5589 Rainbow Creek Rd, Fallbrook, CA 92028
FOR SALE
11.76 ACRES
Listed by Billy Long, Balboa Real Estate, Inc, (949) 247-8811

5589 Rainbow Creek Rd
Fallbrook, CA 92028

    $475,000

    Est. Mortgage $2,893/mo*
    Get Pre-Qualified

    $475,000

    Est. Mortgage $2,893/mo*
    Get Pre-Qualified
    (on 11.76 acres)

    Local Information

    Map showing home location
    © Google
    -- mins to
    Commute Destination

    Description

    Check out this dream property sitting on nearly 12-acres in Rainbow of Fallbrook. Property has electric and water. This property has panoramic views and is located just below the iconic white cross posted on top of the adjacent mountain. This land is ultra-private with two entrances featuring an existing RV that the seller might sell with the land but does include the covered parking structure. Current owner has set up multiple pads, primed for the construction of a garage, outbuilding, or a custom home. The land is ready for immediate use, it eagerly awaits a new owner to bring their dreams to life in the heart of Fallbrook’s serene landscape of Rainbow.

    Home Highlights

    Parking
    No Info
    Outdoor
    No Info
    HOA
    None
    Price/Sqft
    No Info
    Listed
    17 days ago

    Home Details for 5589 Rainbow Creek Rd

    Interior Features

    Gas & Electric
    Electric: Standard
    View
    Has a ViewView: Hills, Landmark, Mountain(s), Orchard, Panoramic, Rocks, Valley, Trees/Woods

    Exterior Features

    Frontage
    Not on Waterfront
    Farm & Range
    Allowed to Raise Horses
    Surface & Elevation
    Elevation Units: Feet

    Days on Market

    Cumulative Days on Market: 2Days on Market: 17

    Property Information

    Property Type / Style
    Property Type: LandProperty Subtype: Unimproved Land
    Building
    Not a New ConstructionNo Additional Parcels
    Property Information
    Parcel Number: 1093104700

    Price & Status

    Price
    List Price: $475,000

    Active Status

    MLS Status: Active

    Media

    Location

    Direction & Address
    City: FallbrookCommunity: Fallbrook

    Agent Information

    Listing Agent
    Listing ID: OC26102883

    Community

    Community Features: RuralNot Senior Community

    HOA

    Association for this Listing: California Regional MLSHOA Fee: No HOA Fee

    Lot Information

    Lot Area: 11.76 Acres

    Listing Info

    Special Conditions: Standard

    Offer

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

    Miscellaneous

    Mls Number: OC26102883Living Area Range Units: Square FeetAttribution Contact: 310-663-1177Common Interest: NoneUniversal Property Id: US-06073-N-1093104700-R-N

    Additional Information

    RuralSource Internet Entire Listing Display
    Last check for updates: about 4 hours ago
    Listing Provided by: Billy Long DRE #01982858, (310) 663-1177
    Balboa Real Estate, Inc
    Heidi Cabrera DRE #01922627
    Balboa Real Estate, Inc.
    Originating MLS: California Regional MLS
    Source: CRMLS, MLS#OC26102883
    Also Listed on CRMLS.

    Price History for 5589 Rainbow Creek Rd

    DatePriceEventSource
    05/12/2026$475,000Listed For SaleCRMLS #OC26102883
    12/31/2025$490,000ListingRemovedSDMLS #OC24173449
    06/23/2025$499,000PendingToActiveSDMLS #OC24173449
    02/07/2022$420,000ContingentCRMLS #OC21161165
    07/23/2021$420,000PriceChange
    CRMLS #OC21161165
    05/12/2021$400,000Listed For SaleN/A

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    Comparable Sales for 5589 Rainbow Creek Rd

    Address
    Distance
    Property Type
    Sold Price
    Sold Date
    Bed
    Bath
    Sqft
    Rainbow Peaks Trl #59, Fallbrook, CA
    0.48
    Lot/Land
    $160,000
    02/24/26
    -
    -
    5540 Rainbow Heights Rd, Fallbrook, CA
    0.97
    Lot/Land
    $235,000
    03/17/26
    -
    -
    1719 Rainbow Valley Blvd, Fallbrook, CA
    1.45
    Lot/Land
    $910,000
    05/06/26
    -
    -
    2233 Rainbow Valley Blvd #0, Fallbrook, CA
    0.96
    Lot/Land
    $230,000
    03/06/26
    -
    -
    1313 Rice Canyon Rd, Fallbrook, CA
    1.82
    Lot/Land
    $520,000
    12/30/25
    -
    -
    2477 Lookout Mountain Rd #1025710200, Fallbrook, CA
    1.99
    Lot/Land
    $500,000
    03/24/26
    -
    -
    9932 Gomez Creek Rd, Fallbrook, CA
    2.48
    Lot/Land
    $185,000
    11/17/25
    -
    -
    Tierra Nuevo Rd, Fallbrook, CA
    3.10
    Lot/Land
    $375,000
    07/07/25
    -
    -
    Alex Rd, Fallbrook, CA
    3.24
    Lot/Land
    $175,000
    03/06/26
    -
    -

    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 5589 Rainbow Creek 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

    Billy Long, Balboa Real Estate, Inc
    Agent Phone: (310) 663-1177
    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 2026-02-09 09:51:42 PST 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
    5589 Rainbow Creek Rd, Fallbrook, CA 92028 is a lot/land. This property is currently available for sale and was listed by CRMLS on May 12, 2026. The MLS # for this home is MLS# OC26102883.