5221 Olive Hill Road, Fallbrook, CA 92028

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Property Description

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!


Interior Features

Laundry Information
Location(s) Laundry Room
Bedroom Information
Bedrooms 7
Bathroom Information
Bathrooms 4
Interior Information
Features Primary Suite, Walk-In Closet(s)
Cooling Type Central Air, Wall/Window Unit(s)

Listing Information

Address 5221 Olive Hill Road
City Fallbrook
State CA
Zip 92028
County San Diego
Listing Agent Eugene Wilson DRE #01082982
Courtesy Of RE/MAX Connections
List Price $1,970,000
Status Active
Type Residential
Subtype Single Family Residence
Structure Size 3,600
Lot Size 195,149
Year Built 1977

Listing information courtesy of: Eugene Wilson, RE/MAX Connections. *Based on information from the Association of REALTORS/Multiple Listing as of Nov 3rd, 2024 at 4:36 PM and/or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.