40487 Rock Mountain Drive, Fallbrook, California 92028, Fallbrook, 92028 - 4 bed, 3 bath
40487 Rock Mountain Drive
Fallbrook, California 92028
Property Price
SUMMARY
Analysis of 40487 Rock Mountain Drive, Fallbrook, California 92028 reveals a property with a current list price of $1,175,000, which is 4% above the estimated $1,128,690 Fair Market Value. Buyers should carefully evaluate the pricing and consider negotiation opportunities. The property maintains a Good Condition Rating (78/100), reflecting solid structural condition with well-maintained systems. The property presents an attractive opportunity for buyers seeking a move-in ready home. 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.
Estimated Market Value
Comparable Sales Map
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 40487 Rock Mountain Drive Subject | $1,175,000* List Price | 4 | 3 | 2,900 | $389 | - |
A 40620 Via Ranchitos Sold | $1,160,000 | 4 | 5 | 3,322 | $349 | 0.6 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
OVERALL CONDITION SCORE
Property is move-in ready.
Built in 2005, this property is 19 years old and appears to be in good, move-in ready condition. The kitchen features granite countertops, wood cabinetry, and stainless steel appliances, all functional and well-maintained, though the style reflects its build year. Bathrooms are also clean and well-kept with tile and wood finishes. Flooring (tile and carpet) is in good condition. While the description notes an absence of an explicit cooling system, the overall property shows minimal wear and tear and no immediate renovation needs.
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 = 225640, living area = 2900.
- Prime Location & Scenic Views
Nestled in the scenic De Luz hills, offering a desirable blend of seclusion and convenience just minutes from town, complemented by panoramic mountain and vineyard views.
- Luxurious & Functional Interior
A beautiful French Country Style single-story home with 2900 sq ft of open living space, featuring four bedrooms, three bathrooms, a luxurious primary suite with a soaking tub, and a comfortable secondary en-suite.
CONSRISKS & DEFICIENCIES
- Recent Price Adjustment
The property has undergone a recent price reduction from $1.199M to $1.175M, which may indicate initial overpricing or slower market interest.
- High Maintenance for Large Acreage
The extensive 5+ acre lot with an olive grove and fruit trees will likely require significant ongoing maintenance, including landscaping, irrigation, and pest control, which could incur substantial costs and effort.
- Absence of Explicit Cooling System
While the description highlights large windows for brightness, there is no mention of an air conditioning system, which could be a significant drawback during Fallbrook's warmer months.
About 40487 Rock Mountain Drive
Nestled in the scenic hills of De Luz, just minutes from town, this beautiful French Country Style single story home offers 2900 sq ft of open living space with four bedrooms, three bathrooms and oversized 3 car garage. The inviting kitchen is the heart of the home, featuring granite countertops, abundant cabinetry, a center island, and a butler’s pantry with custom bar shelving. With plenty of seating at the counters and breakfast area, it's perfect for gathering with friends and family. Additional spaces include a private home theater, office, and library. The primary suite offers a luxurious bath with soaking tub and walk-in closet, while a secondary en-suite bedroom provides comfort for guests or extended family. Generously sized bedrooms and large windows throughout create a bright, inviting atmosphere. Outdoors, enjoy orange, lemon, grapefruit and loquat trees, a thriving olive grove and plenty of space for RV parking, recreational toys, or creative use. Located at the end of a quiet road, this home combines seclusion, convenience, and charm.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 2005
- Lot Size
- 225,640.797 Sq. Ft.
Interior
- Total Bedrooms
- 4
- Total Bathrooms
- 3 (3 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 • 2.8 mi
Maie Ellis Elementary
Grades K-6 • 3.4 mi
James E. Potter Intermediate School
Grades 7-8 • 4.1 mi
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 4.0 | 3.0 | 53% |
| Baths | 3.0 | 3.0 | 50% |
| Square foot | 2,900 | 2,285 | 67% |
| Lot Size | 225,640.797 | 27,007.1 | 93% |
| Price | $1.18M | $917.5K | 72% |
| Price per sq ft | $405 | $422 | 43% |
| Built year | 2005 | 1991 | 73% |
| HOA | $0 | $0 | 50% |
| Days on market | 177 | 178 | 49% |
Pricing History
Listed for Sale
Jan 28, 2026
$1,175,000
$1,199,000
-2% Price Drop
Initial Listing
Price Change
Sep 11, 2025
$1,199,000
Initial Listing