5589 Rainbow Creek Road Fallbrook, CA ^$ 490,000

5589 Rainbow Creek Road

^$ 490,000

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5589 Rainbow Creek Road

Fallbrook, CA, 92028

^$ 490,000

Studio Baths0.0

Monthly Estimate*

^$ 3,057

Listed by Balboa Real Estate, Inc

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Studio

Lots and Land for sale in Fallbrook, CA

for $490,000. The lot size is 11.76.

Check out this dream property sitting on nearly 12-acres in Rainbow of Fallbrook. Property has electric and water. This property has panoramic views and is located just below the iconic white cross posted on top of the adjacent mountain. This land is ultra-private with two entrances featuring an existing RV that the seller might sell with the land but does include the covered parking structure. Current owner has set up multiple pads, primed for the construction of a garage, outbuilding, or a custom home. The land is ready for immediate use, it eagerly awaits a new owner to bring their dreams to life in the heart of Fallbrook’s serene landscape of Rainbow.

Lots and Land Active

Price

^$ 490,000

Bedrooms

Studio

Property Type

Lots and Land

Taxes

^$ 0

Style

Lot Size

11.76

Town/City

Fallbrook

County/Region

San Diego

MLS | Web ID

OC24173449

Days on Market

487

Features

General

Zoning A70

HOA Fee 0

Electric Standard

View Hills Landmark Mountain(s) Orchard Panoramic Rocks Valley Trees/Woods

Community Features Rural

County San Diego

New Construction 0

Property Type Land

HOA 0

Subdivision Name Fallbrook

Special Listing Conditions Standard

Status Active

Directions Old 395 to Rainbow Creek.. will be located on the left side of the road. Two entrances one before low water bridge

City Fallbrook

Senior Community Y/N 0

MLS Area 92028 - Fallbrook

Lot Size Units Square Feet

Lot Size Square Feet 512266

Listing Terms Cash Cash to New Loan Conventional FHA Submit

Land Lease Y/N 0

Additional Parcels Y/N 0

Virtual Tour https://youtu.be/xITrmVoE3Qw https://www.youtube.com/watch?v=8BJ4TAMiKFU

Standard Status Active

Exterior

Lot Features Agricultural Corner Lot Horse Property Level Rocks Yard

Water Source Public

Lot Size Area 512266

Lot Size Acres 11.76

Lot Size Source Assessor

Horse Y/N 1

* Excluded Features

List By

Balboa Real Estate, Inc

Broker

Billy@BillyLongre.com

Affordability Calculator

$3,057

Per Month

Monthly Principal & Interest: $3,057
Monthly Property Taxes: --
Monthly Home Insurance: --

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Yearly Home Insurance

Default based on a 30-year fixed rate of 6.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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Nearby

Trends
Schools

Lots and land listings in Fallbrook, CA

Average List Price ^$849,397

Percent of Sale Price 73%

About Fallbrook, CA

33,184 Population

14% Since 2002

^$57,009 Median Income

35.56 Median Age

31% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

4827338 Elementary School

4827337 Middle School

Unknown High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
11/28/2025	$490,000		Listed Price

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5589 Rainbow Creek Road, Fallbrook, CA, 92028 is a Lots and Land for sale at $490,000 with a lot size of 11.76. 5589 Rainbow Creek Road is a studio with 0.0 baths. The property's zip code is 92028 which is in Fallbrook, CA

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 6.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

Listing data provided courtesy of the Internet Data Exchange Program of the California Regional Multiple Listing Service, Inc..

Based on information from California Regional Multiple Listing Service, Inc. as of 12/21/2025. 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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5589 Rainbow Creek Road

Lots and Land for sale in Fallbrook, CA

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