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40461 Rock Mountain, Fallbrook, CA 92028

$1.23M5bd · 7ba · 4,532 sqft
Lot 49,658 sqft•Single Family Residence•
Active
•38d on market•MLS# ND-26210247

Property Description

Gorgeous Private Multi Generation Home - Paid Off Solar! 4,532 sq. ft. of flexible living space on 1.14 acres. The main residence features 5 bedrooms, 6.5 bathrooms, 2 full kitchens, multiple living areas, 3 laundry locations, an oversized 3-car garage, massive workshop and an office/potential 6th bedroom with a closet behind the garage. Ideal for multigenerational living, extended family, guests, work-from-home needs or potential rental income. One of the home's most unique features is how easily it can function as one large residence or two separate living spaces. Upstairs are 4 bedrooms and 4 bathrooms, plus a kitchen and living area, while downstairs features the primary suite, main kitchen, family room, breakfast area and additional living spaces. An existing interior locking door is all that separates an approximately 1,000 sq. ft private living area with 2 bedrooms, 2 bathrooms, full kitchen, living room, balcony and two separate entry points. Simply lock the connecting door for a private ADU-style living arrangement, or unlock it and the space flows seamlessly back into the main residence. An incredibly easy and versatile setup for extended family, adult children, guests or potential rental use. The downstairs primary suite features a large walk-in closet, private deck with beautiful views, separate his-and-hers toilet areas and an outdoor-inspired shower surrounded by natural rock and greenery. The main kitchen opens to the family room and breakfast area and includes two pantries. French doors open to outdoor living areas and views. A formal dining area, sitting/living room and guest half bath complete the main living areas. Behind the garage, the large woodworking workshop offers multiple private access points. An additional room with a small closet is currently used as an office but offers potential as a 6th bedroom, studio, gym or hobby room (see virtual photo). This spacious home has dual AC systems, newer roof and oversized garage. Large separate storage room, multiple laundry areas including a large inside laundry room with sink, has an additional shower and toilet with direct access to the patios and workshop area! Views, and private yard offers avocado, citrus, pomegranate, persimmon, loquat, peach and macadamia trees, plus irrigated raised garden beds. Enjoy peaceful Fallbrook living, with minutes to local winery, Rock Mountain and Santa Margarita River trails, 10 minutes to down town Fallbrook!

Features & Amenities

FallbrookFeeBuilt 1984

Property Details

Subdivision
Fallbrook
Land Type
Fee
Year Built
1984
Property Type
Residential
Property Subtype
Single Family Residence
Parking Spaces
8
Garage Spaces
3
Heating
Central
Cooling
Central Air
View
Canyon, Hills, Mountain(s), Panoramic, Valley
City
Fallbrook
Zip Code
92028
County
San Diego
Listed byCapitis Real Estate, Susannah Levicki

Mortgage Calculator

Current Rates

$
$
%
Monthly Payment
$6,194.27
Principal & Interest
Loan Amount
$980,000
Total Interest
$1,249,936
Total Payment Over 30 Years
$2,229,936
This calculator provides estimates only. Actual mortgage payments may include taxes, insurance, HOA fees, and PMI. Contact a lender for accurate quotes.

About Fallbrook

This property is located in Fallbrook, a community in Fallbrook. Explore more listings in this neighborhood to compare options and pricing.

View Fallbrook Listings

Comparative Market Analysis

Luxury Tier · 5 active · 5 closed

40461 Rock Mountain, Fallbrook, CA 92028

Fallbrook · Fallbrook · Single Family Residence

$1.23M
Luxury Tier
Beds
5
Baths
7
Sqft
4,532
Lot
1.14 ac
Year
1984
$/Sqft
$270
Pool: No✓
Spa: No✓
View: city✓
Garage: 3-car✓

Listed 11.9% above the median closed sale of $1,095,000. Price per sqft ($270) is a 32% discount to closed comps ($398). Expect a longer timeline — comps averaged 120 days on market. Luxury tier — fewer comparable sales widen the confidence range.

Price Position

Positioned above the market — commands a premium.

Premium
Subject listed at $1.23M· $270/sqft
Total list price
Closed comps
vs closed median $1.09M
+$130K (+11.9%)
Active comps
vs active median $1.27M
−$50K (−3.9%)
Price per sqft
Closed compsinsufficient comp data
Active comps
vs active avg $/sqft $441
−$171 (−38.8%)

Active Properties (5)

Active Comparables

AddressCityYearBDBTHSqFtLotSzLP/SqFtLPDIMScore
40789 Rock MountainFallbrook1991322,54086,684$551$1.40M472
2713 MissionFallbrook2003432,48262,291$544$1.35M13154
365 Charles Swisher CourtFallbrook2008543,40117,860$375$1.27M3447
1094 Hillcrest View LaneFallbrook2003443,65765,340$328$1.20M1944
2890 Vista Del RioFallbrook1983432,94990,169$407$1.20M1642
Total: 5 · Average4.03.23,005.864,468.8$441$1.28M40.8
Median2,949$1.27M

Closed Properties (5)

Closed Comparables

AddressCityYearDateBDBTHSqFtLotSzLPSPSP/SqFtSP/LPDIMScore
750 JerichoFallbrook198410/29/2026553,69952,708$1.28M$1.25M$3380.9813560
510 Hilbert DriveFallbrook199007/01/2026332,740194,713$1.13M$1.09M$4000.9726357
1175 RiverviewFallbrook195405/21/2026443,496328,878$1.22M$1.22M$3501.008452
4241 Via El DoradoFallbrook199110/15/2026322,134101,495$1.05M$1.06M$4991.016851
1943 James GaynorFallbrook200708/11/2026332,62317,313$1.07M$1.06M$4040.994947
Total: 5 · Average3.63.42,938.4139,021.4$1.14M$1.14M$398.2—119.8
Median2,740$1.09M$1.09M

Market Analysis

List vs Sale $/SqFt

Sale Price Trend

Days on Market

Sale vs List Price

AI-generated CMA

This analysis was generated automatically from MLS data. For an in-depth, human-reviewed valuation, contact Joseph Sardella at josephsardella@gmail.com.