For sale Home

Listed Oct 15, 2026

$749,000 Est. $4,954/mo

5521 Rainbow Heights Road

  • 1

    Beds

  • 1

    Baths

  • 888

    Sq ft

The story

  • Pool

Nearly two acres of elevated Fallbrook Heights land with no HOA, no restrictions on yourvision, and a turnkey 2015-built cottage ready the day you close -- that is the opportunityat 5521 Rainbow Heights Rd. The 1.95-acre parcel sits in the Rainbow Heights corridor ofFallbrook, California's legendary avocado and citrus country, where acreage with thiscombination of usable land, modern construction, and zero HOA constraints is genuinely rare. The 888 sq ft single-family residence, built in 2015 and in nearly new condition, provides a clean, livable anchor while you plan what comes next -- whether that is anADU, an orchard, a hobby farm, outbuildings, or simply the privacy and elbow room that anear-two-acre elevated parcel delivers. The lot scale, the Fallbrook Heights topography,and the absence of HOA oversight are the story here; the move-in-ready cottage is thebonus. Gross rent estimate of approximately $3,716/month supports an investor or househack angle for a cash or portfolio-lender buyer. Cash buyers and land-savvybuyers with portfolio financing are best positioned. Verify all details independently.

Facts & features

Home type

Home

Year built

2015

Lot size

2 acres

Price per sq ft

$843

Included features

  • Pool

    Yes

  • Fireplace

    Yes

  • Cooling

    Central Forced Air

  • Appliances

    Dishwasher, Microwave, Refrigerator, Gas & Electric Range

  • Flooring

    Tile

  • Water Source

    Public

  • Sewer

    Conventional Septic

  • View

    Mountain

Mortgage calculator

Estimated monthly payment

$4,954 /mo

7% rate · 30-yr fixed · 20% down

  • Principal & interest $3,986
  • Property tax $749
  • Insurance $218

Includes principal, interest, taxes & insurance.

Your Property Journey

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Listing Broker

My Realty Company, Inc.

Broker Name

My Realty Company, Inc.

Agent

Omar Ortiz

Location

Bakersfield CA 93309