Listed by Blake Cory, eXp Realty of California, Inc., (951) 216-3319 . Bought with Mogul Real Estate
$235,000
Last sold price
5540 Rainbow Heights Rd, Fallbrook, CA 92028
Est. Refi. Payment $1,554/mo*
Refinance Your HomeCurrently Off Market - Sold Mar 17, 2026 for $235,000 (6% below list price)
Home Value
Learn more about this home's value by checking out the value of nearby homes and how much similar homes have sold for.
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 |
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0.35 | Lot/Land | $350,000 | 07/21/26 | - | - | ||
0.72 | Lot/Land | $175,000 | 07/16/26 | - | - | ||
0.58 | Lot/Land | $230,000 | 03/06/26 | - | - | ||
0.86 | Lot/Land | $520,000 | 12/30/25 | - | - | ||
1.13 | Lot/Land | $160,000 | 02/24/26 | - | - | ||
0.78 | Lot/Land | $910,000 | 05/06/26 | - | - | ||
1.93 | Lot/Land | $250,000 | 07/28/26 | - | - | ||
1.89 | Lot/Land | $185,000 | 11/17/25 | - | - |
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 |
|---|---|---|---|---|---|---|
0.07 | $1,106,700 | 3 | 3 | 2,515 | Off Market | |
0.07 | $962,400 | 3 | 3.5 | 2,000 | Off Market | |
0.08 | $714,700 | 1 | 1 | 888 | Off Market | |
0.15 | $650,000 | 3 | 2 | 1,400 | Recently Sold | |
0.27 | $890,000 | 3 | 3 | 1,900 | Recently Sold | |
0.30 | $879,000 | 3 | 2 | 1,506 | For Sale | |
0.32 | $1,011,000 | 4 | 3 | 2,117 | Off Market | |
0.34 | $984,200 | 5 | 3 | 2,130 | Off Market | |
0.35 | $350,000 | - | - | - | Recently Sold | |
0.41 | $1,060,000 | 3 | 2.5 | 2,400 | Recently Sold | |
0.46 | $750,000 | 4 | 2 | 1,920 | Recently Sold |
Local Information
-- mins to
Home Highlights
Lot/Land
2.33 acre lot
About this House
What's unique:Panoramic viewsBreathtaking pastoral viewsPeaceful rural livingNestled among custom homes
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!
5540 Rainbow Heights Rd, Fallbrook, CA 92028 is a lot/land. It last sold for $235,000 on Mar 17, 2026 (6% below the $249,990 asking price). This property is not currently displayed as for sale or rent on Trulia.
Home Details for 5540 Rainbow Heights Rd
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Appliances & Utilities Utilities: Water Connected |
View Has a ViewView: Mountain(s), Neighborhood |
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Frontage Not on Waterfront |
Surface & Elevation Elevation Units: Feet |
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Cumulative Days on Market: 350 |
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Property Type / Style Property Type: LandProperty Subtype: Unimproved Land |
Building Not a New ConstructionNo Additional Parcels |
Property Information Parcel Number: 1026306400 |
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Price List Price: $249,990 |
Status Change & Dates Off Market Date: Fri Feb 20 2026 |
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MLS Status: Closed |
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Direction & Address City: Fallbrook |
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Community Features: CurbsNot Senior Community |
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Association for this Listing: California Regional MLS |
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Lot Area: 2.33 Acres |
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Special Conditions: Standard |
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Listing Terms: Cash, Conventional, FHA, VA Loan |
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Mls Number: SW25043279Living Area Range Units: Square FeetAttribution Contact: 951-216-3319Activation Date: Fri Mar 07 2025Common Interest: NoneStart Showing Date: Fri Mar 07 2025Universal Property Id: US-06073-N-1026306400-R-N |
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CurbsSource Internet Entire Listing Display |
Price and Tax history
| Date | Event | Price |
|---|---|---|
Mar 17, 2026 Source: CRMLS #SW25043279 | Sold | $235,000 |
Mar 2, 2026 Source: CRMLS #SW25043279 | Pending | $249,990 |
Jan 13, 2026 Source: CRMLS #SW25043279 | PriceChange | $249,990 Price decreased by 0% |
Nov 20, 2025 Source: CRMLS #SW25043279 | PriceChange | $249,999 Price decreased by 6% |
Nov 7, 2025 Source: CRMLS #SW25043279 | PriceChange | $264,990 Price decreased by 0% |
Sep 19, 2025 Source: CRMLS #SW25043279 | PriceChange | $264,999 Price decreased by 4% |
Sep 12, 2025 Source: CRMLS #SW25043279 | PriceChange | $274,900 Price decreased by 0% |
Aug 14, 2025 Source: CRMLS #SW25043279 | PriceChange | $274,990 Price decreased by 0% |
Jul 21, 2025 Source: CRMLS #SW25043279 | PriceChange | $274,999 Price decreased by 8% |
May 24, 2025 Source: CRMLS #SW25043279 | PriceChange | $299,000 Price decreased by 0% |
May 13, 2025 Source: CRMLS #SW25043279 | PriceChange | $299,900 Price decreased by 0% |
May 1, 2025 Source: CRMLS #SW25043279 | PriceChange | $299,990 Price decreased by 0% |
Mar 7, 2025 Source: CRMLS #SW25043279 | Listed For Sale | $299,999 |
Apr 28, 2022 Source: N/A | Sold | $230,000 |
Dec 18, 2013 Source: N/A | Sold | $75,000 |
| Year | Property tax | Tax assessment |
|---|---|---|
| 2026 | Unavailable | $248,958 |
Home facts updated by county records
Market trends in Fallbrook
Last updated August 2026
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.
LGBTQ Local Legal Protections
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 02:58:55 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
Based on information from California Regional Multiple Listing Service, Inc. as of 2026-09-23 02:58:55 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 5540 Rainbow Heights Rd
- What is the price history for 5540 Rainbow Heights Rd?5540 Rainbow Heights Rd in Fallbrook, CA last sold for $235,000 in March 2026.
- 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.
- What do residents say about Fallbrook?Residents describe Fallbrook, CA as dog-friendly, easy to park in, and well-kept. Most residents say you need a car. See recently sold homes in Fallbrook, CA.