
Fallbrook, California 92028
This Multi-Generational Estate represents a Strong Value Opportunity, listed at $1,199,000—positioned well below the $1,267,413 Fair Market Value by 5%. This valuation gap offers $68,413 in Instant Equity. Featuring a Fair Condition Rating, the property includes a 900 sqft lower-level suite, panoramic sunset views, and a pool/spa on over 2 acres. While the home requires modernization, its unique layout and agricultural potential make it an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking a customizable, private sanctuary.
Property is moderate renovation needed.
Built in 1983, this 41-year-old home is functional but dated, fitting the 'Fair' criteria. The kitchen features older raised-panel cabinetry, tile countertops, and a fluorescent light box, while the interior retains era-specific elements like sunken living areas and older carpeting. Although it includes some modern systems like solar power and Trex decking, the overall interior requires cosmetic updates and modernization to meet current market standards.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 90169, living area = 2949.
The property includes a separate 900 sqft lower-level unit with a private entry, full kitchen, and living area, offering excellent flexibility for extended family or potential rental income.
Set on over 2 acres, the estate features a pool, spa, solar power, and a diverse grove of fruit trees, providing a private resort-style atmosphere with room for agricultural expansion.
The permit status of the 900 sqft lower-level suite is unknown, which could complicate financing, appraisal valuations, or future resale efforts.
Built in 1983 and marketed as having 'endless potential,' the home likely requires significant cosmetic updates and custom finishes to meet modern luxury standards.
Captivating Views, Sunsets, Fruit Trees, and Endless Potential on 2+ Acres! Welcome to a serene semi-rural paradise offering breathtaking panoramic valley and rolling hill sunset vistas. Situated on a prime lot, this 4 bedroom, 3 bath home overlooks two acres of private grounds filled with a delightful combination of tropical vegetation, fruit trees—including tangelo, lemon, fig, and loquat—with incredible potential to expand into a larger grove. Completing the grounds are a pool, spa, solar power, and an expansive upstairs Trex deck. Downstairs, a separate 900 esf unit with its own private entry features a kitchen, living area, bedroom, bath, patio, and large closet space. With a sprawling footprint, this home presents a fantastic opportunity to add custom finishes and create your ideal estate. Step through the double front doors into the spacious entry hallway with hardwood floors. The sunken living room and formal dining room welcome you with vaulted ceilings, sweeping views, and a dual gas- and wood-burning fireplace. The layout flows into an expansive kitchen with an island, dining nook, and scenic vistas. Adjacent to the kitchen, a sunken family room boasts vaulted ceilings, hardwood floors, a fireplace, wet bar, ceiling light/fan and sliding glass doors leading out to the second Trex deck—perfect for indoor-outdoor lounging against sunset backdrops. Across the hall from the kitchen, there is no shortage of storage space with an oversized walk-in pantry. Beyond that is a spacious fully enclosed breezeway/utility room for the laundry area and dual water heaters before directly accessing the oversized two-car garage. Beyond your main living quarters are 4 bedrooms. The main upper-level primary suite includes vaulted ceilings, two separate bathroom spaces (featuring a main bath with a spa tub, separate shower, and dual sinks), an oversized cedar-lined walk-in closet, and access to an adjoining flex room (ideal for an exercise studio, or relaxation retreat). Additional interior details include subway-tiled bathroom accents, ceiling fans, and some double-pane windows. Living in this coveted pocket of Fallbrook blends peaceful, semi-rural living with outdoor adventure. Located just minutes from the Santa Margarita River Trail Preserve, outdoor enthusiasts will enjoy immediate access to miles of shaded river trails, diverse wildlife, and multi-use equestrian paths. Enjoy the quiet beauty of estate living, sprawling agricultural surroundings, and plenty of privacy. Built in 1983, this main level home offers 2,949 esf featuring 4 bedrooms and 3 bathrooms, plus an additional 900 esf lower-level suite (permit status unknown).
No exterior & parking available.
Grades K-6 • 2.3 mi
Grades K-6 • 3.8 mi
Grades K-8 • 3.1 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 4.0 | 3.8 |
| Baths | 3.0 | 3.0 |
| Square foot | 2,949 | 2,343.723 |
| Lot Size | 90,169.203 | 46,829.322 |
| Price | $1.20M | $932.8K |
| Price per sq ft | $407 | $433 |
| Built year | 1983 | 1992 |
| HOA | $0 | $198 |
| Days on market | 9 | 60 |
Oct 16, 2026
$1,199,000
Initial Listing
Apr 27, 2005
$865,000
Public Record
Jun 10, 2004
$745,000
Public Record