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Shawn Bengtson

Office Broker - DRE 01236964

  • Office 760-805-7199
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5540 Rainbow Heights Road, Fallbrook – $264,999

  • $265k Price
  • 2.33 Acres
  • 200 DOM
  • $265k Price
  • 2.33 Acres
  • 200 DOM

5540 Rainbow Heights Road

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!

Essential Information

  • MLS® #SW25043279
  • Price$264,999
  • Bathrooms0.00
  • Acres2.33
  • TypeLand
  • StatusActive

Community Information

  • Address5540 Rainbow Heights Road
  • Area92028 - Fallbrook
  • CityFallbrook
  • CountySan Diego
  • Zip Code92028

Amenities

  • UtilitiesWater Connected
  • ViewMountain(s), Neighborhood

Additional Information

  • Date ListedFebruary 19th, 2025
  • Days on Market200
  • ZoningA70

Listing Details

  • AgentBlake Cory
  • OfficeeXp Realty of California, Inc.
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Price Change History for 5540 Rainbow Heights Road, Fallbrook, (MLS® #SW25043279)

Date Details Change
Price Reduced from $274,900 to $264,999 $9,901 (3.60%)
Price Reduced from $274,990 to $274,900 $90 (0.03%)
Price Reduced from $274,999 to $274,990 $9 (0.00%)
Price Reduced from $299,000 to $274,999 $24,001 (8.03%)
Price Reduced from $299,900 to $299,000 $900 (0.30%)
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Blake Cory, eXp Realty of California, Inc..

Based on information from California Regional Multiple Listing Service, Inc. as of September 23rd, 2025 at 6:26am PDT. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.