5741 Rainbow Heights Road, Fallbrook, CA 92028
5741 Rainbow Heights Road, Fallbrook, CA 92028
Property Description
Welcome to this peaceful paradise just a few minutes from the freeway. Recently remodeled, this home also has a newer roof, paid for solar with a generator, a well, and newer heating and air! 3.09 acres of basically flat land. Horses welcome. This three-bedroom, two-bath VIEW property offers so much more. With the remodel completed, there’s little to do inside, so let the fun begin on this acreage. Currently, the landscape consists of citrus, nut and fruit trees, and as a bonus has been developed as a FLOWER farm for the current owner’s floral business. With an amazing outside office/creative space, the vibes are amazing. Excellent areas for future guest house, corrals, a barn, literally whatever you dream of having. There is no HOA. Not far from 15 freeway as the property is not far up Rainbow Heights Rd. This home ticks all the boxes, hurry to come see it. Animal designator of L very flexible.
Features & Amenities
Property Details
Mortgage Calculator
Current Rates
Comparative Market Analysis
Residential Tier · 2 active · 3 closed
Fallbrook · Single Family Residence
Listed in line with the median closed sale of $890,000. Price per sqft ($584) is a 37% premium to closed comps ($427). Closed comps sold at 90% of list — buyers have negotiating leverage.
Price Position
Aligned with the market — fair pricing for the comps.
Active Properties (2)
Active Comparables
| Address | City | Year | BD | BTH | SqFt | LotSz | LP/SqFt | LP | DIM | Score |
|---|---|---|---|---|---|---|---|---|---|---|
| 1686 Rice Canyon | Fallbrook | 2006 | 1 | 3 | 1,200 | 148,975 | $624 | $749,000 | 12 | 78 |
| 5521 Rainbow Heights Road | Fallbrook | 2015 | 1 | 1 | 888 | 84,942 | $843 | $749,000 | 17 | 70 |
| Total: 2 · Average | 1.0 | 2.0 | 1,044 | 116,958.5 | $733.5 | $749,000 | 14.5 | |||
| Median | 1,200 | $749,000 | ||||||||
Closed Properties (3)
Closed Comparables
| Address | City | Year | Date | BD | BTH | SqFt | LotSz | LP | SP | SP/SqFt | SP/LP | DIM | Score |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 5434 Rainbow Heights Road | Fallbrook | 1989 | 08/31/2026 | 3 | 3 | 1,900 | 87,991 | $905,000 | $890,000 | $468 | 0.98 | 59 | 78 |
| 6472 Rainbow Heights | Rainbow | 1963 | 12/08/2025 | 4 | 2 | 1,477 | 110,642 | $948,800 | $895,000 | $606 | 0.94 | 44 | 69 |
| 750 Stewart Canyon | Fallbrook | 1973 | 09/14/2026 | 5 | 4 | 4,228 | 281,398 | $1.14M | $880,000 | $208 | 0.77 | 66 | 40 |
| Total: 3 · Average | 4.0 | 3.0 | 2,535 | 160,010.333 | $888,333.333 | $888,333.333 | $427.333 | — | 56.333333333333336 | ||||
| Median | 1,900 | $890,000 | $890,000 | ||||||||||
Market Analysis
List vs Sale $/SqFt
Sale Price Trend
Days on Market
Sale vs List Price
This analysis was generated automatically from MLS data. For an in-depth, human-reviewed valuation, contact Joseph Sardella at josephsardella@gmail.com.