
Fallbrook, California 92028
This Spacious Custom Estate represents a High-Potential Investment Opportunity, currently listed at $1,499,800, which aligns with its $1,499,800 Fair Market Value. Featuring a 4-Condition Rating, the property offers significant flexibility through its renovated lower level, separate-entry studio, and expansive 3.56-acre lot. While the home provides a private, resort-like lifestyle with a pool, spa, and wraparound balconies, the dated primary suite offers a clear path for value-add cosmetic modernization. This is an ideal acquisition for Multigenerational Families or Savvy Owner-Occupants seeking a secluded retreat in Gird Valley.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 2923 Nuestra Subject 4 bd · 5 ba · 5,973 sqft · $251 | $1,499,800* List Price | 4 | 5 | 5,973 | $251 | - |
A 2323 Wilt Active 3 bd · 3 ba · 4,173 sqft · $318 · 0.8 mi | $1,325,000 List Price | 3 | 3 | 4,173 | $318 | 0.8 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1982, the property is well-maintained and functional with some partial updates, including a renovated lower level and newer kitchen appliances. However, many areas remain dated, such as the primary bathroom's 1980s-style tile work and fixtures, indicating it is ripe for cosmetic modernization.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 155074, living area = 5973.
The estate offers exceptional flexibility with a renovated lower level featuring a kitchenette, a separate-entry studio, and an additional flex room, ideal for guests or home-based businesses.
Situated on 3.56 private acres in Gird Valley wine country, the property features a private canyon, mature oak groves, a year-round stream, and private trails, providing a rare retreat-like atmosphere.
Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 4, other record bedroom count = 6.
With 83 days on market and multiple price reductions from the original $1.65M listing, the property may be facing challenges in buyer perception or initial overvaluation.
Despite the expansive acreage and hilly terrain, the listing indicates only 'peek-a-boo' views, which may be a drawback for buyers expecting panoramic vistas at this price point.
PRIVATE GIRD VALLEY WINE COUNTRY RETREAT At the end of an oak-lined drive, tucked into its own private canyon, this nearly 6000 square foot custom estate feels worlds away. Mature live oak & rare Engelmann oaks, private trails & a year-round stream wind through 3.56 acres, creating a sense of seclusion in Fallbrook's Gird Valley wine country. Mornings begin with birdsong, afternoons unfold by the pool & evenings settle in beneath dark country skies. This home was designed to embrace its setting. Wraparound balconies, patios and French doors extend living spaces outdoors, with views across the oaks, surrounding hills, pool & spa. Inside, distinctive architectural details give the home warmth & character: soaring beamed ceilings, an arched window, an oversized brick fireplace, custom built-ins, open shelving, solid-brass hardware & an artist-signed etched-glass window. At the heart of the home, the European-inspired chef's kitchen combines generous entertaining space with one-of-a-kind details, including a French copper prep sink, coffered tin ceiling, Sub-Zero refrigerator, newer stainless cooktop & double oven, two dishwashers, window seating & a Dutch door opening to the balcony. The primary suite offers its own private escape, including a Juliet balcony overlooking the pool. A library/bedroom with built-in shelves, reading nooks & a private patio provides another intimate retreat. THE PROPERTY'S GREATEST ADVANTAGE IS ITS FLEXIBILITY. The renovated lower level includes two bedrooms & baths, a 2nd family/game room, kitchenette, laundry & mud rooms. The studio, with its separate entrance through the front patio, has a built-in desk, kitchenette & full bath, which creates additional space for work-from-home, guests or multigenerational living, while a separate-entry exercise/flex room with bath offers more possibilities. Outside, the property becomes its own retreat. Unwind in the pool & spa, wander the private trails to the stream, or simply enjoy the quiet from one of the home's many balconies & patios. New wood decking, a split driveway with turnaround space, separate 3+ car garage & RV parking add practicality to the setting - all with no HOA. Close to Monserate Winery & Gird Valley Preserve, with convenient access to downtown Fallbrook and I-15, and 25 minutes to the beach at Oceanside, this property offers an uncommon combination of privacy (no close neighbors) & accessibility. THIS IS A PLACE TO GATHER, RETREAT & CREATE.
No exterior & parking available.
Grades K-6 • 1.8 mi
Grades K-6 • 3.0 mi
Grades K-6 • 4.0 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 4.0 | 3.8 |
| Baths | 5.0 | 3.0 |
| Square foot | 5,973 | 2,343.723 |
| Lot Size | 155,074 | 46,829.322 |
| Price | $1.50M | $932.8K |
| Price per sq ft | $251 | $433 |
| Built year | 1982 | 1992 |
| HOA | $0 | $198 |
| Days on market | 111 | 60 |
Sep 21, 2026
$1,499,800
$1,499,900
+0% Price Increase
Initial Listing
Sep 13, 2026
$1,499,900
$1,592,000
-6% Price Drop
Initial Listing
Aug 22, 2026
$1,592,000
$1,650,000
-4% Price Drop
Initial Listing
Jul 6, 2026
$1,650,000
Initial Listing
Mar 17, 1997
$460,000
Public Record