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$490,000

  • For Sale
  • Active
  • Lots/Land
  • 11.76 Acres
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5589 Rainbow Creek Road, Fallbrook, CAVideo Tour of 5589 Rainbow Creek Road, Fallbrook, CA.
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.

Full Property Details for 5589 Rainbow Creek Rd

General

  • Price: $490,000
  • Status: Active
  • Type: Lots/Land
  • Source: MRMLS
  • MLS ID: OC24173449
  • Updated: 1/2/2026
  • Days on Market: 511 days
  • Added to Site: 513 day(s) ago

Location

  • Area: 92028 - Fallbrook
  • County: San Diego
  • Development Name: 92028 - Fallbrook
  • Subdivision: Fallbrook
  • Driving Directions: Old 395 to Rainbow Creek.. will be located on the left side of the road. Two entrances one before low water bridge
  • Dist. to Beach: 1 (Miles)

Utilities

  • Water: Public
  • Dist. to Water: 1

Lot Features

  • Property View: Hills, Landmark, Mountain(s), Orchard, Panoramic, Rocks, See Remarks, Trees/Woods, Valley
  • Lot Size (Acres): 11.76
  • Lot Size (Sq. Ft.): 512,266
  • Lot Size Source: Assessor
  • Zoning: A70
  • Lot Description: Rural

Financial Considerations

  • Price Per Sq. Ft.: $.96

Listed by Balboa Real Estate, Inc, Billy Long and Balboa Real Estate, Inc., Heidi Cabrera

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Listing agents

— 5589 Rainbow Creek Rd —

  • Billy Long

    Balboa Real Estate, Inc

  • Heidi Cabrera

    Balboa Real Estate, Inc.

310-663-1177

Get Pre-Approved Today

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Schools serving 5589 Rainbow Creek Rd

School Districts:Vallecitos Elementary School District, Fallbrook Union High School District
NameGradesDistance
Vallecitos Elementary School
5211 Fifth St., Rainbow, CA 92028
PK-81 mi
Fallbrook High School
2400 South Stage Coach Lane, Fallbrook, CA 92028
9-128 mi
Disclaimer: School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 5589 Rainbow Creek Rd Get Price Alerts and Save Property

Date
Details
Price
Change
Source
9/03/2025
Price Reduced
$490,000
-1.8%
MLS
11/13/2024
Price Reduced
$499,000
-0.2%
MLS
9/26/2024
Price Increased
$500,000
0.2%
MLS
9/05/2024
Price Reduced
$499,000
-0.2%
MLS
8/21/2024
Listed
$500,000
42.86%
MLS
2/08/2022
Sold
$350,000
—
Public Record
Get Price Alerts and Save Property
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Tax History for 5589 Rainbow Creek Rd

Year
Property Taxes
Change
Tax Assessment
Change
2025
$4,206
—
$371,422
4%
2023
$4,191
218%
$357,000
310%
2022
$1,317
2%
$87,025
2%
2021
$1,293
—
$85,319
1%
2020
$1,295
2%
$84,445
2%
2019
$1,272
2%
$82,790
2%
2018
$1,250
1%
$81,167
2%
2017
$1,233
1%
$79,576
2%
2016
$1,215
1%
$78,016
2%
2015
$1,202
2%
$76,845
2%
2014
$1,184
1%
$75,340
—
2013
$1,177
—
$75,000
—
View All
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 for 5589 Rainbow Creek Rd

$
Down Payment
%
$
%

$
$

*These costs are estimates, and the interest rates assume exceptional credit standing.

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Listed by Balboa Real Estate, Inc, Billy Long and Balboa Real Estate, Inc., Heidi Cabrera

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5589 Rainbow Creek Road, Fallbrook, CA 92028 (MLS# OC24173449) is a Lots/Land property with a lot size of 11.7600 acres. 5589 Rainbow Creek Road is currently listed for $490,000 and was received on August 21, 2024. Want to learn more about 5589 Rainbow Creek Road? Do you have questions about finding other Lots/Land real estate for sale in Fallbrook? You can browse all Fallbrook real estate or contact a Coldwell Banker agent to request more information.

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