5589 Rainbow Creek Road
1 / 20

5589 Rainbow Creek Road

Bdirt

Fallbrook, CA 92028

$475,000

Lot Size

11.76 acres

Asking $/Acre

$40,391

Days on Market

111

Property Type

Land

HOA/mo

N/A

MLS ID

NDP2606912

This property is in Fallbrook (92028). View the Fallbrook land market →

About This Property

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.

Location

Loading map...

What a Buyer Will Check

Caution: fire, hillside

About 11.7 acres of rural acreage on Rainbow Creek Rd, county land with a Fallbrook address, zoned A70, limited agriculture, 4-acre minimum lot. Part of it slopes: lidar puts the median slope at 23%, with 43% of it over 25%, and the soil survey calls it acid igneous rock land, very limited for houses. It sits outside the flood zone, in a Very High fire zone. No public road frontage was found. Water comes from Rainbow Municipal Water District. Septic likely.

From FEMA, USGS lidar, the USDA soil survey, CAL FIRE, SANDAG and county and city zoning, checked Nov 7, 2026. Public records, not a survey: confirm with the city or county before you buy.

Want to know more about this land or have questions?

Zoned Schools

  • Elementary

    Vallecitos Elementary · grades K-8 · Vallecitos Elementary

  • Middle

    Vallecitos Elementary · grades K-8 · Vallecitos Elementary

  • High

    Fallbrook High · grades 9-12 · Fallbrook Union High

The district's assigned schools for this parcel, from its attendance boundaries and rules. Boundaries change: confirm with the district before you buy.

Dirt Analysis
Bdirt
20% above comp value
Asking $475,000 vs ~$395,157 implied by sold-land comps
Lot size
11.76 acres
Asking $/acre
$40,391
Zip median $/acre (sold)
$29,486
Comp-implied value
$395,157

Benchmarked against 2,889 sold-land comps (5-yr, recency-weighted) via zip price-size model · high confidence. Land value is site-specific — zoning, utilities, access, and buildability are not modeled. Not an appraisal.