Discover a rare opportunity to own 46.64 acres tucked away in one of Fallbrook’s most scenic and sought-after areas. Perched high above the surrounding landscape, this exceptional property offers breathtaking 360-degree panoramic views of the Rainbow Heights countryside and the mountains beyond, all complemented by refreshing afternoon breezes. Envision your dream estate atop a premier knoll-top homesite with existing infrastructure already in place. The property features a septic layout for a 3-bedroom home, a 1” water meter, and paved access from two sides. Utilities are readily available, including underground electric and phone along Mt. Olympus Valley Road, as well as overhead services along Rainbow Heights Road. Several fire hydrants are also nearby, adding convenience and peace of mind. This expansive parcel offers incredible versatility with three additional septic layouts on file and multiple potential building pads already roughed in—ideal for a multi-structure estate, family compound, or future development potential. Experience nature at its finest. Enjoy private trails, seasonal creeks, and abundant wildlife—including the majestic red-tailed hawk soaring overhead. The land is rich with natural beauty, featuring ancient oaks, striking boulder formations, rolling hillsides, and native vegetation including chaparral, manzanita, and seasonal wildflowers. A seasonal creek borders the eastern edge, while Gomez Creek meanders through the property, enhancing its serene, park-like setting. Located within the prestigious Mt. Olympus enclave, this community is known for its privacy, large estate parcels, and tranquil country lifestyle. Despite its secluded feel, the property is conveniently situated just 10 minutes to I-15, 15 minutes to both Fallbrook village and Temecula. Adding even more value, a 1,400-acre county park borders the property to the east, offering direct access via your own private road. Explore miles of hiking and horseback trails, historic cabins, and old mining sites—your own gateway to a hidden natural playground.
Lot/land
Listed by: Sunshine Properties RealEstate • Sergio Garcia • Contact: 760-672-8326
Price cut: $70K (9/9)
$399,900
0 Mount Olympus Valley Rd, Fallbrook, CA 92028
--beds
--baths
46.64Acres
Unimproved Land
Built in ----
46.64 Acres Lot
$-- Zestimate®
$--/sqft
$-- HOA
What's special
Rolling hillsidesSeasonal creeksAncient oaksStriking boulder formationsPrivate trailsRefreshing afternoon breezes
- 161 days
- 697
- 72
Zillow last checked:
Listing updated:
Listed by:
Sergio Garcia DRE #01418002 760-672-8326,
Sunshine Properties RealEstate,
Co-Listing Agent: Jenaro Ramirez DRE #02104296 760-696-8504,
Sunshine Properties RealEstate
Source: CRMLS,MLS#: NDP2603318
Originating MLS: California Regional MLS (North San Diego County & Pacific Southwest AORs)
Facts & features
Interior
Video & virtual tour
Property
Features
- Fencing: Vinyl
- Has view: Yes
- View description: Meadow, Mountain(s), Orchard, Panoramic, Rocks, Creek/Stream, Valley
- Has water view: Yes
- Water view: Creek/Stream
- Waterfront features: Creek, Stream
Lot
- Size: 46.64 Acres
- Features: Agricultural, Horse Property, Pasture, Percolate, Rolling Slope, Ranch, Rocks
Details
- Parcel number: 1094111900
- Zoning: A-70 - RL40
- Special conditions: Standard
- Horses can be raised: Yes
- Horse amenities: Riding Trail
Utilities & green energy
- Sewer: Perc Test On File
- Utilities for property: Cable Available, Electricity Available
Community & HOA
Community
- Features: Foothills, Hiking, Horse Trails, Mountainous, Rural, Valley
Location
- Region: Fallbrook
Financial & listing details
- Date on market: 4/7/2026
- Cumulative days on market: 161 days
- Listing terms: Cash,Conventional
Estimated market value
Not available
Estimated sales range
Not available
Not available
Price history
| Date | Event | Price |
|---|---|---|
| 9/9/2026 | Price change | $329,900-17.5% |
Source: | ||
| 6/15/2026 | Price change | $399,900-4.8% |
Source: | ||
| 4/7/2026 | Listed for sale | $419,900+68% |
Source: | ||
| 1/14/2021 | Listing removed | -- |
Source: | ||
| 12/16/2020 | Price change | $250,000-5.7% |
Source: Sunshine Properties RealEstate #180062136 Report a problem | ||
| 9/22/2020 | Listed for sale | $265,000 |
Source: Sunshine Properties RealEstate #180062136 Report a problem | ||
Public tax history
Tax history is unavailable.
Monthly payment
Climate risks
Neighborhood: 92028
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