Earn around $50,000 of annual rental income with not one but two ADU's. Welcome to 5221 Olive Hill Road and some of the best views in Fallbrook. This remarkable multi-use property nestled in the scenic hills of South Fallbrook sits on over 4 sprawling acres and offers an incredible blend of residential comfort, income opportunities and versatile outdoor space, all framed with breathtaking panoramic views. The 3 detached homes that come with this purchase are located in a gated community featuring only 12 homes. The heart of the property is a beautifully maintained 3 bedroom, 2 bathroom single story home which perfectly captures the tranquility and natural beauty of Fallbrook. Expansive windows and sliding glass doors flood the interior with natural light while offering sweeping views of the surrounding hills and countryside. The views are truly unforgettable. Enhancing the properties appeal are two fully detached ADU's both of which have their own private driveway and fully fenced exterior spaces. The 3 bedroom 1 bath ADU is ideal for extended family, guests or as a rental, whilst the cozy 1 bedroom 1 bathroom provides even further flexibility and could also be used as an additional rental property and comes with a detached studio that can be used as an office, artist loft or for extra storage space. 2 acres of the exterior space sits on a gentle sloping terrain, making it an ideal space for horses, a vineyard, gardening or the ultimate backyard playground. Enjoy country living at its finest with this unique and versatile multi family compound.
Sold for $1,470,325
Listed by: Real Broker • Sam Miskowicz • Contact: 858-361-2099
Bought with: Estate Properties
$1,470,325
5221 Olive Hill Rd, Fallbrook, CA 92028
7beds
3,600sqft
Single Family Residence
Built in 1977
4.48 Acres Lot
$1,482,700 Zestimate®
$408/sqft
$5,775 Estimated rent
Home value
$1,482,700
$1.36M - $1.62M
$5,775/mo
Zestimate® history
Owner options
List your home for rent
$5,775/mo
Rent Zestimate®
Find your next renter with Zillow Rental Manager. Plus, with online applications, you can quickly screen prospective tenants – for free.
$5,775/mo
Rent Zestimate®
Refinance and save
$9,330/mo
Est. payment
Refinancing to a lower rate could help reduce your monthly payments and save thousands over the life of the loan.
$9,330/mo
Est. payment
Explore your selling options
Work with a Zillow partner agent
Leverage their expertise and Zillow's premium Showcase listings to get your home seen by more buyers.
Get startedList with your own agent
Get your home in front of millions of buyers by listing it on Zillow.
Learn how to do itSell it yourself
Take full control of how buyers see your home on Zillow by listing For Sale by Owner (FSBO).
List your homeWhat's special
Sweeping viewsSprawling acresExpansive windowsGentle sloping terrainBreathtaking panoramic viewsBest views in fallbrookFully fenced exterior spaces
Zillow last checked:
Listing updated:
Listed by:
Sam Miskowicz DRE #02082087 858-361-2099,
Real Broker
Bought with:
Alex Eychis, DRE #01875191
Estate Properties
Source: CRMLS,MLS#: NDP2504685
Originating MLS: California Regional MLS (North San Diego County & Pacific Southwest AORs)
Originating MLS: California Regional MLS (North San Diego County & Pacific Southwest AORs)Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 7
- Bathrooms: 4
- Full bathrooms: 4
Rooms
- Room types: Bedroom, Great Room, Kitchen, Laundry, Primary Bathroom, Primary Bedroom, Other, Pantry
Primary bedroom
- Features: Main Level Primary
Bedroom
- Features: All Bedrooms Down
Bedroom
- Features: Bedroom on Main Level
Bathroom
- Features: Bathroom Exhaust Fan, Bathtub, Dual Sinks, Tub Shower
Kitchen
- Features: Butler's Pantry, Pots & Pan Drawers, Self-closing Drawers
Other
- Features: Walk-In Closet(s)
Pantry
- Features: Walk-In Pantry
Heating
- Central, Propane
Cooling
- Central Air
Appliances
- Included: Convection Oven, Double Oven, Dishwasher, Electric Cooktop, Electric Oven, Electric Range, Disposal, Microwave, Refrigerator, Range Hood, Self Cleaning Oven, Vented Exhaust Fan, Dryer, Washer
- Laundry: Laundry Room
Features
- Ceiling Fan(s), Crown Molding, High Ceilings, Pantry, Storage, Wired for Data, All Bedrooms Down, Bedroom on Main Level, Instant Hot Water, Main Level Primary, Walk-In Pantry, Walk-In Closet(s)
- Flooring: Wood
