879 Stewart Canyon Road, Fallbrook, California 92028, Fallbrook, 92028 - 3 bed, 2 bath
879 Stewart Canyon Road
Fallbrook, California 92028
Property Price
SUMMARY
Analysis of 879 Stewart Canyon Road, Fallbrook, California 92028 is currently available with a list price of $1,249,999. The property maintains a Fair Condition Rating (50/100), suggesting the property is in acceptable condition with potential for value enhancement through selective updates and improvements. 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.
Condition Analysis
OVERALL CONDITION SCORE
Property is moderate renovation needed.
Built in 1988 and offered for the first time on the market, the property is in mostly original condition. While the home features unique architectural elements like rustic ridge beams and a slate fireplace, the interior finishes—including the tile flooring, kitchen counters, bathroom vanities, and carpets—are significantly outdated and show signs of age. The listing also notes that the pool and waterfall systems require repair, placing the property firmly in the 'fair' category as it is functional but requires modernization and minor repairs.
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 = 823719, living area = 2400.
- Expansive Acreage and Privacy
The property spans nearly 19 acres across two parcels, featuring a gated entry, private trails, and a serene creek, offering unparalleled privacy and space.
- Superior Water Infrastructure
Equipped with a private 25,000-gallon reservoir and a pond, providing a significant advantage for agricultural use, landscaping, or emergency preparedness.
CONSRISKS & DEFICIENCIES
- Deferred Maintenance
The resort-style pool and waterfall feature are currently in need of repair, representing an immediate post-purchase capital expenditure.
- Limited Bedroom Count
With only 3 bedrooms for a 2,400-square-foot home on a massive lot, the layout may not suit larger families or those requiring more private rooms.
- Price Volatility
The property has undergone a significant price reduction of $150,000 since its initial listing, which may indicate previous overvaluation or market resistance.
About 879 Stewart Canyon Road
Welcome to 879 Stewart Canyon Rd, Fallbrook! First time on the market — this custom-built home sits atop 18.91 acres with endless potential. Property includes a private 25,000-gallon reservoir, pond, meandering creek, and electric gated entry. Multiple flat areas are ideal for ADUs, corrals, or expansion. The home features an open floor plan, rustic ridge beams with custom brackets, floor-to-ceiling slate fireplace, and large double-pane windows showcasing scenic views. Offers 3 bedrooms, 2 baths, large loft/office, and high ceilings throughout. Ample parking and workspace with an attached 4-car garage, detached pull-through 2-car garage, and a large workshop with pulley system. Enjoy the outdoors with a resort-style pool and waterfall (solar heated, needs repair), plus covered RV and additional parking. Perfect for horses, farming, or gardening — enjoy your own private trails and peaceful country setting with all the comforts of home. APNs: 108-391-0300 (10.79 acres) & 108-391-0600 (8.12 acres) – Total: 18.91 acres
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1988
- Lot Size
- 823,719.625 Sq. Ft.
Interior
- Total Bedrooms
- 3
- Total Bathrooms
- 2 (2 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 3.0 | 50% |
| Baths | 2.0 | 3.0 | 32% |
| Square foot | 2,400 | 2,285 | 54% |
| Lot Size | 823,719.625 | 27,007.1 | 99% |
| Price | $1.25M | $917.5K | 78% |
| Price per sq ft | $521 | $423 | 86% |
| Built year | 1988 | 1991 | 44% |
| HOA | $0 | $0 | 50% |
| Days on market | 292 | 179 | 90% |
Pricing History
Listed for Sale
Oct 27, 2025
$1,249,999
Initial Listing
Price Change
May 19, 2025
$1,399,999
Initial Listing