$1,300,000

0 Rainbow Heights

Fallbrook CA, 92028

Description

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

MLS#200002543
Listing TypeFor Sale
Sub-TypeResale
StatusActive
Days On Site313

Features

ZoningA70
Acreage128.08
Property ViewYes

Market Activity 92028

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Area Information
StateCA
CountySan Diego
CityFallbrook
Zip Code92028
Area92028 - Fallbrook
Listing VS Median (in 92028)
Price:
$1,300,000
low | high
Med:
$525,000
100% of Average
On Site:
313
low | high
Med:
27
100% of Average
Listing Updated: November 22, 2020 11:26:47 PM PST
Ralph Foster LogoMLS Number: 200002543
Listing Provided By:
Ralph Foster  of  Sunshine Properties RealEstate
MLS Internet Data Exchange (IDX) information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by the California Regional MLS.