
Fallbrook, California 92028
This Custom Single-Story Estate is a High-Potential Investment Opportunity, listed at $1,475,000—positioned above the $1,268,915 Fair Market Value. While priced for its premium Morro Hills location, the property features a Condition Rating of 3, boasting modern renovations, owned solar, and 1.36 acres of usable land. With a flexible floor plan, dedicated office, and 75 mature orange trees, it offers significant lifestyle value. This property is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking a private, turnkey sanctuary with long-term agricultural and utility efficiency.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 111 Morro Hills Road Subject | $1,425,000* List Price | 4 | 3 | 2,936 | $437 | - |
A 460 Rancho Camino Sold | $1,400,000 | 3 | 3 | 2,686 | $521 | 0.5 mi |
B 358 Spanish Spur Sold | $1,110,000 | 3 | 2 | 2,169 | $512 | 0.8 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
Built in 1977 but features significant modern renovations including an updated kitchen with custom cabinetry, luxury vinyl plank flooring throughout, and renovated bathrooms with stone countertops. The home is well-maintained, move-in ready, and includes updated systems like owned solar.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 59241, living area = 2936.
The property includes owned solar panels and an automatic irrigation system for the 75 mature orange trees, offering significant long-term utility savings and agricultural value.
The single-story layout features a flexible floor plan, including a dedicated office with a private exterior entrance, ideal for remote work, guests, or a private workspace.
Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 4, other record bedroom count = 3.
Originally built in 1977, the home may require ongoing maintenance or updates to older mechanical systems despite the cosmetic renovations and kitchen upgrades.
While the local elementary school is highly rated, the assigned middle and high schools have lower ratings (4-5), which may be a consideration for families prioritizing long-term academic rankings.
Privately gated in Morro Hills, this 2,936 sq ft single story custom home sits on 1.36 acres with Palomar Mountain views, RV parking and owned solar. Located in Fallbrook just minutes from Highway 76 with convenient access to Oceanside and North San Diego County coastal communities, the property offers privacy, usable outdoor space and a flexible floor plan. Vaulted and beamed ceilings, large windows and natural light highlight the surrounding scenery. The home includes four bedrooms, 2.5 baths, a library, formal dining room, family room and two wood burning fireplaces. One bedroom currently serves as a dedicated office with its own exterior entrance, providing options for remote work, guests or a private workspace. The updated kitchen features custom cabinetry, open shelving, generous counter space and a large pantry. Luxury vinyl plank and neutral tile flooring run throughout the home. The primary suite overlooks the hills and includes a private patio and outdoor shower. A covered California room opens to mature landscaping, approximately 75 orange trees and an automatic irrigation system. A two car garage, covered carport and dog run add everyday functionality, with nearby shopping, dining, golf and coastal access.
No exterior & parking available.
Grades K-5 • 2.0 mi
Grades K-6 • 4.9 mi
Grades K-6 • 5.2 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 4.0 | 3.7 |
| Baths | 3.0 | 3.0 |
| Square foot | 2,936 | 2,314.399 |
| Lot Size | 59,241 | 47,267.225 |
| Price | $1.43M | $919.6K |
| Price per sq ft | $485 | $428 |
| Built year | 1977 | 1992 |
| HOA | $0 | $195 |
| Days on market | 29 | 59 |
Aug 27, 2026
$1,425,000
$1,475,000
-3% Price Drop
Initial Listing
Aug 11, 2026
$1,475,000
Initial Listing
Oct 16, 2017
$767,500
Public Record
Nov 13, 2015
$750,000
Public Record
Jan 25, 2006
$780,000
Public Record
Mar 22, 2004
$745,000
Public Record