#IG25112892, TJ Afdasta, Listing Office: Keller Williams Realty
#OC24173449·
Listing office: Balboa Real Estate, Inc·
Listing agent: Billy Long·
Listing office phone: 310-663-1177
$499,000 List price
5589 Rainbow Creek Rd Fallbrook, CA 92028
11.8 acres
Land
Property details
About 5589 Rainbow Creek Rd
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.
Highlights
Home typeOther
StatusActive
Lot size11.76 Acres
MLS #OC24173449
ViewHills, Other, Mountain(s), Orchard, Panoramic, Valley, Trees/Woods
Virtual tour
Summary
- View: Hills, Other, Mountain(s), Orchard, Panoramic, Valley, Trees/Woods
- List Price: $499,000
- HOA Amount: $0
- Annual Tax Amount: $4,281
- Tax Year: 2024
- Lot: Agricultural, Corner Lot, Level
- Directions: Old 395 to Rainbow Creek.. will be located on the left side of the road. Two entrances one before low water bridge
- Lot Size: 11.76 Acres
- MLS Number: OC24173449
- MLS Name: CRMLS
- Office Name: Balboa Real Estate, Inc
- Office Phone: (310) 663-1177
- Listing Agent: Billy Long
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: 6/2/2025, 12:20:35 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
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$499,000
5589 Rainbow Creek Rd
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Price information
Property sales
| Date | Event | Price |
|---|---|---|
| Feb 28, 2022 | Home Sold | $350,000 |
| Mar 13, 2018 | Home Sold | $75,000 |
Tax history
| Year | Assessment | Property Tax |
|---|---|---|
| 2024 | $364,140 | $4,281 |
| 2023 | $357,000 | $4,190 |
History based on county public records data.
Nearby schools
6
Temecula Luiseño Elementary School
Public District KG-5
3.3 mi
•45754 Wolf Creek Dr N
7
Helen Hunt Jackson Elementary School
Public District KG-5
3.6 mi
•32400 Camino San Dimas
9
Red Hawk Elementary School
Public District KG-5
3.8 mi
•32045 Camino San Jose
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. The most common level of education of people living in this area is post secondary degree.
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
Similar homes for sale
Frequently asked questions
About 5589 Rainbow Creek Rd
The listing price of 5589 Rainbow Creek Rd property is $499,000.
The property 5589 Rainbow Creek Rd is land located in Fallbrook, California, 92028.
Active Listing: 5589 Rainbow Creek Rd is For Sale (Active/New) which means the seller is accepting offers.
The nearby schools for 5589 Rainbow Creek Rd are: Temecula Luiseño Elementary School (GreatSchools Rating 6/10), Helen Hunt Jackson Elementary School (GreatSchools Rating 7/10), Red Hawk Elementary School (GreatSchools Rating 9/10), Vallecitos Elementary School (GreatSchools Rating 5/10), Erle Stanley Gardner Middle School (GreatSchools Rating 8/10), Vail Ranch Middle School (GreatSchools Rating 8/10), 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 $4,281 (source: MLS/based on county public records data).
The last sale was on February 28, 2022 for $350,000 (source: MLS/tax record).
The property 5589 Rainbow Creek Rd is 11.76 acres.
This home is located at 5589 Rainbow Creek Rd in Fallbrook, CA and zip code 92028. Features: 0 bathroom. It has been listed on Rocket Homes since August 22, 2024 and is currently priced at $499,000.
Fallbrook, CA housing market in May 2025 saw over 15 listings sold above listed price, more than 8 sold at listed price and over 18 sold below. In May 2025 in Fallbrook, CA there were 11.5% more homes for sale than in April. In May 2025 median list price was $879,666 and the average listing age was 25 days.
From Rocket Homes Real Estate and based on county public records data.