0 Rainbow Heights, Fallbrook CA, 92028
(Active)
$900,000
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MLS# NDP2301401
Last Updated: 4/29/2024 5:06 PM
Description for
0 Rainbow Heights
Fallbrook, CA 92028
92+ Acres encompassing 11 legal & large estate lots sold together offer an outstanding investment opportunity to purchase these lots at approximately $90,000 apiece, then build out each lot with beautiful estate homes in a beautiful area of ranch & grove estates. The area is called "Rainbow Highlands" and has the BEST views in Fallbrook looking west to the ocean and east to the snow-capped mountains. The estates are protected with CC&R's & Road Maintenance Agreement (2,500 sq. ft. stick-built homes). At present, there is one parcel #59 ready to build on with water meter, power & updated septic layout. All other parcels have septic approval. Power is to or near all 11 lots and water meters are on many of the lots. A cul-de-sac services 5 lots. A new paved 24' wide road to development is from Rainbow Heights (Camp) Rd. You'll find absolute solitude and only 5 minutes to access I-15, with downtown Fallbrook, Bonsall and Temecula nearby. APNs: 109-310-50, 109-310-51, 109-310-52, 109-310-53, 109-310-57, 109-310-58, 109-310-59, 109-310-61, 109-310-62, 109-310-63, 109-310-64
Price
$900,000
FAL
San Diego
NDP2301401
Active
Description
92+ Acres encompassing 11 legal & large estate lots sold together offer an outstanding investment opportunity to purchase these lots at approximately $90,000 apiece, then build out each lot with beautiful estate homes in a beautiful area of ranch & grove estates. The area is called "Rainbow Highlands" and has the BEST views in Fallbrook looking west to the ocean and east to the snow-capped mountains. The estates are protected with CC&R's & Road Maintenance Agreement (2,500 sq. ft. stick-built homes). At present, there is one parcel #59 ready to build on with water meter, power & updated septic layout. All other parcels have septic approval. Power is to or near all 11 lots and water meters are on many of the lots. A cul-de-sac services 5 lots. A new paved 24' wide road to development is from Rainbow Heights (Camp) Rd. You'll find absolute solitude and only 5 minutes to access I-15, with downtown Fallbrook, Bonsall and Temecula nearby. APNs: 109-310-50, 109-310-51, 109-310-52, 109-310-53, 109-310-57, 109-310-58, 109-310-59, 109-310-61, 109-310-62, 109-310-63, 109-310-64
Listing Information
| Property Type: Land, Other | ||
| 118.2 Acres | Assessor | Residential |
FAL
See Remarks
Other,Perc Test On File
Electricity Available,Electricity Connected,Propane,Underground Utilities
Residential
Neighborhood
Room Information
Exterior / Lot Features
0 Covered Parking Spaces,
Hill, Mountain, Panoramic
A70
Mountainous
See Remarks
Irregular Lot,Rolling Slope
Driving Directions
Rainbow Valley, Eight Street, Rice Canyon, Rainbow Heights stay left at top of mountain and follow signs to Cal-Fire Conservation Camp.
Financial Considerations
| 1093105000 |
Cash
Listing Price History
Fallbrook Real Estate
Fallbrook is located in California. Fallbrook, California 92028 has a population of 33,378.
The median household income in Fallbrook, California 92028 is $80,183. The median household income for the surrounding county is $83,628 compared to the national median of $66,222. The median age of people living in Fallbrook 92028 is 38 years.
Data provided below are primarily sourced from Public Records data.
Nearby Recent Sales (Sourced from Public Records)
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Price History
| Date | Event | Price | Source |
|---|---|---|---|
| 6/27/2023 | Active | $900,000 USD -18.18% |
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| 2/24/2023 | Active | $1,100,000 USD |
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