5221 Olive Hill Road, Fallbrook, CA

$1,888,000

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7

Beds

4

Baths

3,600

Square feet

4.48

Acres

About 5221 Olive Hill Road

Price Lowered!! 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 t

Features of 5221 Olive Hill Road

MLS® # NDP2409383
Price $1,888,000
Bedrooms 7
Bathrooms 4.00
Full Baths 4
Square Footage 3,600
Acres 4.48
Year Built 1977
Type Residential
Sub-Type Detached
Status ACTIVE

Community Information

Address 5221 Olive Hill Road
Area FALLBROOK (92028)
Subdivision Morro Hills
City Fallbrook
County San Diego
State CA
Zip Code 92028

Amenities

# of Garages 2
View Mountains/Hills, Panoramic, Neighborhood
Is Waterfront No
Has Pool No
Pool N/K

Interior

Cooling Central Forced Air, Wall/Window
Fireplace Yes
Fireplaces Great Room, Guest House, Propane
# of Stories 1

Exterior

Lot Description Landscaped
Roof Asbestos Shingle

Additional Information

Date Listed October 1st, 2024
Days on Market 129
Zoning R-1
Foreclosure No
Short Sale No
RE / Bank Owned No

Listing Details

OfficeRE/MAX Connections

Listing Map

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