5221 Olive Hill Road
Fallbrook, CA, 92028
$1,649,000
7 Beds
4 Baths
3,600 SqFt
4.48 Acres
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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.

Property Details

Price:
$1,649,000
MLS #:
NDP2504685
Status:
Pending
Beds:
7
Baths:
4
Type:
Single Family
Subtype:
Single Family Residence
Neighborhood:
92028fallbrook
Listed Date:
May 12, 2025
Finished Sq Ft:
3,600
Lot Size:
195,148 sqft / 4.48 acres (approx)
Year Built:
1977
92028fallbrookFallbrook Union

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Schools

School District:
Fallbrook Union

Interior

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
Bathrooms
4 Full Bathrooms
Cooling
Central Air
Flooring
Wood
Heating
Central, Propane
Laundry Features
Dryer Included, Individual Room, Washer Included

Exterior

Community Features
Foothills, Stable(s), Biking
Other Structures
Guest House, Shed(s)
Parking Features
Circular Driveway, Driveway
Parking Spots
2.00
Security Features
Automatic Gate, Card/Code Access, Fire Sprinkler System, Gated Community, Security Lights

Financial

Map

Community

Market Summary

Current real estate data for Single Family in Fallbrook as of Oct 20, 2025
167
Single Family Listed
153
Avg DOM
477
Avg $ / SqFt
$1,186,565
Avg List Price

Property Summary

    5221 Olive Hill Road Fallbrook CA is a Single Family for sale in Fallbrook, CA, 92028. It is listed for $1,649,000 and features 7 beds, 4 baths, and has approximately 3,600 square feet of living space, and was originally constructed in 1977. The current price per square foot is $458. The average price per square foot for Single Family listings in Fallbrook is $477. The average listing price for Single Family in Fallbrook is $1,186,565.

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5221 Olive Hill Road
Fallbrook, CA