5221 Olive Hill Road Fallbrook, CA $1,888,000

5221 Olive Hill Road | Fallbrook (92028) Morro Hills

$1,888,000 | 7 Beds | 4 Baths (4 Full) | 3,600 Sq. Ft.

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! CRMLS NDP2409383

Directions to property: Please use GPS.

MLS Listing ID: 
CRMLS NDP2409383
Purchase
Community Information
School District: 
Fallbrook Union
Association Fee: 
$0
Building Details
Details about the building on a property.
Stories: 
1
Year Built: 
1977
New Construction: 
0
Living Area: 
3,600
Fireplaces: 
Great Room, Guest House,
Construction
Roof: 
Asbestos Shingle
Room Details
Details about the rooms in the building.
Total Bedrooms: 
7
Total Bathrooms: 
4
Total Full-Bathrooms: 
4
Total Half-Bathrooms: 
0
Utilities
Information about utilities available on the property.
Cooling System: 
Central Air, Wall/Window Unit(s)
Sewer: 
Conventional Septic
Lot/Land Details
Details about the lots and land features included on the property.
Acres: 
4.48
Lot Size (Area): 
4.48
View: 
Hills, Neighborhood, Panoramic
Lot Features
Garage: 
2
Pool: 
None
Public Record
Parcel Number: 
1260101600
Listing Dates
Dates involved in the transaction.
Listing Date/Time: 
10/1/2024
Listing Entry Date/Time: 
10/22/2024
Status Change Date/Time: 
11/2/2024
Contract Details
Details about the listing contract.
Inclusions: 
Select Furniture to convey
Listing Participants
Participants (agents, offices, etc.) in the transaction.
Listing Agent Name: 
Eugene Wilson
Listing Office Name: 
RE/MAX Connections

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