
Fallbrook, California 92028
This Hybrid Income-Generating Property is a Strong Value Opportunity, listed at $849,000—positioned well below the $844,261 Fair Market Value (Note: Market-aligned pricing). Featuring a 2.98-acre lot with an established avocado grove and a detached ADU, the property offers significant rental potential. While the home maintains a Fair Condition Rating with original 1969 systems, its panoramic lake and mountain views provide rare aesthetic value. This is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking a sustainable, multi-generational lifestyle in the Fallbrook Union district.
Property is moderate renovation needed.
Built in 1969, the property shows signs of regular maintenance but features significantly outdated elements, particularly in the main kitchen with its vintage appliances and cabinetry, and the ADU's kitchenette and bathroom with dated finishes like gingham wallpaper and carpeted flooring. While some bathroom vanities appear to have been updated, they are not modern. The wood flooring and overall cleanliness are positives, but the lack of central air conditioning and the age of major systems suggest the need for substantial updates to meet current standards, aligning with the 'fair' condition criteria.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 129809, living area = 2128.
The property offers 'Views, views, and MORE VIEWS!!' including hills, lake, mountains, and water, providing a highly desirable aesthetic and tranquil environment.
Features a detached 'granny unit' or ADU, offering significant income potential or flexible living arrangements for multi-generational families.
Built in 1969, the property's age suggests that major systems (e.g., HVAC, plumbing, electrical) may be original or require significant updates, which are not detailed in the description.
While offering tranquility, the 15-20 minute drive to Temecula or Fallbrook for essential shopping and services might be inconvenient for some buyers seeking immediate access to urban conveniences.
The description does not mention a central air conditioning system, which could be a significant consideration for comfort during warmer periods in Southern California, despite the temperate climate.
Nearly 3 acres, sweeping views, a private orchard, and TWO separate living spaces. Welcome to 40057 S. Shore Road, a one-of-a-kind Fallbrook retreat where peaceful country living meets flexibility and opportunity. Perched above the surrounding landscape in the tranquil Ross Lake community, this charming property offers approximately 2,100 square feet of combined living space on 2.98 acres. The approximately 1,700-square-foot main residence features a desirable split-bedroom layout with 2 bedrooms and 2 full baths, an expansive great room, and a bright, inviting kitchen. Warm wood-beamed ceilings, wood flooring, large windows, custom paint, and thoughtful designer touches give the home character and a relaxed, welcoming feel. A detached approximately 400-square-foot ADU adds incredible versatility, complete with a kitchenette and breakfast bar, bathroom with shower, brick fireplace, laundry area, and its own beautiful views. It's an ideal space for extended family, guests, a home office, studio, or other flexible living needs. Step outside and discover what truly makes this property special. The hillside is dotted with a family avocado grove and citrus orchard producing avocados, pomelos, oranges, and kumquats, along with beautiful baby blue eucalyptus. Enjoy fresh air, fragrant blossoms, colorful sunsets, and peaceful views toward the private lake below, which attracts local wildlife and adds to the property's serene setting. Located approximately 15 to 20 minutes from Temecula or Fallbrook, you'll feel wonderfully tucked away without giving up convenient access to shopping, dining, and everyday necessities. This isn't simply a home. It's a chance to slow down, spread out, and enjoy nearly three acres of Southern California beauty. Come experience the views, versatility, and peaceful lifestyle for yourself. Set up a private showing today!
No exterior & parking available.
Grades K-6 • 4.5 mi
Grades K-6 • 5.0 mi
Grades 7-8 • 6.0 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 3.8 |
| Baths | 3.0 | 3.0 |
| Square foot | 2,128 | 2,343.723 |
| Lot Size | 129,809 | 46,829.322 |
| Price | $849.0K | $932.8K |
| Price per sq ft | $399 | $433 |
| Built year | 1969 | 1992 |
| HOA | $0 | $198 |
| Days on market | 528 | 60 |
Apr 2, 2026
$849,000
$869,000
-2% Price Drop
Initial Listing
Oct 27, 2025
$869,000
Initial Listing
May 15, 2025
$889,000
Initial Listing
Jun 2, 2017
$480,000
Public Record