5589 Rainbow Creek Rd, Fallbrook, CA — $475,000

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About this home

Exceptional opportunity to own nearly 12 acres in the scenic hills of Rainbow. This expansive parcel offers sweeping valley and mountain views, along with existing water and electric service. Multiple graded building sites are already in place, providing flexibility for a custom residence, manufactured home, detached shop, barn, or additional structures. Whether you re looking to create a private ranch, agricultural retreat, or weekend getaway, this property is ready for your vision. Located among established nurseries and rural estates, you ll enjoy the peace of country living while remaining just a short drive from Interstate 15. With abundant space for RVs, equipment, trailers, and recreational vehicles, the possibilities are truly endless.

🏠 HomeFax

Public-record history for this property.

🌊 Flood zoneX / Low/Medium Risk

🏷 Last sold$75,000 · Feb 2018

📋 Assessed value$378,850

💵 Annual tax$4,206

🏫 School districtFallbrook Union High School District

MLS #NDP2606912

🔥 Risk & insurability

🔥 Fire hazard zoneVery High

🌊 FEMA flood zoneZone X — minimal/moderate flood risk

FEMA National Flood Hazard Layer · CAL FIRE 2024 FHSZ

🧮 Affordability calculator

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Estimated total monthly payment

$2,976

Principal & interest$2,402

Property tax$435

Home insurance$139

Down payment: $95,000Loan: $380,000

Estimates only — not a loan offer. Actual rates, taxes, and insurance vary. Talk with your agent and a lender for exact figures.