
Fallbrook, California 92028
This Mediterranean-style estate represents a High-Potential Investment Opportunity, listed at $1,795,000—positioned above the $1,609,213 Fair Market Value. While currently priced above market, the property offers significant upside through its 3.6-acre lot, resort-style pool and spa, and full-size tennis court. With a Condition Rating of 4, the home retains original 2004 finishes, providing a canvas for value-add cosmetic updates. This unique retreat is ideal for Luxury Homeowners seeking a private sanctuary or Value-Add Investors looking to modernize a premier Fallbrook asset.
Property is moderate renovation needed.
Built in 2004, the property is now 20 years old and retains its original Mediterranean-style finishes. While functional and move-in ready, the kitchen cabinetry, built-in appliances, and bathrooms are dated. Additionally, there is visible surface wear and peeling on the exterior patio deck, suggesting a need for minor repairs and aesthetic updates.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 156816, living area = 3529.
Situated on over 3.6 acres of private hillside, this estate offers unparalleled seclusion and vast outdoor space for recreation, gardening, or potential expansion.
The property features a resort-style pool and spa with water features alongside a full-size tennis court, providing high-end recreational options rarely found in residential listings.
Despite the generous 3,529 square footage, the home only offers three bedrooms, which may limit its appeal to larger families or buyers requiring multiple dedicated guest rooms.
The extensive 3.6-acre lot, mature landscaping, and specialized amenities like the pool and tennis court will require significant ongoing upkeep and financial investment.
Nestled in the scenic rolling hills of Fallbrook, this exceptional property at 3013 Olive Hill Road offers a rare blend of privacy, natural beauty, and rural charm. Set on a spacious lot, the home is surrounded by mature trees and lush landscaping, creating a peaceful retreat just minutes from town. With its picturesque setting and versatile potential, this is a unique opportunity to own a slice of Southern California countryside. Perched atop a private hillside, this stunning estate offers a rare combination of luxury, space, and breathtaking natural surroundings. The Mediterranean-style residence is beautifully positioned to capture sweeping views of rolling hills and mature greenery, creating a serene and secluded retreat. The backyard is designed for resort-style living, featuring an elegant pool and spa with cascading water features, surrounded by expansive patios ideal for entertaining or relaxing in total privacy. Just below, a full-size tennis court provides an exceptional amenity rarely found in residential properties and can be converted into pickleball court. A long, private driveway leads to a spacious multi-car garage, while the generous grounds offer endless possibilities for outdoor living, gardening, or recreation. Framed by lush landscaping and natural terrain, this property delivers a true sense of tranquility while still being within easy reach of town. This is a one-of-a-kind opportunity to own a picturesque estate that perfectly blends comfort, recreation, and scenic beauty.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 3.0 | 50% |
| Baths | 3.0 | 3.0 | 50% |
| Square foot | 3,529 | 2,299 | 87% |
| Lot Size | 156,816 | 25,265 | 90% |
| Price | $1.79M | $929.0K | 95% |
| Price per sq ft | $509 | $423 | 80% |
| Built year | 2004 | 1991 | 66% |
| HOA | $0 | $0 | 50% |
| Days on market | 11 | 143 | 8% |
Jun 5, 2026
$1,795,000
Initial Listing
Sep 13, 1996
$235,000
Public Record
Nov 28, 1995
$218,500
Public Record