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Listed by My Realty Company, Inc., Omar Ortiz, Listing Contact: 805-249-0131 
1 Bed
1 Bath
888 sqft

$749,000

5521 Rainbow Heights Road, Fallbrook CA, 92028

Price per sqft$843.47
Built in2015
Property size888 sqft
Property typeResidential

Overview

Active

Listed Oct 15, 2026

Updated 21h ago

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.

$4,983/mo

Est. mortgage payment based on a $749,000 home price.

All estimates are provided by Luxury Presence for informational purposes only. Actual amounts may vary.

Additional information

MLS® ID
V1-39305

Interior Features

Bedrooms
1
Bathrooms
1
Fireplace
Yes
Cooling
Yes
Basement
No

Exterior Features

Lot Size
1.95 Acres

Other Property Details

View
Yes

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Data last updated 3:54 AM UTC, 10/17/2026

   

 

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