40482 Gavilan Mountain, Fallbrook, California 92028, Fallbrook, 92028 - 4 bed, 4 bath
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40482 Gavilan Mountain
Fallbrook, California 92028
ACTIVE
CONDITION: FAIR
4Beds
4Baths
3,798Sq Ft
278,784Lot Size
Property Price
LIST PRICE$1,298,880
EST. MARKET VALUE
$1,173,070
10% AboveMARKET VALUE
SUMMARY
This Custom-Built Estate is a High-Potential Investment Opportunity, listed at $1,298,880—positioned above the $1,173,070 Fair Market Value. While currently priced above market, the property features superior 2x6 stud construction, a gourmet granite kitchen, and spectacular canyon views on a massive 6.4-acre lot. With a Fair Condition Rating reflecting original 2002 finishes, there is significant room for cosmetic modernization to drive appreciation. This expansive, private sanctuary is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking a long-term lifestyle property with substantial land utility.
Estimated Market Value
$1,173,070
Based on Realkey algorithm analyzing recent comparable sales in Fallbrook.
Comparable Sales Map
Comparables within 1 miles sold in recently
Map unavailable.
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 40482 Gavilan Mountain Subject | $1,298,880* List Price | 4 | 4 | 3,798 | $309 | - |
A 40487 Rock Mountain Drive Sold | $995,000 | 4 | 3 | 2,900 | $343 | 0.3 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Fair
TeardownExcellent
Property is moderate renovation needed.
Built in 2002, the property is 24 years old. While the listing describes it as turnkey, the interior finishes—including the oak cabinetry, bathroom fixtures, and carpet—are original to the build date and appear dated. Per the criteria, homes over 20 years old with original systems and aesthetics are rated as Fair.
PROSSTRENGTHS & OPPORTUNITIES
- 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 = 278784, living area = 3798.
- Expansive Lot & Privacy
Situated on 6.4 acres with an electric gate, this property offers unparalleled privacy and ample space for RV parking and outdoor recreation.
- High-End Custom Construction
The turnkey home features superior 2x6 stud construction for enhanced insulation and a gourmet kitchen equipped with premium Kitchen Aid appliances and a massive granite island.
CONSRISKS & DEFICIENCIES
- Remote Location
The 15-minute drive to downtown Fallbrook may be a drawback for buyers seeking quick, convenient access to shopping, dining, and urban amenities.
- Average School Ratings
The assigned public schools have moderate ratings ranging from 4 to 6, which may be a consideration for families prioritizing top-tier educational districts.
About 40482 Gavilan Mountain
Spacious custom built home located on 6.4 acres in turnkey condition. The views are spectacular from most rooms, including the sunsets. The beautiful Santa Margarita Preserve is a nature center close by with miles of hiking. Downtown Fallbrook is 15 minutes away. The extra large kitchen is equipped with a Kitchen Aid Oven/microwave and huge granite top island with a salad sink for any cook's pleasure. The downstairs master bedroom is situated for one of the best views of property with many windows to enjoy. A large bathroom with itched glass surrounds spa tub including large separate shower and double sinks. Three additional bedrooms upstairs plus a loft that could be used as a TV room, easily a regular sofa and loveseat fits. Room for an RV and spacious 3 car garage that will fit a mega cab pickup truck. House was built with 2x6 studs. Appears to stay much cooler in the summer. Electric gate for entering and leaving the property.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 2002
- Lot Size
- 278,784 Sq. Ft.
Interior
- Total Bedrooms
- 4
- Total Bathrooms
- 4 (4 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Fallbrook Unified Schools
William H. Frazier Elementary School
Grades K-6 • 2.6 mi
6/10
Maie Ellis Elementary
Grades K-6 • 3.3 mi
5/10
James E. Potter Intermediate School
Grades 7-8 • 3.9 mi
4/10
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 4.0 | 3.7 |
| Baths | 4.0 | 3.0 |
| Square foot | 3,798 | 2,314.399 |
| Lot Size | 278,784 | 47,267.225 |
| Price | $1.30M | $919.6K |
| Price per sq ft | $342 | $428 |
| Built year | 2002 | 1992 |
| HOA | $0 | $195 |
| Days on market | 26 | 59 |
Pricing History
Listed for Sale
Sep 1, 2026
$1,298,880
$1,329,000
-2% Price Drop
Initial Listing
Price Change
Aug 14, 2026
$1,329,000
Initial Listing
Sold
Jan 10, 2022
$1,060,000
Public Record
Sold
May 9, 2000
$119,000
Public Record