
Fallbrook, California 92028
This 4-bedroom farmhouse is a Strong Value Opportunity, listed at $1,350,000—positioned above the $1,242,900 Fair Market Value. While priced for the current market, the property offers significant upside through its 2.01-acre lot and Equestrian & Agricultural Potential. Featuring a Condition Rating of 3, the home includes a Granite Kitchen and a first-floor primary suite. With no HOA restrictions and space for an ADU, this versatile estate is an ideal acquisition for Equestrian Enthusiasts or Owner-Occupants seeking a private, custom homestead with panoramic hill views.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1850 Canyon Heights Road Subject | $1,350,000* List Price | 4 | 3 | 2,646 | $470 | - |
A 4323 Rainbow Vista Sold | $1,015,000 | 4 | 3 | 1,895 | $536 | 0.8 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
While the structure dates to 1992, the home has undergone significant updates within the 5-15 year range. The kitchen features granite countertops and stainless steel appliances, and the interior shows updated flooring, modern light fixtures, and neutral paint. The property is well-maintained and move-in ready.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 87555, living area = 2646.
The expansive 2.01-acre lot is fully equipped for ranch living with a horse arena, corral, and mature fruit trees, all free from HOA or CC&R restrictions.
The home features a contemporary updated kitchen with granite countertops and a highly desirable first-floor primary suite, offering both style and long-term accessibility.
Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 4, other record bedroom count = 3.
The extensive acreage and specialized equestrian facilities require significant ongoing maintenance and labor to preserve the grounds and outbuildings.
With a build date of 1992, buyers may need to budget for future upgrades to original mechanical systems or exterior elements not covered by the recent interior updates.
Beautiful custom home on 2.01 acres along a private road! This 4-bedroom farmhouse offers the perfect blend of peaceful country living, comfortable living spaces, privacy and endless possibilities. Step inside to a bright and inviting home featuring a dramatic two-story entry and comfortable family room with a wood-burning stove and access to the back covered concrete patio—an ideal space for dining, relaxing and entertaining guests. The beautiful, updated kitchen features granite countertops, wood cabinetry, recessed lighting, a large center island with ample workspace and a convenient breakfast nook. Separate formal dining and living areas have vaulted ceilings and provide additional space for gatherings and entertaining. The spacious primary suite is conveniently located on the first floor and features a private bath with separate tub and shower and a walk-in closet. Upstairs, enjoy beautiful Fallbrook sunsets and westerly views from the balcony accessed from two of the bedrooms, while the fourth bedroom offers easterly views. The expansive grounds provide plenty of usable space for animals, gardening, recreation or future improvements and include a horse arena, corral, two large sheds, and mature fruit and avocado trees. Ideally located just 5 minutes from the I-15 freeway, enjoy the space and privacy of country living while remaining close to shopping, dining, entertainment, wineries and the beach. Lots of room to create your own private homestead, horse property, ranch or dream estate, with potential for an ADU and plenty of space to make the property your own. No HOA and no CC&Rs.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 4.0 | 3.7 |
| Baths | 3.0 | 3.0 |
| Square foot | 2,646 | 2,314.399 |
| Lot Size | 87,555.602 | 47,267.225 |
| Price | $1.35M | $919.6K |
| Price per sq ft | $510 | $428 |
| Built year | 1992 | 1992 |
| HOA | $0 | $195 |
| Days on market | 15 | 59 |
Aug 25, 2026
$1,350,000
Initial Listing