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Back$1,050,0005 bd4 ba3,194 sqft

$1,050,000For sale

405 Olive Hill Way

Fallbrook, CA 92028 · MLS# NDP2609882

Listing courtesy of SRG
  • 5Beds
  • 4Baths
  • 3,194Sq Ft
  • 1971Year Built

About This Home

Exceptional 2.39-acre property featuring a 3-bedroom main residence, detached 2-bedroom ADU, barn, arena, and corrals, all set against breathtaking views in a peaceful Fallbrook setting. Tucked away at the end of a quiet cul-de-sac, this special property offers room to spread out, gather with loved ones, and enjoy the beauty of country living. Expansive views in nearly every direction, refreshing summer breezes, and a welcoming sense of privacy make this a truly special place to call home. The main residence features generously sized rooms and an inviting, open feel, with a thoughtful layout that makes everyday living and entertaining a pleasure. The detached two-bedroom ADU offers wonderful flexibility for multigenerational living, extended family, or guests, complete with its own private fenced patio and yard and expansive views of the surrounding landscape. A standalone 400-square-foot bonus room offers an inviting space to gather with friends and family, enjoy game nights, or pursue hobbies. For those drawn to a more rural lifestyle, the barn, arena, and corrals offer a wealth of possibilities. Over the years, the property has welcomed horses, donkeys, goats, pigs, chickens, and peacocks, making it a wonderful setting for a variety of animals and agricultural pursuits. The grounds offer opportunities for an orchard, vineyard, or other uses, while established citrus and avocado trees thrive on the property. The landscape changes beautifully with the seasons, bringing especially lush greenery through the winter and spring. A covered hot tub area just off the primary bedroom creates a peaceful, private retreat, while a six-foot privacy fence enhances the backyard. Additional highlights include a relaxing jetted tub in the spacious bathroom, a generous wraparound driveway, abundant parking, and a barn with a 220V electrical hookup and water connections for an RV. The expansive parking and access areas offer flexibility for additional vehicles, trailers, and deliveries. Beyond the property, the neighborhood captures the small-town charm that makes Fallbrook so special. Friendly neighbors look out for one another and take pride in their homes and surroundings. With sports fields nearby and the high school conveniently close, this location offers a wonderful balance of privacy, space, and community. A rare opportunity to enjoy versatile acreage, beautiful views, and a welcoming neighborhood all in one special property.

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Property at a Glance: 405 Olive Hill Way

This single family residence property at 405 Olive Hill Way, Fallbrook, CA 92028 is for sale at $1,050,000. The home has 5 bedrooms, 4 bathrooms and 3,194 square feet of living space. It was built in 1971 and sits on a lot of 2.39 acres. That comes to about $329 per square foot. Reach out to set up a showing or ask for more details about this home.

Snapshot

Status
For sale
Price
$1,050,000
Bedrooms
5
Bathrooms
4
Full Baths
3
Half Baths
1
Property Type
Single Family Residence
Year Built
1971
Square Feet
3,194
Lot Size
2.39 acres
Days on Market
1
MLS #
NDP2609882
Price per Sq Ft
$329
County
San Diego

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Property Details

Building
Property Type: Single Family Residence
Year Built: 1971
Stories: 1
Architectural Style: Patio Home
Land
Lot Size: 2.39 acres
View: Hills, Neighborhood, Panoramic
Lot Features: 2-5 Units/Acre, Cul-De-Sac, Front Yard, Horse Property, Landscaped, Secluded, Yard
Money
County: San Diego
HOA: No
Rooms
Heating: Propane
Cooling: Central Air
Appliances: Double Oven, Dishwasher, Electric Cooktop, Disposal, Microwave
Interior: Breakfast Bar, Separate/Formal Dining Room, Bedroom on Main Level, Dressing Area, Main Level Primary, Primary Suite, Walk-In Pantry, Walk-In Closet(s)
Fireplace: Living Room
Laundry: Electric Dryer Hookup, Gas Dryer Hookup, Inside, Laundry Room
Structures
Garage Spaces: 0
Parking: Asphalt, Carport, Driveway, Gated, RV Hook-Ups, RV Potential
Pool: None

Living in Fallbrook, CA

405 Olive Hill Way is in Fallbrook, CA, in San Diego County. Ask Brad & Karen Mattonen about other homes for sale in Fallbrook and what nearby homes have sold for.

Location

405 Olive Hill Way, Fallbrook, CA 92028 Open in Google Maps

Mortgage Calculator

Estimated Monthly Payment$5,309
$840,000Loan Amount
$210,000Down Payment
$1,071,374Total Interest

Principal and interest only. Taxes, insurance and HOA dues are extra.

Brad & Karen Mattonen Can Answer Your Questions About This Home

Why Work With Brad & Karen Mattonen?

Buying a home in Fallbrook, CA goes better with a local agent on your side. Brad & Karen Mattonen can set up private showings, pull the latest numbers for the area, and guide you through the offer and the closing. Call 18585182875 to get started. Whether 405 Olive Hill Way is the one or you would like to see other homes nearby, reach out any time.

Local facts

Facts and context beyond the MLS description

What the numbers say about 405 Olive Hill Way and the Fallbrook area around it.

Current market context

How this home compares in Fallbrook

  • $329This home per sq ft
  • $431Median per sq ft
  • 29Homes for sale like it
  • 23Average days on market

At $329 per square foot, 405 Olive Hill Way is priced about 24% below the $431 median for 5 or more bedroom homes for sale in Fallbrook now.

Nearby sold homes

Recent sold homes near this property

Homes that sold within 1.25 miles of 405 Olive Hill Way in the last 6 months, at a median price of $1,079,500.

AddressSoldHomeSold priceDistance
3013 Olive HillAug 11, 20263 bd · 3 ba · 3,529 sqft$1,635,0000.3 mi
3538 Cazador LaneSep 30, 20263 bd · 3 ba · 2,762 sqft$1,500,0000.5 mi
2240 Aqua Hill RoadJul 27, 20264 bd · 3 ba · 3,034 sqft$1,049,0000.6 mi
2824 Olive Hill RoadMay 29, 20263 bd · 3 ba · 1,988 sqft$900,0000.6 mi
3013 3017 S Mission RoadAug 19, 20260 bd · 0 ba · 0 sqft$667,0000.6 mi
1152 Big Oak Ranch RoadJul 2, 20263 bd · 3 ba · 2,110 sqft$955,0000.8 mi
3082 Camino CieloSep 29, 20264 bd · 3 ba · 2,662 sqft$1,261,5000.8 mi
1010 Buena SuerteJul 20, 20265 bd · 3 ba · 2,871 sqft$1,110,0000.9 mi

Every home is different. Ask for a full price review before you make an offer.

Listing timeline

Price and status history

DateEventPrice
Oct 29, 2026Active$1,050,000

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