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Back 5505 Rainbow Heights Road
Off Market

5505 Rainbow Heights Road

Fallbrook CA 92028

3
2
2
1400 sq. ft.
66646 sq. ft.
Single-Family
Last sold for $650,000
Alyssa MaloneyAlyssa Maloney, last sold this property on 01 September 2026 after 33 days on market.

Overview

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!

Features

3 bedrooms
2 bathrooms
2 carspaces
2 garage spaces
1400 sq. ft. floor area
66646 sq. ft. lot size
Single-Family

Estimated Value

Based on this property and similar 3 bedroom single-family properties sold in Fallbrook over the last 12 months, the estimated median property value of 5505 Rainbow Heights Road is $845k.

Median value
$845k
Estimated value range
$525k - $1.95m
Median days on market
26
Estimated value trend
4%
increase over the last 12 months
Average days on market is based on recent, comparable sales in Fallbrook. It is only an indication of the time a property is actively listed and should not be relied upon as an accurate representation of how soon a property will be sold.

Property history for 5505 Rainbow Heights Road

2026
Sold
$650,000
01 Sep 2026 by Alyssa Maloney, of Daniel Team Realty

Happy sellers in Fallbrook

90%
90% of sellers in Fallbrook reported that their sale price either exceeded or met their price expectations.

Fallbrook stands out for consistently delivering exceptional satisfaction and strong market results for homeowners.

This is based on voluntary sentiment collected from 22 reviews in Fallbrook over the last 12 months.

Local market activity for 3 bedroom single-family properties in Fallbrook

In the last 12 months, 226 three-bedroom single-family properties similar to 5505 Rainbow Heights Road, have been sold.

This represents a 17% increase in three-bedroom single-family properties sales when compared to the previous 12 months.

Nearby agents

Compare and contact these top performing agents who’ve delivered exception customer service for their clients in Fallbrook

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Janice Carver

Sellers who recommend Janice Carver have praised them for being local expert

  •   5   (8 reviews)
  •  4 Reviews in Fallbrook
  •  14 Sales in Fallbrook
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Annie Van Peter

Annie Van Peter is a recommended agent for Fallbrook.  They have 4 local sales and collected 3 local reviews across the last 12 months.

  •   5   (33 reviews)
  •  3 Reviews in Fallbrook
  •  4 Sales in Fallbrook
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Erica Williams

Erica Williams is a recommended agent for Fallbrook.  They have 3 local sales and collected 2 local reviews across the last 12 months.

  •   5   (11 reviews)
  •  2 Reviews in Fallbrook
  •  3 Sales in Fallbrook
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Matthew Sorensen

Sellers who recommend Matthew Sorensen have praised them for being clear communication, well-prepared, and great negotiation

  •   5   (39 reviews)
  •  2 Reviews in Fallbrook
  •  1 Sale in Fallbrook
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