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 Family Residence
MLS type
Single Family Home
Status
Active
Year built
2015
Stories
1
Living area
888 sqft
Price / sqft
$843
Lot
1.95
Full baths
1
Original price
$749,000
MLS #
V1-39305

Interior

Features
Ceiling Fan(s), Crown Molding, Separate/Formal Dining Room, Living Room Deck Attached, Open Floorplan, Bedroom on Main Level, Walk-In Closet(s), Safe Emergency Egress from Home
Appliances
Dishwasher, Electric Range, Gas Range, Microwave, Refrigerator, Tankless Water Heater
Flooring
Tile
Heating
Propane
Cooling
Central Air
Laundry
Inside
Windows
Blinds, Drapes

Exterior & lot

Features
Shed(s), Storage, Parking spaces: 0
Foundation
Pillar/Post/Pier
Patio & porch
Deck
View
Canyon, Hills, Mountain(s), Ocean, Panoramic, Rocks, Trees/Woods
Parking
Asphalt, Driveway

Schools

District
Vallecitos Elementary School District
Elementary
Fallbrook

Utilities

Utilities
Septic Tank, Public
Water
Public
Sewer
Septic Tank
Security
Carbon Monoxide Detector(s), Smoke Detector(s)

Financial

Parcel
1026306600
Special conditions
Real Estate Owned

Location

Area
92028 - Fallbrook
County
San Diego
Community
Private Road
Directions
Traveling southbound on I-15/ Exit 54 Rainbow Valley Blvd./ Turn Left, crossing over freeway/ Turn Left at 2nd Stop-Sign staying on Rainbow Valley Blvd/ Turn Left on Eighth St/ Turn Left onto Rainbow Heights Rd./ *Turn Left onto Select Way.

Ask about this property

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.