3264 Shearer Crossing, Fallbrook, California 92028, Fallbrook, 92028 - 5 bed, 2 bath

3264 Shearer Crossing, Fallbrook, California 92028 home-pic-0
ACTIVE$4,200,000
3264 Shearer Crossing, Fallbrook, California 92028
5Beds
2Baths
3,313Sqft
4,066,761.5Lot
Year Built
1985
Close
-
List price
$4.2M
Original List price
$4.2M
Price/Sqft
$1,268
HOA
-
Days on market
-
Sold On
-
MLS number
NDP2509791
Home ConditionFair
Features
Excellent View: City Lights, Hills, Mountain(s), Neighborhood, Orchard, Panoramic, Pool
Pool
Spa
Patio
ViewCity Lights,Hills,Mountain(s),Neighborhood,Orchard,Panoramic,Pool

About this home

We found 3 Cons,6 Pros. Rank: price - $4.20M(100th), sqft - 3313(82th), beds - 5(88th), baths - 2(33th).

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.

Price History

Date
Event
Price
10/09/25
Listing
$4,200,000
Condition Rating
Fair

Built in 1985, this property's interior, particularly the kitchen and bathrooms, exhibits significantly dated styles and features. The kitchen has tiled countertops, older wood cabinetry, a dated fluorescent light fixture, and an older white refrigerator. The bathroom also features tiled countertops, a dated vanity, and gold-tone fixtures. While the property appears well-maintained and boasts charming original Spanish-Pueblo elements like Saltillo tile and wood flooring, these areas require substantial aesthetic updates to meet current standards. The presence of a window AC unit suggests a lack of modern central cooling, further indicating the need for system updates.
Pros & Cons

Pros

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 = 4066761, living area = 3313.
Exceptional Water Rights & Infrastructure: The estate boasts coveted water rights to the San Luis Rey River and two high-producing wells (up to 1,000 GPM), providing an abundant and virtually limitless water supply with an efficient delivery system and reverse osmosis for potable water.
Vast & Versatile Estate: An exceptional 93-acre estate featuring approximately 20 acres of flat, usable terrain, offering significant potential for expansion, agricultural development, equestrian facilities, or a luxury subdivision.
Established Agricultural Production: The property includes 11 acres of mature orange trees (25+ years old), 25 acres of producing avocado trees (10-25+ years), and a variety of other fruit trees, providing potential income or a self-sustaining lifestyle.
Panoramic Vistas & Hillside Location: Majestically perched atop a hillside, the residence captures panoramic vistas of lush orchards, rolling valleys, distant mountains, city lights, and the pool area, enhancing its aesthetic appeal and value.
Resort-Style Amenities & Quality Craftsmanship: The property features a resort-style pool and spa, complementing an exquisitely crafted Spanish-Pueblo estate with timeless elegance, hand-laid Saltillo tile, and rich wood flooring.

Cons

High Operating & Maintenance Costs: A 93-acre agricultural estate with extensive water infrastructure, wells, and mature orchards will incur substantial ongoing costs for water, power, labor, and specialized agricultural management.
Niche Market & Limited Buyer Pool: The property's unique scale, agricultural focus, and high price point ($4.2M) target a very specific buyer demographic, potentially leading to a longer marketing period compared to standard residential properties.
Age of Residence: Built in 1985, while described as exquisitely crafted, the home may require updates to certain systems or aesthetics to meet modern luxury standards, as the description emphasizes original craftsmanship rather than recent renovations.

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