
405 Olive Hill Way, Fallbrook, CA 92028
405 Olive Hill Way, Fallbrook, CA 92028
Property Description
Exceptional 2.39-acre property featuring a 3-bedroom main residence, detached 2-bedroom ADU, barn, arena, and corrals, all set against breathtaking views in a peaceful Fallbrook setting. Tucked away at the end of a quiet cul-de-sac, this special property offers room to spread out, gather with loved ones, and enjoy the beauty of country living. Expansive views in nearly every direction, refreshing summer breezes, and a welcoming sense of privacy make this a truly special place to call home. The main residence features generously sized rooms and an inviting, open feel, with a thoughtful layout that makes everyday living and entertaining a pleasure. The detached two-bedroom ADU offers wonderful flexibility for multigenerational living, extended family, or guests, complete with its own private fenced patio and yard and expansive views of the surrounding landscape. A standalone 400-square-foot bonus room offers an inviting space to gather with friends and family, enjoy game nights, or pursue hobbies. For those drawn to a more rural lifestyle, the barn, arena, and corrals offer a wealth of possibilities. Over the years, the property has welcomed horses, donkeys, goats, pigs, chickens, and peacocks, making it a wonderful setting for a variety of animals and agricultural pursuits. The grounds offer opportunities for an orchard, vineyard, or other uses, while established citrus and avocado trees thrive on the property. The landscape changes beautifully with the seasons, bringing especially lush greenery through the winter and spring. A covered hot tub area just off the primary bedroom creates a peaceful, private retreat, while a six-foot privacy fence enhances the backyard. Additional highlights include a relaxing jetted tub in the spacious bathroom, a generous wraparound driveway, abundant parking, and a barn with a 220V electrical hookup and water connections for an RV. The expansive parking and access areas offer flexibility for additional vehicles, trailers, and deliveries. Beyond the property, the neighborhood captures the small-town charm that makes Fallbrook so special. Friendly neighbors look out for one another and take pride in their homes and surroundings. With sports fields nearby and the high school conveniently close, this location offers a wonderful balance of privacy, space, and community. A rare opportunity to enjoy versatile acreage, beautiful views, and a welcoming neighborhood all in one special property.
Features & Amenities
Property Details
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Comparative Market Analysis
Luxury Tier · 5 active · 5 closed
Fallbrook · Single Family Residence
Listed 5.2% below the median closed sale of $1,107,500. Price per sqft ($329) is a 13% discount to closed comps ($380). Expect a longer timeline — comps averaged 171 days on market. Luxury tier — fewer comparable sales widen the confidence range.
Price Position
Priced below the market — value advantage over the field.
Active Properties (5)
Active Comparables
| Address | City | Year | BD | BTH | SqFt | LotSz | LP/SqFt | LP | DIM | Score |
|---|---|---|---|---|---|---|---|---|---|---|
| 4994 San Jacinto Circle | Fallbrook | 1965 | 3 | 4 | 2,616 | 138,085 | $382 | $998,747 | 4 | 70 |
| 4880 San Jacinto Circle East | Fallbrook | 1962 | 3 | 3 | 2,276 | 186,437 | $527 | $1.20M | 37 | 57 |
| 210 Rancho Camino | Fallbrook | 1972 | 4 | 3 | 2,100 | 52,708 | $571 | $1.20M | 16 | 52 |
| 1701 Acacia Lane | Fallbrook | 1955 | 2 | 3 | 2,352 | 247,421 | $380 | $894,900 | 44 | 52 |
| 2286 Crest Hill Lane | Fallbrook | 1999 | 4 | 3 | 2,920 | 14,416 | $308 | $899,000 | 31 | 52 |
| Total: 5 · Average | 3.2 | 3.2 | 2,452.8 | 127,813.4 | $433.6 | $1.04M | 26.4 | |||
| Median | 2,352 | $998,747 | ||||||||
Closed Properties (5)
Closed Comparables
| Address | City | Year | Date | BD | BTH | SqFt | LotSz | LP | SP | SP/SqFt | SP/LP | DIM | Score |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 435 Rancho Camino | Fallbrook | 1971 | 08/18/2026 | 4 | 4 | 3,198 | 104,544 | $1.02M | $950,000 | $297 | 0.93 | 50 | 82 |
| 1650 Winterwarm Drive | Fallbrook | 1983 | 09/30/2026 | 4 | 3 | 3,265 | 45,302 | $1.15M | $1.14M | $349 | 0.99 | 254 | 69 |
| 358 Spanish Spur | Fallbrook | 1976 | 06/02/2026 | 3 | 2 | 2,169 | 63,162 | $1.11M | $1.11M | $512 | 1.00 | 76 | 68 |
| 1674 Baja Vista Drive | Fallbrook | 1987 | 07/21/2026 | 3 | 2 | 2,797 | 47,045 | $1.14M | $1.11M | $396 | 0.97 | 83 | 65 |
| 2240 Aqua Hill Road | Fallbrook | 2007 | 07/27/2026 | 4 | 3 | 3,034 | 158,558 | $1.05M | $1.05M | $346 | 1.00 | 390 | 64 |
| Total: 5 · Average | 3.6 | 2.8 | 2,892.6 | 83,722.2 | $1.07M | $1.07M | $380 | — | 170.6 | ||||
| Median | 3,034 | $1.11M | $1.11M | ||||||||||
Market Analysis
List vs Sale $/SqFt
Sale Price Trend
Days on Market
Sale vs List Price
This analysis was generated automatically from MLS data. For an in-depth, human-reviewed valuation, contact Joseph Sardella at josephsardella@gmail.com.