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WOW! Here is one of the rarest opportunity to own 40 acres in beautiful Rainbow-Fallbrook, California. This mature property is complimented with water and power. This gorgeous community offers spectacular views and privacy while allowing yo to take advantage of 40 usable acres. There are many possibilities with the 40 acres. Horses, grapes (winery), fruit trees, nuts, beans (maybe coffee), pool, more structures, new builds, dirt bike track, camping, the list goes on; let your imagination go to work with this 40 acres. As you enter this exclusive and very private oasis, you will find two amazing homes, 4 car garage, and a barn/storage with a bonus room above the barn. The main house features one massive bedroom which may be created into two rooms. The bedroom (octagon shape) features wood floor, multiple windows to offer natural lighting during the day and gorgeous evening views. This custom home shows off stunning open beam ceiling, stand alone burning stove. open floor plan with the kitchen opening into the entertainment area. Again, the oversized entertainment area boasts of multiple windows and sliding doors to allow for natural lighting during the day and moon lighting in the evening; truly amazing. The main house has its own separate wash/dryer area; bathroom features shower, tankless water-heater. The second home on this property is of great value; may be used for income, guest quarters, wine tasting room, office, or living space for extended family. The home is very spacious with an floor plan featuring multiple windows for natural lighting during the day and evening, tankless water heater, central AC forced heat. This guest house boast of a large living area with a lovely fireplace for the cooler winter days. There is more; an oversize 4 car garage' with custom electronic openers. This garage is able to store your custom cars and boats. There is also a BARN with overhead space. This custom barn may be used for your horses, animals, work space or car and boat storage as well. Lastly, the 40 acres. These acres are very usable, flat, and serene. The opportunities are endless.
Listing agent: Dominick Archuleta DRE #01308760 domarchuleta@yahoo.com, Listing office: Archuleta Realty
MLS data updated 10/23/2026, 11:01:37 PM PT
Source: CRMLS, MLS #: PW21234676
Belmont insights
Compare recorded home prices, same-type ZIP sales and mortgage rates.
Jan 31, 2022
Prices use the left axis; mortgage rates use the right. Hover, tap, or focus the chart and use the arrow keys. Red SOLD badges mark recorded sales.
This home · nearest recorded event
$1,500,000Closed sale · Jan 31, 2022ZIP 92028 · Jan 2022
No monthly averageAt least 3 eligible sales in this month are required.30-year fixed mortgage benchmark
No weekly rateNo published rate within 7 days of this date.ZIP averages use publicly displayable closed sales from our licensed MLS feed, matched to the same ZIP and exact property type. Months with fewer than 3 sales are omitted; the current month is incomplete. Lines connect available monthly observations across gaps and do not represent measured prices in missing months. These averages are not adjusted for size, condition, or location within the ZIP, and are not an appraisal. Feed coverage may not include every sale. All available shows the available home and ZIP history, with mortgage rates over the same dates.
Mortgage benchmark: Freddie Mac Primary Mortgage Market Survey®. © Freddie Mac. Weekly national 30-year fixed rates, not APRs or a loan quote. Actual terms vary. Methodology changed in November 2022. The chart does not establish that interest-rate changes caused a home’s price changes.
Lines connect recorded asking and sale prices. They are visual guides, not estimates of the home’s value between those dates.
No earlier records were returned by our current sources. This does not mean the home has never sold.
MLS records may be incomplete. Earlier asking prices are not sale prices.