Date
Details
Price
Change
Source
7/29/2026
Listed
$650,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
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$650,000 Just Listed
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Property Description
INVESTOR'S DREAM on over 1.5 acres in highly sought-after Rainbow! 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. Set in the quiet, rural charm of Rainbow, this lot offers plenty of flat land, leaving room for RV parking, animals, storage, or whatever the vision calls for! Located in the Fallbrook Union School District for High School (and Vallecitos School district for Elementary) 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!
Full Property Details
Full Property Details for 5505 Rainbow Heights Rd
General
- Price: $650,000
- Status: Active
- Type: Single Family
- Source: MRMLS
- MLS ID: NDP2607141
- Updated: 8/1/2026
- Days on Market: 4 days
- Added to Site: 4 day(s) ago
Interior
- Rooms/Areas: Kitchen, Living Room, Main Floor Bedroom
- Fireplace: Yes
- Fireplace(s): Dining Room
- Appliances: Refrigerator, Electric Range
- Flooring: Carpet, Laminate
Rooms
Bathrooms
- Total Bathrooms: 2
- Full Bathrooms: 2
Bedrooms
- Total Bedrooms: 3
Other Rooms
- Laundry: Outside, Washer Included, Dryer Included
Additional Information
- Pool Description: None
Parking
- Garage: Yes
- Garage Spaces: 2
Location
- County: San Diego
- Driving Directions: Heading north on Old HWY 395, turn right onto Rainbow Valley Blvd, continue onto 8th Street, turn right onto Rice Canyon Rd, then turn left onto Rainbow Heights Rd, property is on the righthand side.
School Information
- School District: Fallbrook Union
- Elementary School: VLOELE
Community
- Community Features: Rural
Heating & Cooling
- Cooling Type: None
Utilities
- Sewer: Conventional Septic
Structural Information
- Structure Type: Single Family Residence
- Common Walls: No Common Walls
- Entry Location: Front Door
- Stories/Levels: Two
- Stories Description: Two
- Square Feet: 1,400
- Year Built: 1979
- Year Built Source: Assessor
Unit Information
- Units in Complex: 1
Lot Features
- Property View: Mountain(s)
- Lot Size (Acres): 1.53
- Lot Size (Sq. Ft.): 66,646
- Lot Size Source: Assessor
- Zoning: SR-4
- Lot Description: Agricultural
Financial Considerations
- Price Per Sq. Ft.: $464.29
Disclosures and Reports
- Special Conditions: Standard
Listed by Daniel Team Realty, AJ Maloney and Daniel Team Realty, Daniel Maloney
We Value Your Privacy
We Value Your Privacy
We Value Your Privacy
Listing agents
— 5505 Rainbow Heights Rd —
AJ Maloney
Daniel Team Realty
Daniel Maloney
Daniel Team Realty
aj@danielteamrealty.com
NMLS#: 1598647Get Pre-Approved Today
Schools
Schools serving 5505 Rainbow Heights Rd
School Districts:Vallecitos Elementary School District, Fallbrook Union High School District
| Name | Grades | Distance |
|---|---|---|
Vallecitos Elementary School 5211 Fifth St., Rainbow, CA 92028 | PK-8 | 0.5 mi |
Fallbrook High School 2400 South Stage Coach Lane, Fallbrook, CA 92028 | 9-12 | 7.1 mi |
Disclaimer:
School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 5505 Rainbow Heights Rd
Tax History
Tax History for 5505 Rainbow Heights Rd
Year
Property Taxes
Change
Tax Assessment
Change
2025
$2,290
—
$284,933
32%
2025
$2,290
4%
$215,932
4%
2023
$2,208
1%
$207,549
2%
2022
$2,177
3%
$203,480
2%
2021
$2,121
—
$199,491
1%
2020
$2,130
2%
$197,447
2%
2019
$2,090
2%
$193,577
2%
2018
$2,056
2%
$189,783
2%
2017
$2,015
2%
$186,062
2%
2016
$1,968
2%
$182,414
2%
2015
$1,938
2%
$179,675
2%
2014
$1,897
1%
$176,157
—
2013
$1,882
—
$175,362
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 5505 Rainbow Heights Rd
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- Single Family
- Active
- Updated 4 hours ago
- 3Beds
- 2Total Baths
- 1,235Sq. Ft.
- Single Family
- Active
- Updated 1 day ago
- 3Beds
- 2Total Baths
- 1,429Sq. Ft.
- Single Family
- Active
- Updated 17 hours ago
- 3Beds
- 2Total Baths
- 1,454Sq. Ft.
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- Single Family
- Active
- Updated 8 hours ago
- 4Beds
- 4Total Baths
- 4,000Sq. Ft.
- Single Family
- Active
- Updated 1 day ago
- 4Beds
- 5Total Baths
- 4,843Sq. Ft.
- Condo
- Active
- Updated 17 hours ago
- 2Beds
- 2Total Baths
- 1,050Sq. Ft.
- Single Family
- Active
- Updated 5 days ago
- 3Beds
- 3Total Baths
- 2,130Sq. Ft.
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- Single Family
- Active
- Updated 8 hours ago
- 4Beds
- 4Total Baths
- 4,000Sq. Ft.
- Single Family
- Active
- Updated 17 hours ago
- 8Beds
- 7Total Baths
- 4,562Sq. Ft.
- Single Family
- Active
- Updated 7 hours ago
- 7Beds
- 5Total Baths
- 4,121Sq. Ft.
- Single Family
- Active
- Updated 2 days ago
- 5Beds
- 4Total Baths
- 3,717Sq. Ft.
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5505 Rainbow Heights Road, Fallbrook, CA 92028 (MLS# NDP2607141) is a Single Family property with 3 bedrooms and 2 full bathrooms. 5505 Rainbow Heights Road is currently listed for $650,000 and was received on July 29, 2026. Want to learn more about 5505 Rainbow Heights Road? Do you have questions about finding other Single Family real estate for sale in Fallbrook? You can browse all Fallbrook real estate or contact a Coldwell Banker agent to request more information.