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Lot/land
  • Listing Provided by: 

    Billy Long DRE #01982858 310-663-1177,

    Balboa Real Estate, Inc,

    Heidi Cabrera DRE #01922627,

    Balboa Real Estate, Inc.

    $490,000

    5589 Rainbow Creek Rd, Fallbrook, CA 92028

    --beds
    --baths
    11.76Acres
    Unimproved Land
    Built in ----
    11.76 Acres Lot
    $-- Zestimate®
    $--/sqft
    $-- HOA

    What's special

    Check out this dream property sitting on nearly 12-acres in Rainbow of Fallbrook. Property has electric and water. This property has panoramic views and is located just below the iconic white cross posted on top of the adjacent mountain. This land is ultra-private with two entrances featuring an existing RV that the seller might sell with the land but does include the covered parking structure. Current owner has set up multiple pads, primed for the construction of a garage, outbuilding, or a custom home. The land is ready for immediate use, it eagerly awaits a new owner to bring their dreams to life in the heart of Fallbrook’s serene landscape of Rainbow.
    781 days
    |
    240
    |
    10
    |

    Zillow last checked: 8 hours ago

    Listing updated: January 02, 2026 at 12:09am

    Listing Provided by:

    Billy Long DRE #01982858 310-663-1177,

    Balboa Real Estate, Inc,

    Heidi Cabrera DRE #01922627,

    Balboa Real Estate, Inc.

    Source: CRMLS,MLS#: OC24173449MLS LogoOriginating MLS: California Regional MLS

    Facts & features

    Interior

    Property

    Features
    • Has view: Yes
    • View description: Hills, Landmark, Mountain(s), Orchard, Panoramic, Rocks, Valley, Trees/Woods
    Lot
    • Size: 11.76 Acres
    • Features: Agricultural, Corner Lot, Horse Property, Level, Rocks, Yard
    Details
    • Parcel number: 1093104700
    • Zoning: A70
    • Special conditions: Standard
    • Horses can be raised: Yes

    Utilities & green energy

    • Electric: Standard
    • Water: Public

    Community & HOA

    Community
    • Features: Rural
    • Subdivision: Fallbrook
    Location
    • Region: Fallbrook

    Financial & listing details

    • Date on market: 8/21/2024
    • Cumulative days on market: 782 days
    • Listing terms: Cash,Cash to New Loan,Conventional,FHA,Submit

    Estimated market value

    Not available

    Estimated sales range

    Not available

    $2,790/mo

    Price history

    Price history
    DateEventPrice
    9/3/2025Price change$490,000-1.8%
    Source: CRMLS #OC24173449 Report a problem
    11/13/2024Price change$499,000-0.2%
    Source: CRMLS #OC24173449 Report a problem
    9/26/2024Price change$500,000+0.2%
    Source: CRMLS #OC24173449 Report a problem
    9/5/2024Price change$499,000-0.2%
    Source: CRMLS #OC24173449 Report a problem
    8/21/2024Listed for sale$500,000+19%
    Source: CRMLS #OC24173449 Report a problem

    Public tax history

    Public tax history
    Tax history is unavailable.

    BuyAbility℠ 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.

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    Learn more*Terms apply. Match provided by Foyer. Account offered by Pacific West Bank, Member FDIC.

    Climate risks

    Neighborhood: 92028

    Nearby schools

    GreatSchools rating

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