Stunning 2.33-Acre Lot with Panoramic Views – Ready to Build! Nestled among custom homes on a paved road, this exceptional 2.33-acre parcel offers the perfect setting for your dream home. Enjoy breathtaking pastoral views, and on a clear day, catch a glimpse of the Pacific Ocean shimmering in the distance. The location strikes the perfect balance between peaceful rural living and convenient access to key destinations: • I-15 On-ramp – just 3 miles away • Temecula & Award-Winning Wineries – 5 miles • Premier Resorts & Local Gaming – 7 miles • Escondido – 24 miles • San Diego – 53 miles. The owner has invested thousands in completing a PercTest, site plans and Engineer Report for placing a 3 bedroom Manufactured home on the property (reports available for review). The property is well-equipped for development, featuring an installed water meter, electricity approximately 100 feet away, and a fire hydrant within 1,000 feet for added safety. Don’t miss this incredible opportunity to build in a prime location with stunning views. Call today for more details!
Lot/land
Listing Provided by:
Blake Cory DRE #01781649 951-216-3319,
eXp Realty of California, Inc.,
Bridget Sisco DRE #01866045,
eXp Realty of California, Inc.
Price cut: $15K (11/20)
$249,999
5540 Rainbow Heights Rd, Fallbrook, CA 92028
--beds
--baths
2.33Acres
Unimproved Land
Built in ----
2.33 Acres Lot
$-- Zestimate®
$--/sqft
$-- HOA
What's special
Panoramic viewsBreathtaking pastoral viewsPeaceful rural livingNestled among custom homes
- 280 days |
- 584 |
- 57 |
Zillow last checked: 8 hours ago
Listing updated: November 20, 2025 at 10:39am
Listing Provided by:
Blake Cory DRE #01781649 951-216-3319,
eXp Realty of California, Inc.,
Bridget Sisco DRE #01866045,
eXp Realty of California, Inc.
Source: CRMLS,MLS#: SW25043279
Originating MLS: California Regional MLS
Originating MLS: California Regional MLSFacts & features
Property
Features
- Has view: Yes
- View description: Mountain(s), Neighborhood
Lot
- Size: 2.33 Acres
Details
- Parcel number: 1026306400
- Zoning: A70
- Special conditions: Standard
Utilities & green energy
- Water: Public
- Utilities for property: Water Connected
Community & HOA
Community
- Features: Curbs
Location
- Region: Fallbrook
Financial & listing details
- Tax assessed value: $244,077
- Annual tax amount: $2,589
- Date on market: 3/7/2025
- Cumulative days on market: 281 days
- Listing terms: Cash,Conventional,FHA,VA Loan
Estimated market value
Not available
Estimated sales range
Not available
$3,183/mo
Price history
Price history
| Date | Event | Price |
|---|---|---|
| 11/20/2025 | Price change | $249,999-5.7% |
Source:  CRMLS #SW25043279 Report a problem | ||
| 11/7/2025 | Price change | $264,9900% |
Source: CRMLS #SW25043279 Report a problem | ||
| 9/19/2025 | Price change | $264,999-3.6% |
Source: CRMLS #SW25043279 Report a problem | ||
| 9/12/2025 | Price change | $274,9000% |
Source: CRMLS #SW25043279 Report a problem | ||
| 8/14/2025 | Price change | $274,9900% |
Source: CRMLS #SW25043279 Report a problem | ||
Public tax history
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $2,589 +0.8% | $244,077 +2% |
| 2024 | $2,567 +2.4% | $239,292 +2% |
| 2023 | $2,507 +156% | $234,600 +171.2% |
Find assessor info on the county website
BuyAbility℠ payment
Estimated monthly payment
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Neighborhood: 92028
Nearby schools
GreatSchools rating
- 6/10Vallecitos Elementary SchoolGrades: K-8Distance: 0.7 mi
- 6/10Fallbrook High SchoolGrades: 9-12Distance: 7.2 mi
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