5532 Rainbow Heights Rd, Fallbrook, CA 92028
OFF MARKET
Listed by Ronald Brookshire, The Property Place, (619) 354-0040 . Bought with Real Estate People

5532 Rainbow Heights Rd
Fallbrook, CA 92028

  • 3 Beds
  • 3.5 Baths
  • 2,000 sqft (on 1.98 acres)

$979,900

Trulia Estimate
as of Aug 19, 2026
Est. Refi. Payment $5,980/mo*
Refinance Your Home

$979,900

Trulia Estimate
as of Aug 19, 2026
Est. Refi. Payment $5,980/mo*
Refinance Your Home
3 Beds
3.5 Baths
2,000 sqft
(on 1.98 acres)

Home Value

Trulia Estimate
$980K
Since last month
Decreased$4K (-0.4%)
Since last year
Increased$8K (+0.8%)
Since last sale
Increased$336K (+51.6%)
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 +19% in the last 10 years
MonthEstimated value
2026
August 2026$986K
July 2026$990K
June 2026$1.01M
May 2026$1.01M
April 2026$1.01M
March 2026$1.01M
February 2026$980K
January 2026$937K
2025
2024
2023
2022

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
1810 Via Ladera, Fallbrook, CA
0.48
Single-Family Home
$1,060,000
04/24/26
3
2.5
2,400
2005-07 Camino Rainbow, Fallbrook, CA
0.39
Single-Family Home
$750,000
06/12/26
4
2
1,920
6490 Rainbow Heights Rd, Fallbrook, CA
0.79
Single-Family Home
$1,250,000
02/06/26
3
3
2,900
6472 Rainbow Heights Rd, Fallbrook, CA
0.85
Single-Family Home
$895,000
12/08/25
4
2
1,477
979 Canyon Heights Rd, Fallbrook, CA
0.87
Single-Family Home
$1,018,000
09/12/25
3
2.5
2,165
2362 Huffstatler St, Fallbrook, CA
0.88
Single-Family Home
$725,000
06/29/26
4
4
4,581
1029 Rainbow Valley Ct, Fallbrook, CA
1.38
Single-Family Home
$1,100,000
12/03/25
4
3
1,792
1078 Rainbow Crest Rd, Fallbrook, CA
1.42
Single-Family Home
$1,145,000
02/02/26
2
2
1,967
6455 Rainbow Heights Rd, Fallbrook, CA
1.18
Single-Family Home
$951,000
10/22/25
4
3.5
4,027

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
5534 Rainbow Heights Rd, Fallbrook, CA 92028
0.07
$1,116,400
3
3
2,515
Off Market
5540 Rainbow Heights Rd, Fallbrook, CA 92028
0.07
$235,000
-
-
-
Recently Sold
5521 Rainbow Heights Rd, Fallbrook, CA 92028
0.10
$723,200
1
1
888
Off Market
5450 Rainbow Heights Rd, Fallbrook, CA 92028
0.25
$1,029,800
4
3
2,117
Off Market
2039 Rice Canyon Rd #41, Fallbrook, CA 92028
0.26
$981,400
5
3
2,130
Off Market
2005-07 Camino Rainbow, Fallbrook, CA 92028
0.39
$750,000
4
2
1,920
Recently Sold
2205 Rainbow Valley Blvd, Fallbrook, CA 92028
0.41
-
-
-
-
Off Market
5347 5th St, Fallbrook, CA 92028
0.46
$1,034,100
3
2
2,041
Off Market
Via Ladera, Fallbrook, CA 92028
0.42
$350,000
-
-
-
Recently Sold
2233 Rainbow Valley Blvd #0, Fallbrook, CA 92028
0.51
$230,000
-
-
-
Recently Sold
1810 Via Ladera, Fallbrook, CA 92028
0.48
$1,060,000
3
2.5
2,400
Recently Sold

Local Information

  • Map ViewExplore the area around 5532 Rainbow Heights Rd.
  • Schools1 Elementary School1 Middle School1 High School
  • Shop & Eat
-- mins to
Commute Destination

Home Highlights

Property Type
Single-Family Home
Year Built
1972
Lot Size
1.98 acres
Living Area
2,000 sqft
Price/Sqft
$490
Parking
4 Parking Spaces
HOA
None

About this House

Opportunity knocks with this two on one with panoramic views. Almost 2 full acres and fully fenced, there is plenty of room for your imagination. This fixer requires cash or a motivated 203k buyer – get a rehab loan and construct this home the way you want! This is a huge opportunity for someone to live in one home and rent out the other, alleviating some of the cost of ownership. The main home is two stories. The entrance features a generous living space with open concept kitchen, living room, dining area, and a half bath. Downstairs offers dual primary suites with attached bathrooms. Both levels offer incredible views. Balconies need full remodel, which should be covered through a rehab loan. Right next door is another two-story home. Enjoy the floor plan as-is or you could turn this into a 2 bedroom it’s up to you.
5532 Rainbow Heights Rd, Fallbrook, CA 92028 is a 3 bedroom, 4 bathroom, 2,000 sqft single-family home built in 1972. It last sold for the $649,999 asking price on May 3, 2024. It is currently off market. The Trulia Estimate is $979,900, with a rent estimate of $4,060/month.

