
Fallbrook, California 92028
This Spacious Single-Family Residence represents a High-Potential Investment Opportunity, listed at $949,500—positioned slightly above the $923,936 Fair Market Value. While the property requires modernization due to its Condition Rating of 4, the expansive one-acre lot provides significant Development Potential for ADUs or home additions. Featuring Solar Panels and scenic Mountain Views, the home offers a solid foundation for value-add renovations. This property is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants looking to build long-term equity through strategic updates.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1427 El Nido Drive Subject 3 bd · 3 ba · 2,697 sqft · $343 | $949,500* List Price | 3 | 3 | 2,697 | $343 | - |
A 3480 Sunset Dr Sold 3 bd · 3 ba · 2,860 sqft · $327 · 0.4 mi | $935,000 | 3 | 3 | 2,860 | $327 | 0.4 mi |
B 3844 Alta Vista Sold 4 bd · 4 ba · 3,422 sqft · $302 · 0.5 mi | $1,035,000 | 4 | 4 | 3,422 | $302 | 0.5 mi |
C 1474 Via Encinos Active 3 bd · 3 ba · 2,588 sqft · $444 · 0.1 mi | $1,150,000 List Price | 3 | 3 | 2,588 | $444 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1980, the property is over 40 years old and retains a significantly dated interior. While the living areas feature newer laminate flooring and the home includes solar, the kitchen and bathrooms show 15-30+ year old finishes, including oak cabinetry, white appliances, and floral wallpaper. The listing itself notes a 'foundation for thoughtful updates,' confirming it needs modernization despite being functional and well-maintained.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 43560, living area = 2697.
Situated on a sprawling one-acre lot, the property offers significant room for expansion or the addition of accessory dwelling units (ADUs), making it ideal for multi-generational living or value-add investment.
The home features timeless design elements including vaulted wood ceilings, exposed beams, and a substantial brick fireplace, providing a warm and unique aesthetic that stands out from contemporary builds.
Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 3, other record bedroom count = 2.
With its 1980 construction and original-style wood cabinetry, the home likely requires a significant capital investment for cosmetic and functional updates to meet modern luxury standards.
The split-level architectural design may pose accessibility challenges for some buyers and lacks the seamless, open-concept flow often preferred in the current market.
Welcome to 1427 El Nido Drive, where timeless character, natural surroundings, and room to grow come together to capture the charm of Fallbrook living. Situated on approximately one acre, this three-bedroom, three-bath residence offers a warm and inviting setting with distinctive architectural details and exciting possibilities for the future. From the brick exterior and mature trees to the expansive grounds, the property invites you to imagine a home that can evolve with your lifestyle. Step inside to discover an interior rich in warmth and character. Vaulted wood ceilings and exposed beams draw the eye upward, creating an airy, welcoming atmosphere, while a substantial brick fireplace anchors the living room. Large windows welcome natural light and frame the surrounding greenery, bringing the beauty of the setting into the home. The split-level design adds architectural interest and creates distinct spaces to gather, unwind, and enjoy everyday life. At the heart of the home, the spacious kitchen offers extensive wood cabinetry, generous counter space, and a large center island with an integrated cooktop. An adjoining breakfast area provides an inviting place to begin the day, while built-in cabinetry adds both practical storage and display space. French doors open to the outdoors, extending the experience beyond the kitchen, and a separate dining room sets the stage for shared meals and memorable gatherings. Outside, decks and an upstairs balcony offer inviting vantage points to enjoy the tree-filled surroundings. Mature landscaping and open portions of the approximately one-acre grounds provide a canvas for gardens, outdoor entertaining, and a more expansive vision. For those seeking space to bring generations together, the property offers potential to explore a home addition or accessory dwelling units, subject to zoning, site conditions, and applicable approvals. Whether you envision additional living quarters for loved ones or an expanded residence tailored to your needs, the possibilities are an appealing part of this property’s story. The home also features solar, an attached two-car garage, and a broad driveway. Its distinctive materials and architectural features provide a foundation for thoughtful updates. Warm, inviting, and full of opportunity, 1427 El Nido Drive offers the chance to preserve its enduring character while creating your own vision of Fallbrook living.
No exterior & parking available.
Grades K-5 • 2.5 mi
Grades K-6 • 3.8 mi
Grades K-6 • 4.0 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 3.8 |
| Baths | 3.0 | 3.0 |
| Square foot | 2,697 | 2,343.723 |
| Lot Size | 43,560 | 46,829.322 |
| Price | $949.5K | $932.8K |
| Price per sq ft | $352 | $433 |
| Built year | 1980 | 1992 |
| HOA | $0 | $198 |
| Days on market | 10 | 60 |
Oct 15, 2026
$949,500
Initial Listing