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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.

Highlights

  • Land
  • 6.19 Acre Lot
  • $0/ HOA
  • 207 days on Market


  • Acres
    6.19
  • Lot Features
    Agricultural, Six To Ten Units Acre, Orchards
  • View
    Valley, Mountains, Hills, Trees Woods, Canyon, Rocks
  • Utilities
    Electricity Available, Water Available, Electricity Connected, Propane
  • Water
    Public

  • Area
    92028 - Fallbrook
  • County
    San Diego
  • City
    Fallbrook
  • Neighborhood
    Fallbrook
  • Zip Code
    92028

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Frequently Asked Questions

How do I schedule a tour of 38942 Jubilee Way?

We can make that happen quickly. Click Tour This Home and we'll connect you directly with our vetted local partner to schedule your visit to 38942 Jubilee Way.

They know lands in the area well and can give you the guidance you need to buy with confidence.

How do I get more information about 38942 Jubilee Way?

Click Ask a Question to talk with our team. You already know it is a N/A bed, N/A bath, listed for $499,000. We can talk through recent upgrades, potential seller motivation, how this land compares to others in Fallbrook, and can even get you in to see the property quickly.

How much is the monthly mortgage payment for 38942 Jubilee Way?

With a 20% down payment and a 30-year fixed loan at an illustrative 7.25% rate, the ez Mortgage Calculator estimates the monthly payment for 38942 Jubilee Way at around $2,840. This includes estimated property taxes and insurance.

Want to see how this changes with different down payments or interest rates? Jump to the calculator to run the numbers and fine-tune your plan.

How do I get pre-approved to buy 38942 Jubilee Way?

Stand out in a competitive market by getting pre-approved today. Our quick and private pre-approval process helps you understand your true buying power—no credit pull required to explore all of your options.

Or, let us connect you with our preferred local lender in San Diego County. They will give you all of your available financing options, based on your specific situation and what is available to you.

Can I negotiate the asking price for 38942 Jubilee Way?

In most cases, yes. Whether 38942 Jubilee Way is priced competitively or not, your best offer depends on your personal situation, the seller's timeline, and recent activity in Fallbrook's market. Our preferred local partner will help you craft a strategy—factoring in comparable properties that have sold, timing, and deal structure—to make a smart, strong offer. Click here to ask about negotiation opportunities.

How do I make an offer on 38942 Jubilee Way?

We can handle that for you. Our preferred local agent specializes in lands in Fallbrook and can guide you through every step of the offer process.

You need an expert who is looking out for your best interests. From market valuation to contingencies and timing, they'll help you present a compelling offer that fits your goals. Click Ask a Question to get started today.

How long has this property been on the market?

38942 Jubilee Way was listed on April 17, 2026, which means it's been on the market for 207 days.

Want to keep tabs on it? Click the ♥ to favorite this home and get notified of price drops or changes.

What is the lot size of this property?

38942 Jubilee Way sits on a 6.19-acre lot, which is 269,636 square feet.

Is there an HOA fee for this property, and what does it cover?

This home has an HOA fee of $0.

Is 38942 Jubilee Way still available for sale?

Yes, this home is still available! Click the ♥ to favorite it so you don't miss any changes—or ask our local expert to schedule a time to see it in person.

Source: ez Home Search, MLS Data

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Based on information from California Regional Multiple Listing Service as of November 10, 2026 at 08:27PM All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. This information is 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.

Last Updated: November 10, 2026 at 08:27PM | Source: California Regional Multiple Listing Service | MLS#: SW26081659