5589 Rainbow Creek Rd Fallbrook, CA 92028

$499,000
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

  • MLS Number: OC24173449
  • MLS Name: CRMLS
  • Office Name: Balboa Real Estate, Inc
  • Office Phone: (310) 663-1177
  • Listing Agent: Billy Long

IDX 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: 2/11/2025, 8:20:55 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

DateEventPrice
Feb 28, 2022
Home Sold
$350,000
Mar 13, 2018
Home Sold
$75,000

Tax history

YearAssessmentProperty 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.

All data from GreatSchools

Neighborhood

The neighbors living near this home have an average income of $65,653. The most common annual income of people living in Fallbrook, CA is between $35k-100k. The most common type of family is single, no kids. Typical level of education for residents 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?

  • HuntingHunting
  • Figure SkatingFigure Skating
  • NASCARNASCAR

Where do the neighbors shop?

  • DillardsDillards
  • Dick's Sporting GoodsDick's Sporting Goods
  • Wal-MartWal-Mart

Where do the neighbors go to eat?

  • Cracker BarrelCracker Barrel
  • Texas RoadhouseTexas Roadhouse
  • Hardee'sHardee's

What do the neighbors drive?

  • CadillacCadillac
  • SubaruSubaru
  • RamRam

What do the neighbors listen to?

  • News/Talk/InformationNews/Talk/Information
  • New CountryNew Country
  • Classic CountryClassic Country
All data provided by Home Junction and Claritas

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Frequently asked questions

About 5589 Rainbow Creek Rd

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.

In January 2025, from all listings sold in Fallbrook, CA there were more than 13 sold above asking price, over 18 sold below and more than 13 were sold right at the asked price. The number of homes for sale in Fallbrook, CA increased by 11.4% between December and January 2025. In January 2025, listings were on the market for 49 days. During the same period, the median list price in this real estate market was $863,400.

From Rocket Homes Real Estate and based on county public records data.

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