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$1,970,000

Beds
7
Baths
4.0
sq ft
3,600

5221 Olive Hill Rd, Fallbrook, CA 92028

5221 Olive Hill Rd

Fallbrook, CA 92028

  • 85 days on market
Very rare once-in-a-lifetime opportunity to own three detached houses on a large 4.5 acre lot in the prestigious Miles Ranch community of Morro Hills, Fallbrook. This amazing property offers a main house with 3 bedrooms and 2 bathrooms spanning 2300 square feet of living space. Additionally, there are two guest houses/ADUs perfect for multi-generational living or as investment properties. The first guest house features 3 bedrooms and 1 bathroom with 900 square feet, while the second guest house offers 1 bedroom and 1 bathroom with 400 square feet. Situated in a small, gated community with only 12 residences, this property boasts mostly fully fenced and cross-fenced 4.5 acres, ideal for a variety of uses. Each house has its own fenced yard, perfect for pets, and there is a 2-acre gentle slope area suitable for horses. The main house includes a circular driveway, and a spacious 700 square foot great room with breathtaking views and numerous upgrades such as a newer roof, double-pane windows, wood floors, window blinds, and updated electrical features and large storage shed. The 3/1 Guest House has a private driveway and is all electric and has newer windows, wood flooring, stackable washer & dryer, and updated electrical features and storage shed. The 1/1 guest house also has a private driveway and comes with a detached art studio/storage room and storage shed, and has a newer refrigerator, range and washer and dryer. The community has a $600/year road and gate maintenance fee, and no HOA and low property taxes. Select furniture is included. This property is truly a rare find

Details

Property type

Single Family Residence

Lot size

4.48 acres

Price per sq ft

$548

Year built

1977

Price History

10/01/2024
SanDiego

SanDiego #NDP2409383

Listed
$1,970,000

Schools & Community

Elementary school: 

Fallbrook Union Elementary District

Middle school: 

Fallbrook Union Elementary District

High school: 

Fallbrook Union High School District

Community features: 

Gated

Number of units in community: 

12

Status: Active

Tomo last checked: 12/24/2024 at 5:25 PM

Listing updated: 11/03/2024 at 6:46 PM

Listed by: Eugene Wilson, Phone #: (760) 731-2900

MLS: SanDiego #NDP2409383

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