3264 Shearer Crossing, Fallbrook, California 92028, Fallbrook, 92028 - 5 bed, 2 bath
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Fallbrook, California 92028
Analysis of 3264 Shearer Crossing, Fallbrook, California 92028 is currently available with a list price of $4,200,000. The property maintains a Fair Condition Rating (50/100), suggesting the property is in acceptable condition with potential for value enhancement through selective updates and improvements. Located in a high-demand neighborhood within the Fallbrook Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for both Buy-and-Hold Investors and Owner-Occupants willing to undertake light renovation work.
Property is moderate renovation needed.
The property, built in 1985, features a Spanish-Pueblo style with original or very early-era finishes that are now significantly dated. The kitchen has wood cabinets, tiled countertops, a white refrigerator, and fluorescent lighting, all indicative of its age. Bathrooms also show dated tiled surrounds, vanities, and fixtures. While the home appears well-maintained and functional, it requires substantial cosmetic updates to meet current aesthetic standards, particularly in the kitchen and bathrooms. This aligns with the 'Fair' criteria of being aged but maintained, with major components functional but showing signs of being outdated, and likely no major renovations since construction.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 4066761, living area = 3313.
The property boasts coveted water rights to the San Luis Rey River and two high-producing wells, providing a virtually limitless and efficient water supply for agricultural, residential, and potential development needs, a rare and valuable asset in California.
An expansive 93-acre estate with approximately 20 acres of flat, usable terrain offers significant potential for expansion, including a world-class equestrian facility, a luxury private compound, or even a luxury subdivision.
While described as 'timeless elegance,' the 1985 build year and mention of 'plush carpeting in select bedrooms' suggest some interior elements, despite being well-maintained, may not align with contemporary luxury finishes and could require updates for certain buyers.
A 93-acre agricultural estate with extensive water infrastructure and mature orchards inherently demands significant ongoing maintenance, operational costs, and potentially specialized management, which can be a substantial commitment for a buyer.
The unique combination of a large agricultural estate, extensive water rights, and specific architectural style caters to a very particular buyer demographic, which may result in a longer marketing period compared to more broadly appealing properties.
A once-in-a-lifetime opportunity to own an exceptional 93-acre estate in the heart of Fallbrook with COVETED WATER RIGHTS TO THE SAN LUIS REY RIVER. First, the home is majestically Perched atop a hillside, an exquisitely crafted Spanish-Pueblo estate capturing the essence of timeless elegance and serene countryside living. Framed by panoramic vistas of lush orchards, rolling valleys, and distant mountains, the residence is a masterclass in architectural thoughtful design. Step inside to discover a warm, inviting interior from hand-laid Saltillo tile and rich wood flooring to plush carpeting in select bedrooms, every detail has been curated for both comfort and views. The expansive layout features 5 generously sized bedrooms, two dedicated offices, and an airy loft. The heart of the home, a sun-drenched kitchen, boasts a picture window that perfectly frames the sprawling orchard views. Two wood burning fireplaces lend additional warmth and character to the living spaces, creating cozy retreats for every season. Step out to the backyard where a resort-style pool and spa invite year-round relaxation. Now lets talk about the land... This agricultural paradise with a water supply so abundant, it defies expectations boasting two high-producing wells and WATER RIGHTS TO THE SAN LUIS REY RIVER, providing a virtually limitless flow to sustain farming, equestrian dreams, or other developments. The water infrastructure is truly unmatched with Two 65-foot-deep wells producing up to 1,000 GPM, currently operating at 340 GPM with 65 PSI; One well is powered by a 20HP submersible pump, the other by a diesel-driven line shaft turbine. Water delivery that spans the entire estate with ease and efficiency, including the house with a reverse osmosis system for potable water. The land is as rich and versatile as its water supply. Currently planted with 11 acres of mature orange trees (25+ years old), 25 acres of various producing avocado trees (ranging from 10 to 25+ years) and a vibrant variety of fruit trees, including mandarins, apples, persimmons, and peaches. Approximately 20 acres of flat, usable terrain present an open canvas for expansion—whether envisioning a world-class equestrian facility, a luxury private estate compound, or a potential luxury subdivision. Let your imagination run free!! Steeped in rich agricultural history, this land has been lovingly maintained by the same family whose legacy helped shape Fallbrook’s renowned citrus and avocado industry.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 5.0 | 3.0 | 90% |
| Baths | 2.0 | 3.0 | 32% |
| Square foot | 3,313 | 2,299 | 84% |
| Lot Size | 4,066,761.5 | 25,265 | 99% |
| Price | $4.20M | $929.0K | 100% |
| Price per sq ft | $1.3K | $423 | 100% |
| Built year | 1985 | 1991 | 34% |
| HOA | $0 | $0 | 50% |
| Days on market | 250 | 143 | 84% |
Oct 9, 2025
$4,200,000
Initial Listing