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Listed by Benjamin Williams • Coldwell Banker Realty
$ 355,000
Est. payment | /mo
6 Sqft Lot
$ 355,000
Est. payment | /mo
6 Sqft Lot
Key Details
Property Type Vacant Land
Sub Type Other Residential Land
Listing Status Active
Purchase Type For Sale
MLS Listing ID CRNDP2510569
Lot Size 6 Sqft
Property Sub-Type Other Residential Land
Source California Regional MLS
Property Description
Welcome to Rainbow, a peaceful community located on the east side of the I-15 in Fallbrook, just off Mission Road. About 10 minutes from the freeway, this property sits high above the valley in a special microclimate where the weather is ideal-tempered by unobstructed ocean views and refreshing coastal breezes. Situated along Rainbow Peaks Road, this parcel truly lives up to its name. Perched near the very top of the mountain, it offers panoramic views in every direction-westerly vistas of the Pacific Ocean and easterly views of the snow-capped mountains. Once part of a working avocado grove, the land still features several mature, producing avocado trees. This parcel is considered the premium lot of the subdivision, boasting the original commercial well that once serviced all the lots before subdivision. Now owned exclusively by this parcel, the well is nearly 1,000 feet deep-an asset worth an estimated $100,000 to reproduce. The well is powered by a 200-amp electrical service, which is ready to handle much more. In addition, the property also has a water meter-offering the best of both worlds for reliable supply and fire safety. At the top of the property, a natural saddle between two peaks provides the perfect home site-an ideal location to take in both the westerly ocean suns
Location
State CA
County San Diego
Area 92028 - Fallbrook
Zoning D2
Exterior
View Hills, Ocean, City Lights
Building
Water Well - Agricultural / Other
Others
Tax ID 1093108200
Special Listing Condition Not Applicable
Virtual Tour https://www.propertypanorama.com/instaview/crmls/NDP2510569
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