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Lot/land
  • Listing Provided by: HomeSmart Realty West
    Price cut: $650K (2/23)
    $999,999

    0 Rainbow Heights Rd, Fallbrook, CA 92028

    --beds
    --baths
    68.42Acres
    Unimproved Land
    Built in ----
    68.42 Acres Lot
    $-- Zestimate®
    $--/sqft
    $-- HOA

    What's special

    Agricultural potentialAbundant storage space
    A rare opportunity to own over 68 acres in Rainbow Heights, Fallbrook, offered as three separate parcels with endless potential. This unique property is perched high above the valley, showcasing panoramic views of Pauma Valley, Palomar Mountain, and out to the Pacific Ocean. Rough cut building areas sit along the ridgeline, offering excellent locations for a custom estate, retreat, or family compound. The land includes approximately ten acres of gently sloping and flat terrain on the northeastern side, with agricultural potential. A 40’ x 22’ metal building with three connected cargo containers provides a workshop and abundant storage space. Additional infrastructure includes one 10,000-gallon and three 5,000-gallon water tanks, a 1” water line connection, and electricity available at the street. Rough-cut roads connect multiple access points across the property, though re-grading will be needed. Zoned Agricultural, the property supports a wide variety of potential uses — from equestrian facilities and farming, to vineyards, homesteading, or even a private retreat or glamping site. Just minutes from I-15, yet surrounded by the privacy of Fallbrook’s rolling hills, this property combines accessibility with space and seclusion. ? All information deemed reliable but not guaranteed. Buyer to verify all.
    217 days
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    120
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    12
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    Zillow last checked: 7 hours ago

    Listing updated: September 02, 2025 at 10:39am

    Listing Provided by:

    Sharon Corcoran DRE #01152204 760-522-1972,

    HomeSmart Realty West

    Source: CRMLS,MLS#: NDP2508515MLS LogoOriginating MLS: California Regional MLS (North San Diego County & Pacific Southwest AORs)

      Facts & features

      Interior

      Video & virtual tour

      Property

      Features
      • Fencing: Wood
      • Has view: Yes
      • View description: Hills, Mountain(s), Orchard, Peek-A-Boo, Rocks, Valley
      Lot
      • Size: 68.42 Acres
      • Features: Agricultural, Orchard(s), Sprinkler System, Steep Slope
      • Topography: Sloping
      Details
      • Additional parcels included: 1092310100 1092330200
      • Parcel number: 1094110400
      • Zoning: AGRICULTURAL
      • Special conditions: Standard
      • Horse amenities: Riding Trail

      Utilities & green energy

      • Electric: Photovoltaics Seller Owned
      • Sewer: None, Septic Tank
      • Utilities for property: Sewer Not Available

      Community & HOA

      Community
      • Features: Foothills, Horse Trails, Mountainous, Rural, Valley
      Location
      • Region: Fallbrook

      Financial & listing details

      • Date on market: 8/30/2025
      • Listing terms: Cash,Conventional,Owner May Carry,Owner Pay Points

        Estimated market value

        Not available

        Estimated sales range

        Not available

        $2,612/mo

        Price history

        Price history
        DateEventPrice
        2/23/2026Price change$350,000-65%
        Source: eXp Realty #CRNDP2601719 Report a problem
        8/30/2025Listed for sale$999,999+185.7%
        Source: CRMLS #NDP2508515 Report a problem
        7/21/2023Sold$350,000-22.2%
        Source: CRMLS #ND23067362 Report a problem
        7/21/2023Pending sale$449,900
        Source: CRMLS #ND23067362 Report a problem
        6/12/2023Contingent$449,900
        Source: CRMLS #ND23067362 Report a problem
        4/21/2023Price change$449,900+80%
        Source: CRMLS #ND23067362 Report a problem
        4/15/2022Pending sale$249,900
        Source: CRMLS #SW21032765 Report a problem
        3/17/2022Contingent$249,900
        Source: CRMLS #SW21032765 Report a problem
        2/28/2022Listed for sale$249,900
        Source: CRMLS #SW21032765 Report a problem
        2/21/2022Contingent$249,900
        Source: CRMLS #SW21032765 Report a problem
        11/29/2021Listed for sale$249,900
        Source: CRMLS #SW21032765 Report a problem
        11/2/2021Contingent$249,900-13.8%
        Source: CRMLS #SW21032765 Report a problem
        10/26/2021Pending sale$290,000
        Source: CRMLS #SW21016673 Report a problem
        9/15/2021Contingent$290,000+16%
        Source: CRMLS #SW21016673 Report a problem
        2/17/2021Listed for sale$249,900-80.8%
        Source: CRMLS #SW21032765 Report a problem
        1/15/2021Listing removed--
        Source: CRMLS Report a problem
        1/15/2021Listed for sale$1,300,000+422.1%
        Source: CRMLS #200002543 Report a problem
        1/14/2021Contingent$249,000-80.8%
        Source: CRMLS #200037813 Report a problem
        1/14/2021Listed for sale$1,300,000+422.1%
        Source: CRMLS #200002543 Report a problem
        1/11/2021Contingent$249,000
        Source: CRMLS #200037813 Report a problem
        1/11/2021Pending sale$249,000-80.8%
        Source: Coldwell Banker Realty #200002543 Report a problem
        1/8/2021Listed for sale$1,300,000+422.1%
        Source: CRMLS #200002543 Report a problem
        1/5/2021Contingent$249,000-80.8%
        Source: CRMLS #200037813 Report a problem
        1/5/2021Listed for sale$1,300,000+580.6%
        Source: CRMLS #200002543 Report a problem
        3/16/2020Sold$191,000-58.9%
        Source: CRMLS #190023514 Report a problem
        7/24/2018Sold$465,000
        Source: Glendale AOR ZDD #495229 Report a problem

        Public tax history

        Public tax history
        Tax history is unavailable.

        Monthly payment

        Estimated monthly payment
        All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
        HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
        Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
        See how much you could borrow to make a competitive offer.

        Climate risks

        Neighborhood: 92028

        Getting around

        20 / 100
        Car-Dependent
        15 / 100
        Somewhat Bikeable

        Nearby schools

        GreatSchools rating

        Local experts in 92028

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