5505 Rainbow Heights Road Fallbrook, CA $ 650,000
5505 Rainbow Heights Road
$ 650,000
Recently Listed
Open House 8/1 11am - 1pm
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5505 Rainbow Heights Road

Fallbrook, CA, 92028
$ 650,000
Bedrooms3 Baths2.0 Sq 1,400

Monthly Estimate*

$ 4,104

Listed by Daniel Team Realty
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Single Family Home for sale in Fallbrook, CA

for $650,000 with 3 bedrooms and 2 full baths. This 1,400 square foot home was built in 1979 on a lot size of 1.53.

INVESTOR'S DREAM on over 1.5 acres! Available for the first time ever, this 3 bedroom/2 bathroom home sits tucked away on a rare, expansive lot with beautiful mountain views! The detached barn offers generous storage for vehicles or equipment, with a huge upstairs space that presents ADU potential for passive income. Plenty of flat land leaves room for RV parking, animals, storage, or whatever the vision calls for! Located in the Fallbrook Unified School District and just a few miles off the 15 freeway, the property balances privacy with easy access. Opportunities like this rarely come to market. Unincorporated San Diego County!

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Open House

8/1/2026 11:00 AM - 1:00 PM
5505 Rainbow Heights Road Fallbrook, CA
* Some states or local ordinances may prohibit Open Houses at this time, please confirm with your Weichert agent or local rep to confirm

Single Family Active

Price

$ 650,000

Bedrooms

3

Full Bath

2

Property Type

Single Family

Taxes

$ 0

Style

Lot Size

1.53

Year Built

1979

Town/City

Fallbrook

County/Region

San Diego

MLS | Web ID

NDP2607141

Days on Market

1

Features
General
Living Area 1400
Sewer Septic Tank
Cooling None
Appliances Electric Range Refrigerator Dryer Washer
Zoning SR-4
HOA Fee 0
Garage Spaces 2
Pool Features None
Year Built 1979
View Mountain(s)
Stories Count 2
Levels Two
Property Subtype Single Family Residence
Community Features Rural
County San Diego
Property Type Residential
HOA false
Attached Garage false
Garage Y/N true
Full Baths 2
Special Listing Conditions Standard
Status Active
Directions Heading north on Old HWY 395 turn right onto Rainbow Valley Blvd continue onto 8th Street turn right onto Rice Canyon Rd then turn left onto Rainbow Heights Rd property is on the righthand side.
City Fallbrook
Entry Location Front Door
Senior Community Y/N false
High School District Fallbrook Union
MLS Area 92028 - Fallbrook
Lot Size Units Square Feet
Lot Size Square Feet 66646
Listing Terms Cash Conventional
Property Attached Y/N false
Land Lease Y/N false
Lease Considered Y/N false
Virtual Tour https://www.zillow.com/view-imx/1c1c00cb-b333-4a82-87f4-ea4c0c07b24c?setAttribution=mls&wl=true&initialViewType=pano&utm_source=dashboard
Living Area Units Square Feet
Standard Status Active
Occupancy Type Owner
Year Built Source Assessor
Property Sub Type Additional Single Family Residence
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Interior
Interior Amenities Bedroom on Main Level
Flooring Carpet Laminate
Fireplace Features Dining Room
Total Stories 2
Common Walls No Common Walls
Air Conditioning Y/N false
Heating Y/N false
Fireplace Y/N true
Laundry Features Outside
Total Bedrooms 3
Entry Level 1
Main Level Bedrooms 1
Main Level Bathrooms 1
Total Baths 2
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Exterior
Lot Features Agricultural
Total Parking 2
Lot Size Area 66646
Spa false
Lot Size Acres 1.53
Private Pool false
Lot Size Source Assessor
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* Excluded Features
List By
Daniel Team Realty

Broker

aj@danielteamrealty.com

Email

Affordability Calculator

$4,104
Per Month
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Monthly Principal & Interest
$4,104
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Default based on a 30-year fixed rate of 6.49% 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
4827338 Elementary School
4827337 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
7/29/2026$650,000 Listed Price

Map


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5505 Rainbow Heights Road, Fallbrook, CA, 92028 is a Single Family Home for sale at $650,000 with 1,400 sqft and a lot size of 1.53. 5505 Rainbow Heights Road has 3 bedrooms, 2.0 baths, and was built in 1979. The property's zip code is 92028 which is in Fallbrook, CA