PRIVATE oasis on a hilltop with VIEWS 1.95 acres. Bright open-concept living room with large windows. Sleek kitchen with ample counter space. Built in 2015, LED lights throughout, water softener, high ceilings, and all appliances included. Wake up to views from the bedroom and enjoy entertaining guests on the patio deck overlooking Rainbow Valley. Two sheds located on the property. One with a half bath. Other for storage. Enjoy the blood oranges, avocados, and guavas on this one of a kind location. The land has unlimited potential. NO HOA NO MELLO-ROOS.
Sold for $702,000 on 03/06/24
$702,000
5521 Rainbow Heights Rd, Fallbrook, CA 92028
1beds
888sqft
Single Family Residence
Built in 2015
1.95 Acres Lot
$715,700 Zestimate®
$791/sqft
$2,544 Estimated rent
Home value
$715,700
$680,000 - $759,000
$2,544/mo
Zestimate® history
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What's special
Zillow last checked: 8 hours ago
Listing updated: June 27, 2025 at 01:50am
Listed by:
Joshua Kim DRE #01989533 760-208-3675,
eXp Realty of California, Inc.
Bought with:
Omar Ortiz, DRE #02056548
My Realty Company, Inc.
Source: SDMLS,MLS#: 230020222
Originating MLS: San Diego Association of REALTOR
Originating MLS: San Diego Association of REALTORFacts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 1
- Bathrooms: 1
- Full bathrooms: 1
Heating
- Other/Remarks
Cooling
- Central Forced Air
Appliances
- Included: Dishwasher, Disposal, Microwave, Gas Oven, Gas Stove
- Laundry: Electric
Interior area
- Total structure area: 888
- Total interior livable area: 888 sqft
Property
Parking
- Total spaces: 7
- Parking features: None Known
Features
- Levels: 1 Story
- Pool features: N/K
- Fencing: N/K
Lot
- Size: 1.95 Acres
Details
- Parcel number: 1026306600
- Zoning: AGRICULTUR
- Zoning description: AGRICULTUR
Construction
Type & style
- Home type: SingleFamily
- Property subtype: Single Family Residence
Materials
- Stucco
- Roof: Flat
Condition
- Year built: 2015
Utilities & green energy
- Sewer: Septic Installed
- Water: Meter on Property
Community & neighborhood
Location
- Region: Fallbrook
- Subdivision: FALLBROOK
Other
Other facts
- Listing terms: Cash,Conventional,FHA,VA
Price history
| Date | Event | Price |
|---|---|---|
| 3/6/2024 | Sold | $702,000+0.4%$791/sqft |
Source:  SDMLS #230020222 | ||
| 10/24/2023 | Pending sale | $699,000$787/sqft |
Source: SDMLS #230020222 | ||
| 10/13/2023 | Listed for sale | $699,000+5.1%$787/sqft |
Source: SDMLS #230020222 | ||
| 2/6/2023 | Sold | $665,000+2.5%$749/sqft |
Source:  CRMLS #NDP2300688 | ||
| 2/5/2023 | Pending sale | $649,000$731/sqft |
Source: CRMLS #NDP2300688 | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $7,501 +5.2% | $716,040 +5.6% |
| 2024 | $7,127 +20.2% | $678,299 +19.8% |
| 2023 | $5,931 +1.4% | $566,099 +2% |
Find assessor info on the county website
Neighborhood: 92028
Nearby schools
GreatSchools rating
- 6/10Vallecitos Elementary SchoolGrades: K-8Distance: 0.7 mi
- 6/10Fallbrook High SchoolGrades: 9-12Distance: 7.1 mi
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Estimated market value
$715,700
Get a cash offer in 3 minutes
Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
Estimated market value
$715,700