5221 Olive Hill Road
Fallbrook, CA, 92028
$1,970,000
7 Beds
4 Baths
3,600 SqFt
4.48 Acres
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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 and is located in the coveted Bonsall school district and a short drive to the 76 Freeway and shopping and restaurants and only 10 miles to Oceanside Harbor. Welcome Home!

Property Details

Price:
$1,970,000
MLS #:
NDP2409383
Status:
Active
Beds:
7
Baths:
4
Address:
5221 Olive Hill Road
Type:
Single Family
Subtype:
Single Family Residence
Neighborhood:
92028fallbrook
City:
Fallbrook
Listed Date:
Oct 1, 2024
State:
CA
Finished Sq Ft:
3,600
ZIP:
92028
Lot Size:
195,148 sqft / 4.48 acres (approx)
Year Built:
1977
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Schools

Interior

Cooling
Central Air, Wall/ Window Unit(s)
Fireplace Features
Great Room, Guest House, Propane
Window Features
Double Pane Windows, Screens, Skylight(s)

Exterior

Community Features
Rural
Garage Spaces
2.00
Lot Features
Horse Property, Landscaped, Lot Over 40000 Sqft, Irregular Lot, Ranch, Sprinkler System, Yard
Parking Spots
15.00
Pool Features
None
Roof
Asbestos Shingle
Security Features
Carbon Monoxide Detector(s), Gated Community, Smoke Detector(s)
Sewer
Conventional Septic
Stories Total
1
View
Hills, Neighborhood, Panoramic

Financial

Association Fee
0.00
Utilities
Propane, Electricity Connected

Map

Community

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