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For sale
    • Listed by: LPT Realty • Frank Cortes
    Price cut: $15K (7/17)
    $905,000

    5434 Rainbow Heights Rd, Fallbrook, CA 92028

    3beds
    1,900sqft
    : 
    $5,912/mo
    Get pre-qualified
    Single Family Residence
    Built in 1989
    2.02 Acres Lot
    $894,500 Zestimate®
    $476/sqft
    $-- HOA

    What's special

    Set up appointment to view this home! Perfect opportunity for space, privacy and an awesome house! Enjoy the daily breezes from over 2 acres of your own land conveniently located to 15fwy, Fallbrrok and Temecula! Single story 1900 sq ft 3 bd 3, 3 car garage + carport and xtra storage room. Updated kitchen has walk-in pantry and is open to living room. 2nd master has own full bath and entrance. It is on opposite side of other bedrooms for privacy. Master suite has large walk-in closet, dual sinks, walk-in shower, soaking tub and exit to backyard. Solar makes running the AC affordable! Pens for your animals and large shed for feed and supplies are included. Plenty of room for ADU, toys, workshop and parking. Many mature macadamia nut trees on property require little water. Come see this property today! You'll love it!
    29 days
    |
    2,260
    |
    124
    |

    Likely to sell faster than

    Zillow last checked:

    Listing updated:

    Listed by:

    Frank Cortes DRE #01380173 760-583-8044,

    LPT Realty

    Source: CRMLS,MLS#: NDP2606364MLS LogoOriginating MLS: California Regional MLS (North San Diego County & Pacific Southwest AORs)

      Facts & features

      Interior

      Bedrooms & bathrooms
      • Bedrooms: 3
      • Bathrooms: 3
      • Full bathrooms: 3
      • Main level bathrooms: 3
      • Main level bedrooms: 3
      Rooms
      • Room types: Bedroom, Kitchen, Laundry, Living Room, Primary Bedroom, Other, Pantry
      Primary bedroom
      • Features: Multiple Primary Suites
      Primary bedroom
      • Features: Main Level Primary
      Primary bedroom
      • Features: Primary Suite
      Bedroom
      • Features: All Bedrooms Down
      Bathroom
      • Features: Bathtub, Dual Sinks, Granite Counters, Remodeled, Soaking Tub, Walk-In Shower
      Kitchen
      • Features: Granite Counters, Remodeled, Updated Kitchen, Walk-In Pantry
      Other
      • Features: Walk-In Closet(s)
      Pantry
      • Features: Walk-In Pantry
      Cooling
      • Central Air
      Appliances
      • Laundry: Laundry Room
      Features
      • All Bedrooms Down, Main Level Primary, Multiple Primary Suites, Primary Suite, Walk-In Pantry, Walk-In Closet(s)
      • Has fireplace: Yes
      • Fireplace features: Living Room
      • Common walls with other units/homes: No Common Walls
      Interior area
      • Total interior livable area: 1,900 sqft
      Video & virtual tour

      Property

      Parking
      • Total spaces: 13
      • Parking features: Garage - Attached
      • Attached garage spaces: 3
      • Uncovered spaces: 10
      Accessibility
      • Accessibility features: No Stairs, Accessible Doors, Accessible Hallway(s)
      Features
      • Levels: One
      • Stories: 1
      • Entry location: Main
      • Pool features: None
      • Has view: Yes
      • View description: Hills
      Lot
      • Size: 2.02 Acres
      • Features: 2-5 Units/Acre, Agricultural, Orchard(s), Trees
      Details
      • Parcel number: 1026307300
      • Zoning: R-1:SINGLE FAM-RES
      • Special conditions: Standard

      Construction

      Type & style
      • Home type: SingleFamily
      • Property subtype: Single Family Residence
      Materials
      • Roof: Spanish Tile
      Condition
      • Year built: 1989

      Utilities & green energy

      • Sewer: Septic Tank

      Community & HOA

      Community
      • Features: Foothills, Hiking, Rural
      Location
      • Region: Fallbrook

      Financial & listing details

      • Price per square foot: $476/sqft
      • Tax assessed value: $681,928
      • Annual tax amount: $5,324
      • Date on market: 7/3/2026
      • Cumulative days on market: 29 days
      • Listing terms: Conventional,VA Loan

        Estimated market value

        $894,500

        $850,000 - $939,000

        $4,289/mo

        Price history

        DateEventPrice
        7/17/2026Price change$905,000-1.6%$476/sqft
        Source: CRMLS #NDP2606364 Report a problem
        7/10/2026Price change$920,000-1.6%$484/sqft
        Source: CRMLS #NDP2606364 Report a problem
        7/3/2026Listed for sale$935,000+48.4%$492/sqft
        Source: CRMLS #NDP2606364 Report a problem
        11/23/2020Sold$630,000+0.8%$332/sqft
        Source: Public Record Report a problem
        9/29/2020Pending sale$625,000$329/sqft
        Source: Equity CA Real Estate #NDP2000067 Report a problem
        9/23/2020Listed for sale$625,000+33.3%$329/sqft
        Source: Equity CA Real Estate #NDP2000067 Report a problem
        11/17/2015Sold$469,000$247/sqft
        Source: Public Record Report a problem

        Public tax history

        YearProperty taxesTax assessment
        2025$5,324 +1.2%$681,928 +2%
        2024$5,263 +1.4%$668,558 +2%
        2023$5,191 -0.2%$655,450 +2%
        2022$5,201 +2.8%$642,599 +2%
        2021$5,060 -6.3%$630,000 +24.1%
        2020$5,398 +3.4%$507,658 +2%
        2019$5,220 +0.2%$497,705 +2%
        2018$5,208 +2%$487,947 +2%
        2017$5,105 +6.6%$478,380 +6.3%
        2016$4,787 +0.1%$450,000
        2015$4,784 +9.9%$450,000 +9.8%
        2014$4,355 $410,000 +19.2%
        2013-- $344,000
        2012-- $344,000 -11.8%
        2011-- $390,000 -2.5%
        2010-- $400,000 -11.1%
        2009-- $450,000 +147.5%
        2008-- $181,794 +2%
        2007-- $178,230 +2%
        2006-- $174,736 +2%
        2005-- $171,310 +2%
        2004-- $167,952 +1.9%
        2003-- $164,875 +2%
        2002-- $161,644 +2%
        2001-- $158,476
        Find assessor info on the county website

        Monthly payment

        Est. payment

        Payment breakdown

        Explore the cost of this home by adjusting the details. Changes won't be saved.
        All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
        HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
        Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
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        Climate risks

        Neighborhood: 92028

        Getting around

        10 / 100
        Car-Dependent
        15 / 100
        Somewhat Bikeable

        Nearby schools

        GreatSchools rating

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