Request More Info
Schedule a Showing
Share
Print
According to the listing agent, this listing is a bank owned (foreclosed) property. |
Nearly two acres of elevated Fallbrook Heights land with no HOA, no restrictions on yourvision, and a turnkey 2015-built cottage ready the day you close -- that is the opportunityat 5521 Rainbow Heights Rd. The 1.95-acre parcel sits in the Rainbow Heights corridor ofFallbrook, California's legendary avocado and citrus country, where acreage with thiscombination of usable land, modern construction, and zero HOA constraints is genuinely rare. The 888 sq ft single-family residence, built in 2015 and in nearly new condition, provides a clean, livable anchor while you plan what comes next -- whether that is anADU, an orchard, a hobby farm, outbuildings, or simply the privacy and elbow room that anear-two-acre elevated parcel delivers. The lot scale, the Fallbrook Heights topography,and the absence of HOA oversight are the story here; the move-in-ready cottage is thebonus. Gross rent estimate of approximately $3,716/month supports an investor or househack angle for a cash or portfolio-lender buyer. Cash buyers and land-savvybuyers with portfolio financing are best positioned. Verify all details independently.
Property Type(s):
Single Family
| Last Updated | 10/15/2026 | Year Built | 2015 |
|---|---|---|---|
| Community | 92028 - Fallbrook | County | San Diego |
SCHOOLS
| Elementary School | Fallbrook |
|---|
Additional Details
| AIR | Central Air |
|---|---|
| AIR CONDITIONING | Yes |
| APPLIANCES | Dishwasher, Electric Range, Gas Range, Microwave, Refrigerator, Tankless Water Heater |
| AREA | 92028 - Fallbrook |
| HEAT | Propane |
| INTERIOR | Ceiling Fan(s), Crown Molding, Open Floorplan, Walk-In Closet(s) |
| LOT | 1.95 acre(s) |
| LOT DIMENSIONS | 1.95 |
| PARKING | Asphalt, Driveway |
| POOL DESCRIPTION | None |
| SEWER | Septic Tank |
| STORIES | 1 |
| VIEW | Yes |
| VIEW DESCRIPTION | Canyon, Hills, Mountain(s), Ocean, Panoramic, Trees/Woods |
| WATER | Public |
Location
Contact us about this Property
| / | |
| We respect your online privacy and will never spam you. By submitting this form with your telephone number you are consenting for Carie Webber to contact you even if your name is on a Federal or State "Do not call List". | |
Listed with My Realty Company, Inc.
The information being provided by Conejo Simi Moorpark Association of REALTORS® (“CSMAR”) is for the visitor's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. Any information relating to a property referenced on this web site comes from the Internet Data Exchange (“IDX”) program of CSMAR. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. Any information relating to a property, regardless of source, including but not limited to square footages and lot sizes, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. The data contained herein is copyrighted by CSMAR and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.
This IDX solution is (c) Diverse Solutions 2026.
Twitter
Facebook
Email