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For sale
  • Listed by: Coldwell Banker Realty • Sandra Sarro • Contact: sarroteam@gmail.com
    $1,070,000

    1866 Santa Margarita Dr, Fallbrook, CA 92028

    3beds
    2,179sqft
    : 
    $6,741/mo
    Get pre-qualified
    Single Family Residence
    Built in 1979
    1.37 Acres Lot
    $1,040,900 Zestimate®
    $491/sqft
    $30/mo HOA

    What's special

    Perched high above the Santa Margarita Valley, this Fallbrook sanctuary offers an unparalleled blend of elevated luxury, absolute peace, and vibrant natural beauty—all just minutes from the heart of the "Friendly Village." Breathtaking panoramic vistas, ocean breezes, and golden-hour sunsets serve as the backdrop to everyday life, enjoyed from the expansive 475-square-foot wrap-around view deck. Start your day with a hike or ride horses along the Santa Margarita River nearby then enjoy coffee in your lush grounds, shady gardens & fruit trees. Arriving guests are welcomed through a gated entrance and convenient circular driveway featuring a large covered porte-cochère framing glass double entry doors and modern glass garage doors, establishing a graceful sense of arrival with ample space for guest and RV parking. Inside, the light-filled residence seamlessly balances classic charm with sophisticated entertaining spaces. The magnificent 30-foot great room boasts exposed beams, wall-to-wall picture windows framed by white plantation shutters, streaming light from 3 large clerestory windows and a versatile open area positioned to capture the incredible view. Start your day in the chef's kitchen featuring stainless appliances, concrete counters, brick detail and stylish roll-up window to effortlessly entertain, while 2 sets of French doors lead out to a large covered retreat patio with fireplace. The comfortable floorplan features an indoor laundry room, a tranquil primary view suite, versatile entry-level guest en-suite and solar system. Remodeled bath is focused on natural elements with new lighting, stunning live edge vanity counter and hammered copper sink. Generous grounds with ample room to enjoy gathering, the owners have hosted beautiful weddings and parties under the tree canopy with ambient market lighting.
    4 days
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    772
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    72
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    Zillow last checked:

    Listing updated:

    Listed by:

    Sandra Sarro DRE #01412332 sarroteam@gmail.com,

    Coldwell Banker Realty

    Source: CRMLS,MLS#: NDP2607568MLS LogoOriginating MLS: California Regional MLS (North San Diego County & Pacific Southwest AORs)

      Facts & features

      Interior

      Bedrooms & bathrooms
      • Bedrooms: 3
      • Bathrooms: 3
      • Full bathrooms: 3
      • Main level bathrooms: 1
      • Main level bedrooms: 1
      Rooms
      • Room types: Bedroom, Entry/Foyer, Foyer, Kitchen, Living Room, Primary Bathroom, Primary Bedroom, Other
      Primary bedroom
      • Features: Primary Suite
      Bedroom
      • Features: Bedroom on Main Level
      Other
      • Features: Walk-In Closet(s)
      Cooling
      • Central Air
      Appliances
      • Laundry: In Garage
      Features
      • Bedroom on Main Level, Entrance Foyer, Primary Suite, Walk-In Closet(s)
      • Has fireplace: Yes
      • Fireplace features: Decorative, Gas, See Remarks
      • Common walls with other units/homes: No Common Walls
      Interior area
      • Total interior livable area: 2,179 sqft

      Property

      Parking
      • Total spaces: 2
      • Parking features: Garage - Attached
      • Attached garage spaces: 2
      Features
      • Levels: Two
      • Stories: 2
      • Entry location: Foyer
      • Pool features: None
      • Has view: Yes
      • View description: Mountain(s)
      Lot
      • Size: 1.37 Acres
      • Features: 0-1 Unit/Acre
      Details
      • Parcel number: 1024402200
      • Zoning: Ag
      • Special conditions: Standard
      • Horse amenities: Riding Trail

      Construction

      Type & style
      • Home type: SingleFamily
      • Property subtype: Single Family Residence
      Condition
      • New construction: No
      • Year built: 1979

      Utilities & green energy

      • Sewer: Septic Tank

      Community & HOA

      Community
      • Features: Dog Park, Foothills, Fishing, Golf, Hiking, Horse Trails, Lake, Preserve/Public Land, Rural, Ravine, Valley, Water Sports
      HOA
      • Has HOA: Yes
      • Amenities included: Maintenance Grounds, Other
      • HOA fee: $360 annually
      • HOA name: Edgewater Estates
      • HOA phone: 760-518-7809
      Location
      • Region: Fallbrook

      Financial & listing details

      • Price per square foot: $491/sqft
      • Tax assessed value: $588,895
      • Annual tax amount: $6,359
      • Date on market: 8/12/2026
      • Listing terms: Cash,Conventional,FHA,VA Loan

        Estimated market value

        $1,040,900

        $989,000 - $1.09M

        $4,403/mo

        Price history

        DateEventPrice
        8/12/2026Listed for sale$1,070,000+140.4%$491/sqft
        Source: CRMLS #NDP2607568 Report a problem
        6/12/2015Sold$445,000-31.5%$204/sqft
        Source: Public Record Report a problem
        5/12/2005Sold$650,000$298/sqft
        Source: Public Record Report a problem

        Public tax history

        YearProperty taxesTax assessment
        2025$6,359 +2.4%$588,895 +2%
        2024$6,209 +3%$577,349 +2%
        2023$6,030 0%$566,030 +2%
        2022$6,033 +3.5%$554,932 +2%
        2021$5,830 -0.8%$544,052 +1%
        2020$5,876 +3%$538,475 +2%
        2019$5,707 +0.6%$527,918 +2%
        2018$5,672 +2%$517,568 +2%
        2017$5,561 +2.6%$507,421 +2%
        2016$5,422 -6.9%$497,472 -7%
        2015$5,822 +2.8%$535,000 +2.9%
        2014$5,663 $520,000 +16.6%
        2013-- $446,000 -9%
        2012-- $490,000
        2011-- $490,000 -1.2%
        2010-- $496,000
        2009-- $496,000 -20%
        2008-- $620,000 -8.3%
        2007-- $676,260 +2%
        2006-- $663,000 +182.1%
        2005-- $235,000 +2%
        2004-- $230,393 +1.9%
        2003-- $226,171 +2%
        2002-- $221,737 +2%
        2001-- $217,390
        Find assessor info on the county website

        Monthly payment

        Est. payment

        Payment breakdown

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        All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
        HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
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        Climate risks

        Neighborhood: 92028

        Getting around

        9 / 100
        Car-Dependent

        Nearby schools

        GreatSchools rating

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