#SW25023402, William Kohl, Listing office: DCH Real Estate
#SW25043279·
Listing office: eXp Realty of California, Inc.·
Listing agent: Blake Cory·
Listing office phone: 951-216-3319
$274,999 List price
5540 Rainbow Heights Rd Fallbrook, CA 92028
2.3 acres
Land
Property details
About 5540 Rainbow Heights Rd
Stunning 2.33-Acre Lot with Panoramic Views – Ready to Build! Nestled among custom homes on a paved road, this exceptional 2.33-acre parcel offers the perfect setting for your dream home. Enjoy breathtaking pastoral views, and on a clear day, catch a glimpse of the Pacific Ocean shimmering in the distance. The location strikes the perfect balance between peaceful rural living and convenient access to key destinations: • I-15 On-ramp – just 3 miles away • Temecula & Award-Winning Wineries – 5 miles • Premier Resorts & Local Gaming – 7 miles • Escondido – 24 miles • San Diego – 53 miles. The owner has invested thousands in completing a PercTest, site plans and Engineer Report for placing a 3 bedroom Manufactured home on the property (reports available for review). The property is well-equipped for development, featuring an installed water meter, electricity approximately 100 feet away, and a fire hydrant within 1,000 feet for added safety. Don’t miss this incredible opportunity to build in a prime location with stunning views. Call today for more details!
Highlights
Home typeOther
StatusActive
Lot size2.33 Acres
MLS #SW25043279
ViewMountain(s), Neighborhood
Summary
- View: Mountain(s), Neighborhood
- List Price: $274,999
- HOA Amount: $0
- Annual Tax Amount: $2,567
- Tax Year: 2024
- Directions: Fr 8th St, R on Select Way
- Lot Size: 2.33 Acres
- MLS Number: SW25043279
- MLS Name: CRMLS
- Office Name: eXp Realty of California, Inc.
- Office Phone: (951) 216-3319
- Listing Agent: Blake Cory
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.
The information being provided by California Regional Multiple Listing Service, Inc. (“CRMLS”) is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Any information relating to a property referenced on this web site comes from CRMLS. Properties may or may not be listed by the office/agent presenting the information. Real estate listings held by brokerage firms other than this broker are marked with the Internet Data Exchange logo and detailed information about them includes the names of the listing brokers and listing agents. MLS search engine provided by IHR Technology Services. This data is updated every 2 hours. Some properties appearing for sale on this display may subsequently have sold and may no longer be available.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 7/24/2025, 12:45:33 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Price information
Property sales
| Date | Event | Price |
|---|---|---|
| Apr 28, 2022 | Home Sold | $230,000 |
| Dec 18, 2013 | Home Sold | $75,000 |
Tax history
| Year | Assessment | Property Tax |
|---|---|---|
| 2024 | $239,292 | $2,567 |
History based on county public records data.
Nearby schools
6
Temecula Luiseño Elementary School
Public District KG-5
4.3 mi
•45754 Wolf Creek Dr N
7
Helen Hunt Jackson Elementary School
Public District KG-5
4.6 mi
•32400 Camino San Dimas
3
Vivian Banks Charter
Public Charter KG-5
4.8 mi
•11800 Pala Mission Rd
School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.
Neighborhood
The neighbors living near this home have an average income of $65,653. The majority of Fallbrook, CA residents have income between $35k-100k annually. Typical family type is single, no kids. Residents of this area typically have post secondary degree education.
How much money do the neighbors make?
22%
<35k
50%
35k-100k
26%
100k-200k
2%
200k+
What level of education do the neighbors have?
High School Diploma
Post Secondary Degree
Masters Degree
Doctorate
What types of families live nearby?
33%
Single, No Kids
7%
Single, with Kids
32%
Married, No Kids
28%
Married, with Kids
Are the neighbors home owners or renters?
Home Owners
Renters
How old are people in this area?
13%
<11 yrs old
9%
12-17 yrs old
21%
18-34 yrs old
43%
35-64 yrs old
14%
65+ yrs old
What do the neighbors do for fun?
Hunting
Figure Skating
NASCAR
Where do the neighbors shop?
Dillards
Dick's Sporting Goods
Wal-Mart
Where do the neighbors go to eat?
Cracker Barrel
Texas Roadhouse
Hardee's
What do the neighbors drive?
Cadillac
Subaru
Ram
What do the neighbors listen to?
News/Talk/Information
New Country
Classic Country
All data provided by Home Junction and Claritas
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Frequently asked questions
About 5540 Rainbow Heights Rd
The listing price of 5540 Rainbow Heights Rd property is $274,999.
The property 5540 Rainbow Heights Rd is land located in Fallbrook, California, 92028.
Active Listing: 5540 Rainbow Heights Rd is For Sale (Active/New) which means the seller is accepting offers.
The nearby schools for 5540 Rainbow Heights Rd are: Temecula Luiseño Elementary School (GreatSchools Rating 6/10), Helen Hunt Jackson Elementary School (GreatSchools Rating 7/10), Vivian Banks Charter (GreatSchools Rating 3/10), Vallecitos Elementary School (GreatSchools Rating 5/10), Erle Stanley Gardner Middle School (GreatSchools Rating 8/10), James E. Potter Intermediate School (GreatSchools Rating 4/10), Great Oak High School (GreatSchools Rating 10/10), Jcs - Pine Hills (GreatSchools Rating 6/10), Susan H. Nelson (GreatSchools Rating 5/10).
According to the records, the last property tax for 2024 is $2,567 (source: MLS/based on county public records data).
The last sale was on April 28, 2022 for $230,000 (source: MLS/tax record).
The property 5540 Rainbow Heights Rd is 2.33 acres.
This home is located at 5540 Rainbow Heights Rd in Fallbrook, CA and zip code 92028. Features: 0 bathroom. It has been listed on Rocket Homes since February 28, 2025 and is currently priced at $274,999.
In June 2025, from all listings sold in Fallbrook, CA there were more than 10 sold above asking price, over 16 sold below and more than 11 were sold right at the asked price. The number of listings in Fallbrook, CA increased by 1.2% between May and June 2025. Listings spent 30 days on the market in June 2025, and had a median list price of $849,950 during the same period.
From Rocket Homes Real Estate and based on county public records data.