Rainbow Heights Fallbrook, CA $900,000

Rainbow Heights | FALLBROOK (92028) Rainbow Highlands

$900,000 Registered users get up to $7,500More Info

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 SDMLS 305877941

Directions to property: Rainbow Valley, Eight Street, Rice Canyon, Rainbow Heights stay left at top of mountain and follow signs to Cal-Fire Conservatio

MLS Listing ID: 
SDMLS 305877941
Purchase
Community Information
Association Fee: 
$0
Construction
DisabilityFeatures: 
No
Energy Information: 
Below Ground, Electric, Propane
Room Details
Details about the rooms in the building.
Total Bedrooms: 
0
Total Bathrooms: 
0
Total Full-Bathrooms: 
0
Total Half-Bathrooms: 
0
Total Bathrooms Description: 
0
Utilities
Information about utilities available on the property.
Sewer: 
Perc Test Completed, Other/Remarks
Lot/Land Details
Details about the lots and land features included on the property.
Acres: 
118.2
Lot Size (Area): 
5,148,792
Lot Area Units: 
Sq Ft
Waterfront: 
0
Lot Features
Yard: 
Mountainous, Rolling
Fence: 
Other/Remarks
Public Record
Parcel Number: 
1093105000
Listing Dates
Dates involved in the transaction.
Listing Entry Date/Time: 
2/24/2023
Contract Details
Details about the listing contract.
Buyer's Agent Compensation: 
2.5
Listing Participants
Participants (agents, offices, etc.) in the transaction.
Listing Agent Name: 
Jenaro Ramirez
Listing Co-Agent Name: 
Ralph Foster
Listing Office Name: 
Sunshine Properties RealEstate

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