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Sold for $235,000
    • Listed by: eXp Realty of California, Inc. • Blake Cory • Contact: 888-832-7179
    Bought with: Mogul Real Estate
    $235,000

    5540 Rainbow Heights Rd, Fallbrook, CA 92028

    --beds
    --baths
    2.33Acres
    Unimproved Land
    Built in ----
    2.33 Acres Lot
    $-- Zestimate®
    $--/sqft
    $3,183 Estimated rent

    Home value

    Not available

    Estimated sales range

    Not available

    $3,183/mo

    Zestimate® history
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    What's special

    Panoramic viewsBreathtaking pastoral viewsPeaceful rural livingNestled among custom homes
    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!

    Zillow last checked:

    Listing updated:

    Listed by:

    Blake Cory DRE #01781649 951-216-3319,

    eXp Realty of California, Inc.,

    Bridget Sisco DRE #01866045,

    eXp Realty of California, Inc.

    Bought with:

    Elizabeth Lopez, DRE #02127365

    Mogul Real Estate

    Source: CRMLS,MLS#: SW25043279MLS LogoOriginating MLS: California Regional MLS

    Facts & features

    Property

    Features
    • Has view: Yes
    • View description: Mountain(s), Neighborhood
    Lot
    • Size: 2.33 Acres
    Details
    • Parcel number: 1026306400
    • Zoning: A70
    • Special conditions: Standard

    Utilities & green energy

    • Water: Public
    • Utilities for property: Water Connected

    Community & HOA

    Community
    • Features: Curbs
    Location
    • Region: Fallbrook

    Financial & listing details

    • Tax assessed value: $244,077
    • Annual tax amount: $2,589
    • Date on market: 3/7/2025
    • Cumulative days on market: 350 days
    • Listing terms: Cash,Conventional,FHA,VA Loan

    Price history

    DateEventPrice
    3/17/2026Sold$235,000-6%
    Source: CRMLS #SW25043279 Report a problem
    3/2/2026Pending sale$249,990
    Source: CRMLS #SW25043279 Report a problem
    1/13/2026Price change$249,9900%
    Source: CRMLS #SW25043279 Report a problem
    11/20/2025Price change$249,999-5.7%
    Source: CRMLS #SW25043279 Report a problem
    11/7/2025Price change$264,9900%
    Source: CRMLS #SW25043279 Report a problem
    9/19/2025Price change$264,999-3.6%
    Source: CRMLS #SW25043279 Report a problem
    9/12/2025Price change$274,9000%
    Source: CRMLS #SW25043279 Report a problem
    8/14/2025Price change$274,9900%
    Source: CRMLS #SW25043279 Report a problem
    7/21/2025Price change$274,999-8%
    Source: CRMLS #SW25043279 Report a problem
    5/24/2025Price change$299,000-0.3%
    Source: CRMLS #SW25043279 Report a problem
    5/13/2025Price change$299,9000%
    Source: CRMLS #SW25043279 Report a problem
    5/1/2025Price change$299,9900%
    Source: CRMLS #SW25043279 Report a problem
    3/7/2025Listed for sale$299,999+30.4%
    Source: CRMLS #SW25043279 Report a problem
    4/28/2022Sold$230,000+206.7%
    Source: Public Record Report a problem
    12/18/2013Sold$75,000
    Source: Public Record Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2025$2,589 +0.8%$244,077 +2%
    2024$2,567 +2.4%$239,292 +2%
    2023$2,507 +156%$234,600 +171.2%
    2022$979 +2.5%$86,518 +2%
    2021$955 -0.4%$84,822 +1%
    2020$959 +11.1%$83,953 +2%
    2019$863 -7%$82,307 +2%
    2018$928 +1.9%$80,694 +2%
    2017$911 -20.5%$79,112 +2%
    2016$1,145 +30.4%$77,561 +1.5%
    2015$878 +2%$76,396 +2%
    2014$861 $74,900
    Find assessor info on the county website

    Neighborhood: 92028

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