
Fallbrook, California 92028
This Mediterranean Estate represents a High-Potential Investment Opportunity, listed at $2,099,000—positioned well below the $2,205,105 Fair Market Value by 4%. This valuation gap provides $106,105 in Instant Equity. Featuring a 1,000-square-foot guest house, heated pool, and panoramic views, the property maintains a Condition Rating of 3. While school ratings are moderate, the expansive four-acre lot and recent updates offer significant lifestyle value. This is an ideal acquisition for Owner-Occupants seeking a private sanctuary or Buy-and-Hold Investors.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 2369 Vern Drive Subject | $2,099,000* List Price | 5 | 4 | 3,605 | $535 | - |
A 3993 Peony Dr Sold | $2,100,000 | 4 | 4 | 4,243 | $495 | 0.3 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
Although built in 1993 (31 years old), the property is well-maintained and move-in ready due to significant recent updates. Improvements include new luxury vinyl plank flooring, a new water heater, and a kitchen refreshed with new appliances. The systems and structural elements appear functional, and the overall estate condition exceeds the 'Fair' threshold despite its age.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 174240, living area = 5200.
The property spans four picturesque acres featuring a gated entry and a producing orchard with over 70 avocado and fruit trees, offering unparalleled privacy and a resort-style lifestyle.
A detached 1,000-square-foot guest house provides exceptional versatility for multigenerational living, a professional home office, or a creative studio, adding significant functional value.
Living area discrepancy between mls listing and other public or private record. mls listing living area = 5200, other record living area = 3605. Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 5, other record bedroom count = 4.
The assigned public schools, including Live Oak Elementary and Fallbrook High, have moderate ratings (4 and 5 respectively), which may be a consideration for education-focused families.
Managing a four-acre lot with extensive landscaping, a heated pool, and a large producing orchard necessitates significant ongoing maintenance, labor, and utility costs.
Welcome to 2369 Vern Drive, a private gated Mediterranean estate set on four picturesque acres in the rolling hills of Fallbrook. Surrounded by more than 70 avocado and fruit trees, this exceptional property captures breathtaking panoramic views from nearly every room while offering the perfect balance of privacy, elegance, and resort-style living. Rich architectural details including soaring beamed and vaulted ceilings, handcrafted woodwork, dramatic columns, and multiple fireplaces create a warm yet impressive atmosphere throughout. Designed for both everyday living and entertaining, the expansive floor plan features generous gathering spaces, a beautifully updated kitchen with new appliances, and seamless indoor-outdoor living. Outside, enjoy a sparkling heated pool, beautifully landscaped grounds, covered patios, balconies, and tranquil sitting areas overlooking the surrounding hillsides. The approximately 1,000-square-foot guest house provides outstanding flexibility for multigenerational living, extended guests, a private office, or creative studio. Recent improvements include luxury vinyl plank flooring, a new water heater, dishwasher, and refrigerator, enhancing both comfort and value. With a gated entry, three-car garage, producing orchard, and an idyllic setting just minutes from Fallbrook's conveniences, this remarkable estate offers the privacy, character, and lifestyle rarely found in North San Diego County.
No exterior & parking available.
Grades K-6 • 2.9 mi
Grades K-6 • 5.1 mi
Grades K-5 • 5.3 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 5.0 | 3.7 |
| Baths | 4.0 | 3.0 |
| Square foot | 3,605 | 2,314.399 |
| Lot Size | 174,240 | 47,267.225 |
| Price | $2.10M | $919.6K |
| Price per sq ft | $582 | $428 |
| Built year | 1993 | 1992 |
| HOA | $0 | $195 |
| Days on market | 36 | 59 |
Aug 4, 2026
$2,099,000
Initial Listing
Mar 2, 2022
$1,600,000
Public Record
Oct 15, 2003
$765,000
Public Record