
Fallbrook, California 92028
This Single Family Residence is a Strong Value Opportunity, listed at $1,850,000—positioned well above the $1,721,419 Fair Market Value by 7%. While priced at a premium, the property offers a Condition Rating of 4, featuring high-end appliances and a $150,000 negative-edge pool. With no HOA or Mello-Roos and direct access to the Santa Margarita trail system, this estate provides a unique equestrian lifestyle. It is an ideal acquisition for Equestrian Enthusiasts or Owner-Occupants seeking a private, resort-style sanctuary in North San Diego County.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 991 River Oaks Subject 4 bd · 4 ba · 3,611 sqft · $477 | $1,850,000* List Price | 4 | 4 | 3,611 | $477 | - |
A 1609 Santa Margarita Drive Sold 4 bd · 5 ba · 3,780 sqft · $413 · 0.2 mi | $1,560,000 | 4 | 5 | 3,780 | $413 | 0.2 mi |
B 1186 Lydia Lane Sold 4 bd · 5 ba · 4,727 sqft · $399 · 0.5 mi | $1,888,000 | 4 | 5 | 4,727 | $399 | 0.5 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 2000 (24 years old), the home falls into the >20y category. While the property is well-maintained and features high-end appliances like Sub-Zero and Bosch, the kitchen cabinetry, tile flooring, and bathroom vanities reflect the original 2000s aesthetic and are considered dated by modern standards.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 198198, living area = 3611.
Situated on over 4.5 acres with direct access to the 18-mile Santa Margarita trail system, this property is a premier destination for equestrian enthusiasts and nature lovers.
The property features a sophisticated $150,000 negative-edge saltwater pool and spa with a waterfall, offering a resort-style experience and significant value in outdoor improvements.
Local public schools carry ratings between 4 and 6, which may be a consideration for families prioritizing top-tier academic districts.
The expansive 4.5-acre lot, combined with extensive cross-fencing and a complex pool system, requires significant ongoing maintenance and landscaping upkeep.
Welcome to 991 River Oaks Lane in Fallbrook, where country living, equestrian possibilities, and a beautiful outdoor setting offer plenty of ways to enjoy the property. With access to the 18-mile Santa Margarita trail system, this home is especially appealing to buyers who enjoy horseback riding, hiking, and exploring the natural landscape of North San Diego County. Inside, high ceilings, crown molding, and a combination of formal and casual living areas give the home warmth and character. The kitchen features granite countertops, an island, six-burner stove, double ovens, Bosch dishwasher, Sub-Zero fridge, and walk-in pantry. A custom office and library provides a dedicated space for working from home, reading, or displaying a personal collection. The primary bedroom is located on the entry level, while fireplaces add comfort to the living areas. Outside, the approximately $150,000 pool and spa installation is a standout feature, with a negative-edge design, saltwater system, waterfall, and heated spa. The property also offers full and cross fencing, areas for animals, and a three-car attached garage with additional parking. With no HOA or Mello-Roos, this Fallbrook home offers an appealing combination of indoor comfort, outdoor recreation, and proximity to one of the area's well-known trail systems.
No exterior & parking available.
Grades K-6 • 1.3 mi
Grades K-6 • 1.7 mi
Grades K-6 • 1.9 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 4.0 | 3.8 |
| Baths | 4.0 | 3.0 |
| Square foot | 3,611 | 2,343.723 |
| Lot Size | 198,198 | 46,829.322 |
| Price | $1.85M | $932.8K |
| Price per sq ft | $512 | $433 |
| Built year | 2000 | 1992 |
| HOA | $0 | $198 |
| Days on market | 7 | 60 |
Oct 18, 2026
$1,850,000
Initial Listing
Mar 1, 2007
$1,200,000
Public Record
Feb 16, 2000
$630,000
Public Record