Enjoy sweeping panoramic views from South Fallbrook's desirable Morro Hills. Privately gated on 4.28 acres (2 APNs), this unique property includes an approved SB 9 tentative parcel map for a potential split into two approximately 2.14-acre lots. The second parcel features an approved tentative map, a 1-inch water meter, and a passed perc test. The single-story ranch home offers 3BR/2.5BA, 2,276 SF, hardwood floors, granite counters, beamed ceilings, a marble fireplace, a bonus room with a wood-burning stove, and spacious outdoor living areas. A detached structure with power, water, and AC offers potential as an ADU, artist studio, or workshop. Recent improvements totaling over $193,000 include a new standing-seam metal roof, PEX plumbing, 200-amp electrical service, a furnace, insulation, and interior/exterior paint. Mature avocado, citrus, pomegranate, and guava trees enhance the property's agricultural appeal, with room for additional orchard, equestrian, RV, or recreational use. Minutes to downtown Fallbrook, wineries, schools, and freeway access, with beaches and Oceanside Harbor just a short drive away. Rare combination of privacy, views, flexibility, and long-term potential. Buyer to verify all permits, zoning, development potential, and school assignments.