1624 Pala Lake Dr, Fallbrook, California 92028, Fallbrook, 92028 - 1 bed, 1 bath
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1624 Pala Lake Dr
Fallbrook, California 92028
ACTIVE
CONDITION: EXCELLENT
1Beds
1Baths
943Sq Ft
473,497.188Lot Size
Property Price
LIST PRICE$369,000
EST. MARKET VALUE
$387,517
4% BelowMARKET VALUE
SUMMARY
This Turnkey Condominium is a Strong Value Opportunity, listed at $369,000—positioned well below the $387,518 Fair Market Value by 4%. This valuation gap offers $18,518 in Instant Equity for the buyer. Featuring an Excellent Condition Rating with a renovated kitchen and custom finishes, this residence offers scenic Golf Course and Hill views. Located near the Pala Mesa Resort, it is an ideal, low-maintenance choice for first-time buyers or investors seeking a move-in-ready asset in a tranquil setting.
Estimated Market Value
$387,517+$18,517 Equity Potential
Based on Realkey algorithm analyzing recent comparable sales in Fallbrook.
Comparable Sales Map
Comparables within 1 miles sold in recently
Map unavailable.
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1624 Pala Lake Dr Subject 1 bd · 1 ba · 943 sqft · $411 | $369,000* List Price | 1 | 1 | 943 | $411 | - |
A 1740 Pala Lake Sold 1 bd · 1 ba · 943 sqft · $414 · 0.2 mi | $390,000 | 1 | 1 | 943 | $414 | 0.2 mi |
B 4125 Pinehurst Court Sold 1 bd · 1 ba · 729 sqft · $473 · 0.0 mi | $344,888 | 1 | 1 | 729 | $473 | 0.0 mi |
C 1720 Pala Lake Sold 1 bd · 1 ba · 1,156 sqft · $362 · 0.1 mi | $418,000 | 1 | 1 | 1,156 | $362 | 0.1 mi |
D 4129 Cyprus Island Court Active 2 bd · 2 ba · 1,308 sqft · $359 · 0.1 mi | $469,000 List Price | 2 | 2 | 1,308 | $359 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Excellent
TeardownExcellent
Property is new construction or fully renovated.
While built in 1980, the property has undergone a comprehensive recent renovation including an updated kitchen with stainless steel appliances and quartz countertops, a stylishly updated bathroom, and new dual-pane vinyl windows. The interior features modern lighting, custom trim, and is in mint, move-in-ready condition, qualifying it for the excellent rating based on recent renovation status.
PROSSTRENGTHS & OPPORTUNITIES
- Scenic Views & Natural Light
The property offers picturesque views of the golf course and hills from every room, complemented by high beamed ceilings and large windows that flood the space with natural light.
- Modern Interior Upgrades
The residence features a tastefully updated kitchen, dual-pane vinyl windows, and custom trim and mouldings, offering a contemporary feel and move-in-ready convenience.
- Prime Location & Amenities
Situated near the Pala Mesa Resort and local wineries, the property includes desirable amenities such as an oversized detached garage and access to two community pools and spas.
CONSRISKS & DEFICIENCIES
- MLS Listing Discrepancy
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =473497, other record lot size in square feet = 473310.
- High Association Fees
The monthly HOA fee of $677 is significant for a one-bedroom condominium, which could be a deterrent for budget-conscious buyers or those looking to maximize investment yield.
- Limited Bedroom Count
As a one-bedroom unit, the property has a more restricted buyer demographic compared to multi-bedroom homes, potentially limiting its appeal to larger households or those needing extra space.
About 1624 Pala Lake Dr
Enjoy the Views from all rooms in this desirable 1-bedroom, 1-bathroom condominium located in the peaceful and scenic community of Pala Mesa Villas. Offering an exceptional 2nd level layout, this bright residence features high beamed ceilings, custom trim, doors and mouldings, an updated kitchen, dual pane vinyl windows/sliding doors, modern lighting and hardware and a stylish bathroom. Natural light beautifully highlights the comfortable living spaces and tranquil neighborhood setting which is surrounded by mature trees and picturesque views. There is an oversized detached garage and 2 community pools and spas. An ideal opportunity for a cozy primary residence, a low-maintenance getaway or a possible Airbnb investment in a fantastic North County San Diego location. Close to the freeway, hiking (Monserate Mountain Trail, located within the Monserate Mountain Preserve), great local wineries (Estate D'Iacobelli Winery, Monserate and Fallbrook Winery) with the adjacent Pala Mesa Resort offering championship golf, the Aquaterra Restaurant and a popular destination for weddings.
Property Details
Public Facts
- Property Type
- Condominium
- Year Built
- 1980
- Lot Size
- 473,497.188 Sq. Ft.
Interior
- Total Bedrooms
- 1
- Total Bathrooms
- 1 (1 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $677.0 / Month
Neighborhood Insights
Fallbrook Unified Schools
Live Oak Elementary School
Grades K-6 • 3.1 mi
4/10
Maie Ellis Elementary
Grades K-6 • 5.3 mi
5/10
Bonsall Elementary School
Grades K-5 • 6.1 mi
8/10
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 1.0 | 2.9 |
| Baths | 1.0 | 3.0 |
| Square foot | 943 | 1,453.5 |
| Lot Size | 473,497.188 | 344,694.857 |
| Price | $369.0K | $606.7K |
| Price per sq ft | $391 | $413 |
| Built year | 1980 | 2015 |
| HOA | $677.0 | $423 |
| Days on market | 9 | 96 |
Pricing History
Listed for Sale
Oct 16, 2026
$369,000
Initial Listing
Sold
Dec 19, 2014
$154,500
Public Record
Sold
May 31, 2000
$112,000
Public Record
Sold
Jun 16, 1997
$75,000
Public Record