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Rainbow Heights Rd - Rainbow Highland
118.2 Acres of Agricultural Land Offered at $900,000 in Fallbrook, CA 92028
Investment Highlights
- Build Estate Homes on Mountain Top
- Only minutes to I-15
- Forever Views
Executive Summary
Property Facts
| Price | $900,000 | Property Subtype | Agricultural |
| Sale Type | Investment or Owner User | Total Lot Size | 118.20 AC |
| No. Lots | 1 | Cross Streets | Mt Olympus Valley Rd |
| Property Type | Land |
| Price | $900,000 |
| Sale Type | Investment or Owner User |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Agricultural |
| Total Lot Size | 118.20 AC |
| Cross Streets | Mt Olympus Valley Rd |
1 Lot Available
Lot 11 lots
| Price | $900,000 | Lot Size | 118.20 AC |
| Price Per AC | $7,614 |
| Price | $900,000 |
| Price Per AC | $7,614 |
| Lot Size | 118.20 AC |
118+ acres encompassing 11 legal and large estate lots sold together offer an outstanding investment opportunity to purchase these lots at approx. $100,000 apiece, then build out each lot with estate homes in a beautiful area of Rainbow.
Description
118+ acres encompassing 11 legal and 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 wonderful area of ranch & grove estates. The area is called “Rainbow Highlands” and has the BEST views in Fallbrook looking west toward the coast 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 are 2 parcels ready to immediately build on with water meters, power & septic layouts. All other parcels have septic approval. Power is to or near all 13 lots and water meters on many of these lots. A cul-de-sac services 5 lots. A new 24' wide road to the development is from Rainbow Heights (Camp) Rd. You’ll find absolute solitude and only 5-10 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, 109-310-64 and 109-310-83
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $434,571 | |
| Land Assessment | $905,305 | Total Assessment | $1,339,876 |
PROPERTY TAXES
zoning
| Zoning Code | A-70 (Rural agriculture) |
| A-70 (Rural agriculture) |
Presented by
Rainbow Heights Rd - Rainbow Highland
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