35916 Rice Canyon Road, Fallbrook, California 92028, Fallbrook, 92028 - 3 bed, 2 bath

35916 Rice Canyon Road, Fallbrook, California 92028 home-pic-0
ACTIVE$1,060,000
35916 Rice Canyon Road, Fallbrook, California 92028
3Beds
2Baths
1,536Sqft
909,968Lot
Year Built
1979
Close
-
List price
$1.06M
Original List price
$1.06M
Price/Sqft
$690
HOA
-
Days on market
-
Sold On
-
MLS number
PW25128968
Home ConditionGood
Features
Good View: Mountain(s)
Deck
ViewMountain(s)

About this home

We found 3 Cons,5 Pros. Rank: price - $1.06M(64th), sqft - 1536(17th), beds - 3(49th), baths - 2(33th).

Breathe easy as you relax and unwind at your quaint single-story log-style home featuring a stunning panoramic view. With 20.89 acres of picturesque rolling hills, this mini-ranch offers endless possibilities for enjoying the wonders of nature and for generating different sources of income. Currently, a portion of this mini-ranch is being developed as an exotic fruit farm featuring a number of exotic fruits such as guava, Australian custard apple, Israeli custard apple, banana, orange, peach, jujube, java, sapote, mango, longan, tangerine, berry, berry, rolia, lemon, and sakara flower. The rolling hillsides have great potential to nurture grapevines or avocados for personal enjoyment or additional income streams. The main house is a perfect mix of contemporary and rustic architecture, featuring all the country charm paired with the perfect amount of modern luxury. The spacious main house features 3 bedrooms, 2 bathrooms, and a side deck and patio with a picturesque panoramic view. This house is also currently rented providing another source of income stream. The property also features a detached 2-car garage, a fixer-upper mobile home, and boundless space for the potential additional construction of AirBnb tiny homes. Please check with the city for any updated ordinances and/requirements. This huge parcel is also currently home to a number of farm animals, including chickens, peacocks, egg-laying geese, and dogs. Nevertheless, there is plenty of room on these extensive acres for animals like horses, goats, alpacas, and fish.

Price History

Date
Event
Price
06/09/25
Listing
$1,060,000
Condition Rating
Good

Built in 1979, this property has undergone significant updates that elevate its condition beyond its original age. The kitchen features modern light wood cabinetry, solid surface countertops, stainless steel appliances (including a microwave and gas range), and recessed lighting, suggesting a renovation within the last 5-15 years. The flooring throughout the main living areas is consistent laminate/hardwood, appearing well-maintained and contemporary. While no bathroom images are provided, the overall description of 'modern luxury' and the visible updates in the kitchen and living spaces indicate a move-in ready home with no immediate major renovations required. The property appears well-maintained with functional systems, aligning with the 'Good' condition criteria.
Pros & Cons

Pros

Extensive Income-Generating Potential: The property offers multiple current and future income streams, including a rented main house, an established exotic fruit farm, and potential for grapevines/avocados and AirBnB tiny homes.
Vast & Versatile Acreage: With 20.89 acres of picturesque rolling hills, the property provides ample space for agricultural pursuits, animal husbandry, recreational activities, and future development.
Stunning Panoramic Views: The property boasts stunning panoramic views from the main house and deck, offering significant aesthetic value and desirability.
Unique Rustic-Contemporary Charm: The main house features a distinctive log-style architecture blended with contemporary elements, offering a unique and appealing aesthetic.
Privacy and Natural Beauty: The large, secluded acreage provides exceptional privacy and a serene natural environment, ideal for a tranquil lifestyle.

Cons

Condition of Secondary Structures: The presence of a 'fixer-upper mobile home' indicates a structure requiring significant investment for renovation or removal, which could be a financial burden.
Regulatory Uncertainty for Development: The explicit mention to 'check with the city for any updated ordinances and/requirements' for additional construction suggests potential complexities, delays, or restrictions in realizing the full development potential for AirBnB units.
Niche Market Appeal: The log-style architecture, while charming, may appeal to a more specific buyer demographic, potentially limiting the pool of interested buyers compared to more conventional home styles.

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