Home Details for 5532 Rainbow Heights Rd

Interior Features

Interior Details
Number of Rooms: 4Types of Rooms: Family Room, Laundry, Living Room, Other
Beds & Baths
Number of Bedrooms: 3Number of Bathrooms: 4Number of Bathrooms (full): 3Number of Bathrooms (half): 1Number of Bathrooms (main level): 1
Dimensions and Layout
Living Area: 2000 Square Feet
Appliances & Utilities
Appliances: Dishwasher, Electric Range, Gas Range, RefrigeratorDishwasherLaundry: Laundry RoomRefrigerator
Heating & Cooling
No CoolingAir Conditioning: NoneNo Heating
Fireplace & Spa
Fireplace: Family RoomHas a FireplaceNo Spa
Windows, Doors, Floors & Walls
Common Walls: No Common Walls
Levels, Entrance, & Accessibility
Stories: 2Number of Stories: 2Levels: TwoEntry Location: 2
View
Has a ViewView: Meadow, Mountain(s), Panoramic

Exterior Features

Exterior Home Features
No Private Pool
Parking & Garage
Open Parking Spaces: 4No GarageNo Attached GarageParking Spaces: 4
Pool
Pool: None
Frontage
Not on Waterfront

Property Information

Year Built
Year Built: 1972
Property Type / Style
Property Type: ResidentialProperty Subtype: Single Family ResidenceStructure Type: HouseArchitecture: House
Building
Not Attached Property
Property Information
Parcel Number: 1026306200

Price & Status

Price
List Price: $649,999
Status Change & Dates
Off Market Date: Thu Apr 18 2024

Active Status

MLS Status: Closed

Location

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

Community

Community Features: RuralNot Senior CommunityUnits in Building: 2

HOA

Association for this Listing: California Regional MLS (North San Diego County & Pacific Southwest AORs)

Lot Information

Lot Area: 1.98 Acres

Listing Info

Special Conditions: Standard

Offer

Contingencies: NONEListing Terms: Cash, FHA 203(k)

Miscellaneous

Mls Number: PTP2401702Living Area Range Units: Square FeetAttribution Contact: ron@ronbrookshire.comBack On Market Date: Mon Apr 01 2024Universal Property Id: US-06073-N-1026306200-R-N

Additional Information

Rural

Price and Tax history

DateEventPrice
May 3, 2024
Source: CRMLS #PTP2401702
Sold
$650,000
Apr 3, 2024
Source: CRMLS #PTP2401702
Pending
$649,999
Apr 1, 2024
Source: CRMLS #PTP2401702
PendingToActive
$649,999
Mar 28, 2024
Source: CRMLS #PTP2401702
Pending
$649,999
Mar 27, 2024
Source: CRMLS #PTP2401702
Listed For Sale
$649,999

Market trends in Fallbrook

Last updated July 2026
Buyer'sMarketSeller'sMarket
Avg. sale price
$840K
$45KMoM
Sale-to-List Price
100.0%
0.4%MoM
Price per sq ft
$426
$2MoM
Available listings
244
7MoM

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 2026-08-18 13:31:31 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 5532 Rainbow Heights Rd

  • What is 5532 Rainbow Heights Rd estimated to be worth?
    Trulia's estimated value for 5532 Rainbow Heights Rd in Fallbrook, CA is $979,900.
  • What is the price history for 5532 Rainbow Heights Rd?
    5532 Rainbow Heights Rd in Fallbrook, CA last sold for $650,000 in May 2024.
  • Is Fallbrook a buyer's or seller's market?
    Fallbrook is currently a balanced market, based on recent for-sale activity.
  • What's the median sale price in Fallbrook?
    The median sale price in Fallbrook is $840K. That is down $45K from the prior month.
  • Does 5532 Rainbow Heights Rd have laundry facilities?
    Yes, 5532 Rainbow Heights Rd in Fallbrook, CA has laundry facilities.
  • How big is the lot at 5532 Rainbow Heights Rd?
    The lot at 5532 Rainbow Heights Rd in Fallbrook, CA is about 2 acres.

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Off Market Homes Near 5532 Rainbow Heights Rd

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