Listed at Miles Ranch: 5221 Olive Hill Road, Fallbrook, CA 92028. 7-bedroom 4-bath, 1977 Miles Ranch $1,888,000 begin new search
Click a button below to contact Buyers' Agent from Compass. Listing Office: RE/MAX Connections.
Schedule A Tour Ask A Question Save To Favorites Follow 5221 Olive Hill Road

Overview

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 truly a rare find and is located in the coveted Bonsall school district and a short drive to the 76 Freeway and shopping and restaurants and only 10 miles to Oceanside Harbor. Welcome Home!

Address 5221 Olive Hill Road

Fallbrook, CA 92028
Listing Status Active
Asking Price $1,888,000
Original Listing $1,970,000 @ 2024-11-03
Property Condition Updated/Remodeled
Ownership
Age Restriction 0
Property Type
Mello-Roos Fee None Listed
HOA Fee $0
HOA Features Rural
Rooms
Great Room, Primary Suite, Walk-In Closet
Square Footage Not Disclosed
Bedrooms 7
Full Bathrooms 4
Location
Directions Please use GPS.
Market Area 92028 - Fallbrook
Complex Miles Ranch
School District Not Listed
Public Records
County San Diego
Assessor Parcel# 1260101600
Zoning R-1
Geographic Areas

Community College District: Palomar CC

Zip Code: 92028

Highway Locator

West of I-15

East of I-5

North of SR-56

North of SR-78

Ocean Distance 17.2 miles
Features
Year Built 1977 (source: Assessor)
Laundry Location Dryer Included,Individual Room
Elevator Not Listed
Cooling Central Air, Wall/Window Unit(s)
Heating
Sewer/Septic Conventional Septic
Fireplaces Great Room,Guest House,Propane (1)
Security Carbon Monoxide Detector(s), Gated Community, Smoke Detector(s)
Additional Parcels No
Appliances No
Assessments Yes
Association No
Attached Garage Yes
Carport Spaces 1.00
Common Walls No Common Walls
Cooling Yes
Entry Location 1
Heating No
High School District Fallbrook Union
Land Lease No
Laundry Yes
Levels One
Living Area Source Seller
Living Area Units Square Feet
Lot Features Horse Property, Landscaped, Lot Over 40000 Sqft, Irregular Lot, Ranch, Sprinkler System, Yard
Lot Size Source Assessor
Lot Size Units Acres
New Construction No
Parking No
Pool Private No
Property Attached No
Road Surface Type Paved
Room Bathroom Features Tile Counters
Room Kitchen Features Quartz Counters, Walk-In Pantry
Sprinklers Yes
Tax Model
View Yes
Window Features Double Pane Windows, Screens, Skylight(s)
Monthly Payment Calculator
Listing Source
Platform CRMLS
AOR North San Diego County
MLS Number NDP2409383
Courtesy of RE/MAX Connections
Listing Agent Eugene Wilson
genewilson2000@yahoo.com
Exterior
Style Single Family Residence
Material Not Listed
Lot Size ~ 195,149 sf
Fencing Not Listed
Topography Not Listed
Roof Asbestos Shingle
Entry Steps 1
Swimming Pool None
Exclusive Yard 0
Parking
Total Spaces: 15.00
Garage Spaces: 2.00
Non-Garage Spaces: 0 - 12.00
View Hills, Neighborhood, Panoramic