929 Pepper Tree Lane, Fallbrook, California 92028, Fallbrook, 92028 - 3 bed, 2 bath
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929 Pepper Tree Lane
Fallbrook, California 92028
ACTIVE
CONDITION: EXCELLENT
3Beds
2Baths
2,280Sq Ft
28,314Lot Size
Property Price
LIST PRICE$959,000
EST. MARKET VALUE
$980,000
SUMMARY
This Turnkey Single-Story Estate is a Strong Value Opportunity, listed at $980,000—positioned well below the $1,082,130 Fair Market Value by 9%. This valuation gap offers $102,130 in Instant Equity for the buyer. Featuring a Mint Condition Rating, the home includes a remodeled kitchen, saltwater pool, and 220V EV charging. With a large .65-acre lot and potential for ADU development, this property is an ideal sanctuary for Owner-Occupants or lifestyle-focused buyers seeking resort-style living in Fallbrook.
Estimated Market Value
$980,000
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 |
|---|---|---|---|---|---|---|
★ 929 Pepper Tree Lane Subject 3 bd · 2 ba · 2,280 sqft · $430 | $959,000* List Price | 3 | 2 | 2,280 | $430 | - |
A 1691 Pepper Tree Sold 3 bd · 2 ba · 2,048 sqft · $471 · 0.2 mi | $965,000 | 3 | 2 | 2,048 | $471 | 0.2 mi |
B 820 Culloden Court Sold 4 bd · 3 ba · 2,401 sqft · $491 · 0.3 mi | $1,180,000 | 4 | 3 | 2,401 | $491 | 0.3 mi |
C 1406 Devin Sold 4 bd · 3 ba · 2,760 sqft · $418 · 0.6 mi | $1,155,000 | 4 | 3 | 2,760 | $418 | 0.6 mi |
D 720 Carnation Lane Sold 3 bd · 2 ba · 1,731 sqft · $460 · 0.7 mi | $796,000 | 3 | 2 | 1,731 | $460 | 0.7 mi |
E 1147 Sea Larke Drive Sold 4 bd · 3 ba · 2,426 sqft · $392 · 0.4 mi | $950,000 | 4 | 3 | 2,426 | $392 | 0.4 mi |
F 1370 Friends Way Sold 3 bd · 3 ba · 1,924 sqft · $509 · 0.5 mi | $978,572 | 3 | 3 | 1,924 | $509 | 0.5 mi |
G 2020 Avocado Knoll Lane Sold 4 bd · 3 ba · 2,415 sqft · $497 · 0.5 mi | $1,200,000 | 4 | 3 | 2,415 | $497 | 0.5 mi |
H 1139 Highland Park Pending 3 bd · 3 ba · 2,826 sqft · $403 · 0.3 mi | $1,140,000 List Price | 3 | 3 | 2,826 | $403 | 0.3 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Excellent
TeardownExcellent
Property is new construction or fully renovated.
Although built in 1978, the property has undergone a comprehensive high-end renovation within the last 5 years. The kitchen features modern shaker cabinets, quartz countertops, and stainless steel appliances, while the bathrooms have been fully updated with contemporary tiling and vanities. The home includes upgraded systems such as 220V EV charging, leased solar, and smart home features, presenting in mint, move-in-ready condition.
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 = 28314, living area = 2280.
- Resort-Style Outdoor Living
The expansive .65-acre lot features a private saltwater pool, large patio, and a diverse orchard of mature fruit trees, offering a true Southern California retreat.
- Versatile Detached Structures
A detached powered building provides immediate space for a home office or gym, complemented by additional areas suitable for potential ADU development.
CONSRISKS & DEFICIENCIES
- Leased Solar Agreement
The property utilizes a leased solar system, which requires the buyer to assume existing contract terms and may be less desirable than an owned system.
- Transactional History
Recent price reductions and a failed escrow due to buyer performance may lead to increased scrutiny regarding the property's market value or condition.
About 929 Pepper Tree Lane
Welcome to 929 Peppertree Lane, a private single-story Fallbrook retreat set on .65 acres and offering approximately 2,280 sq ft, 3 bedrooms, and 2 baths. Designed for relaxed California indoor-outdoor living, this inviting home features a sparkling saltwater pool and spa, multiple entertaining areas, mature landscaping, and blood orange and lemon trees that add beauty and seasonal bounty to the grounds. Inside, the warm and welcoming layout includes an upgraded kitchen and a distinctive built-in dining table, creating a memorable setting for everyday meals and gatherings. A detached powered structure offers flexible space for work, hobbies, guests, or storage, while the oversized 2-car garage includes 220V EV charging. Solar and water-wise landscaping enhance the home’s efficiency, and with no HOA, you can enjoy the freedom and privacy of this special Fallbrook property.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1978
- Lot Size
- 28,314 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 |
|---|---|---|
| Beds | 3.0 | 3.8 |
| Baths | 2.0 | 3.0 |
| Square foot | 2,280 | 2,343.723 |
| Lot Size | 28,314 | 46,829.322 |
| Price | $959.0K | $932.8K |
| Price per sq ft | $421 | $433 |
| Built year | 1978 | 1992 |
| HOA | $0 | $198 |
| Days on market | 23 | 60 |
Pricing History
Listed for Sale
Oct 17, 2026
$959,000
$980,000
-2% Price Drop
Initial Listing
Price Change
Oct 2, 2026
$980,000
Initial Listing
Sold
Mar 17, 2023
$955,000
Public Record
Sold
Mar 16, 2021
$757,000
Public Record
Sold
Sep 1, 1998
$230,000
Public Record