Rainbow Heights

Fallbrook, CA 92028
$1,300,000
For Sale • 350 days
128.08
Acres

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). [

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

DETAILS

  • Type: Land
  • $/Acre: $10,150
  • Neighborhood: Rainbow Highlands
  • MLS#: 200002543

Lot Details

LOT DETAILS

  • 128.08 Acres
  • Topography: Mountainous, Rolling

Other Information

FINANCING TERMS

  • Cash

LOCATION

  • Neighborhood: Rainbow Highlands
  • City: Fallbrook
  • County: San Diego
  • APN#: 1093104900

Property History

DATE EVENT & SOURCE PRICE
Listed (Active)
SDMLS
MLS# 200002543
$1,300,000

Ask a Question

Similar Lots

This Properties Story

Listed by Ralph Foster • DRE Lic #00856341 • Sunshine Properties RealEstate
Last updated 3 hours ago • Source: SDMLS