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Situated in the coveted Olive Hill neighborhood on the west side of Fallbrook, this 3-bedroom, 2-bath home sits on just under 5 acres of flat, usable land, offering boundless opportunities with picturesque mountain views. Whether you're envisioning a thriving garden, a nursery, or potential horse property, this expansive lot provides the perfect canvas to bring your rural lifestyle dreams to life. The home itself offers a functional layout with large windows that fill the space with natural light and frame views of the scenic surroundings. While the property retains much of its original charm, it offers ample opportunity for customization and upgrades to suit your personal style and needs. Additionally, the property features both a large reservoir & a drilled well. These existing features could be revitalized to support a nursery or other growing operations, or simply enhance the property’s value with the creation of a pond for visual appeal. This is an ideal opportunity for buyers seeking a versatile lot with endless potential in a peaceful, picturesque setting close to town.
Listing agent: Angel Lopez DRE #01847165 Angel@TheLopezGroupsd.com, Listing office: Swell Property
MLS data updated 10/22/2026, 6:18:55 PM PT
Source: CRMLS, MLS #: NDP2500141
Belmont insights
Compare recorded home prices, same-type ZIP sales and mortgage rates.
Mar 11, 2025
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
$1,130,000Closed sale · Mar 11, 2025ZIP 92028 · Mar 2025
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.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.