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Key Details
Sold Price $1,470,325
Property Type Single Family Home
Sub Type Single Family Residence
Listing Status Sold
Purchase Type For Sale
Square Footage 3,600 sqft
Price per Sqft $408
MLS Listing ID NDP2504685
Sold Date 10/08/25
Bedrooms 7
Full Baths 4
HOA Y/N No
Year Built 1977
Lot Size 4.480 Acres
Property Sub-Type Single Family Residence
Property Description
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.
Location
State CA
County San Diego
Area 92028 - Fallbrook
Zoning R-1:SINGLE FAM-RES
Rooms
Other Rooms Guest House, Shed(s)
Interior
Interior Features Ceiling Fan(s), Crown Molding, High Ceilings, Pantry, Storage, Wired for Data, All Bedrooms Down, Bedroom on Main Level, Instant Hot Water, Main Level Primary, Walk-In Pantry, Walk-In Closet(s)
Heating Central, Propane
Cooling Central Air
Flooring Wood
Fireplaces Type Great Room, Guest Accommodations
Fireplace Yes
Appliance Convection Oven, Double Oven, Dishwasher, Electric Cooktop, Electric Oven, Electric Range, Disposal, Microwave, Refrigerator, Range Hood, Self Cleaning Oven, Vented Exhaust Fan, Dryer, Washer
Laundry Laundry Room
Exterior
Parking Features Circular Driveway, Driveway
Garage Spaces 2.0
Garage Description 2.0
Pool None
Community Features Biking, Foothills, Stable(s), Gated
View Y/N Yes
View Canyon, Hills, Meadow, Mountain(s), Neighborhood, Panoramic
Total Parking Spaces 2
Private Pool No
Building
Lot Description Gentle Sloping, Lot Over 40000 Sqft
Story 1
Entry Level One
Sewer Septic Tank
Level or Stories One
Additional Building Guest House, Shed(s)
Schools
School District Fallbrook Union
Others
Senior Community No
Tax ID 1260101600
Security Features Fire Sprinkler System,Security Gate,Gated Community,Key Card Entry,Security Lights
Acceptable Financing Cash, Conventional, FHA, VA Loan
Listing Terms Cash, Conventional, FHA, VA Loan
Financing Conventional
Special Listing Condition Standard
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Bought with Alex Eychis Estate Properties
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Ivan Perez
Broker Associate | License ID: 01952891
Broker Associate License ID: 01952891