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Escape to your own private oasis in the scenic hills of Fallbrook! This exceptional 4.99-acre property offers a rare combination of privacy, breathtaking panoramic views, existing improvements, and incredible future potential. Whether you're dreaming of building a custom estate, creating a family compound, establishing a boutique farm, or simply enjoying peaceful country living, this property is ready to inspire. A Rainbow Municipal Water District meter is already connected, providing one of the most valuable improvements for future development. The property also includes an existing travel trailer, powered by its own solar system, allowing you to comfortably enjoy the land while planning your future home. Electricity is conveniently located nearby for future connection. One of the property's most unique features is that it consists of two legal lots (ONE APN - SEPARATED BY A ROAD) within a nearly 5-acre parcel, offering exceptional flexibility and future potential. The upper lot features an expansive, mostly level homesite with sweeping valley and mountain views—the perfect canvas for your dream home. The lower lot provides additional usable space for a guest home, agricultural use, recreation, or other possibilities, subject to buyer investigation and county requirements. Currently zoned A70, the property offers flexibility for a variety of residential, agricultural, equestrian, and investment opportunities. Conveniently located just minutes from Interstate 15, Old Highway 395, shopping, restaurants, wineries, and all that Fallbrook has to offer, you'll enjoy the perfect balance of peaceful rural living without sacrificing accessibility. Properties offering municipal water, existing improvements, spectacular views, and nearly 5 acres in this location are increasingly hard to find. Come experience the possibilities for yourself.
Listing agent: Mayra Bravo DRE #02125844 mayrabravorealtor@gmail.com, Listing office: LPT Realty, Inc
MLS data updated 10/20/2026, 6:20:00 AM PT
Source: CRMLS, MLS #: SW26148865
Belmont insights
Compare recorded home prices, same-type ZIP sales and mortgage rates.
Oct 12, 2026
Prices use the left axis; mortgage rates use the right. Hover, tap, or focus the chart and use the arrow keys. Red SOLD badges mark recorded sales.
This home · nearest recorded event
$334,900Asking price recorded · Oct 12, 2026ZIP 92028 · Oct 2026
No monthly averageAt least 3 eligible sales in this month are required.30-year fixed mortgage benchmark
No weekly rateNo published rate within 7 days of this date.No recorded sales in this range. Select All available for older records; missing records do not mean the home never sold.
ZIP averages use publicly displayable closed sales from our licensed MLS feed, matched to the same ZIP and exact property type. Months with fewer than 3 sales are omitted; the current month is incomplete. Lines connect available monthly observations across gaps and do not represent measured prices in missing months. These averages are not adjusted for size, condition, or location within the ZIP, and are not an appraisal. Feed coverage may not include every sale. All available shows the available home and ZIP history, with mortgage rates over the same dates.
Mortgage benchmark: Freddie Mac Primary Mortgage Market Survey®. © Freddie Mac. Weekly national 30-year fixed rates, not APRs or a loan quote. Actual terms vary. Methodology changed in November 2022. The chart does not establish that interest-rate changes caused a home’s price changes.
Lines connect recorded asking and sale prices. They are visual guides, not estimates of the home’s value between those dates.
No earlier records were returned by our current sources. This does not mean the home has never sold.
MLS records may be incomplete. Earlier asking prices are not sale prices.