5450 Rainbow Heights Rd, Fallbrook, CA 92028
OFF MARKET
Listed by Debra Osborne, Radius Agent Realty, (949) 257-8354 . Bought with eXp Realty of California, Inc

$1,011,000

Trulia Estimate
  • 4 Beds
  • 3 Baths
  • 2,117 sqft (on 0.80 acres)

5450 Rainbow Heights Rd, Fallbrook, CA 92028

Est. Refi. Payment $6,393/mo*
Refinance Your Home
Currently Off Market - Sold Oct 16, 2023 for $943,000

Home Value

Trulia Estimate
$1.01M
Since last month
Decreased$15K (-1.4%)
Since last year
Increased$12K (+1.2%)
Since last sale
Increased$71K (+7.5%)
Learn more about this home's value by checking out its Trulia Estimate, the value of nearby homes, and how much similar homes have sold for.

Trulia Estimate

The of this home's value increased by +128% in the last 10 years
MonthEstimated value
2026
September 2026$1.01M
August 2026$1.03M
July 2026$1.03M
June 2026$1.04M
May 2026$1.04M
April 2026$1.03M
March 2026$1.04M
February 2026$1.03M
January 2026$995K
2025
2024
2023
2022
2021
2020
2019
2018
2017
2016

Comparable sales

These are recently sold homes that have a similar location or other similar features to this home, like bedrooms, bathrooms, and square footage. Get a sense of the expected prices in the area by viewing these homes.
Address
Distance
Property Type
Sold Price
Sold Date
Bed
Bath
Sqft
2005-07 Camino Rainbow, Fallbrook, CA
0.14
Single-Family Home
$750,000
06/12/26
4
2
1,920
5434 Rainbow Heights Rd, Fallbrook, CA
0.08
Single-Family Home
$890,000
08/31/26
3
3
1,900
5505 Rainbow Heights Rd, Fallbrook, CA
0.17
Single-Family Home
$650,000
09/01/26
3
2
1,400
1810 Via Ladera, Fallbrook, CA
0.70
Single-Family Home
$1,060,000
04/24/26
3
2.5
2,400
1029 Rainbow Valley Ct, Fallbrook, CA
1.15
Single-Family Home
$1,100,000
12/03/25
4
3
1,792
1991 Via Ladera, Fallbrook, CA
0.76
Single-Family Home
$1,200,000
08/28/26
3
3
2,498
2362 Huffstatler St, Fallbrook, CA
0.68
Single-Family Home
$725,000
06/29/26
4
4
4,581
6472 Rainbow Heights Rd, Fallbrook, CA
1.08
Single-Family Home
$895,000
12/08/25
4
2
1,477
6490 Rainbow Heights Rd, Fallbrook, CA
1.00
Single-Family Home
$1,250,000
02/06/26
3
3
2,900

Nearby home prices

Get a sense of expected prices in the area by checking the value of nearby homes.
Address
Distance
Price
Bed
Bath
Sqft
Status
2039 Rice Canyon Rd #41, Fallbrook, CA 92028
0.06
$984,200
5
3
2,130
Off Market
5434 Rainbow Heights Rd, Fallbrook, CA 92028
0.08
$890,000
3
3
1,900
Recently Sold
2005-07 Camino Rainbow, Fallbrook, CA 92028
0.14
$750,000
4
2
1,920
Recently Sold
5505 Rainbow Heights Rd, Fallbrook, CA 92028
0.17
$650,000
3
2
1,400
Recently Sold
5532 Rainbow Heights Rd, Fallbrook, CA 92028
0.25
$962,400
3
3.5
2,000
Off Market
2205 Rainbow Valley Blvd, Fallbrook, CA 92028
0.27
-
-
-
-
Off Market
5534 Rainbow Heights Rd, Fallbrook, CA 92028
0.27
$1,101,900
3
3
2,515
Off Market
5521 Rainbow Heights Rd, Fallbrook, CA 92028
0.29
$714,700
1
1
888
Off Market
5540 Rainbow Heights Rd, Fallbrook, CA 92028
0.32
$235,000
-
-
-
Recently Sold
2233 Rainbow Valley Blvd #0, Fallbrook, CA 92028
0.35
$230,000
-
-
-
Recently Sold
1832 Camino Rainbow, Fallbrook, CA 92028
0.33
$1,045,000
3
2.5
2,820
For Sale

