
Fallbrook, California 92028
This custom-built residence represents a High-Potential Investment Opportunity, currently listed at $970,000. While priced above the $887,205 Fair Market Value, the property offers significant long-term upside through its 5.11-acre lot and ADU potential. Featuring a Fair Condition Rating due to original finishes, the home provides a canvas for cosmetic modernization. With a climate-controlled workshop and panoramic mountain views, this asset balances rustic architectural character with functional versatility. It is an ideal acquisition for Value-Add Investors or Owner-Occupants seeking a scenic, customizable estate.
Property is moderate renovation needed.
The property was built in 2005, making it 21 years old. While the home is exceptionally well-maintained and features updated flooring, the kitchen cabinetry and bathroom tile/fixtures are original to the construction and are now considered dated. Per the criteria, homes over 20 years old with original finishes fall into the Fair category as they require cosmetic updates.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 222591, living area = 2148.
Situated on over 5 acres, the property offers exceptional privacy and includes a dedicated pad for a future ADU, providing significant versatility and value-add potential.
The residence features a unique blend of rustic and contemporary styles, highlighted by vaulted ceilings, exposed wood beams, and large windows that maximize natural light and mountain views.
With only three bedrooms across 2,148 square feet, the layout may not accommodate larger families or those requiring multiple dedicated home offices.
The massive 5.11-acre lot, while scenic and secluded, requires substantial ongoing maintenance and land management compared to standard residential parcels.
This gated property is a spacious custom-built residence that combines rustic architectural elements (exposed wood beams and vaulted ceilings) with contemporary features (large windows, open floor plan, and extensive natural lighting). The design emphasizes connection to the surrounding landscape and mountain views. The setting feels secluded and scenic, with long-range views in multiple directions. The three-car garage with AC is perfect for a workshop. There’s an extra pad available for potential future ADU options. Horses are welcome, and it’s just a short ride to the Santa Margarita River Trail.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 4.0 |
| Baths | 3.0 | 3.0 |
| Square foot | 2,148 | 2,169 |
| Lot Size | 222,591.594 | 47,480.4 |
| Price | $939.0K | $917.5K |
| Price per sq ft | $437 | $426 |
| Built year | 2005 | 1991 |
| HOA | $0 | $176 |
| Days on market | 44 | 60 |
Jul 16, 2026
$939,000
$970,000
-3% Price Drop
Initial Listing
Jun 8, 2026
$970,000
Initial Listing
Jun 1, 2021
$822,000
Public Record
May 7, 2002
$115,000
Public Record
Jan 9, 2001
$80,000
Public Record