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Jenn Smart

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405 Olive Hill Way , Fallbrook, CA 92028
$1,050,000
Est. Payment: $2,333.33/mo
5 Bed
4 Bath
3194 Sqft
2.39 Acres
Status: active | Days on site: 1
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House Description

Exceptional 2.39-acre property featuring a 3-bedroom main residence, detached 2-bedroom ADU, barn, arena, and corrals, all set against breathtaking views in a peaceful Fallbrook setting. Tucked away at the end of a quiet cul-de-sac, this special property offers room to spread out, gather with loved ones, and enjoy the beauty of country living. Expansive views in nearly every direction, refreshing summer breezes, and a welcoming sense of privacy make this a truly special place to call home. The main residence features generously sized rooms and an inviting, open feel, with a thoughtful layout that makes everyday living and entertaining a pleasure. The detached two-bedroom ADU offers wonderful flexibility for multigenerational living, extended family, or guests, complete with its own private fenced patio and yard and expansive views of the surrounding landscape. A standalone 400-square-foot bonus room offers an inviting space to gather with friends and family, enjoy game nights, or pursue hobbies. For those drawn to a more rural lifestyle, the barn, arena, and corrals offer a wealth of possibilities. Over the years, the property has welcomed horses, donkeys, goats, pigs, chickens, and peacocks, making it a wonderful setting for a variety of animals and agricultural pursuits. The grounds offer opportunities for an orchard, vineyard, or other uses, while established citrus and avocado trees thrive on the property. The landscape changes beautifully with the seasons, bringing especially lush greenery through the winter and spring. A covered hot tub area just off the primary bedroom creates a peaceful, private retreat, while a six-foot privacy fence enhances the backyard. Additional highlights include a relaxing jetted tub in the spacious bathroom, a generous wraparound driveway, abundant parking, and a barn with a 220V electrical hookup and water connections for an RV. The expansive parking and access areas offer flexibility for additional vehicles, trailers, and deliveries. Beyond the property, the neighborhood captures the small-town charm that makes Fallbrook so special. Friendly neighbors look out for one another and take pride in their homes and surroundings. With sports fields nearby and the high school conveniently close, this location offers a wonderful balance of privacy, space, and community. A rare opportunity to enjoy versatile acreage, beautiful views, and a welcoming neighborhood all in one special property.

Highlights

Listed by Alan Shafran , 760-280-6408 SRG , 760-280-6408. CRMLS/Multi-Regional MLS mls logo

Property Type

Residential

Lot/Acreage
2.39

Year Built

1971

County

San Diego

Area

92028 - Fallbrook

School District

Fallbrook Union

Listing ID

NDP2609882

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Interior Features

Bedrooms and Bathrooms
  • ▪ Bedrooms:5
  • ▪ Bathrooms:4
  • ▪ Full Bathrooms:3
  • ▪ 1/2 Bathrooms:1
Appliances:Double Oven, Dishwasher, Electric Cooktop, Disposal, Microwave
Air Cond:Central Air
Fireplaces:Living Room
Other:
  • ▪ Additional:Breakfast Bar, Separate/Formal Dining Room, Bedroom on Main Level, Dressing Area, Main Level Primary, Primary Suite, Walk-In Pantry, Walk-In Closet(s)

Exterior Features

Lot:2-5 Units/Acre,Cul-De-Sac,Front Yard,Horse Property,Landscaped,Secluded,Yard,No Land Lease
Garage Capacity:11
Zoning:R-1:Single Fam-Res
Others:
  • ▪ Additional:Has ADU
Parking Features:Asphalt,Carport,Driveway,Gated,RV Hook-Ups,RV Potential
Principal Interest
$2,333
Taxes
$669

Home Price

$1,050,000

Loan Details

30 yrs
0%

Down Payment

20%
$210,000
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Monthly Price:
$2,333.33

Principal

Taxes

Principal Taxes HOA Total
Monthly $2,333.33 $669.38 $0.00 $3,002.71
Yearly $28,000.00 $8,032.50 $0.00 $36,032.50
Total $840,000.00 $240,975.00 $0.00 $1,080,975.00
Lender profile image
So-Crates Johnson
Dust, Wind, Dude
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Market insight data is pulled from the same city as the listing being viewed (Fallbrook, CA).

The schools listed are within a 2-mile radius of the property; however, attendance is not guaranteed. Please contact the local school district to confirm zoning and enrollment options.

Based on information from California Regional Multiple Listing Service, Inc. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. All properties are subject to prior sale, change or withdrawal.

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Data last updated: 2026-11-14T03:37:04.000Z

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