
5221 Olive Hill Rd Fallbrook, CA 92028
Estimated payment $10,634/month
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
Real Broker Brokerage Phone: 858-361-2099 License #02082087 Listed on: 05/15/2025

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
Map
Home Values in the Area
Average Home Value in this Area
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 |
Similar Homes in Fallbrook, CA
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: NDP2504685

APN: 126-010-16-00
- 255 Puerta de Lomas
- 31619 21 Via Puerta Del Sol
- 19 Gateview Dr
- 0 Vía Rancho Del Lago
- 18 Gateview Dr
- 4938 San Jacinto Cir E
- 5620 Rancho Del Caballo
- 5088 San Jacinto Cir W
- 546 Morro Hills Rd
- 1560 Camino Corto
- 5 Rolling View Ln
- 5963 Rio Valle Dr
- 5944 Rio Valle Dr
- 5970 Thoroughbred Ln
- 662 Lower Springs Rd
- 5617 Hidden Grove Way
- 114 Rancho Camino
- 4716 S Mission Rd
- 4644 La Canada Rd
- 4710 Sleeping Indian Rd