Views
Address
0 Rainbow Heights Fallbrook, CA
Price
$ 1,300,000
Property Attributes
  • MLS#200002543
  • TypeLand
  • CountySAN DIEGO
  • CityFallbrook
  • NeighborhoodRainbow Highlands
  • Zip92028
  • Style
  • Price$ 1,300,000
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
  • Lot Size128.08 Acres
Listing Provided Courtesy Of:
Sunshine Properties RealEstate
Data Source:
San Diego MLS
Property Description

118.2 Acres encompassing 13 legal & large estate lots sold together offer an outstanding investment opportunity to purchase these lots at approximately $100,000 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). [Supplement]: At present, there are 2 parcels ready to build on with water meters, power & updated septic layouts. All other parcels have septic approval. Power is to or near all 13 lots and water meters are on many of the lots. A cul-de-sac services 5 lots. A new 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: 109-310-49-00, 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 and 109-310-83 118.2 Acres encompassing 13 legal & large estate lots sold together offer an outstanding investment opportunity to purchase these lots at approximately $100,000 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). [Supplement]: At present, there are 2 parcels ready to build on with water meters, power & updated septic layouts. All other parcels have septic approval. Power is to or near all 13 lots and water meters are on many of the lots. A cul-de-sac services 5 lots. A new 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: 109-310-49-00, 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 and 109-310-83

Price History
1/18/2020 Listed $1,700,000
7/27/2020 24% - $1,300,000

General Features

HOA Fee 0.0
Neighborhood Rainbow Highlands
Other Fees 0.0
Price Per Sq Ft 10149.91
Sale/rent For Sale
Terms Cash
Topography Mountainous, Rolling

Exterior Features

Fencing Other/Remarks
Sewer/Septic Perc Test Completed, Other/Remarks

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Master On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Zip Code Average in 92028

Price
AVG $500K
$1.3M
Visits
AVG 143
233

Looking for a more comfortable experience?

Download our mobile app for a personalized browsing experience.