5505 Rainbow Heights Rd, Fallbrook, CA 92028
Property image
Property image
FOR SALE
NEW
OPEN SAT, 11-1PM
3D VIEW
1.53 ACRES
Listed by AJ Maloney, Daniel Team Realty, (760) 533-8326

5505 Rainbow Heights Rd
Fallbrook, CA 92028

  • 3 Beds
  • 2 Baths
  • 1,400 sqft (on 1.53 acres)

$650,000

Est. Mortgage $3,999/mo*
Get Pre-Qualified

$650,000

Est. Mortgage $3,999/mo*
Get Pre-Qualified
3 Beds
2 Baths
1,400 sqft
(on 1.53 acres)

Home Highlights

Parking
Garage
HOA
None
Price/Sqft
$464
Listed
1 day ago

Local Information

  • Map ViewExplore the area around 5505 Rainbow Heights Rd.
  • Schools1 Elementary School1 Middle School1 High School
  • Shop & Eat
-- mins to
Commute Destination

About this House

INVESTOR'S DREAM on over 1.5 acres! Available for the first time ever, this 3 bedroom/2 bathroom home sits tucked away on a rare, expansive lot with beautiful mountain views! The detached barn offers generous storage for vehicles or equipment, with a huge upstairs space that presents ADU potential for passive income. Plenty of flat land leaves room for RV parking, animals, storage, or whatever the vision calls for! Located in the Fallbrook Unified School District and just a few miles off the 15 freeway, the property balances privacy with easy access. Opportunities like this rarely come to market. Unincorporated San Diego County!

Open House

Saturday, August 01
11:00 AM to 1:00 PM

Home Details for 5505 Rainbow Heights Rd

Interior Features

Interior Details
Number of Rooms: 3Types of Rooms: Bedroom, Kitchen, Living Room
Beds & Baths
Number of Bedrooms: 3Main Level Bedrooms: 1Number of Bathrooms: 2Number of Bathrooms (full): 2Number of Bathrooms (main level): 1
Dimensions and Layout
Living Area: 1400 Square Feet
Appliances & Utilities
Appliances: Electric Range, Refrigerator, Dryer, WasherDryerLaundry: OutsideRefrigeratorWasher
Heating & Cooling
No CoolingAir Conditioning: NoneNo Heating
Fireplace & Spa
Fireplace: Dining RoomHas a FireplaceNo Spa
Windows, Doors, Floors & Walls
Flooring: Carpet, LaminateCommon Walls: No Common Walls
Levels, Entrance, & Accessibility
Stories: 2Number of Stories: 2Levels: TwoEntry Location: Front DoorFloors: Carpet, Laminate
View
Has a ViewView: Mountain(s)

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 Tank

Days on Market

Days on Market: 1

Property Information

Year Built
Year Built: 1979
Property Type / Style
Property Type: ResidentialProperty Subtype: Single Family Residence
Building
Not Attached Property
Property Information
Parcel Number: 1026306900

Price & Status

Price
List Price: $650,000Price Per Sqft: $464

Active Status

MLS Status: Active

Media

Location

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

Agent Information

Listing Agent
Listing ID: NDP2607141

Community

Community Features: RuralNot Senior CommunityUnits in Building: 1

HOA

Association for this Listing: California Regional MLS (North San Diego County & Pacific Southwest AORs)HOA Fee: No HOA Fee

Lot Information

Lot Area: 1.53 Acres

Listing Info

Special Conditions: Standard

Offer

Listing Terms: Cash, Conventional

Miscellaneous

Mls Number: NDP2607141Living Area Range Units: Square FeetAttribution Contact: aj@danielteamrealty.comUniversal Property Id: US-06073-N-1026306900-R-N

Additional Information

RuralSource Internet Entire Listing Display
Last check for updates: about 3 hours ago
Listing Provided by: AJ Maloney DRE #02078295
Daniel Team Realty
Daniel Maloney DRE #00744558, (760) 533-8326
Daniel Team Realty
Originating MLS: California Regional MLS (North San Diego County & Pacific Southwest AORs)
Source: CRMLS, MLS#NDP2607141
Also Listed on CRMLS.

Market trends in Fallbrook

Last updated June 2026
Buyer'sMarketSeller'sMarket
Avg. sale price
$885K
$7.33KMoM
Sale-to-List Price
99.6%
Price per sq ft
$424
$3MoM
Available listings
251
24MoM

Price History for 5505 Rainbow Heights Rd

DatePriceEventSource
07/29/2026$650,000Listed For SaleCRMLS #NDP2607141

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Property Tax and Assessment

Year2025
Tax$2,290
Assessment$215,932
Home facts updated by county records

Comparable Sales for 5505 Rainbow Heights Rd

Address
Distance
Property Type
Sold Price
Sold Date
Bed
Bath
Sqft
2005-07 Camino Rainbow, Fallbrook, CA
0.31
Single-Family Home
$750,000
06/12/26
4
2
1,920
1810 Via Ladera, Fallbrook, CA
0.54
Single-Family Home
$1,060,000
04/24/26
3
2.5
2,400
6472 Rainbow Heights Rd, Fallbrook, CA
0.91
Single-Family Home
$895,000
12/08/25
4
2
1,477
979 Canyon Heights Rd, Fallbrook, CA
0.79
Single-Family Home
$1,018,000
09/12/25
3
2.5
2,165
6490 Rainbow Heights Rd, Fallbrook, CA
0.84
Single-Family Home
$1,250,000
02/06/26
3
3
2,900
1029 Rainbow Valley Ct, Fallbrook, CA
1.30
Single-Family Home
$1,100,000
12/03/25
4
3
1,792
1078 Rainbow Crest Rd, Fallbrook, CA
1.43
Single-Family Home
$1,145,000
02/02/26
2
2
1,967
2362 Huffstatler St, Fallbrook, CA
0.83
Single-Family Home
$725,000
06/29/26
4
4
4,581
4323 Rainbow Vista Dr, Fallbrook, CA
1.59
Single-Family Home
$1,015,000
05/13/26
4
3
1,895

Nearby homes

Get a sense of prices in the area by checking nearby homes.
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Assigned Schools

These are the assigned schools for 5505 Rainbow Heights Rd.
View nearby schools on GreatSchools
The GreatSchools Rating compares schools on a variety of school quality indicators including test scores, college readiness, equity and more. Learn more.

What Locals Say about Fallbrook

At least 231 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

AJ Maloney, Daniel Team Realty
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 2026-07-29 00:58:51 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
5505 Rainbow Heights Rd, Fallbrook, CA 92028 is a 3 bedroom, 2 bathroom, 1,400 sqft single-family home built in 1979. This property is currently available for sale and was listed by CRMLS on Jul 29, 2026. The MLS # for this home is MLS# NDP2607141.