
Fallbrook, California 92028
This Multi-Generational Estate is a Strong Value Opportunity, listed at $1,195,000—positioned well below the $1,270,529 Fair Market Value by 5%. This valuation gap offers $75,529 in Instant Equity. Featuring a 4,228 sqft layout with a detached guest house and paid-off solar, the property maintains a Condition Rating of 4. While the interior offers room for cosmetic modernization, the expansive 6.46-acre lot and panoramic canyon views provide immense utility. This is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking a versatile, high-potential forever home.
Property is moderate renovation needed.
Built in 1973, the property presents a mix of conditions. While the primary bathroom has been recently renovated with modern tile and a freestanding tub, the kitchen and main living areas remain dated with older oak cabinetry and wood paneling. The inclusion of paid-off solar and a well-maintained exterior keeps it functional, but the interior requires significant cosmetic updates to meet modern standards.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 281398, living area = 4228.
The property offers exceptional versatility with a detached two-bedroom guest house and a fully equipped lower-level living suite, ideal for rental income or extended family.
Situated on over 6 acres of usable land, the estate features a massive four-plus car garage, a large enclosed workshop, and paid-off solar panels, catering perfectly to hobbyists and eco-conscious buyers.
Built in 1973, the 4,228-square-foot residence may require significant capital for modernizing interior finishes and maintaining the aging infrastructure of multiple structures.
The vast 6.46-acre lot, private trails, and numerous outbuildings necessitate a high level of ongoing landscaping and exterior maintenance that may overwhelm some buyers.
Welcome to this custom-built masterpiece in the heart of Fallbrook. This stunning oasis offers breathtaking views of the natural landscape, which can be enjoyed from the expansive open-concept living room or the large, custom entertainer’s deck. The home radiates warmth and elegance, featuring spacious, thoughtfully designed bedrooms and inviting living areas throughout. The primary suite is a true sanctuary, featuring a tranquil, villa-style bathroom that opens to a private porch—the perfect spot to enjoy canyon views and the sounds of nature. The versatile lower level currently serves as separate living quarters, complete with a generous living area, bedrooms, a bathroom, a kitchenette, and laundry hookups, though it integrates seamlessly into the main home as well. This property is a dream for those who value space and utility, boasting abundant storage, custom shelving, large windows, and multiple wood decks. The long, private driveway leads past a detached guest house featuring two bedrooms, one bathroom, and its own spectacular views. Additional exterior highlights include a massive four-plus car garage, paid-off solar panels, beautiful garden beds, mature fruit trees, multiple storage sheds, and a large enclosed workshop. With ample privacy, private trails, and plenty of usable land, this property is perfect for hobbyists, animal lovers, or anyone seeking a peaceful, expansive forever home. This is a must-see residence that truly offers it all.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 5.0 | 4.0 |
| Baths | 4.0 | 3.0 |
| Square foot | 4,228 | 2,169 |
| Lot Size | 281,398 | 47,480.4 |
| Price | $1.20M | $917.5K |
| Price per sq ft | $283 | $426 |
| Built year | 1973 | 1991 |
| HOA | $0 | $176 |
| Days on market | 13 | 60 |
Jul 9, 2026
$1,195,000
Initial Listing
Sep 7, 2022
$985,000
Public Record
Sep 18, 2018
$782,500
Public Record