For Sale at Fallbrook: 38942 Jubilee Way, Fallbrook, CA 92028. 3-bedroom 0-bath, 1175 sf, 1976 RAINBOW $499,000 begin new search
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Overview

Views! Views! Views! Located in the scenic hills of Fallbrook near Rainbow, this exceptional property offers a rare opportunity to own over 6 acres of usable Southern California countryside. With approximately 6.12 acres, this versatile parcel combines privacy, natural beauty, and incredible potential. Surrounded by rolling hills, mature trees, and picturesque mountain and valley views, the property provides a peaceful rural setting while still being within convenient reach of local shops, dining, and major roadways. Ideal for those seeking space, serenity, and flexibility. The existing 3-bedroom, 2-bath manufactured home features a deck and covered patio, offering a comfortable place to enjoy the surrounding landscape. Whether used as a primary residence, rental, or temporary living space while you build, it adds immediate value and functionality. The land is the true highlight, offering citrus trees and expansive flat, usable areas perfect for a custom estate, agricultural use, or multi-purpose living. Utilities are already in place, including electricity, water, private well, propane, and septic system—providing a strong foundation for future development. Enjoy open space, privacy, and the charm that makes Fallbrook one of North County’s most desirable hidden gems. With increasing demand for land and lifestyle properties, opportunities like this are becoming increasingly rare. Don’t miss your chance to create your vision and own a piece of Fallbrook’s tranquil lifestyle.

Address 38942 Jubilee Way

Fallbrook, CA 92028
Listing Status ACTIVE
Asking Price $499,000
On Market Date $600,000 @ Apr 17, 2026
Listed / On-Market Entered Apr 17, 2026
Original Entry Apr 17, 2026
Property Condition Additions/Alterations
Rooms
Laundry, Main Floor Primary Bedroom, Kitchen, Living Room, Main Floor Bedroom
Square Footage 1175 sf
Bedrooms 3
Full Bathrooms 0
Location
Directions RAINBOW VALLEY BLVD/RAINBOW CREEK RD/JUBILEE WAY
Market Area 92028 - Fallbrook
Neighborhood RAINBOW
Complex Fallbrook
School District Not Listed
Ownership
Age Restriction 0
Property Type
Mello-Roos Fee $0
HOA Fee $0
HOA Features Valley, Hiking, Mountainous, Foothills
Listing History
Timeline Notes
May 8, 2026Price reduced to $499,000 #SW26083112
Apr 17, 2026Listed for $600,000 #SW26083112
Public Records
County San Diego
Assessor Parcel# 1093106900
Zoning A-70
Geographic Areas

Community College District: Palomar CC

Zip Code: 92028

Highway Locator

East of I-15

East of I-5

North of I-8

North of SR-52

North of SR-56

North of SR-78

Ocean Distance 20.5 miles
Exterior
Style Manufactured On Land
Material Satellite Dish
Lot Size ~ 269,636 sf
Fencing Not Listed
Topography Not Listed
Entry Steps 1
Swimming Pool None
Patio Porch, Patio
Accessibility Parking
Parking
Unpaved
Total Spaces: 0
Garage Spaces: 0
Non-Garage Spaces: 0 -
View Mountain(s), Trees/Woods, Hills, Canyon, Valley
Features
Year Built 1976 (source: Estimated)
Laundry Location Inside,Gas Dryer Hookup,Gas & Electric Dryer Hookup,Washer Hookup
Elevator Not Listed
Cooling None
Heating Propane
Sewer/Septic Septic Type Unknown
Fireplaces None (0)
Security Smoke Detector(s)
Interior Features High Ceilings, Storage
Additional Parcels No
Appliances Water Heater
Appliances Yes
Assessments Yes
Association No
Association Fee 2 0
Attached Garage No
Below Grade Finished Area 0
Carport Spaces 0
Common Walls No Common Walls
Cooling No
Entry Location Front Door
Heating Yes
High School District Fallbrook Union
Land Lease No
Laundry Yes
Levels One
Living Area Source Seller
Living Area Units Square Feet
Lot Features Secluded, 6-10 Units/Acre, Value In Land
Lot Size Source Assessor
Lot Size Units Acres
Main Level Bathrooms 2
Main Level Bedrooms 3
New Construction No
Number Of Units Total 1
Number Remotes 0
Parking Yes
Patio Yes
Pool Private No
Property Attached No
Sprinklers No
Tax Model
View Yes
Well Depth 0
Well Gallons Per Minute 0
Well Pump Horsepower 0
Well Report No
Monthly Payment Calculator
Property Tax estimate of 1% of listing price does not include local voter-approved bonds/assessments, supplemental taxes for new construction or ownership changes, extra local fees, etc.
Listing Source
Platform CRMLS
AOR Southwest Riverside County
MLS Number SW26083112
Courtesy of Coldwell Banker Realty
Listing Agent Julie Lane & Patricia Rodriguez Leon
951-970-7739