Skip main navigation
For sale
  • $699,000

    6133 Rainbow Heights Rd, Fallbrook, CA 92028

    2beds
    1,826sqft
    : 
    Single Family Residence
    Built in 1970
    4.25 Acres Lot
    $673,100 Zestimate®
    $383/sqft
    $-- HOA

    What's special

    Peaceful settingSurrounded by custom homes
    Welcome to 6133 Rainbow Heights Rd, an exceptional 4.25-acre investment opportunity in the sought-after hills of Fallbrook. Zoned Agricultural and offering 360-degree panoramic views, this unique property is perfect for those looking to capitalize on multi-family development, generational living, ADU additions, or flip projects. Featuring two existing fixer units, the lot presents immediate upside for investors or owner-builders. Renovate and resell the existing 2bd 1ba detached home and 1bd 1ba ADU, add units for rental income, or design a custom estate with multiple dwellings, the flexibility is unmatched. With existing utilities on site, the path to development is already in motion. Surrounded by custom homes and tucked in a peaceful setting, this is the kind of property where vision becomes reality. Located in the 92028 zip code and just minutes from downtown Fallbrook, Temecula wine country, and North San Diego County, you’ll enjoy easy access to shopping, dining, and freeways while still savoring rural charm. Whether you're building a multi-generational retreat, creating an income-producing property, or searching for a high-upside flip opportunity, this is a rare find in one of Southern California’s most promising investment pockets.
    28 days
    |
    5,833
    |
    290
    |

    Zillow last checked: 7 hours ago

    Listing updated: March 12, 2026 at 12:56pm

    Listed by:

    Karla L Mexia DRE #02136510 619-419-6619,

    Premier Agency Real Estate Inc.

    Source: SDMLS,MLS#: 260005804MLS LogoOriginating MLS: San Diego Association of REALTOR

    Tour with a local agent

      Facts & features

      Interior

      Bedrooms & bathrooms
      • Bedrooms: 2
      • Bathrooms: 1
      • Full bathrooms: 1
      Heating
      • Other/Remarks
      Cooling
      • Other/Remarks
      Appliances
      • Included: Other/Remarks
      • Laundry: Other/Remarks
      Features
      • Number of fireplaces: 1
      • Fireplace features: FP in Living Room
      Interior area
      • Total structure area: 1,826
      • Total interior livable area: 1,826 sqft

      Property

      Parking
      • Total spaces: 7
      • Parking features: Attached
      • Garage spaces: 3
      Features
      • Levels: Other/Remarks
      • Pool features: N/K
      • Fencing: Gate,Other/Remarks
      • Has view: Yes
      • View description: Evening Lights, Mountains/Hills, Other/Remarks, Panoramic, Valley/Canyon
      Lot
      • Size: 4.25 Acres
      Details
      • Additional structures: Other/Remarks
      • Parcel number: 1093200400
      • Zoning: AGRICULTUR
      • Zoning description: AGRICULTUR
      • Special conditions: Other/Remarks

      Construction

      Type & style
      • Home type: SingleFamily
      • Property subtype: Single Family Residence
      Materials
      • Wood/Stucco, Other/Remarks
      • Roof: Shingle
      Condition
      • Year built: 1970

      Utilities & green energy

      • Sewer: Other/Remarks, Septic Installed, Unknown
      • Water: Other/Remarks

      Community & HOA

      Community
      • Subdivision: FALLBROOK
      Location
      • Region: Fallbrook

      Financial & listing details

      • Price per square foot: $383/sqft
      • Tax assessed value: $504,848
      • Annual tax amount: $5,517
      • Date on market: 3/12/2026
      • Listing terms: Cash,Conventional,Other/Remarks
      Get pre-qualifiedBe ready to make an offer.
      Connect with an agentGet info on this home, tour, and more.
      Calculate monthly paymentSee if you can afford this home.

        Estimated market value

        $673,100

        $639,000 - $707,000

        $2,651/mo

        Price history

        Price history
        DateEventPrice
        3/12/2026Listed for sale$699,000-6.8%$383/sqft
        Source: SDMLS #260005804 Report a problem
        1/1/2026Listing removed$749,900$411/sqft
        Source: SDMLS #250034899 Report a problem
        9/8/2025Listed for sale$749,900$411/sqft
        Source: SDMLS #250034899 Report a problem
        8/19/2025Pending sale$749,900$411/sqft
        Source: SDMLS #250034899 Report a problem
        7/31/2025Listed for sale$749,900+837.4%$411/sqft
        Source: SDMLS #250034899 Report a problem
        7/1/2025Sold$80,000$44/sqft
        Source: Public Record Report a problem

        Public tax history

        Public tax history
        YearProperty taxesTax assessment
        2025$5,517 +1%$504,848 +2%
        2024$5,464 +2.4%$494,950 +2%
        2023$5,338 +1.1%$485,246 +2%
        2022$5,282 +2.5%$475,732 +2%
        2021$5,151 -0.2%$466,405 +1%
        2020$5,162 +5.8%$461,624 +2%
        2019$4,878 -0.8%$452,574 +2%
        2018$4,915 +330.1%$443,700 +377.5%
        2017$1,143 +2.1%$92,922 +2%
        2016$1,120 +1.4%$91,101 +1.5%
        2015$1,105 +1.9%$89,734 +2%
        2014$1,084 $87,977 +0.5%
        2013-- $87,581 +2%
        2012-- $85,865 +2%
        2011-- $84,183 +0.8%
        2010-- $83,555 -0.2%
        2009-- $83,755 +2%
        2008-- $82,114 +2%
        2007-- $80,505 +2%
        2006-- $78,927 +2%
        2005-- $77,381 +2%
        2004-- $75,865 +1.9%
        2003-- $74,475 +2%
        2002-- $73,015 +2%
        2001-- $71,584

        Find assessor info on the county website

        Monthly payment

        Est. payment
        $4,080/mo
        Principal & interest
        $3398
        Property taxes
        $682
        More affordability tools

          Climate risks

          Neighborhood: 92028

          Getting around

          0 / 100
          Car-Dependent

          Nearby schools

          GreatSchools rating

          Local experts in 92028

          Similar homes

          Skip to the end of the carouselSkip to the beginning of the carousel