights Road, Fallbrook, CA 92028

1
Beds
1
Baths
888
Sq ft
$843
Per sq ft

About this home

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.

Type
Single Family Residence
Year built
2015
Lot
84,942 sq ft (1.95 ac)
Garage
—
HOA
None
Pool
No
View
Ocean
Solar
—
Estimated payment
$4,724/mo
  • Principal & interest$3,787
  • Property tax (est.)$718
  • Home insurance (est.)$218

Example only, not a loan offer. Rate is a placeholder; ask a lender for today's. Taxes vary by neighborhood (Mello-Roos).

Listing provided courtesy of Omar Ortiz, My Realty Company, Inc.. MLS# V1-39305. Based on information from California Regional Multiple Listing Service, Inc. as of November 1, 2026 at 8:13 AM Pacific. Information is deemed reliable but not guaranteed and is provided exclusively for consumers' personal, non-commercial use to identify prospective properties they may be interested in purchasing. Coldwell Banker Associated Brokers Realty, CA DRE #00939614.

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