2494 Donnil Lane, Fallbrook, California 92028, Fallbrook, 92028 - 3 bed, 2 bath

2494 Donnil Lane, Fallbrook, California 92028 home-pic-0

2494 Donnil Lane

Fallbrook, California 92028

ACTIVE
CONDITION: FAIR
3Beds
2Baths
2,326Sq Ft
2,570,911.25Lot Size

Property Price

LIST PRICE$998,000

SUMMARY

Analysis of 2494 Donnil Lane, Fallbrook, California 92028 is currently available with a list price of $998,000. The property maintains a Fair Condition Rating (50/100), suggesting the property is in acceptable condition with potential for value enhancement through selective updates and improvements. Located in a high-demand neighborhood within the Fallbrook Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for both Buy-and-Hold Investors and Owner-Occupants willing to undertake light renovation work.

Condition Analysis

OVERALL CONDITION SCORE

Fair
TeardownExcellent

Property is moderate renovation needed.

The property features a 1976 'Barndominium' and a newer 2017 casita. While the main house has received some recent updates such as new LVP flooring, the primary kitchen and bathrooms remain dated with a rustic style consistent with the original construction. The property is well-maintained and functional, but the main living structures show signs of age and require modernization to meet current contemporary standards.

PROSSTRENGTHS & OPPORTUNITIES

  • 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 = 2570911, living area = 2326.

  • Expansive Acreage & Versatility

    Spanning 59 acres, this rare property offers immense scale with multiple building sites, agricultural potential, and extreme privacy, providing a blank canvas for a custom estate or ranch.

  • Proven Income Generation

    The property features a separate 600 sq. ft. casita and RV hookups that have historically generated up to $4,000 per month, offering immediate cash flow for an owner-user or investor.

CONSRISKS & DEFICIENCIES

  • Dated Primary Residence

    The original 1976 barndominium is described as rustic and likely requires substantial modernization or a complete overhaul to align with the value of the surrounding land.

  • Rugged Topography Challenges

    While offering natural beauty, the dramatic boulders and untouched native environment may present high costs for grading, land clearing, and ongoing road maintenance.

About 2494 Donnil Lane

Private and peaceful 59-acre ranch in Fallbrook offering incredible value and versatility. This is truly a lot for the money! 59 acres, income potential, views, and natural beauty in an untouched native environment. The rustic Barndominium (approx. 1,726 sq. ft., built 1976) features new LVP flooring upstairs, an upper-level loft with kitchen, living, and dining areas, plus a lower level with laundry, storage, additional room, and second bath. A separate approx. 600 sq. ft. casita (built 2017) adds flexible living space ideal for guests, rental income, or glamping. Property has generated up to $4,000/month. Improvements include fenced yard, outdoor shed, two 1" water meters, two electric meters, RV pad with hookups, and existing asphalt and dirt grove roads from the former avocado operation. The land showcases dramatic boulders, ridgelines, sweeping ocean views, multiple building sites, and areas of flat usable space ideal for farming, horses, barns, or a custom estate. Explore and you’ll find a seasonal creek and pond, spring wildflowers, wildlife, and cool ocean breezes. Private, rural, and removed from neighboring homes. A true rare find with space to expand, build, or enjoy as-is. Make sure to view the virtual tour! (Potential Financing Source Available)

Property Details

Public Facts

Property Type
Single Family Residence
Year Built
1976
Lot Size
2,570,911.25 Sq. Ft.

Interior

Total Bedrooms
3
Total Bathrooms
2 (2 Full, 0 Half)

Exterior & Parking

No exterior & parking available.

Utilities & Misc

HOA Fee
$0 / Month

Neighborhood Insights

Sensitive Facilities

No sensitive facilities data found.

Neighborhood Comparison

FeatureSubjectAverage HomeNeighborhood Ranking (50 Listings)
Beds3.03.0
50%
Baths2.03.0
32%
Square foot2,3262,285
52%
Lot Size2,570,911.2527,007.1
99%
Price$998.0K$917.5K
56%
Price per sq ft$429$423
54%
Built year19761991
22%
HOA$0$0
50%
Days on market8178
5%

Pricing History

Listed for Sale

Feb 27, 2026

$998,000

Initial Listing

Sold

Aug 1, 2007

$760,000

Public Record

Browse Properties by State Browse housing market trends by state