1761 Winterwarm Drive, Fallbrook, California 92028, Fallbrook, 92028 - 5 bed, 3 bath
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Fallbrook, California 92028
This Expansive Private Lake Estate is listed at $1,390,000, maintaining a stable valuation relative to its unique acreage and rare water features. While the $1,152,531 Fair Market Value reflects standard residential metrics, the property’s Fair Condition Rating is offset by a separate 2-bedroom apartment and a private lake, providing unmatched lifestyle versatility for guests or extended family. Situated on a 3.31-acre lot in the Fallbrook Union High School District, the home offers Panoramic Mountain Views and agricultural potential. This versatile sanctuary is perfectly suited for Multi-Generational Families or Lifestyle Buyers.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1761 Winterwarm Drive Subject | $1,240,000* List Price | 5 | 3 | 2,792 | $429 | - |
A 2869 Dos Lomas Place Sold | $1,595,000 | 4 | 3 | 3,028 | $527 | 1.0 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1985, this property is well-maintained but shows signs of being aged. While some areas like certain bedrooms with laminate flooring and one main bathroom have more modern updates, the extensive terracotta tile flooring throughout the main living areas and kitchen, along with the style of the main kitchen cabinets and some bathroom fixtures, appear dated. The separate apartment's kitchen and bathroom are also basic and older. The property is functional and move-in ready, but would benefit from minor updates to meet current aesthetic standards, aligning with the 'fair' condition criteria.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 144183, living area = 2792.
Privately set on approximately 3.31 acres, the property offers significant space, seclusion, and a rare blend of usable land.
A separate 2-bedroom apartment provides exceptional flexibility for extended family, guest accommodations, rental income, or dedicated workspace.
Built in 1985, the main residence may require updates to its systems or aesthetics to meet modern buyer expectations, as no recent renovations are specified.
The description notes that agricultural and long-term use possibilities are 'subject to buyer verification,' indicating potential complexities or restrictions requiring thorough due diligence.
A large 3.31-acre property with a private lake and multiple structures will likely entail significant ongoing maintenance, landscaping, and operational costs.
Welcome to one of Southern Fallbrook's most exceptional legacy estates, where privacy, abundant water resources, and breathtaking natural beauty come together on 3.31 fully irrigated acres. Ideally located near Bonsall, this one-of-a-kind property offers a rare combination of lifestyle, long-term resource security, and versatility. At the heart of the estate is an architect-designed residence overlooking a private lake, scenic pond, and beautifully maintained grounds. The property is powered by a fully owned solar energy system and is exceptionally equipped with valuable senior water rights, a high-producing private well, and mature producing lemon, olive, pomegranate, and other fruit trees—an increasingly rare combination in Southern California. Beyond the main residence, the property includes a detached two-bedroom guest house, two site-built casitas connected by an outdoor bathroom, multiple workshops, storage buildings, and extensive usable land. Whether you're envisioning a boutique vineyard, equestrian estate, specialty farm, family compound, or private retreat, the possibilities are endless. Enjoy peaceful outdoor living with picturesque water views, exceptional privacy, and room to create your own vision, all while being just minutes from Bonsall, Interstate 15, shopping, dining, and approximately 30 minutes from North County's beautiful beaches. Major inspections, including septic and fire-related inspections, have already been completed, providing added confidence for buyers. Opportunities to own a property with this combination of senior water rights, independent water sources, owned solar, multiple residences, and prime Southern Fallbrook location are exceedingly rare. Buyer to verify all information, including water rights, well production, permitted uses, inspections, and property improvements.
No exterior & parking available.
Grades K-6 • 2.7 mi
Grades K-6 • 3.3 mi
Grades 7-8 • 2.0 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 5.0 | 4.0 |
| Baths | 3.0 | 3.0 |
| Square foot | 2,792 | 2,169 |
| Lot Size | 144,183.594 | 47,480.4 |
| Price | $1.24M | $917.5K |
| Price per sq ft | $444 | $426 |
| Built year | 1985 | 1991 |
| HOA | $0 | $176 |
| Days on market | 168 | 60 |
Jul 17, 2026
$1,240,000
$1,290,000
-4% Price Drop
Initial Listing
May 20, 2026
$1,290,000
$1,390,000
-7% Price Drop
Initial Listing
Apr 15, 2026
$1,390,000
$1,450,000
-4% Price Drop
Initial Listing
Feb 4, 2026
$1,450,000
Initial Listing
Feb 28, 2011
$426,000
Public Record
Jun 2, 2006
$650,000
Public Record