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$475,000

5589 Rainbow Creek Road

Fallbrook, CA 92028

Active

San Diego

County

Land

Property Type

About this home

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.

Listed by Billy Long · DRE #01982858 · Balboa Real Estate, Inc

MLS #1159874513

ListedMay 11, 2026

Property Details

Architecture

StoriesN/A

StyleN/A

Total UnitsN/A

RoofN/A

Garage SpacesN/A

PoolN/A

SpaN/A

Features & Amenities

Interior FeaturesN/A

Exterior FeaturesN/A

FlooringN/A

CoolingN/A

HeatingN/A

FireplaceN/A

LaundryN/A

Parking FeaturesN/A

Parking TotalN/A

Patio & PorchN/A

Entry LevelN/A

Entry LocationN/A

Common WallsN/A

Property Features

Lot Size11.76 ac

Lot FeaturesAgricultural, Corner Lot, Horse Property, Level, Rocks, Yard

ViewHills, Landmark, Mountains, Orchard, Panoramic, Rocks, Valley, Trees Woods

DirectionsOld 395 to Rainbow Creek.. will be located on the left side of the road. Two entrances one before low water bridge

Community

Area92028 - Fallbrook

School DistrictN/A

Tax & Financial

TermsCash, Cash To New Loan, Conventional, FHA, Submit

Land LeaseNo

HOA NameN/A

HOA FeeN/A

Request a Tour

Mortgage Estimate

$2,528/mo

20% down · 7% APR · 30-yr fixed

Purchase PriceDown Payment: 20%Interest Rate: 7%

Estimate only. Does not include taxes, insurance, or HOA.

Last updated: October 21, 2026 at 4:15 PM

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