
Fallbrook, California 92028
This Private Equestrian Estate is a Strong Value Opportunity, listed at $1,795,000—positioned below the $1,823,061 Fair Market Value by 1%. This valuation gap offers $28,061 in Instant Equity. The property holds a Fair Condition Rating, featuring well-maintained 1990s interiors that provide significant cosmetic upside for forced appreciation. Set on 3.8 usable acres, the estate includes a four-stall barn, saltwater pool, and panoramic mountain views. Located near top-rated Bonsall Elementary, it is ideal for Equestrian Enthusiasts or Owner-Occupants seeking a lifestyle-rich asset.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 161 Lemon Grove Drive Subject | $1,795,000* List Price | 4 | 4 | 3,644 | $500 | - |
A 11 Country Glen Rd Sold | $1,695,000 | 3 | 4 | 3,020 | $561 | 0.8 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1992 (34 years old), the property is well-maintained and features a newer HVAC system, but the interior remains aesthetically dated with 1990s-era white tile flooring, architectural columns, and traditional built-ins. While move-in ready, it meets the 'Fair' criteria as it is over 20 years old and requires cosmetic updates to kitchens and baths to reach modern luxury standards.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 164656, living area = 3644.
The property features a comprehensive equestrian setup including a four-stall barn, private turnouts, and nearly 3.8 acres of usable land, offering a turnkey lifestyle for horse enthusiasts.
A resort-style saltwater pool, dedicated irrigation well, and panoramic views of Palomar Mountain and Mount Baldy provide a luxurious and cost-efficient outdoor living experience.
Local public schools, particularly the high school and some elementary options, carry mid-range ratings which may be a consideration for families prioritizing top-tier educational scores.
The combination of a 30-year-old structure, extensive acreage, a private well, and specialized equestrian facilities necessitates a significant ongoing commitment to maintenance and upkeep.
Tucked behind the gentle rolling hills of Fallbrook, this private equestrian estate with fabulous views and no HOA, invites you into a lifestyle defined by space, serenity, and understated luxury. Set on nearly 3.8 acres of usable land, the property offers a rare opportunity to live, entertain, and ride—all in your own back yard. The 3,644 sq ft single story residence blends warmth and sophistication, with 4 bedrooms, 3.5 baths, dedicated office, formal living and dining room, gourmet kitchen and huge great room all designed for effortless living. This home is perfectly climate-controlled for year-round comfort with fireplaces in 4 rooms newer HVAC system, whole house fan and incredible breezes. Sunlight pours through expansive windows, illuminating open-concept living spaces that flow seamlessly to the outdoors, where the views of the pastures, local hills, Palomar Mountain and Mount Baldy feel like a retreat. For equestrian enthusiasts, the Franciscan pipe four-stall barn anchors the property, with private turnouts, tack and feed room, plus space to possibly customize the property further with paddocks, or private training setup. A dedicated irrigation well supports the lush grounds, creating the ideal canvas for gardens, orchards, or your fully realized ranch vision. At the heart of the outdoor experience, a resort-style saltwater pool offers a tranquil escape—perfect for quiet mornings, sunset swims, or hosting unforgettable gatherings under the stars. A 3-bay garage provides ample space for vehicles, gear, and weekend adventure essentials, while the expansive acreage ensures both privacy and possibility. Here, life slows down just enough to savor it—yet you remain moments from Fallbrook’s charm, dining, and easy coastal access. This is more than a home; it’s a lifestyle rooted in beauty, freedom, and the timeless appeal of Southern California equestrian living.
No exterior & parking available.
Grades K-5 • 2.6 mi
Grades K-6 • 4.2 mi
Grades K-6 • 4.5 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 4.0 | 3.0 | 52% |
| Baths | 4.0 | 3.0 | 76% |
| Square foot | 3,644 | 2,414 | 86% |
| Lot Size | 164,656 | 30,492 | 91% |
| Price | $1.79M | $929.5K | 96% |
| Price per sq ft | $493 | $417 | 82% |
| Built year | 1992 | 1991 | 50% |
| HOA | $0 | $0 | 50% |
| Days on market | 7 | 178 | 8% |
Apr 15, 2026
$1,795,000
Initial Listing
Oct 3, 2008
$1,375,000
Public Record
Mar 18, 2004
$950,000
Public Record
Mar 1, 2002
$672,500
Public Record