1996 Rainbow Glen Road, Fallbrook, California 92028, Fallbrook, 92028 - 2 bed, 3 bath
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Fallbrook, California 92028
This Dragonfruit Farm and View Estate is a High-Potential Investment Opportunity listed at $1,250,000, representing a stable entry at its $1,250,000 Fair Market Value. The property features a 2,442 sq. ft. residence with a Condition Rating of 4, offering significant value-add potential through cosmetic updates to the dated kitchen and bathrooms. Spanning 3.12 acres, the estate includes 1,500 mature dragonfruit trees and panoramic mountain views, providing a unique blend of agricultural income and residential privacy. This versatile asset is ideal for Agricultural Entrepreneurs or Lifestyle Investors seeking a productive family retreat.
Property is moderate renovation needed.
The property was built in 1988, making it 36 years old. While appearing well-maintained, the kitchen features dated light wood cabinets, older laminate-style countertops, and white appliances, indicating no recent renovation. Bathrooms also show dated vanities, fixtures, and tiling. The interior style, including an accent wall and basic lighting, suggests the home has not undergone major updates in the last 20-30 years. It is functional but requires significant cosmetic updates to the kitchen and bathrooms to meet modern standards.
The property features approximately 1,500 mature dragon fruit trees with room to expand up to 10,000, offering substantial farming and potential income opportunities.
Boasts stunning panoramic views of canyons, mountains, and orchards, enhancing the property's aesthetic appeal and overall value.
The estate is described as perfect for peaceful living, generating monthly rental income, investment, farming, or as a dream family retreat, catering to diverse buyer needs.
The property's primary feature as a dragon fruit farm targets a specialized buyer demographic, potentially limiting the pool of interested parties compared to a traditional residential property.
With only 2 bedrooms for an estimated 2,440 sq. ft. home, it may not meet the needs of larger families or those seeking more sleeping accommodations for its size.
The extensive dragon fruit farm requires significant ongoing management, labor, and maintenance, which could be a considerable commitment for buyers not specifically seeking an agricultural venture.
Welcome to this breathtaking Dragonfruit Farm and View Estate in beautiful Fallbrook, San Diego County. This incredible property features approximately 1,500 mature dragon fruit trees—with room to expand up to 10,000. Nestled on the land is a gorgeous, estimated 2,440 sq. ft. home with panoramic views—perfect for peaceful living or generating monthly rental income. Whether you're looking to invest, farm, or find your dream family retreat, this property is packed with potential.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 2.0 | 3.0 | 7% |
| Baths | 3.0 | 3.0 | 50% |
| Square foot | 2,442 | 2,299 | 59% |
| Lot Size | 135,907.203 | 25,265 | 88% |
| Price | $1.25M | $929.0K | 78% |
| Price per sq ft | $512 | $423 | 81% |
| Built year | 1988 | 1991 | 41% |
| HOA | $0 | $0 | 50% |
| Days on market | 361 | 143 | 97% |
Jun 20, 2025
$1,250,000
Initial Listing