5540 Rainbow Heights Road Fallbrook, CA ^$ 249,999

5540 Rainbow Heights Road

^$ 249,999

Back to search

5540 Rainbow Heights Road

Fallbrook, CA, 92028

^$ 249,999

Studio Baths0.0

Monthly Estimate*

^$ 1,560

Listed by eXp Realty of California, Inc.

5540 Rainbow Heights Road, Fallbrook, CA 92028 - Image 1

5540 Rainbow Heights Road, Fallbrook, CA 92028 - Image 2

5540 Rainbow Heights Road, Fallbrook, CA 92028 - Image 3

5540 Rainbow Heights Road, Fallbrook, CA 92028 - Image 4

5540 Rainbow Heights Road, Fallbrook, CA 92028 - Image 5

5540 Rainbow Heights Road, Fallbrook, CA 92028 - Image 6

5540 Rainbow Heights Road, Fallbrook, CA 92028 - Image 7

5540 Rainbow Heights Road, Fallbrook, CA 92028 - Image 8

5540 Rainbow Heights Road, Fallbrook, CA 92028 - Image 9

5540 Rainbow Heights Road, Fallbrook, CA 92028 - Image 10

5540 Rainbow Heights Road, Fallbrook, CA 92028 - Image 11

5540 Rainbow Heights Road, Fallbrook, CA 92028 - Image 12

View a Virtual Tour

Studio

Lots and Land for sale in Fallbrook, CA

for $249,999. The lot size is 2.33.

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!

Lots and Land Active

Price

^$ 249,999

Bedrooms

Studio

Property Type

Lots and Land

Taxes

^$ 0

Style

Lot Size

2.33

Town/City

Fallbrook

County/Region

San Diego

MLS | Web ID

SW25043279

Days on Market

302

Features

General

Utilities Water Connected

Zoning A70

HOA Fee 0

View Mountain(s) Neighborhood

Community Features Curbs

County San Diego

New Construction false

Property Type Land

HOA false

Special Listing Conditions Standard

Status Active

Directions Fr 8th St R on Select Way

City Fallbrook

Senior Community Y/N false

MLS Area 92028 - Fallbrook

Lot Size Units Square Feet

Lot Size Square Feet 101495

Listing Terms Cash Conventional FHA VA Loan

Land Lease Y/N false

Additional Parcels Y/N false

Standard Status Active

Expected Active Date 2025-03-07

Exterior

Water Source Public

Lot Size Area 101495

Lot Size Acres 2.33

Lot Size Source Assessor

* Excluded Features

List By

Exp Realty Of California, Inc.

Broker

Customercare@coryhometeam.com

Affordability Calculator

$1,560

Per Month

Monthly Principal & Interest: $1,560
Monthly Property Taxes: --
Monthly Home Insurance: --

Set your offer price

Down Payment

Loan Term

Interest Rate

Yearly Property Taxes

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.

Learn more about how to save

Discover how much house you can afford

Your dream home may be within reach.

Learn More about how to save

THE TIME TO SELL IS NOW! What's my home worth?

Nearby

Trends
Schools

Lots and land listings in Fallbrook, CA

Average List Price ^$860,439

Percent of Sale Price 244%

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
11/20/2025	$249,999		Listed Price

Map

More homes like this one

homes for you

See all

5540 Rainbow Heights Road, Fallbrook, CA, 92028 is a Lots and Land for sale at $249,999 with a lot size of 2.33. 5540 Rainbow Heights 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 12/17/2025. 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.

*Full Name

*Email

*Phone

I am interested in financing options

Get more info

By submitting the form, you agree that Weichert^® may contact you via phone or text about your inquiry, which may involve the use of automated means. You are not required to consent as a condition of purchasing any property, goods or services. For any other information please read our privacy policy.

Get more info

Looking for an Associate?

Already Working with an Associate?

5540 Rainbow Heights Road

Lots and Land for sale in Fallbrook, CA

Affordability Calculator

Map

More homes like this one

Get more info about this home