- Windows: Blinds, Double Pane Windows, ENERGY STAR Qualified Windows
- Has fireplace: Yes
- Fireplace features: Great Room, Guest Accommodations
- Common walls with other units/homes: No Common Walls
Interior area
- Total interior livable area: 3,600 sqft
Property
Parking
- Total spaces: 2
- Parking features: Circular Driveway, Driveway
- Attached garage spaces: 2
Features
- Levels: One
- Stories: 1
- Entry location: door/garage
- Pool features: None
- Has view: Yes
- View description: Canyon, Hills, Meadow, Mountain(s), Neighborhood, Panoramic
Lot
- Size: 4.48 Acres
- Features: Gentle Sloping, Lot Over 40000 Sqft
Details
- Additional structures: Guest House, Shed(s)
- Parcel number: 1260101600
- Zoning: R-1:SINGLE FAM-RES
- Special conditions: Standard
Construction
Type & style
- Home type: SingleFamily
- Property subtype: Single Family Residence
Condition
- Year built: 1977
Utilities & green energy
- Sewer: Septic Tank
Community & HOA
Community
- Features: Biking, Foothills, Stable(s), Gated
- Security: Fire Sprinkler System, Security Gate, Gated Community, Key Card Entry, Security Lights
Location
- Region: Fallbrook
Financial & listing details
- Price per square foot: $408/sqft
- Tax assessed value: $653,194
- Annual tax amount: $6,859
- Date on market: 5/15/2025
- Cumulative days on market: 220 days
- Listing terms: Cash,Conventional,FHA,VA Loan
Price history
| Date | Event | Price |
|---|---|---|
| 10/8/2025 | Sold | $1,470,325-10.8%$408/sqft |
Source:  CRMLS #NDP2504685 Report a problem | ||
| 7/25/2025 | Pending sale | $1,649,000$458/sqft |
Source: CRMLS #NDP2504685 Report a problem | ||
| 5/16/2025 | Price change | $1,649,000-9.4%$458/sqft |
Source: CRMLS #NDP2504685 Report a problem | ||
| 3/3/2025 | Price change | $1,820,000-3.6%$506/sqft |
Source: CRMLS #NDP2409383 Report a problem | ||
| 1/5/2025 | Price change | $1,888,000-4.2%$524/sqft |
Source: CRMLS #NDP2409383 Report a problem | ||
| 11/3/2024 | Listed for sale | $1,970,000+363.5%$547/sqft |
Source: CRMLS #NDP2409383 Report a problem | ||
| 7/26/2022 | Listing removed | -- |
Source: Zillow Rental Manager Report a problem | ||
| 7/19/2022 | Listed for rent | $1,650 |
Source: Zillow Rental Manager Report a problem | ||
| 4/28/2000 | Sold | $425,000$118/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $6,859 +1.2% | $653,194 +2% |
| 2024 | $6,774 +2.2% | $640,387 +2% |
| 2023 | $6,627 +1.7% | $627,831 +2% |
| 2022 | $6,514 +1.8% | $615,522 +2% |
| 2021 | $6,400 -0.4% | $603,454 +1% |
| 2020 | $6,422 +5.7% | $597,268 +2% |
| 2019 | $6,075 -3% | $585,558 +2% |
| 2018 | $6,261 +2% | $574,078 +2% |
| 2017 | $6,139 +2.4% | $562,823 +2% |
| 2016 | $5,995 +1.6% | $551,788 +1.5% |
| 2015 | $5,903 +2% | $543,501 +2% |
| 2014 | $5,786 | $532,856 +0.5% |
| 2013 | -- | $530,449 +2% |
| 2012 | -- | $520,049 +2% |
| 2011 | -- | $509,853 +0.8% |
| 2010 | -- | $506,043 -0.2% |
| 2009 | -- | $507,247 +2% |
| 2008 | -- | $497,302 +2% |
| 2007 | -- | $487,552 +2% |
| 2006 | -- | $477,993 +2% |
| 2005 | -- | $468,621 +2% |
| 2004 | -- | $459,433 +1.9% |
| 2003 | -- | $451,013 +2% |
| 2002 | -- | $442,170 +2% |
| 2001 | -- | $433,500 |
Find assessor info on the county website
Neighborhood: 92028
Nearby homes
- $975,0004 bd3 ba2k sqft5251 Olive Hill Rd, Fallbrook, CA 92028Sold
- $1,000,4003 bd2 ba2.1k sqft5297 Olive Hill Rd, Fallbrook, CA 92028Off Market
- $994,5003 bd3 ba2.8k sqft5299 Olive Hill Rd, Fallbrook, CA 92028Sold
- $--165 Acres0 Olive Hill Rd, Bonsall, CA 92003Off Market
- $254,898-- bd-- ba-- sqft5241 Olive Hill Rd, Fallbrook, CA 92028Off Market
- $339,756-- bd-- ba-- sqft5247 Olive Hill Rd, Fallbrook, CA 92028Off Market
- $339,756-- bd-- ba-- sqft5247 Olive Hill Rd, Fallbrook, CA 92028Off Market
- $666,1001 bd2 ba1.1k sqft5228-30 Olive Hill Trl, Bonsall, CA 92003Off Market
Nearby schools
GreatSchools rating
- 8/10Bonsall West Elementary SchoolGrades: K-6Distance: 3.6 mi
- 6/10Norman L. Sullivan Middle SchoolGrades: 6-8Distance: 3.9 mi
- 5/10Bonsall HighGrades: 9-12Distance: 3.9 mi
Get a cash offer in 3 minutes
Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
Estimated market value
$1,482,700
Get a cash offer in 3 minutes
Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
Estimated market value
$1,482,700
- California
- San Diego County
- Fallbrook
- 92028
- 5221 Olive Hill Rd
Nearby cities
Nearby zip codes
Other Fallbrook Topics
