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

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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 1.52998.

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

Detached

Lot Size

1.52998

Year Built

1979

Town/City

Fallbrook

County/Region

San Diego

MLS | Web ID

NDP2607141

Features
General
Sewer Conventional Septic
Cooling N/K
Appliances Dryer Refrigerator Washer Electric Range
Zoning SR-4
HOA Fee 0.0
Garage Spaces 2.0
Pool Features N/K
Year Built 1979
View Mountains/Hills
Stories Count 2
Levels 2 Story
Property Subtype Detached
County San Diego
New Construction N
Property Type Residential
HOA N
Attached Garage N
Full Baths 2
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
Senior Community Y/N N
High School District Fallbrook Union High School Dist
Lot Size Units Acres
Lot Size Square Feet 66646.0
Property Attached Y/N N
Virtual Tour https://www.zillow.com/view-imx/1c1c00cb-b333-4a82-87f4-ea4c0c07b24c?setAttribution=mls&wl=true&initialViewType=pano&utm_source=dashboard
Building Area Units Sqft
Living Area Units Sqft
Standard Status Active
Middle/Junior School District Fallbrook Union Elementary Distr
Elementary School District Fallbrook Union Elementary Distr
Year Built Source Assessor
Freehold IDX
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Interior
Flooring Carpet Laminate
Fireplace Features FP in Dining Room
Total Stories 2
Common Walls No Common Walls
Air Conditioning Y/N N
Heating Y/N N
Fireplace Y/N N
Half Baths 0
Total Bedrooms 3
Entry Level 1
Total Baths 2
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Exterior
Total Parking 2.0
Lot Size Area 1.53
Building Area Total 1400.0
Waterfront Y/N N
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* Excluded Features
List By
AJ Maloney

Listing Agent

Daniel Team Realty

Broker

(760) 533-5085

Phone

Affordability Calculator

$4,104
Per Month
100%
0%
0%
Monthly Principal & Interest
$4,104
Monthly Property Taxes
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Monthly Home Insurance
--
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
5192088 Elementary School
5192066 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
7/30/2026$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 1.52998. 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