RealKey
‪(213) 433-7766‬

2064 Santa Margarita Dr., Fallbrook, California 92028, Fallbrook, 92028 - 4 bed, 4 bath

2064 Santa Margarita Dr., Fallbrook, California 92028 home-pic-0
ACTIVE$1,398,000
2064 Santa Margarita Dr., Fallbrook, California 92028
4Beds
4Baths
4,264Sqft
53,143.199Lot

Price Vs. Estimate

The estimated value ($1,398,000) is $0 (0%) lower than the list price ($1,398,000). This property may be overpriced.

Key pros and cons

Top Pros:
High Available Lot Utilization: The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 53143, living area = 4264.
Top Cons:
Property Age & Style Specificity: Built in 1987, the Spanish-style architecture and 'original Saltillo tile' may not appeal to all buyers seeking a more contemporary aesthetic, potentially limiting the buyer pool.

Compared to the nearby listings

Price:$1.40M vs avg $884.0K (+$514,000)87%
Size:4,264 sqft vs avg 2,188 sqft95%
Price/sqft:$328 vs avg $42314%

More Insights

Built in 1987 (38 years old).
Condition: Built in 1987, this property has undergone extensive, high-quality upgrades that make it move-in ready. The kitchen boasts modern stainless steel appliances, leather finish granite countertops with a waterfall edge island, and updated lighting. Bathrooms are similarly updated with contemporary vanities, fixtures, and tiling, including an oversized soaking tub and separate shower in the primary. While some original elements like Saltillo tile and solid mahogany cabinets retain the home's Spanish character, they are well-maintained and high-quality. The addition of luxury vinyl plank flooring, Pella sliding glass doors, and 18 owned solar panels further enhances its condition and efficiency, aligning with a property extensively renovated within the last 5-15 years.
Year Built
1987
Close
-
List price
$1.4M
Original List price
$1.5M
Price/Sqft
$328
HOA
$876
Days on market
-
Sold On
-
MLS number
250035957SD
Home ConditionGood
Features
Excellent View: Mountain(s), Panoramic
Pool
Spa
Patio
ViewMountain(s), Panoramic

About this home

Come for the views and stay for the amazing home!! This Spanish-style home is a hidden gem located in the peaceful and private gated community of Edgewater Estates. The home has been lovingly upgraded and maintained and offers an open floor plan, an abundance of nature light and great views. Features include luxury vinyl flooring, original Saltillo tile in the hallways and kitchen, solid mahogany doors and cabinets, gas fireplaces and tall ceilings. Eighteen owned solar panels make this home energy efficient. Cool off in the lap pool and relax in the spa. Come see this one-of-a-kind home! The spacious kitchen has a large center island with waterfall edge, leather finish granite countertops, stainless steel appliances, breakfast area, huge walk-in pantry and two beverage refrigerators.  Large picture windows in the living room provide spectacular eastern views. The cozy family room has vaulted ceilings, beams, wood stove with custom reclaimed wood wall and mantel. The sunroom can be used for a gym, office or additional living space. An expansive primary bedroom has a gas fireplace, bay window with storage and a large walk-in closet. Primary bath has an over-sized soaking tub, separate shower, double sinks and linen closet.  Upper level can be used as an office, loft or bedroom and includes a full bathroom.Laundry room has wall to wall storage cabinets and a granite countertop. The home also features double panes windows, ceiling fans and Pella sliding glass doors with integrated blinds. The front gated courtyard has a custom fireplace.  Watch the sunsets from the back patio which has remote shades, ceiling fan, Viking barbecue,refrigerator and sink. Outbuilding #1 has a hookup for a propane backup generator - a must have during potential power outages. Outbuilding #2 can be used as a workshop for the DIYer or additional storage.  The acreage at the back of the property, accessible by a new Trex staircase, has raised gardening beds, a storage shed, horseshoe pits and is irrigated with sprinklers and drip irrigation.

Nearby schools

5/10
Maie Ellis Elementary
Public,•K-6•2.0mi
4/10
Fallbrook Street Elementary School
Public,•K-6•2.3mi
4/10
James E. Potter Intermediate School
Public,•7-8•3.0mi
5/10
Fallbrook High School
Public,•9-12•4.1mi
Condition Rating
Good
Built in 1987, this property has undergone extensive, high-quality upgrades that make it move-in ready. The kitchen boasts modern stainless steel appliances, leather finish granite countertops with a waterfall edge island, and updated lighting. Bathrooms are similarly updated with contemporary vanities, fixtures, and tiling, including an oversized soaking tub and separate shower in the primary. While some original elements like Saltillo tile and solid mahogany cabinets retain the home's Spanish character, they are well-maintained and high-quality. The addition of luxury vinyl plank flooring, Pella sliding glass doors, and 18 owned solar panels further enhances its condition and efficiency, aligning with a property extensively renovated within the last 5-15 years.
Pros & Cons

Pros

High Available Lot Utilization: The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 53143, living area = 4264.
Panoramic Views: The property offers spectacular eastern and sunset views, including mountains, enhancing its aesthetic appeal and overall value.
Extensive Upgrades & Quality Finishes: Features numerous high-end upgrades such as luxury vinyl flooring, solid mahogany doors/cabinets, a gourmet kitchen with granite countertops and stainless steel appliances, and Pella sliding glass doors.
Energy Efficiency: Equipped with 18 owned solar panels, significantly reducing utility costs and promoting sustainable living.
Comprehensive Outdoor Amenities: Offers a lap pool, spa, fully equipped outdoor kitchen with Viking barbecue, multiple fireplaces, and extensive landscaping with gardening beds and irrigation.
Gated Community & Privacy: Located within the private and peaceful gated community of Edgewater Estates, providing enhanced security and exclusivity.

Cons

Property Age & Style Specificity: Built in 1987, the Spanish-style architecture and 'original Saltillo tile' may not appeal to all buyers seeking a more contemporary aesthetic, potentially limiting the buyer pool.
High Monthly Association Fees: The $876.0 monthly association fee is substantial and adds a significant recurring cost to homeownership.
Recent Price Reduction: A recent price reduction from $1.499M to $1.398M could suggest initial overpricing or a longer market time, potentially raising questions for prospective buyers about market value.

Best solution for experienced home buyers!

Data-driven home buying experience with our licensed real estate agents and cutting-edge AI

Browse Properties by State Browse housing market trends by state