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.
Lot/land
Listing Provided by: 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
- 827 days |
- 288 |
- 19 |
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#: OC24173449
Originating MLS: California Regional MLS
Facts & features
Interior
Video & virtual tour
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: 827 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
| Date | Event | Price |
|---|---|---|
| 9/3/2025 | Price change | $490,000-1.8% |
Source: | ||
| 11/13/2024 | Price change | $499,000-0.2% |
Source: | ||
| 9/26/2024 | Price change | $500,000+0.2% |
Source: | ||
| 9/5/2024 | Price change | $499,000-0.2% |
Source: | ||
| 8/21/2024 | Listed for sale | $500,000+19% |
Source: | ||
| 2/7/2022 | Contingent | $420,000 |
Source: | ||
| 7/23/2021 | Price change | $420,000+5% |
Source: | ||
| 5/12/2021 | Listed for sale | $400,000 |
Source: Owner 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.
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Neighborhood: 92028
Getting around
4 / 100
Car-DependentNearby schools
GreatSchools rating
- 6/10Vallecitos Elementary SchoolGrades: K-8Distance: 1.1 mi
- 6/10Fallbrook High SchoolGrades: 9-12Distance: 8 mi
Local experts in 92028
- California
- San Diego County
- Fallbrook
- 92028
- 5589 Rainbow Creek Rd





