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1 Bed
1 Bath
888 sqft

$749,000

5521 Rainbow Heights Road, Fallbrook CA, 92028

Price per sqft$843.47
Built in2015
Property size888 sqft
Property typeResidential
Listed by Omar Ortiz CA DRE# 02056548 with My Realty Company, Inc. (805) 249-0131

Overview

Active

Listed Oct 15, 2026

Updated 11h ago

Nearly two acres of elevated Fallbrook Heights land with no HOA, no restrictions on yourvision, and a turnkey 2015-built cottage ready the day you close -- that is the opportunityat 5521 Rainbow Heights Rd. The 1.95-acre parcel sits in the Rainbow Heights corridor ofFallbrook, California's legendary avocado and citrus country, where acreage with thiscombination of usable land, modern construction, and zero HOA constraints is genuinely rare. The 888 sq ft single-family residence, built in 2015 and in nearly new condition, provides a clean, livable anchor while you plan what comes next -- whether that is anADU, an orchard, a hobby farm, outbuildings, or simply the privacy and elbow room that anear-two-acre elevated parcel delivers. The lot scale, the Fallbrook Heights topography,and the absence of HOA oversight are the story here; the move-in-ready cottage is thebonus. Gross rent estimate of approximately $3,716/month supports an investor or househack angle for a cash or portfolio-lender buyer. Cash buyers and land-savvybuyers with portfolio financing are best positioned. Verify all details independently.

$4,983/mo

Est. mortgage payment based on a $749,000 home price.

All estimates are provided by Luxury Presence for informational purposes only. Actual amounts may vary.

Additional information

MLS® ID
V1-39305

Interior Features

Bedrooms
1
Bathrooms
1
Cooling
Yes
Heating
Yes
Basement
No

Exterior Features

Lot Size
1.95 Acres

Other Property Details

View
Yes
55+/Senior Community
No
MLS provider logo

Listed by Omar Ortiz CA DRE# 02056548 with My Realty Company, Inc. (805) 249-0131

Based on information from the California Regional Multiple Listing Service (CRMLS) as of 10/16/2026. This information 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. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, the Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. Property locations as displayed on any map are best approximations only and exact locations should be independently verified. Any offer of compensation is made only to participants of the MLS where the listing is filed.

©2026 California Regional Multiple Listing Service (CRMLS) all rights reserved.

Data last updated on 10/16/2026 at 11:14 AM UTC Last Checked: 11:14 AM UTC

 

 

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