5540 Rainbow Heights Road, Fallbrook, CA 92028

About this property

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!

Listing description from the March 2026 sale, as reported to CRMLS.

Sale history

$235,000

Sold March 2026 · listed $249,990, orig. $274,999, on market February 2025 · MLS #SW25043279 · Source: CRMLS

Listing Agent: Blake Cory · Listing Office: eXp Realty of California, Inc. · Contact: 951-216-3319 · Bought with: Elizabeth Lopez · Mogul Real Estate

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