3237 Canonita Drive, Fallbrook, California 92028, Fallbrook, 92028 - 3 bed, 3 bath
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3237 Canonita Drive
Fallbrook, California 92028
ACTIVE
CONDITION: GOOD
3Beds
3Baths
2,624Sq Ft
90,169.203Lot Size
Property Price
LIST PRICE$1,075,000
EST. MARKET VALUE
$1,067,513
SUMMARY
This Spacious Rural Estate is a Strong Value Opportunity, listed at $1,075,000—positioned slightly above the $1,067,513 Fair Market Value. While priced at market, the property offers significant upside through its 2.07-acre lot, 75-tree avocado grove, and ADU potential. Featuring an updated kitchen, new paver driveway, and Trex deck, the home maintains a Condition Rating of 3. With panoramic mountain views and proximity to I-15, this is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking a lifestyle property with income-generating infrastructure.
Estimated Market Value
$1,067,513
Based on Realkey algorithm analyzing recent comparable sales in Fallbrook.
Comparable Sales Map
Comparables within 1 miles sold in recently
Map unavailable.
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 3237 Canonita Drive Subject 3 bd · 3 ba · 2,624 sqft · $407 | $1,075,000* List Price | 3 | 3 | 2,624 | $407 | - |
A 1482 Wilt Rd. Sold 2 bd · 2 ba · 1,694 sqft · $475 · 0.8 mi | $805,000 | 2 | 2 | 1,694 | $475 | 0.8 mi |
B 3162 Reche Active Under Contract 3 bd · 3 ba · 2,364 sqft · $397 · 0.6 mi | $939,000 List Price | 3 | 3 | 2,364 | $397 | 0.6 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Good
TeardownExcellent
Property is move-in ready.
Built in 1979 but extensively well-maintained and updated. Features a modern kitchen with white cabinetry and stainless steel appliances, along with updated major systems including the HVAC and roof. The interior and exterior (new paver driveway and Trex deck) reflect a move-in ready condition consistent with a 5-15 year renovation cycle.
PROSSTRENGTHS & OPPORTUNITIES
- High Available Lot Utilization
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 = 2624.
- Agricultural & Income Potential
The 2.07-acre lot features a producing 75-tree avocado grove and dedicated space for a detached ADU with its own driveway, offering significant value-add and rental income opportunities.
- Modern Infrastructure Upgrades
The property includes essential high-ticket updates such as a newer concrete tile roof, updated HVAC system, remodeled kitchen, and a new paver driveway, minimizing immediate maintenance costs.
CONSRISKS & DEFICIENCIES
- MLS Listing Discrepancy
Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 3, other record bedroom count = 2.
- Agricultural Maintenance
The producing avocado grove and expansive acreage require ongoing specialized care and irrigation management, which may be a significant responsibility for non-agricultural buyers.
- 1970s Era Layout
Despite modern updates, the 1979 construction may feature architectural elements and a floor plan that feel dated compared to modern open-concept luxury homes.
About 3237 Canonita Drive
Fallbrook acreage with expansive views, a producing avocado grove & ADU/sport court/pool potential! This well-maintained 3-bedroom, 2.5-bath, 2,624 sq ft home sits on 2.07 private acres and offers a rare opportunity to build a detached ADU with its own private driveway—ideal for rental income, multigenerational living, or guests. Seventy five producing avocado trees with irrigation infrastructure for up to 150, plus usable land for hobby farming, gardening, recreation, and entertaining. Features include an updated kitchen, vaulted wood-beam ceilings, wood-burning fireplace, Trex deck, new paver driveway, updated roof and HVAC, and large 2-car garage. Buyers may also want to explore rural land financing options that could make owning acreage more attainable. Minutes to I-15, approximately 20 minutes to Temecula and 30 minutes to the coast. A unique opportunity to enjoy rural living with room to grow. Property highlights: • 2.07 acres with a 75-tree producing avocado grove, irrigation set up for up to 150 trees • 20 minutes to Old Town Temecula, 30 minutes to the beach • Minutes to I-15 and 3 minutes to Monserate Winery • Usable land for recreation or entertaining • Updated concrete tile roof and HVAC • Space to add an ADU for rental or multigenerational living • Well-maintained septic system
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1979
- Lot Size
- 90,169.203 Sq. Ft.
Interior
- Total Bedrooms
- 3
- Total Bathrooms
- 3 (3 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Fallbrook Unified Schools
Live Oak Elementary School
Grades K-6 • 1.9 mi
4/10
La Paloma Elementary School
Grades K-6 • 3.1 mi
6/10
Maie Ellis Elementary
Grades K-6 • 4.1 mi
5/10
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 3.8 |
| Baths | 3.0 | 3.0 |
| Square foot | 2,624 | 2,343.723 |
| Lot Size | 90,169.203 | 46,829.322 |
| Price | $1.07M | $932.8K |
| Price per sq ft | $410 | $433 |
| Built year | 1979 | 1992 |
| HOA | $0 | $198 |
| Days on market | 45 | 60 |
Pricing History
Listed for Sale
Sep 10, 2026
$1,075,000
Initial Listing
Sold
Apr 5, 2006
$699,000
Public Record
Sold
Sep 29, 1999
$290,000
Public Record