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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:
Active
Beds:
7
Baths:
4
Address:
5221 Olive Hill Road
Type:
Single Family
Subtype:
Single Family Residence
Neighborhood:
92028fallbrook
City:
Fallbrook
Listed Date:
May 12, 2025
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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Thank you for visiting my website. I am Leanne Lager. I have been lucky enough to call north county my home for over 22 years now. Living in Carlsbad has allowed me to live the lifestyle of my dreams. I graduated CSUSM with a degree in Communications which has allowed me to utilize my passion for both working with people and real estate. I am motivated by connecting my clients with the lifestyle of their dreams. I joined Turner Real Estate based in beautiful downtown Carlsbad Village and found …

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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
Cooling
Central Air
Fireplace Features
Great Room, Guest House
Flooring
Wood
Heating
Central, Propane
Interior Features
Ceiling Fan(s), Crown Molding, High Ceilings, Pantry, Storage, Wired for Data
Window Features
Blinds, Double Pane Windows, E N E R G Y S T A R Qualified Windows

Exterior

Community Features
Foothills, Stable(s), Biking
Garage Spaces
2.00
Lot Features
Gentle Sloping, Lot Over 40000 Sqft
Parking Features
Circular Driveway, Driveway
Parking Spots
2.00
Pool Features
None
Security Features
Automatic Gate, Card/ Code Access, Fire Sprinkler System, Gated Community, Security Lights
Sewer
Conventional Septic
Stories Total
1
View
Canyon, Hills, Meadow, Mountain(s), Neighborhood, Panoramic

Financial

Association Fee
0.00

Map

Community

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5221 Olive Hill Road
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