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Stunning panoramic views! This is a one-of-a-kind gated mountain top Fallbrook property offering peaceful enjoyment and privacy, with an ocean view on clear days. The owner has spent years of effort transforming this 4.83 acre property. Generating $2,500 a month in rental income. There is a water well on site. Manufactured home comes with solar panels. This property has two additional units located on the property. One of the outbuildings is a very nice detached garage with room for all your toys & tools plus a 403 sq ft apartment/guest house. Included bonuses, contains a kennel set up for dog raising and breeding. The second unit is a well maintained 1044 sq ft residence which features a 2 bedroom 1 bath that has been recently updated. Many extras and bonuses at this unique property in addition to views. Don't miss this opportunity to become a part of the Rainbow Glen Community! Rainbow Glen Equipment: Fire Sprinklers, Garage Door Opener, Satellite Dish, Shed(s), Water Filtration Other Fees: 0 Sewer: Septic Installed Topography: LL,GSL,SSLP
Listing agent: Corey Flores DRE #02133342 corey@thepowerhouserealestate.com, Listing office: Powerhouse Real Estate
MLS data updated 10/19/2026, 2:03:25 AM PT
Source: CRMLS, MLS #: PW22026236
Belmont insights
Compare recorded home prices, same-type ZIP sales and mortgage rates.
Apr 15, 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
$667,000Closed sale · Apr 15, 2022ZIP 92028 · Apr 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.