For Sale House MLS# V1-39305

5521 Rainbow Heights Road

Fallbrook, CA 92028

$749,000

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About 5521 Rainbow Heights Road

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.

Property details

Property

Type
single
Year built
2015
Living area
888 sqft
Price / sqft
$843
Lot
1.95 ac
List date
Oct 15, 2026

Schools

District
Vallecitos Elementary School District

Location

School district
Vallecitos Elementary School District

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Questions on 5521 Rainbow Heights Road, Fallbrook, CA 92028, or want to see it in person?

Listed by Omar Ortiz, My Realty Company, Inc.

Listing information is provided by the participating MLS / IDX program and is deemed reliable but not guaranteed. All information should be independently verified. Equal Housing Opportunity.