5589 Rainbow Creek Road, Fallbrook, CA 92028
Property
Sold March 2022
Listing Agent: Emmett Dalton (DRE #00959147) · Listing Office: Dalton Real Estate · Contact: 805-380-6132 · Bought with: Evangelina Uriostegui · Sunshine Properties RealEstate · MLS #OC21161165 · Source: CRMLS
How this sale compares
5589 Rainbow Creek Road sold for $350,000 in March 2022, 17% under its $420,000 list price, after 199 days on the market. Across 355 closed sales in 92028 over the last 12 months, the median sold price is $850,000 and the median is $418 per square foot.
| Quarter | Closed sales in 92028 | Median sold price |
|---|---|---|
| Q1 2026 | 28 | $842,000 |
| Q2 2026 | 175 | $850,000 |
| Q3 2026 | 147 | $838,000 |
| Q4 2026 | 5 | $1,155,000 |
Figures are MLS-reported closed sales (CRMLS); ZIP medians cover the last 12 months. Nalren does not estimate values. Recently sold in Fallbrook · Homes for sale in 92028
Description
This is a beautiful 11.76 acre parcel located behind Hines Nursery off Rainbow Blvd. on Rainbow Creek Rd. Property has water and power to 3 separate pads. There is a home pad up high on hillside with a view of the ocean (If not overcast).Septic was approved at one time and may be still on file. Land can also be used and certified for organic farming. On one end of the property, there is a large (approx. 30 x 50) metal carport/shed. There is also a greenhouse that has been taken down but could easily be re-erected if desired.
Listing description from the March 2022 sale, as reported to CRMLS.
Sale history
Recent sales near 5589 Rainbow Creek Road
1991 Via Ladera: Sold $1,200,000 · 3 bd · 3 ba · 2,498 sqft · Aug 2026 · 0.9 mi
Realty Masters & Associates, I | DRE #01323190
Buyer's agent: Adam Sparks, Realty Masters & Associates, I | DRE #013231905434 Rainbow Heights Road: Sold $890,000 · 3 bd · 3 ba · 1,900 sqft · Aug 2026 · 1.1 mi
6051 Rainbow Heights: Sold $745,000 · 2 bd · 2 ba · 1,260 sqft · Sep 2026 · 2.2 mi
Allison James Estates & Homes | DRE #01503949
Buyer's agent: Jackie Vela, Mogul Real Estate | DRE #02221774750 Stewart Canyon: Sold $880,000 · 5 bd · 4 ba · 4,228 sqft · Sep 2026 · 3.2 mi
First Team Real Estate | DRE #01390985
Buyer's agent: Frances Sullivan, First Team Real Estate | DRE #013909852970 El Coyote Run: Sold $1,280,000 · 3 bd · 2 ba · 2,000 sqft · Sep 2026 · 3.8 mi
3577 Stonegate Pl: Sold $1,500,000 · 5 bd · 7 ba · 5,388 sqft · Aug 2026 · 4.0 mi
Coldwell Banker Village Prop | DRE #01140954
Buyer's agent: Hillary Brown, Maxximum Realty Inc | DRE #021516693909 Reche Road 127: Sold $280,000 · 3 bd · 2 ba · 1,701 sqft · Sep 2026 · 4.5 mi
Capitis Real Estate | DRE #01921896
Buyer's agent: Destry Johnson, BHHS Ranch & Coast Real Estate | DRE #01136700Hawks View Way: Sold $410,000 · Aug 2026 · 4.5 mi
Closed sales reported in 92028, nearest first, last 12 months. All recent sales in Fallbrook →