$1,649,000
PENDING

5221 Olive Hill Rd Fallbrook, CA 92028

Estimated payment $10,634/month

Total Views 6,099
7 Beds
4 Baths
3,600 Sq Ft
$458 Price per Sq Ft

Highlights

  • Guest House
  • Panoramic View
  • 4.48 Acre Lot
  • Community Stables
  • Gated Community
  • Wood Flooring

About This Home

Earn around $50,000 of annual rental income with not one but two ADU's. Welcome to 5221 Olive Hill Road and some of the best views in Fallbrook. This remarkable multi-use property nestled in the scenic hills of South Fallbrook sits on over 4 sprawling acres and offers an incredible blend of residential comfort, income opportunities and versatile outdoor space, all framed with breathtaking panoramic views. The 3 detached homes that come with this purchase are located in a gated community featuring only 12 homes. The heart of the property is a beautifully maintained 3 bedroom, 2 bathroom single story home which perfectly captures the tranquility and natural beauty of Fallbrook. Expansive windows and sliding glass doors flood the interior with natural light while offering sweeping views of the surrounding hills and countryside. The views are truly unforgettable. Enhancing the properties appeal are two fully detached ADU's both of which have their own private driveway and fully fenced exterior spaces. The 3 bedroom 1 bath ADU is ideal for extended family, guests or as a rental, whilst the cozy 1 bedroom 1 bathroom provides even further flexibility and could also be used as an additional rental property and comes with a detached studio that can be used as an office, artist loft or for extra storage space. 2 acres of the exterior space sits on a gentle sloping terrain, making it an ideal space for horses, a vineyard, gardening or the ultimate backyard playground. Enjoy country living at its finest with this unique and versatile multi family compound.

Listing Agent

Sam Miskowicz

Real Broker Brokerage Phone: 858-361-2099 License #02082087 Listed on: 05/15/2025

Real Broker

Home Details

Home Type

  • Single Family

Year Built

  • Built in 1977

Lot Details

  • 4.48 Acre Lot
  • Gentle Sloping Lot
  • Property is zoned R-1:SINGLE FAM-RES

Parking

  • 2 Car Attached Garage
  • Parking Available
  • Circular Driveway
  • Automatic Gate

Property Views

  • Panoramic
  • Canyon
  • Mountain
  • Hills
  • Meadow
  • Neighborhood

Interior Spaces

  • 3,600 Sq Ft Home
  • 1-Story Property
  • Wired For Data
  • Crown Molding
  • High Ceiling
  • Ceiling Fan
  • Double Pane Windows
  • ENERGY STAR Qualified Windows
  • Blinds
  • Great Room with Fireplace
  • Storage
  • Wood Flooring

Kitchen

  • Walk-In Pantry
  • Butlers Pantry
  • Double Self-Cleaning Convection Oven
  • Electric Oven
  • Electric Cooktop
  • Range Hood
  • Microwave
  • Dishwasher
  • Pots and Pans Drawers
  • Self-Closing Drawers
  • Disposal
  • Instant Hot Water

Bedrooms and Bathrooms

  • 7 Bedrooms
  • Walk-In Closet
  • 4 Full Bathrooms
  • Dual Vanity Sinks in Primary Bathroom
  • Bathtub with Shower
  • Exhaust Fan In Bathroom

Laundry

  • Laundry Room
  • Dryer
  • Washer

Home Security

  • Security Lights
  • Fire Sprinkler System

Outdoor Features

  • Shed

Additional Homes

  • Guest House
  • Fireplace in Guest House

Utilities

  • Central Heating and Cooling System
  • Heating System Uses Propane
  • Vented Exhaust Fan
  • Conventional Septic

Listing and Financial Details

  • Assessor Parcel Number 1260101600
  • $158 per year additional tax assessments

Community Details

Overview

  • No Home Owners Association
  • Foothills

Recreation

  • Community Stables
  • Bike Trail

Security

  • Card or Code Access
  • Gated Community

Home Details

Home Type

Single Family

Year Built

Built in 1977

Lot Details

0

Parking

2

Listing Details

  • Assessments: Yes
  • Property Attached: No
  • Security: Automatic Gate, Card/Code Access, Fire Sprinkler System, Gated Community, Security Lights
  • View: Yes
  • Zoning: R-1:SINGLE FAM-RES
  • Property Sub Type: Single Family Residence
  • Property Type: Residential
  • Parcel Number: 1260101600
  • Year Built: 1977
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Living Area: 3600.00 Square Feet
  • Interior Amenities: Ceiling Fan(s), Crown Molding, High Ceilings, Pantry, Storage, Wired for Data
  • Stories: 1
  • Entry Location: door/garage
  • Common Walls: No Common Walls
  • Flooring: Wood
  • Appliances: Yes
  • Full Bathrooms: 4
  • Full And Three Quarter Bathrooms: 4
  • Total Bedrooms: 7
  • Entry Level: 1
  • Fireplace Features: Great Room, Guest House
  • Levels: One
  • Price Per Square Foot: 458.06
  • Room Type: All Bedrooms Down, Great Room, Kitchen, Laundry, Main Floor Bedroom, Main Floor Primary Bedroom, Primary Bathroom, Primary Bedroom, Walk-In Closet, Walk-In Pantry
  • Window Features: Blinds, Double Pane Windows, ENERGY STAR Qualified Windows
  • Bathroom Features: Double Sinks In Bath(s), Double Sinks In Primary Bath, Exhaust Fan(s), Shower In Tub, Bathtub
  • Room Kitchen Features: Butler's Pantry, Pots & Pan Drawers, Self-Closing Drawers

Exterior Features

  • Other Structures: Guest House, Shed(s)
  • View: Canyon, Hills, Meadow, Mountain(s), Neighborhood, Panoramic
  • Fence: No
  • Pool Private: No
  • Spa: No

Garage/Parking

  • Attached Garage: Yes
  • Garage Spaces: 2.00
  • Parking: Yes
  • Parking Features: Circular Driveway, Driveway
  • Total Parking Spaces: 2.00

Utilities

  • Sprinklers: No
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Convection Oven, Dishwasher, Double Oven, Electric Oven, Electric Range, Electric Cooktop, Disposal, Instant Hot Water, Microwave, Range Hood, Refrigerator, Self Cleaning Oven, Vented Exhaust Fan
  • Heating Type: Central, Propane
  • Laundry Features: Dryer Included, Individual Room, Washer Included
  • Sewer: Conventional Septic
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Foothills, Stable(s), Biking

Schools

  • School District: Fallbrook Union

Lot Info

  • Land Lease: No
  • Lot Features: Gentle Sloping, Lot Over 40000 Sqft
  • Lot Size Sq Ft: 195148.80
  • Lot Size Acres: 4.4800

Multi Family

  • Lease Considered: No
  • Lot Size Area: 4.4800 Acres

Tax Info

  • TaxOtherAnnualAssessmentAmount: 157.68

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/24/2025 07/24/25 Pending -- -- --
05/15/2025 05/15/25 For Sale $1,649,000 -- $458 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

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Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: NDP2504685

California Regional Multiple Listing Service (CRMLS)

APN: 126-010-16-00