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Fallbrook Gem with Panoramic Views, Usable Acreage & Endless Potential! A gated driveway welcomes you to this private 1.72-acre property, nestled in the desirable Morro Hills area off Olive Hill Road. The gate is already equipped with electric, offering the option to easily add an automatic opener for convenience and security. The largely usable land once housed two large greenhouses—ideal for gardeners, hobby farmers, or anyone dreaming of a sustainable lifestyle with space for growing fresh produce or keeping chickens. There’s ample room to add a pool, ADU, or simply enjoy the open space for animals and outdoor living. The property features mature avocado, peach, plumeria, hydrangea, and palm trees, creating a lush and colorful backdrop throughout the seasons. A cozy shaded brick patio just outside the sunroom provides the perfect spot to relax or entertain, while custom brickwork, stamped concrete, and charming pathways surround the home. Inside, the home is bright and inviting, featuring original hardwood floors, updated dual-pane windows, and a charming wood-burning fireplace. The spacious kitchen offers abundant counter and storage space, an extended peninsula for serving, and a built-in hutch perfect for a coffee bar or pantry. The layout is flexible and full of potential, offering two spacious bedrooms and two full bathrooms. A garage conversion adds a third bedroom and bath—creating the option for a second primary suite, guest quarters, or multigenerational living. The expansive sunroom connects the main living area to the private suite and features skylights, wall-to-wall windows, and its own wood-burning stove—creating a light-filled retreat full of character and incredible views. A large utility room with washer and dryer separates the additional living space for privacy and convenience. With generous parking in the wrap-around driveway, a workshop behind the home, and plenty of space to grow or create, this property offers the perfect blend of charm, functionality, and freedom. Come experience the peaceful Fallbrook lifestyle—where open skies, rolling hills, and room to dream await.
Listing agent: Rebecca Monge DRE #01961244 RebeccaMonge1965@gmail.com, Listing office: Compass
MLS data updated 10/19/2026, 7:12:38 PM PT
Source: CRMLS, MLS #: NDP2510333
Belmont insights
Compare recorded home prices, same-type ZIP sales and mortgage rates.
Dec 19, 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
$800,000Closed sale · Dec 19, 2025ZIP 92028 · Dec 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.