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About this home
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.
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Around this home
Schools
K - 12
Preschool & daycare
Fallbrook Street Elementary School
Public K-6 • Assigned • 3.1mi
5/10
James E. Potter Intermediate School
Public 7-8 • Assigned • 2.8mi
5/10
Fallbrook High School
Public 9-12 • Assigned • 1.1mi
6/10
Provided by GreatSchools
About South
Fallbrook
South Fallbrook, located between Mission Road and South Stage Coach Lane, is a semi-rural and residential Fallbrook neighborhood with rolling avocado groves and winding canyon roads. The area reads as ranch-style homes, gated lanes, and pockets of equestrian properties set against open hillsides. The neighborhood’s character concentrates around the Mission Rd & Fallbrook St junction, where independent cafés, produce stands, and small-town storefronts set the daily rhythm. Community pillars include Main Street Café, 127 West Social House, and the Fallbrook Art Center, which keep local culture visible beyond the backroads. Santa Margarita River corridors and nearby trailheads shape an outdoors-forward routine. Evenings feel quieter, with dark skies and long views toward the inland ridgelines.
Provided by Walk Score and Local Logic
Offer insights
405 Olive Hill Way · $1,050,000
$1.08M and above
75% chance or better to win
Why $1.08M+ is a strong offer
DAYS ON MARKET
1 days
The average home goes pending in 28 days.
SALE-TO-LIST
99.2%
Most homes are selling 1% below list price.
About offer insights
Property details
Interior
Exterior
Finance
Kitchen
Bathroom
Bedroom
Living
Dining
Interior features
Living room fireplace
Above-ground spa
Walk-in closet
Dressing area
Bedrooms
5 bedrooms, all on the main level
Bathrooms
3 full bathrooms and 1 half bathroom
Walk-in shower, jetted tub, separate tub and shower, bathtub, shower, and double sinks in the primary bathroom
Kitchen
Garbage disposal, microwave, double oven, dishwasher, and electric stove
Breakfast counter/bar and formal dining room
Kitchen open to family room
Walk-in pantry
Laundry & utility
Inside laundry room
Gas and electric dryer hookups
Heating & cooling
Propane heating
Central cooling
Exterior features
Landscaped front yard and yard
Corral
Barn and outbuilding
Horse property
Secluded setting
View
Home design
Single-level home
Single-family residence
No common walls
Parking
8 uncovered parking spaces
3 carport spaces
Gated parking
Asphalt driveway
RV hookups and RV potential
HOA & community
Rural community with horse trails, biking, hiking, and mountainous terrain
Electricity and solar
View estimated energy costs and solar savings for this home
Great single story home on 2.39 acres located on cul-de-sac. Main has 3 bedrooms, 3 baths, and living room with fireplace, huge dining room, indoor laundry room, and spacious kitchen. Guest house has 3 bedrooms and 2baths. It has a separate game room for kids to play and separate barn. Property sold "As Is" condition, no warranties and expressed or implied.
Public Records
Apr 7, 1998
Sold
$360,000
$113/sq ft
CRMLS #971012713
Nov 13, 1997
Listing Removed
—
Aug 4, 1997
Listed
$385,000
$121/sq ft
Year
Property tax
Land + Additions
Assessment*
2025
$4,818 (+2.4%)
$191,261 + $259,571
$450,832
2024
$4,703 (+2.8%)
$187,511 + $254,482
$441,993
2023
$4,576
$183,835 + $249,493
$433,328
2022
$4,578 (+3.2%)
$180,231 + $244,601
$424,832
2021
$4,436 (−0.9%)
$176,698 + $239,805
$416,503
2020
$4,477 (+1.9%)
$173,234 + $235,103
$408,337
2019
$4,395 (+1.5%)
$171,458 + $232,693
$404,151
2018
$4,330 (+2.0%)
$168,097 + $228,131
$396,228
2017
$4,246 (+2.5%)
$161,570 + $219,273
$380,843
2016
$4,141 (+1.9%)
$161,570 + $219,273
$380,843
2015
$4,063 (+2.1%)
$158,402 + $214,974
$373,376
2014
$3,981 (+3.0%)
$152,967 + $207,598
$360,565
2013
$3,864 (−1.0%)
$152,967 + $207,598
$360,565
2012
$3,902 (+6.9%)
$149,291 + $202,608
$351,899
2011
$3,651 (−23.4%)
$149,291 + $202,608
$351,899
2010
$4,768 (+1.0%)
$140,000 + $190,000
$330,000
2009
$4,720 (+1.8%)
$123,698 + $321,619
$445,317
2008
$4,635
$123,992 + $322,384
$446,376
Public record
Public record
Zoning
Beds
6
Baths
5
Stories
—
Lot width
—
Lot depth
—
Lot size
2.39 Acres
Year renovated
1971
Finished Sq. Ft.
2,940
Unfinished Sq. Ft.
—
Total Sq. Ft.
2,940
Year built
1971
Style
Single Family Residential
County
San Diego County
APN
1210222300
Parking Spaces
—
Basement
—
Accessible
—
HOA Dues
—
Garage
—
Features
—
Last updated by owner on Aug 20, 2026.
A70
Limited Agricultural Zone
The A70 Use Regulations are intended to create and preserve areas intended primarily for agricultural crop production. Additionally, a limited number of small farm animals may be kept and agricultural products raised on the premises may be processed.
Typically, the A70 Use Regulations would be applied to areas throughout the County to protect moderate to high quality agricultural land.
Permitted uses
Include but are not limited to:
Agriculture
Housing
Processing
Fire house
Police station
Agriculture-Cropland
Agriculture-Grove / orchard
Park & open space
Climate risks
1/10 Flood Factor
Minimal risk of a flood reaching the building in the next 30 years
6/10 Fire Factor
9% chance of being in a wildfire in next 30 years
7/10 Heat Factor
7 days above 91° expected this year, 22 days in 30 years
1/10 Wind Factor
Minimal risk of severe winds over next 30 years
3/10 Air Factor
3 unhealthy days expected this year, 3 days in 30 years
Provided by First Street
Historical weather
Fallbrook, CA • 92028
Average low and high temperatures (°F)
69
49
70
51
73
52
70
51
74
55
78
58
84
62
87
63
83
64
80
57
72
51
70
49
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Sun exposure
92/ 100
Exceptional sunlight
Sunscore
This home receives average direct sun exposure in Fallbrook. There appears to be minimal shading by surrounding buildings, terrain, and vegetation.
10.5 hrs
6.9 hrs
JuneDecember
Provided by Shadowmap
Redfin Estimate for 405 Olive Hill Way
$1,052,112
$2,112 over list price of $1.05M
Nearby comparable homes
The Redfin Estimate uses 6 recent nearby sales, priced between $980K to $1.5M.