
Fallbrook, California 92028
This High-Potential Investment Opportunity is listed at $1,325,000, positioned well below the $1,387,095 Fair Market Value by 4%, offering $62,095 in Instant Equity. Featuring a Good Condition Rating, this 4,173 SF estate includes a gourmet chef’s kitchen, pebble-finish pool, and panoramic canyon views. With two legal parcels totaling 5 acres, the property provides significant expansion potential for an ADU or vineyard. This is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking a turnkey, income-generating sanctuary.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 2323 Wilt Subject | $1,325,000* List Price | 3 | 3 | 4,173 | $332 | - |
A 2422 Gird Road Sold | $1,330,000 | 5 | 5 | 3,720 | $358 | 0.8 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
Built in 1991, this property is exceptionally well-maintained and marketed as a turnkey investment. The gourmet kitchen has been updated with premium Thermador appliances and granite countertops. While the Saltillo tile and architectural details reflect the 30+ year age, the overall condition is move-in ready with functional systems, a comprehensive water purification system, and a newer spa, fitting the 'well-maintained' criteria for a Good rating.
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 includes two legal parcels totaling nearly 5 acres, offering a turnkey short-term rental income stream and significant upside to build an ADU, guest house, or private vineyard.
Perched on a scenic ridgeline, the estate provides breathtaking west-facing sunset and canyon views, ensuring ultimate privacy and a serene Mediterranean atmosphere.
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.
While some local schools perform well, others in the immediate district have lower ratings (4-5), which may be a consideration for families prioritizing top-tier educational proximity.
Managing five acres of terraced landscape and a large 1990s-built estate requires substantial ongoing maintenance and potentially higher insurance costs due to the rural hilltop location.
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 | 3.7 |
| Baths | 3.0 | 3.0 |
| Square foot | 4,173 | 2,314.399 |
| Lot Size | 172,933 | 47,267.225 |
| Price | $1.32M | $919.6K |
| Price per sq ft | $318 | $428 |
| Built year | 1991 | 1992 |
| HOA | $0 | $195 |
| Days on market | 40 | 59 |
Jul 31, 2026
$1,325,000
Initial Listing
Dec 12, 2017
$95,000
Public Record
Apr 28, 2003
$207,500
Public Record