Very Rare Gem in the Fallbrook Village area. This New Construction completed in 2023 is a beautiful residential/commercial property with two separate parcels, offering endless possibilities. The Bungalow style home is a stunning single-story featuring 3 bedrooms and 2 baths, with approximately 1100 square feet of living space. The attention to detail is evident throughout, with high-end finishes and 2 Dutch style doors and hardwood engineered flooring. The Chef's Dream Kitchen boasts a large farm sink, beautiful granite countertops, and an enormous granite countertop island with seating for 5. All LG appliances, including the refrigerator, dishwasher, and oven & microwave combination, are stainless steel. Additionally, the kitchen area includes a full-size stainless steel stackable washer & dryer for your convenience. This all-electric home offers comfort with 3 ceiling fans, plantation shutters on the windows, and central air conditioning, and heating. The Great Room features industrial-style overhead venting and a beautiful hardwood tongue and groove ceiling. There are also 2 classic Barn doors on the front bedroom and master bathroom. For enhanced security the home is monitored by 4 hardwired ring cameras on each side of the home. Enjoy the outdoors on the covered wrap-around front porch with Trex-Deck no maintenance decking, or on the spacious back patio also featuring Trex-Deck decking. There is a generous size storage room under the home which is accessed thru a covered door on the north side of the home. The property, spanning 7,802 square feet (both parcels), is fully fenced and mostly level, with one avocado tree adding to the charm. Two iron double gates and one pedestrian gate provide easy access. Each large fence post is equipped with automatic solar lights that beautifully showcase the property at night. Conveniently located just one block from Historic Main Street, you'll have easy access to all the wonderful shops, restaurants, and art centers Fallbrook has to offer. Not to mention, you'll be just steps away from the Avocado and Summer Nights festivals. With the 2nd adjacent parcel holding potential for a second residence/business and guest house, this property truly offers a world of possibilities, including an amazing VRBO - vacation rental property. Don't miss out on this incredible opportunity to call Fallbrook Village home. Welcome home.