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.