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
$475,000
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
- 2 days |
- 31 |
- 1 |
Zillow last checked:
Listing updated:
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#: OC26102883
Originating MLS: California Regional MLS
Originating MLS: California Regional MLSFacts & 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: 5/11/2026
- 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
| Date | Event | Price |
|---|---|---|
| 5/12/2026 | Listed for sale | $475,000-3.1% |
Source:  CRMLS #OC26102883 Report a problem | ||
| 12/31/2025 | Listing removed | $490,000-1.8% |
Source:  SDMLS #OC24173449 Report a problem | ||
| 6/23/2025 | Listed for sale | $499,000+18.8% |
Source: SDMLS #OC24173449 Report a problem | ||
| 2/7/2022 | Contingent | $420,000 |
Source: CRMLS #OC21161165 Report a problem | ||
| 7/23/2021 | Price change | $420,000+5% |
Source: CRMLS #OC21161165 Report a problem | ||
| 5/12/2021 | Listed for sale | $400,000 |
Source: Owner Report a problem | ||
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
4 / 100
Car-DependentNearby schools
GreatSchools rating
- 6/10Vallecitos Elementary SchoolGrades: K-8Distance: 1.1 mi
- 6/10Fallbrook High SchoolGrades: 9-12Distance: 8 mi
A local agent can set up tours, give advice and negotiate with sellers.
Local buyer's agents are ready to help
- California
- San Diego County
- Fallbrook
- 92028
- 5589 Rainbow Creek Rd
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