
Fallbrook, California 92028
This property presents a High-Potential Investment Opportunity with a List Price of $850,000—positioned well above the $746,854 Fair Market Value by -13%. While currently priced as a premium, the 8-acre lot and panoramic mountain views offer significant long-term upside. Featuring a Condition Rating of 4, the home requires interior modernization to reach its full potential. The infrastructure, including a new well and owned solar system, provides a solid foundation for Value-Add Investors or Owner-Occupants seeking a customizable rural estate.
Property is moderate renovation needed.
Built in 1989 (35 years old) and explicitly marketed as a 'fixer property.' While the kitchen has been partially updated with stainless appliances and granite counters (likely 15-20 years ago), the overall interior remains dated with original cabinetry and parquet flooring in bedrooms. Recent infrastructure improvements like the new well and solar system are excellent, but the home requires cosmetic and functional updates to be considered move-in ready by modern standards.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 357627, living area = 1623.
Over 8 acres of usable land featuring greenhouses and outbuildings provides significant potential for agricultural use, equestrian facilities, or the addition of ADUs.
The property boasts a fully owned 28-panel solar system, a new well installed within the last two years, and fire-retardant exterior finishes, offering long-term sustainability and safety.
The home is explicitly marketed as a fixer property, indicating that substantial renovation and capital investment are required to modernize the interior.
At 1,623 square feet, the home's footprint is relatively modest for an 8-acre estate, which may require buyers to invest in an expansion to match the scale of the land.
Escape to the peaceful hills of De Luz where breathtaking panoramic views, complete privacy, and over 8 acres create the ideal country retreat. Accessed through a gated private drive shared with just one neighboring property, this secluded estate offers the space, privacy, and lifestyle that make De Luz one of Fallbrook's most sought-after communities. The 3-bedroom, 2-bathroom home offers 1,623 square feet of living space with a spacious living room and an expansive family room featuring beautiful wood-beamed ceilings. Large windows capture the surrounding views while opening to the covered wraparound deck, creating seamless indoor-outdoor living. At the heart of the home, the kitchen features stainless steel appliances, warm wood cabinetry, tile backsplash, a serving window with bar seating, and overlooks the main living areas and scenic views beyond. Additional highlights include a paved driveway with abundant parking, an attached two-car garage, fully owned 28-panel solar system, owned propane tank, water purification system, and recent infrastructure updates including a new well installed approximately 1.5 years ago and a recently serviced septic system. The home also features fire-retardant roof and stucco finishes for added peace of mind. Beyond the home, over 8 acres provide endless possibilities with multiple greenhouses, existing outbuildings, and plenty of usable land. Whether you're envisioning horses, farming, workshops, additional structures or ADUs (subject to county approval), this property offers incredible flexibility and opportunity. Perfect for buyers looking to renovate and build equity, this fixer property is surrounded by the rolling hills, groves, and natural beauty that define De Luz, while remaining just minutes from downtown Fallbrook, local wineries, and North County amenities. A rare opportunity to create your own private country estate in one of Southern California's most scenic rural settings.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 3.8 |
| Baths | 2.0 | 3.0 |
| Square foot | 1,623 | 2,343.723 |
| Lot Size | 357,627.594 | 46,829.322 |
| Price | $850.0K | $932.8K |
| Price per sq ft | $524 | $433 |
| Built year | 1989 | 1992 |
| HOA | $0 | $198 |
| Days on market | 24 | 60 |
Oct 1, 2026
$850,000
Initial Listing
Mar 4, 1994
$137,500
Public Record