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$749,000
5521 Rainbow Heights Road, Fallbrook, CA 92028
My Realty Company, Inc.
MLS® V1-39305
1Beds
1Baths
888Sq Ft
2015Built
1Days Listed
2Lot Sq Ft
Listing history
About This Property
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.
Omar OrtizMy Realty Company, Inc.805-249-0131MLS® V1-39305
Property Location
Map
Property Details
- Property Type
- Detached
- Bedrooms
- 1
- Bathrooms
- 1
- Building Area
- 888 Sqft
- Living Area
- 888 sqft
- Year Built
- 2015
- Status
- Active
- Days on Market
- 1
- Cumulative Days on Market
- 2
- Original Price
- $749,000
- MLS® Number
- V1-39305
Location & Neighborhood
What's nearby 5521 Rainbow Heights Road, Fallbrook, CA 92028
Nearby Schools
- Assigned
- Assigned
- Temecula Luiseno Elementary4.3 mi
Elementary School • Public • K–5
- Great Oak High4.2 mi
Secondary School • Public • 9–12
- Erle Stanley Gardner Middle4.6 mi
Middle School • Public • 6–8
- Helen Hunt Jackson Elementary4.6 mi
Elementary School • Public • K–5
- Red Hawk Elementary4.9 mi
Elementary School • Public • K–5
POI data updated 10/15/2026
Last updated: Oct 16, 2026
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Based on information from California Regional Multiple Listing Service, Inc. as of the date of this data. 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.