35768 Rice Canyon, Fallbrook, California 92028, Fallbrook, 92028 - 4 bed, 5 bath
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Fallbrook, California 92028
Analysis of 35768 Rice Canyon, Fallbrook, California 92028 is currently available with a list price of $1,495,000. 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.
Built in 1986, this 38-year-old property is dated but well-maintained. The kitchen features older white cabinetry and dated tile countertops, though it has a newer stainless steel range. While the flooring and paint have been refreshed and solar panels added, the overall aesthetic and 'no warranties' trust sale status align with a property needing minor updates and modernization.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 163350, living area = 1917.
The estate features a rare 50,000 sqft warehouse, a 1-bedroom ADU, and a dedicated home office, providing unmatched versatility for storage, business operations, or multi-generational living.
Situated on 3.75 acres, the property is fully equipped for horse enthusiasts with dedicated rings and flat riding space, complemented by a greenhouse, chicken coop, and flourishing fruit trees.
Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 4, other record bedroom count = 3.
Sold as a trust sale with no seller warranties, the property carries a higher risk for buyers regarding potential deferred maintenance or undisclosed structural issues.
At approximately 1,917 sqft, the main home is relatively small compared to the massive 50,000 sqft warehouse and 3.75-acre lot, which may not meet the needs of buyers seeking a large luxury manor.
Welcome to this stunning 3.75-acre equestrian paradise, featuring a beautifully appointed four-bedroom home with five bathrooms, spanning an impressive 1,970 square feet. This property is a dream for horse enthusiasts, complete with well-maintained horse rings and ample flat space for riding and training. As you enter through the gated entrance, you’re greeted by a picturesque landscape, including a beautifully plotted garden adorned with trellises and flourishing fruit trees. The outdoor amenities are truly exceptional, featuring a sparkling pool perfect for cooling off on warm days and a dedicated pool house for entertaining. Enhancing the estate’s versatility is a charming one-bedroom ADU, perfect for guests or multi-generational living, alongside a dedicated home office that provides a quiet, professional environment for remote work. For the ultimate in relaxation, unwind in the wonderful sauna, a luxurious addition to the property’s wellness offerings. Take advantage of the property’s sustainability features, including a field of solar panels that enhance energy efficiency. With two large wells, water supply is abundant for all your needs. The estate also includes a spacious garage, an expansive 50,000 square foot warehouse offering endless possibilities for storage or workshop space, and a functional chicken coop for a taste of farm life. A greenhouse adds to the charm, providing an ideal space for growing your favorite plants and vegetables year-round. This remarkable estate combines luxury, functionality, and natural beauty, making it the perfect place to call home. No warranties from seller this is a trust sale.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 4.0 | 3.0 | 51% |
| Baths | 5.0 | 3.0 | 92% |
| Square foot | 1,917 | 2,288 | 31% |
| Lot Size | 163,350 | 25,265 | 90% |
| Price | $1.50M | $929.0K | 89% |
| Price per sq ft | $780 | $423 | 99% |
| Built year | 1986 | 1991 | 34% |
| HOA | $0 | $0 | 50% |
| Days on market | 0 | 142 | 8% |
Apr 29, 2026
$1,495,000
Initial Listing
Dec 15, 2004
$850,000
Public Record
May 9, 1994
$30,000
Public Record