Local Information

  • Map ViewExplore the area around 5450 Rainbow Heights Rd.
  • Schools1 Elementary School1 Middle School1 High School
  • Shop & Eat
-- mins to
Commute Destination

Home Highlights

Single-Family Home
Built in 1984
0.8 acre lot
2,117 sqft
$478/sqft
Garage

About this House

What's unique:Pole barnMother-in-law quartersElectrical panelStylish barn doorCraft roomMultigenerational space
So many options with this tastefully remodeled property on just over 3/4 of an acre! Boasting 4 bedrooms w/ an optional 5th bedroom and 3 full bathrooms. The lower level has a separate entrance, kitchenette, 2 large rooms and a bathroom and can be used so many ways, such as a mother-in-law quarters, multigenerational space, bonus room, craft room, play/game room, man cave, family room or get creative! Upstairs is the main living space featuring an open floor plan starting in the living room w/ new custom built-in bookshelves on either side of the fireplace opening to a gorgeous kitchen w/ beautiful cabinets, custom backsplash, quartz counters, a large island, and stainless steel appliances. The adjoining dining room looks out onto a new custom-built 20' x 20' composite deck with tension cables and built-in floor lights with access from 3 different sets of stairs! You'll enjoy relaxing, entertaining, or drinking your morning coffee on this deck. It's a great way to start and end your day! Just down the hall off the main living area, you'll find 3 bedrooms and 2 bathrooms. You'll love the large primary bedroom and walk-in closet, but wait until you enter the en suite bath through a stylish barn door to enjoy an oversized shower and dual sinks. The following is new or newer in the last 6 - 24 months: faux wood blinds throughout, deck, flooring, dual-pane windows, roof, plumbing, electrical & lighting fixtures, ceiling fans, HVAC, electrical panel, and whole house generator. Step outside and be amazed at how much space you have on this just over 3/4 acre lot where you can build a pool, raise some animals, build a shop, ADU, or pole barn, or use for RV parking. The detached 2-car garage has a custom automatic garage door and extra storage overhead and there is ample parking in the two paved driveways. Living here offers residents a suburban rural mix feel in this unincorporated area of Fallbrook known as Rainbow.
5450 Rainbow Heights Rd, Fallbrook, CA 92028 is a 4 bedroom, 3 bathroom, 2,117 sqft single-family home built in 1984. It last sold for $943,000 on Oct 16, 2023 (1% below the $948,000 asking price). This property is not currently displayed as for sale or rent on Trulia. The Trulia Estimate is $1,011,000, with a rent estimate of $4,320/month.

Home Details for 5450 Rainbow Heights Rd

Interior Features

Interior Details
Number of Rooms: 8Types of Rooms: Master Bedroom, Master Bathroom, Bonus Room, Entry Foyer, Kitchen, Laundry, Living Room, Other
Beds & Baths
Number of Bedrooms: 4Main Level Bedrooms: 1Number of Bathrooms: 3Number of Bathrooms (full): 3Number of Bathrooms (main level): 1
Dimensions and Layout
Living Area: 2117 Square Feet
Appliances & Utilities
Appliances: Dryer, WasherDryerLaundry: Gas Dryer Hookup,Inside,Laundry RoomWasher
Heating & Cooling
Heating: CentralHas CoolingAir Conditioning: Central AirHas HeatingHeating Fuel: Central
Fireplace & Spa
Fireplace: Living RoomHas a Fireplace
Windows, Doors, Floors & Walls
Common Walls: No Common Walls
Levels, Entrance, & Accessibility
Stories: 2Number of Stories: 2Levels: TwoEntry Location: 1
View
Has a ViewView: Trees/Woods

Exterior Features

Exterior Home Features
No Private Pool
Parking & Garage
Number of Garage Spaces: 2Number of Covered Spaces: 2Has a GarageNo Attached GarageParking Spaces: 2Parking: Garage
Pool
Pool: None
Frontage
Not on Waterfront
Water & Sewer
Sewer: Septic Type Unknown
Surface & Elevation
Elevation Units: Feet

Days on Market

Cumulative Days on Market: 41

Property Information

Year Built
Year Built: 1984
Property Type / Style
Property Type: ResidentialProperty Subtype: Single Family ResidenceStructure Type: HouseArchitecture: House
Building
Not a New ConstructionNot Attached PropertyNo Additional Parcels
Property Information
Parcel Number: 1026301400

