For sale

Listed by: Sunshine Properties RealEstate • Teresa Adams • Contact: 951-252-7821

$879,000

5741 Rainbow Heights Rd, Fallbrook, CA 92028

3beds

1,506sqft

$5,912/mo

Get pre-qualified

Single Family Residence

Built in 1974

3.09 Acres Lot

$866,200 Zestimate^®

$584/sqft

$-- HOA

What's special

Welcome to this peaceful paradise just a few minutes from the freeway. Recently remodeled, this home also has a newer roof, paid for solar with a generator, a well, and newer heating and air! 3.09 acres of basically flat land. Horses welcome. This three-bedroom, two-bath VIEW property offers so much more. With the remodel completed, there’s little to do inside, so let the fun begin on this acreage. Currently, the landscape consists of citrus, nut and fruit trees, and as a bonus has been developed as a FLOWER farm for the current owner’s floral business. With an amazing outside office/creative space, the vibes are amazing. Excellent areas for future guest house, corrals, a barn, literally whatever you dream of having. There is no HOA. Not far from 15 freeway as the property is not far up Rainbow Heights Rd. This home ticks all the boxes, hurry to come see it. Animal designator of L very flexible.

26 days
2,023
125

Likely to sell faster than

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 3
Bathrooms: 2
Full bathrooms: 2

Rooms

Room types: Basement, Kitchen, Living Room, Primary Bathroom

Bathroom

Features: Bathroom Exhaust Fan, Dual Sinks, Granite Counters, Linen Closet, Remodeled

Kitchen

Features: Granite Counters, Kitchen Island, Pots & Pan Drawers, Remodeled, Updated Kitchen, Walk-In Pantry

Heating

High Efficiency, Pellet Stove

Cooling

Central Air

Appliances

Included: Dishwasher, Disposal, Gas Oven, Gas Range, Ice Maker, Microwave, Self Cleaning Oven
Laundry: In Garage

Features

Balcony, Ceiling Fan(s), Granite Counters, Country Kitchen, Pantry
Flooring: Carpet, Laminate
Doors: ENERGY STAR Qualified Doors, Mirrored Closet Door(s), Sliding Doors
Windows: Double Pane Windows
Has basement: Yes
Has fireplace: Yes
Fireplace features: Pellet Stove
Common walls with other units/homes: No Common Walls

Interior area

Total interior livable area: 1,506 sqft

Video & virtual tour

Property

Parking

Total spaces: 7
Parking features: Asphalt, Door-Multi, Garage
Attached garage spaces: 2
Uncovered spaces: 5

Accessibility

Accessibility features: None

Features

Levels: One
Stories: 1
Entry location: front door
Patio & porch: Covered
Pool features: None
Fencing: Chain Link,Wood
Has view: Yes
View description: Hills

Lot

Size: 3.09 Acres
Features: 2-5 Units/Acre

Details

Parcel number: 1023621100
Zoning: A70
Special conditions: Standard
Horse amenities: Riding Trail

Construction

Type & style

Home type: SingleFamily
Architectural style: Custom
Property subtype: Single Family Residence

Materials

Foundation: Concrete Perimeter
Roof: Shingle

Condition

Repairs Cosmetic
Year built: 1974

Utilities & green energy

Electric: Electricity - On Property, 220 Volts in Garage, 220 Volts in Laundry
Sewer: Septic Tank
Utilities for property: Electricity Available, Propane

Community & HOA

Community

Features: Dog Park, Foothills, Hiking, Horse Trails, Rural

Location

Region: Fallbrook

Financial & listing details

Price per square foot: $584/sqft
Tax assessed value: $585,974
Date on market: 8/20/2026
Cumulative days on market: 26 days
Listing terms: Cash,Conventional,1031 Exchange,FHA,VA Loan
Road surface type: Paved

Estimated market value

$866,200

$823,000 - $910,000

$3,572/mo

Price history

Date	Event	Price
8/20/2026	Listed for sale	$879,000+70.7%$584/sqft
Source: CRMLS #NDP2607870 Report a problem
7/13/2018	Sold	$515,000-1.9%$342/sqft
Source: Public Record Report a problem
5/22/2018	Listed for sale	$525,000+64.1%$349/sqft
Source: Big Block Realty, Inc. #180027375 Report a problem
3/1/2018	Sold	$320,000+23.1%$212/sqft
Source: Public Record Report a problem
6/21/2017	Sold	$260,000-27.8%$173/sqft
Source: Public Record Report a problem
4/17/2008	Sold	$360,000-21.2%$239/sqft
Source: Public Record Report a problem
4/4/2007	Sold	$457,064-16.9%$303/sqft
Source: Public Record Report a problem
11/19/2004	Sold	$550,000$365/sqft
Source: Public Record Report a problem

Public tax history

Year	Property taxes	Tax assessment
2026	--	$585,974 +2%
2025	$5,977 +1.4%	$574,486 +2%
2024	$5,894 +1.2%	$563,223 +2%
2023	$5,824 +1.4%	$552,181 +2%
2022	$5,743 +2.7%	$541,355 +2%
2021	$5,593 -0.4%	$530,741 +1%
2020	$5,617 +4%	$525,300 +2%
2019	$5,401 +80.9%	$515,000 +83.6%
2018	$2,986 -32%	$280,500 -31.2%
2017	$4,393 +2.4%	$407,428 +2%
2016	$4,292 +10.7%	$399,440 +11%
2015	$3,876 +6%	$360,000 +5.9%
2014	$3,658	$340,000 +12.2%
2013	--	$303,000
2012	--	$303,000 -13.4%
2011	--	$350,000
2010	--	$350,000
2009	--	$350,000 -30%
2008	--	$499,800 -12.7%
2007	--	$572,220 +2%
2006	--	$561,000 +2%
2005	--	$550,000 +522.2%
2004	--	$88,395 +1.9%
2003	--	$86,776 +2%
2002	--	$85,076 +2%
2001	--	$83,409