2494 Donnil Lane, Fallbrook, California 92028, Fallbrook, 92028 - 3 bed, 2 bath
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Fallbrook, California 92028
Analysis of 2494 Donnil Lane, Fallbrook, California 92028 is currently available with a list price of $968,000. 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.
Property is moderate renovation needed.
The property consists of a 1976 rustic barndominium and a newer 2017 casita. While the home is move-in ready and functional for rental purposes, the primary structure is nearly 50 years old and shows significant signs of being outdated, including heavy wood paneling, basic 1970s-style kitchen cabinetry, and older bathroom fixtures. Although it has some recent updates like new LVP flooring, it lacks a full modern renovation and requires aesthetic and system updates to meet current high-quality standards.
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.
Spanning 59 acres with multiple building sites and flat usable space, this property offers rare scale and flexibility for a custom estate, commercial farming, or equestrian use.
The combination of a barndominium, a separate 2017-built casita, and RV hookups provides immediate rental versatility, having previously generated up to $4,000 per month.
The main barndominium dates back to 1976 and is described as rustic, likely requiring significant modernization or renovation to appeal to luxury buyers.
While offering dramatic views, the rugged terrain featuring boulders and ridgelines may present higher site preparation costs and logistical challenges for new construction.
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)
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 3.0 | 50% |
| Baths | 2.0 | 3.0 | 28% |
| Square foot | 2,326 | 2,414 | 47% |
| Lot Size | 2,570,911.25 | 32,234.5 | 99% |
| Price | $968.0K | $932.5K | 54% |
| Price per sq ft | $416 | $416 | 50% |
| Built year | 1976 | 1991 | 20% |
| HOA | $0 | $0 | 50% |
| Days on market | 54 | 181 | 12% |
Apr 17, 2026
$968,000
$978,000
-1% Price Drop
Initial Listing
Apr 9, 2026
$978,000
$988,000
-1% Price Drop
Initial Listing
Apr 2, 2026
$988,000
$998,000
-1% Price Drop
Initial Listing
Feb 27, 2026
$998,000
Initial Listing
Aug 1, 2007
$760,000
Public Record