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46.64 acres tucked away in one of the most beautiful areas of Fallbrook. Imagine your dream home on one of the highest perches around, enjoying one of those prevalent afternoon breezes with 360-degree panoramic views of the surrounding highland countryside of Rainbow Heights and to the mountains beyond. Movement in the valley below catches your eye and you realize how special it is to be witnessing the sight of a soaring Red-Tailed Hawk from above. Prospective crown knoll home site accessed via Rainbow Heights Rd with septic layout for a 3-bedroom home and a 1” water meter was recently installed nearby on Rainbow Heights Rd. Paved street access on two sides, underground electric and phone available that runs along Mt Olympus Valley Rd. and above ground electric and phone also available on Rainbow Heights Rd. There are 3 additional septic layouts on file at the county with prospective rough pads still in place on the property to coincide with these layouts, which may offer additional options for where to build your home. County residential land use designation of RL-40 for just one residential unit on the entire 46 acres and is not splitable. Parcel also includes an agricultural conservation easement and could be a great match for someone with a passion to farm, such as avocados, flowers, citrus or a vineyard. Or perhaps just build your nice home and enjoy the natural surroundings. There are several farming operations of varying types and sizes in this neck of the woods. The neighboring property owners to the south currently farm a vibrant organic avocado grove and a good portion of it can be seen from this parcel’s crown knoll. Come and escape to the enchanted visual serenity in the highlands of Rainbow and be only minutes from I-15. APN 109-411-19-00.
Listing agent: Rod Hughes DRE #01944129 easycaresupply@live.com, Listing office: Sunshine Properties RealEstate
MLS data updated 10/19/2026, 5:32:50 PM PT
Source: CRMLS, MLS #: NDP2200118
Belmont insights
Compare recorded home prices, same-type ZIP sales and mortgage rates.
Feb 14, 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
$330,000Closed sale · Feb 14, 2022ZIP 92028 · Feb 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.