
Fallbrook, California 92028
This High-Potential Investment Opportunity is listed at a List Price of $1,598,000, which aligns with its $1,598,000 Fair Market Value. This Turnkey Short-Term Rental asset features a Condition Rating of 3, boasting a gourmet chef’s kitchen, pebble-finish pool, and panoramic canyon views. With nearly 5 acres and two legal parcels, the property offers significant expansion potential for an ADU or vineyard. This estate is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking a private, income-generating sanctuary in the Fallbrook Union district.
Property is move-in ready.
Built in 1991 (33 years old), the property is in well-maintained, turnkey condition. The kitchen has been updated with premium Thermador appliances and custom cabinetry, likely within the 5-15 year range. Systems are bolstered by a comprehensive water purification system and a newer spa. While the Saltillo tile and architectural style are original, the home is move-in ready with no visible maintenance needs.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 172933, living area = 4173.
The property consists of two legal parcels totaling nearly 5 acres, offering a turnkey short-term rental income stream and a blank canvas for adding an ADU, guest house, or private vineyard.
This 4,173 SF estate features high-end architectural details including soaring vaulted ceilings with exposed timber beams, a gourmet chef’s kitchen with Thermador appliances, and authentic Saltillo tile.
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =172933, other record lot size in square feet = 107157.
The list price was recently raised by $273,000 from the original asking price, which may lead to appraisal challenges or buyer resistance in a fluctuating market.
The assigned public schools, such as Fallbrook High and Live Oak Elementary, carry mid-range ratings (4-5/10), which may be a concern for families prioritizing top-tier educational performance.
TURNKEY SHORT-TERM RENTAL & INVESTOR MASTERPIECE ON 5 ACRES! Experience the ultimate blend of custom Mediterranean luxury, privacy, and proven income potential at this spectacular hilltop estate. Perched on a scenic ridgeline with panoramic, west-facing sunset and canyon views, this custom-built 4,173 SF masterpiece features 4 spacious bedrooms, 3 bathrooms, and an unbeatably flexible layout. Already successfully optimized as a high-performing short-term rental, this property represents a rare, turnkey cash-flow opportunity for savvy investors or an incredible multi-generational sanctuary for owner-occupants. Step inside to dramatic interiors showcasing soaring vaulted ceilings, beautiful exposed timber beams, a floor-to-ceiling stone fireplace, and authentic Saltillo tile that radiates timeless Spanish/Santa Barbara charm. The massive gourmet chef’s kitchen serves as the heart of the home, fully equipped with premium Thermador appliances, dual sinks, custom lighted cabinetry, and a massive center island. The layout flows effortlessly out to a resort-style pool deck and pebble-finish pool, providing an extraordinary indoor-outdoor entertainment experience against a backdrop of rolling hills. For the investor, the value here is unparalleled. A rare and major benefit includes two legal parcels spanning nearly 5 acres of terraced landscape, offering a completely blank canvas to build an additional guest house/ADU, expand your short-term rental footprint, or create a private vineyard. Complete with a 3-car garage, expansive driveway parking for up to 11 vehicles, a primary suite with its own private view balcony, and top-tier upgrades like a newer above-ground spa and comprehensive water purification system. Gated, private, and situated in the highly desirable Fallbrook area, this income-generating view estate is priced for immediate interest. Schedule your tour today and secure a truly unique asset with immense long-term upside!
No exterior & parking available.
Grades K-6 • 2.5 mi
Grades K-6 • 4.7 mi
Grades K-5 • 4.9 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 3.8 |
| Baths | 3.0 | 3.0 |
| Square foot | 4,173 | 2,343.723 |
| Lot Size | 172,933 | 46,829.322 |
| Price | $1.60M | $932.8K |
| Price per sq ft | $383 | $433 |
| Built year | 1991 | 1992 |
| HOA | $0 | $198 |
| Days on market | 86 | 60 |
Oct 3, 2026
$1,598,000
$1,325,000
+21% Price Increase
Initial Listing
Jul 31, 2026
$1,325,000
Initial Listing
Dec 12, 2017
$95,000
Public Record
Apr 28, 2003
$207,500
Public Record