Price & Status

Price
List Price: $948,000
Status Change & Dates
Off Market Date: Sun Sep 24 2023

Active Status

MLS Status: Closed

Media

Location

Direction & Address
City: RainbowCommunity: Fallbrook
School Information
High School District: Fallbrook Union

Community

Community Features: RuralNot Senior Community

HOA

Association for this Listing: California Regional MLS

Lot Information

Lot Area: 0.80 acres

Listing Info

Special Conditions: Standard

Offer

Listing Terms: Cash, Cash to New Loan, Conventional, FHA, VA Loan

Miscellaneous

Mls Number: OC23150891Living Area Range Units: Square FeetCommon Interest: NoneUniversal Property Id: US-06073-N-1026301400-R-N

Additional Information

Rural

Price and Tax history

DateEventPrice
Oct 16, 2023
Source: CRMLS #OC23150891
Sold
$943,000
Oct 16, 2023
Source: CRMLS #OC23150891
Pending
$948,000
Sep 29, 2023
Source: CRMLS #OC23150891
Contingent
$948,000
Aug 14, 2023
Source: CRMLS #OC23150891
Listed For Sale
$948,000
Aug 27, 2021
Source: SDMLS #210018302
Sold
$775,000

Market trends in Fallbrook

Last updated August 2026
Buyer'sMarketSeller'sMarket
Avg. sale price
$865K
$24.58KMoM
Sale-to-List Price
100.0%
Price per sq ft
$432
$6MoM
Available listings
233
12MoM

Around this home

What Locals Say about Fallbrook

At least 232 Trulia users voted on each feature.

