4115 Cyprus Island Court, Fallbrook, California 92028, Fallbrook, 92028 - 2 bed, 2 bath
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4115 Cyprus Island Court
Fallbrook, California 92028
ACTIVE
CONDITION: GOOD
2Beds
2Baths
1,308Sq Ft
0Lot Size
Property Price
LIST PRICE$499,000
EST. MARKET VALUE
$506,573
SUMMARY
This Turnkey Condominium is a Strong Value Opportunity, listed at $499,000—positioned well below the $506,574 Fair Market Value by 1.5%. This valuation gap offers $7,574 in Instant Equity for the buyer. Featuring an Excellent Condition Rating with modern quartz countertops and stainless steel appliances, this home offers a low-maintenance resort lifestyle with Panoramic Golf Course Views. Ideally located near top-rated schools like Bonsall Elementary, this property is perfect for Owner-Occupants or first-time buyers seeking a move-in ready sanctuary.
Estimated Market Value
$506,573
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 |
|---|---|---|---|---|---|---|
★ 4115 Cyprus Island Court Subject 2 bd · 2 ba · 1,308 sqft · $387 | $499,000* List Price | 2 | 2 | 1,308 | $387 | - |
A 1740 Pala Lake Sold 1 bd · 1 ba · 943 sqft · $414 · 0.0 mi | $390,000 | 1 | 1 | 943 | $414 | 0.0 mi |
B 1650 Pala Lake Dr. Sold 1 bd · 1 ba · 943 sqft · $402 · 0.1 mi | $379,000 | 1 | 1 | 943 | $402 | 0.1 mi |
C 1720 Pala Lake Sold 1 bd · 1 ba · 1,156 sqft · $362 | $418,000 | 1 | 1 | 1,156 | $362 | - |
D 1768 Pala Lake Dr Sold 2 bd · 2 ba · 1,308 sqft · $386 | $505,000 | 2 | 2 | 1,308 | $386 | - |
E 1637 Pala Lake Drive Active 2 bd · 2 ba · 1,438 sqft · $382 · 0.1 mi | $549,000 List Price | 2 | 2 | 1,438 | $382 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Good
TeardownExcellent
Property is move-in ready.
Although built in 1979, the property has undergone significant cosmetic renovations including updated stainless steel appliances, quartz countertops, and modern wood-look flooring. It appears well-maintained and move-in ready, fitting the criteria for a 5-15 year renovation profile.
PROSSTRENGTHS & OPPORTUNITIES
- Scenic Views & Prime Location
The property boasts exceptional golf course and mountain views from the living room, balcony, and primary suite, situated on a desirable cul-de-sac near the community pool.
- Low-Maintenance Resort Lifestyle
The comprehensive HOA covers all exterior maintenance, landscaping, and water usage, providing a turnkey, resort-style living experience with access to golf, hiking, and wineries.
- Superior Parking & Storage
Features the largest two-car garage available in the complex, offering rare and significant storage space that is often lacking in condominium living.
CONSRISKS & DEFICIENCIES
- High Monthly Carrying Costs
The association fee of $603 per month is a substantial recurring expense that may impact the overall affordability and appeal for budget-conscious buyers.
- Aging Infrastructure
Built in 1979, the property may require interior modernization or face potential long-term maintenance needs associated with a 45-year-old structure.
About 4115 Cyprus Island Court
Enjoy stunning Pala Mesa Golf Course and mountain views from living room, balcony and primary suite, with lovely sunsets. Monserrate mountain sunrises from kitchen. Relax and enjoy the freedom of resort style living with golf, restaurant, wineries, hiking. No more, "Sorry, I can't babe, I need to mow, weed, edge, water, clean pool and spa, touch up exterior, fix potholes, fix irrigation". Nope, it's all included with your HOA. Oh, and the largest two car garage available, plus all Water included, both interior and exterior. Next to pool and spa on the best cul-de-sac. Stainless Steel Refrigerator, Stackable Washer/Dryer included. Minutes from Fallbrook, Temecula, Bonsall.
Property Details
Public Facts
- Property Type
- Condominium
- Year Built
- 1979
- Lot Size
- -
Interior
- Total Bedrooms
- 2
- Total Bathrooms
- 2 (2 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $603.0 / Month
Neighborhood Insights
Fallbrook Unified Schools
Live Oak Elementary School
Grades K-6 • 3.2 mi
4/10
Maie Ellis Elementary
Grades K-6 • 5.4 mi
5/10
Bonsall Elementary School
Grades K-5 • 6.0 mi
8/10
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 2.0 | 2.9 |
| Baths | 2.0 | 3.0 |
| Square foot | 1,308 | 1,453.5 |
| Lot Size | - | 344,694.857 |
| Price | $499.0K | $606.7K |
| Price per sq ft | $381 | $413 |
| Built year | 1979 | 2015 |
| HOA | $603.0 | $423 |
| Days on market | 28 | 96 |
Pricing History
Listed for Sale
Sep 27, 2026
$499,000
Initial Listing
Sold
Aug 10, 2022
$465,000
Public Record