Listed: 5221 Olive Hill, Fallbrook, CA 92028. 7-bedroom 4-bath, 1977 Fallbrook $1,649,000 begin new search
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Overview

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.

Address 5221 Olive Hill

Fallbrook, CA 92028
Listing Status Active
Asking Price $1,649,000
Original Listing $1,649,000 @ 2025-05-15
Ownership
Age Restriction 0
Property Type
Mello-Roos Fee None Listed
HOA Fee $0
HOA Features Foothills, Stable(s), Biking
Rooms
All Bedrooms Down, Great Room, Kitchen, Laundry, Main Floor Bedroom, Main Floor Primary Bedroom, Primary Bathroom, Primary Bedroom, Walk-In Closet, Walk-In Pantry
Square Footage Not Disclosed
Flooring Wood
Bedrooms 7
Full Bathrooms 4
Location
Directions gate is on Olive Hill & Miles Ranch Rd
Market Area 92028 - Fallbrook
School District Not Listed
Public Records
County San Diego
Assessor Parcel# 1260101600
Zoning R-1:SINGLE FAM-RES
Geographic Areas

Community College District: Palomar CC

Zip Code: 92028

Highway Locator

West of I-15

East of I-5

North of SR-56

North of SR-78

Ocean Distance 17.2 miles
Features
Year Built 1977 (source: Assessor)
Laundry Location Dryer Included,Individual Room,Washer Included
Elevator Not Listed
Cooling Central Air
Heating Central, Propane
Sewer/Septic Conventional Septic
Fireplaces Great Room,Guest House (1)
Security Automatic Gate, Card/Code Access, Fire Sprinkler System, Gated Community, Security Lights
Interior Features Ceiling Fan(s), Crown Molding, High Ceilings, Pantry, Storage, Wired for Data
Appliances Yes
Assessments Yes
Association No
Attached Garage Yes
Common Walls No Common Walls
Cooling Yes
Entry Location door/garage
Heating Yes
High School District Fallbrook Union
Land Lease No
Laundry Yes
Levels One
Living Area Units Square Feet
Lot Features Gentle Sloping, Lot Over 40000 Sqft
Lot Size Source Assessor
Lot Size Units Acres
Parking Yes
Pool Private No
Property Attached No
Room Bathroom Features Double sinks in bath(s), Double Sinks in Primary Bath, Exhaust fan(s), Shower in Tub, Bathtub
Room Kitchen Features Butler's Pantry, Pots & Pan Drawers, Self-closing drawers
Sprinklers No
Tax Model
View Yes
Window Features Blinds, Double Pane Windows, ENERGY STAR Qualified Windows
Monthly Payment Calculator
Listing Source
Platform CRMLS
AOR North San Diego County
MLS Number NDP2504685
Courtesy of Real Broker
Listing Agent Sam Miskowicz
858-361-2099
Exterior
Style Single Family Residence
Material Not Listed
Lot Size ~ 195,149 sf
Fencing Not Listed
Topography Not Listed
Entry Steps 1
Swimming Pool None
Exclusive Yard 0
Parking
Circular Driveway
Driveway
Total Spaces: 2.00
Garage Spaces: 2.00
Non-Garage Spaces: 0 -
View Canyon, Hills, Meadow, Mountain(s), Neighborhood, Panoramic