  • 83 % Say car is needed

  • 81 % Say it's dog friendly

  • 79 % Say parking is easy

  • 77 % Say there's holiday spirit

  • 73 % Say yards are well-kept

  • 67 % Say it's quiet

  • 63 % Say there's wildlife

  • 59 % Say neighbors are friendly

  • 58 % Say people would walk alone at night

  • 54 % Say they plan to stay for at least 5 years

  • 53 % Say kids play outside

  • 46 % Say there are sidewalks

  • 43 % Say it's walkable to grocery stores

  • 41 % Say it's walkable to restaurants

  • 39 % Say there are community events

  • 33 % Say streets are well-lit

Sourced by Trulia users. Learn more about our methodology.
  • 8d4sbsmkv2
    "The Avacado Festival is an event that makes our neighborhood special because we gather to buy different things such as food, clothes, walk in family, and hang out and meet new people."
    0
    Flag
  • Fallbrookusa
    "Church’s, Avocado festival. Christmas Parade, small town feel with good restaurants a town supported by military."
    0
    Flag
  • Sunshine.ecorinne
    "We don’t have many events in my neighborhood but everyone is very kind. Then neighborhood is very relaxed and Fallbrook in general is a tight community "
    0
    Flag
  • Richelle Stephens
    "Small town feel without living far from civilization. People are generally nice and are active in the community. Sometimes I wish there was more kid friendly activities but we still find fun. "
    0
    Flag
  • Bren.nunez
    "Friendly neighborhood. Quiet neighborhood. Great place to live as a transition to a house. Condos are quiet. "
    9
    Flag
  • Trulia User
    "Quiet and clean. Feels good to come he to friendly neighbors and love that outdoorsy feel. "
    0
    Flag
  • Daveandmonique
    "Avocado Festival, summer nights, fall hoedown and Christmas Parade are some area specific seasonal events in Fallbrook.events"
    3
    Flag
  • Moy R.
    "Small streets can’t handle amount of cars in the roads every single day of the week. It is very annoying to drive around this town even during the week. "
    0
    Flag
  • Jordis F.
    "Quaint rural community with friendly folk. Fallbrook has unique topography and lots of trees, and nice outdoor activities."
    0
    Flag
  • Eric
    "The commute is longer than where I lived previously but that was a trade off for other things the area had to offer"
    1
    Flag
  • Jordis F.
    "I work remotely but close access to the 15 and 76. About ten minutes to the 15 and 76, and 30 minutes to the 5"
    3
    Flag
  • Harnackeb
    "I’ve lived in this super quiet neighborhood for seven years with an amazing view and amazing friendly neighbors who always look out after another. Great community!"
    7
    Flag
  • Stephanie R.
    "Not a lot of walking areas in my neighborhood but some parks and community areas are available which is nice "
    0
    Flag
  • Rodrigo G.
    "I bought a new house at Horse Creek Ridge last year, and I love it. really nice and save neighborhood with lots of parks, walking trails and an sport park. "
    0
    Flag
  • Jordis F.
    "We have a number of Halloween events that are safe and fun for the kids. We also have other annual events like the Avocado Festival and Art Faire."
    1
    Flag
  • William R.
    "People decorate their homes for holidays. Neighborhood still developing and should bring future events."
    0
    Flag
  • Kristin K.
    "That we are all very friendly and we all help each other out when it is needed. Can’t ask for better neighbors "
    0
    Flag
  • Sonja S.
    "People are very friendly. It’s such a tranquil place to live. Central to everything with a small town feel. Love it "
    0
    Flag
  • Nancy C.
    "I see people walking with their dogs all the time. I see people exercising and going to public events. I like Fallbrook's vibe. "
    5
    Flag
  • Pcrazyfeet
    " I no loner if I did, I would be going north in the morning against traffic, so it would be 15-20 commute"
    0
    Flag
  • B1ack
    "That everyone tries to keep pets safe. If a dog gets out, most try to find the owners. There is also a community app to post information so everyone knows what’s going on around us."
    3
    Flag
  • Pcrazyfeet
    "Very rural. No public transportation. No malls, just a couple of markets. Nice restaurants. No hospital"
    1
    Flag
  • Gonza190
    "Small town. Everyone knows when you fart. Gossip girl kinda town. Schools suck, fact check me on this one. It’s true schools suck look at scores "
    5
    Flag
  • Funkyones
    "Rural area & lots of country to spread out‼️‼️ Nice homes & small town atmosphere👍👍 Lots of GREAT SCHOOLS & Football on Fridays night is the place to be.. Stay in Fallbrook to shop or travel a half an hour on Freeway North or South (City Trip) & find what ur looking for.. "
    1
    Flag
  • Jesus P.
    "Friendly small town. Not topical or California. Lots of vegetation compared to the surrounding cities. Country living feeling, with lots of ranch style homes."
    0
    Flag
  • Tyhawthorne6
    "There’s no yard in the apartments by the gate to get on base so you you have to take your dog somewhere to Poo but it’s a lovely area "
    1
    Flag
  • Kpaintermeyers
    "Convenient to the 15 freeway, short commute to Camp Pendleton. Easy option to take the old hwy 395 when the 15 backs up at commute time. "
    1
    Flag
  • Jolene
    "I moved here 2 years ago and it is my new home. Private and friendly. Family oriented with a lot of community events."
    0
    Flag
  • Brittanygraves10
    "Unsafe, unkept, no local police. Only Sheriff. A lot of unkept areas and a lot of burglaries at homes."
    3
    Flag
  • J
    "It is a great neighborhood, close to parks, and schools. The culture is unique with art shows, and festivals in the summer."
    0
    Flag
  • Fmom411
    "Great small town community near very large metros. Close enough to big box stores but also quaint with everything needed in town. People that love her, LOVE living here so pride in the town is high. Great restaurants! "
    3
    Flag
  • Dawn
    "no off leash areas are a point of contention. no off leash allowed, but some do anyway and create tension. need dog park area for them. "
    0
    Flag

LGBTQ Local Legal Protections

The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.
Based on information from California Regional Multiple Listing Service, Inc. as of 2026-09-23 10:31:33 PDT and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information

Frequently asked questions about 5450 Rainbow Heights Rd

  • What is 5450 Rainbow Heights Rd estimated to be worth?
    Trulia's estimated value for 5450 Rainbow Heights Rd in Fallbrook, CA is $1,011,000.
  • What is the price history for 5450 Rainbow Heights Rd?
    5450 Rainbow Heights Rd in Fallbrook, CA last sold for $943,000 in October 2023.
  • Is Fallbrook a buyer's or seller's market?
    Fallbrook is currently a seller's market, based on recent for-sale activity.
  • What's the median sale price in Fallbrook?
    The median sale price in Fallbrook is $865K. That is up $24.58K from the prior month.
  • Does 5450 Rainbow Heights Rd have air conditioning?
    Yes, 5450 Rainbow Heights Rd in Fallbrook, CA has air conditioning.
  • Does 5450 Rainbow Heights Rd have laundry facilities?
    Yes, 5450 Rainbow Heights Rd in Fallbrook, CA has in-unit laundry.

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Off Market Homes Near 5450 Rainbow Heights Rd

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