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405 Olive Hill Way, Fallbrook, CA 92028

$1.05M5bd · 4ba · 3,194 sqft
Lot 2 sqft•Single Family Residence•
Active
•5d on market•MLS# 8N-2609882

Property 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.

Features & Amenities

FeeBuilt 1971

Property Details

Land Type
Fee
Year Built
1971
Property Type
Residential
Property Subtype
Single Family Residence
Parking Spaces
11
Garage Spaces
0
Cooling
Central Air
View
Hills, Panoramic
City
Fallbrook
Zip Code
92028
County
San Diego
Listed bySRG, Alan Shafran

Mortgage Calculator

Current Rates

$
$
%
Monthly Payment
$5,309.37
Principal & Interest
Loan Amount
$840,000
Total Interest
$1,071,374
Total Payment Over 30 Years
$1,911,374
This calculator provides estimates only. Actual mortgage payments may include taxes, insurance, HOA fees, and PMI. Contact a lender for accurate quotes.

Comparative Market Analysis

Luxury Tier · 5 active · 5 closed

405 Olive Hill Way, Fallbrook, CA 92028

Fallbrook · Single Family Residence

$1.05M
Luxury Tier
Beds
5
Baths
4
Sqft
3,194
Lot
2.39 ac
Year
1971
$/Sqft
$329
Pool: No✓
Spa: Yes✓
View: city✓

Listed 5.2% below the median closed sale of $1,107,500. Price per sqft ($329) is a 13% discount to closed comps ($380). Expect a longer timeline — comps averaged 171 days on market. Luxury tier — fewer comparable sales widen the confidence range.

Price Position

Priced below the market — value advantage over the field.

Price advantage
Subject listed at $1.05M· $329/sqft
Total list price
Closed comps
vs closed median $1.11M
−$58K (−5.2%)
Active comps
vs active median $999K
+$51K (+5.1%)
Price per sqft
Closed compsinsufficient comp data
Active comps
vs active avg $/sqft $434
−$105 (−24.1%)

Active Properties (5)

Active Comparables

AddressCityYearBDBTHSqFtLotSzLP/SqFtLPDIMScore
4994 San Jacinto CircleFallbrook1965342,616138,085$382$998,747470
4880 San Jacinto Circle EastFallbrook1962332,276186,437$527$1.20M3757
210 Rancho CaminoFallbrook1972432,10052,708$571$1.20M1652
1701 Acacia LaneFallbrook1955232,352247,421$380$894,9004452
2286 Crest Hill LaneFallbrook1999432,92014,416$308$899,0003152
Total: 5 · Average3.23.22,452.8127,813.4$433.6$1.04M26.4
Median2,352$998,747

Closed Properties (5)

Closed Comparables

AddressCityYearDateBDBTHSqFtLotSzLPSPSP/SqFtSP/LPDIMScore
435 Rancho CaminoFallbrook197108/18/2026443,198104,544$1.02M$950,000$2970.935082
1650 Winterwarm DriveFallbrook198309/30/2026433,26545,302$1.15M$1.14M$3490.9925469
358 Spanish SpurFallbrook197606/02/2026322,16963,162$1.11M$1.11M$5121.007668
1674 Baja Vista DriveFallbrook198707/21/2026322,79747,045$1.14M$1.11M$3960.978365
2240 Aqua Hill RoadFallbrook200707/27/2026433,034158,558$1.05M$1.05M$3461.0039064
Total: 5 · Average3.62.82,892.683,722.2$1.07M$1.07M$380—170.6
Median3,034$1.11M$1.11M

Market Analysis

List vs Sale $/SqFt

Sale Price Trend

Days on Market

Sale vs List Price

AI-generated CMA

This analysis was generated automatically from MLS data. For an in-depth, human-reviewed valuation, contact Joseph Sardella at josephsardella@gmail.com.