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For sale
  • $3,600,000

    7051 Mount Olympus Dr, Fallbrook, CA 92028

    6beds
    5,891sqft
    : 
    Single Family Residence
    Built in 2004
    52 Acres Lot
    $3,554,100 Zestimate®
    $611/sqft
    $-- HOA

    What's special

    Full-size racquetball courtPickleball courtPanoramic viewsChef-caliber kitchenFlower-growing areaApproximately two-acre stocked lakeQuality finishes throughout
    Welcome to Casa Lago, a rare private lakefront estate spanning 51+ acres across two legal parcels in one of Fallbrook’s most scenic settings. The main parcel encompasses approximately 19 acres and features a 5,891 sq. ft. single-level lodge-style residence with 6 bedrooms and 4.5 bathrooms, designed to capture sweeping mountain and lake views. The approximately two-acre stocked lake—expanded and fully lined with over $200,000 in improvements—serves as a striking centerpiece. Inside, the home offers a grand great room with soaring beamed ceilings and walls of glass, a chef-caliber kitchen, formal dining, and quality finishes throughout. The primary suite includes a fireplace and tranquil views, while en-suite guest rooms provide comfort and privacy. Wrap-around verandas and a resort-style pool and spa create seamless indoor-outdoor living. The grounds include a detached recreation building with a full-size racquetball court, pickleball court, shuffleboard, pool table, and game lounge. Additional features include leased solar, a flower-growing area, private go-kart track with hangar, and space suitable for equestrian use. The second parcel consists of approximately 32 acres with underground utilities and panoramic views, offering potential for a variety of uses, subject to buyer verification. Conveniently located approximately six miles to I-15, providing access to San Diego, Los Angeles and multiple regional airports. Casa Lago presents a rare opportunity to own a private lakefront estate in San Diego County.
    7 days
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    1,060
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    106
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    Zillow last checked:

    Listing updated:

    Listed by:

    Richard E Gutierrez DRE #01114175 619-572-3398,

    Keller Williams Realty,

    Michael Barrow DRE #01419213 619-772-1574,

    Keller Williams Realty

    Source: SDMLS,MLS#: 260009302MLS LogoOriginating MLS: San Diego Association of REALTOR

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      Facts & features

      Interior

      Bedrooms & bathrooms
      • Bedrooms: 6
      • Bathrooms: 5
      • Full bathrooms: 4
      • 1/2 bathrooms: 1
      Heating
      • Zoned Areas, Fireplace, Forced Air Unit
      Cooling
      • Central Forced Air
      Appliances
      • Included: Dishwasher, Disposal, Dryer, Fire Sprinklers, Microwave, Pool/Spa/Equipment, Satellite Dish, Washer, Built In Range, Barbecue, Gas Cooking
      • Laundry: Electric, Propane
      Features
      • Number of fireplaces: 3
      • Fireplace features: FP in Family Room, Patio/Outdoors, Primary Retreat
      • Common walls with other units/homes: Detached
      Interior area
      • Total structure area: 5,891
      • Total interior livable area: 5,891 sqft

      Property

      Parking
      • Total spaces: 10
      • Parking features: None Known
      Features
      • Levels: 1 Story
      • Patio & porch: Covered
      • Pool features: Below Ground, Heated
      • Spa features: Private Below Ground, Private w/Pool
      • Fencing: N/K
      • Has view: Yes
      • View description: Lake/River, Mountains/Hills
      • Has water view: Yes
      • Water view: Lake/River
      • Frontage type: Lake/River
      Lot
      • Size: 52 Acres
      Details
      • Additional structures: Storage Building
      • Parcel number: 1094112200

      Construction

      Type & style
      • Home type: SingleFamily
      • Property subtype: Single Family Residence
      Materials
      • Stucco
      • Roof: Concrete,Tile
      Condition
      • Year built: 2004

      Utilities & green energy

      • Sewer: Septic Installed
      • Water: Meter on Property, Well on Property, Well/Irrigation Only

      Community & HOA

      Community
      • Subdivision: FALLBROOK
      Location
      • Region: Fallbrook

      Financial & listing details

      • Price per square foot: $611/sqft
      • Tax assessed value: $1,629,775
      • Annual tax amount: $17,855
      • Date on market: 4/18/2026
      • Listing terms: Cash,Conventional
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        Estimated market value

        $3,554,100

        $3.38M - $3.73M

        $6,573/mo

        Price history

        DateEventPrice
        4/19/2026Listed for sale$3,600,000+171.7%$611/sqft
        Source: SDMLS #260009302 Report a problem
        1/8/2017Sold$1,325,000-3.6%$225/sqft
        Source: Public Record Report a problem
        9/21/2016Price change$1,375,000-11.2%$233/sqft
        Source: Pacific Sotheby's International Realty #160005274 Report a problem
        6/16/2016Price change$1,549,000-8.8%$263/sqft
        Source: Pacific Sotheby's International Realty #160005274 Report a problem
        5/14/2016Price change$1,699,000-1.5%$288/sqft
        Source: Pacific Sotheby's International Realty #160005274 Report a problem
        4/19/2016Price change$1,724,000-1.4%$293/sqft
        Source: Pacific Sotheby's International Realty #160005274 Report a problem
        4/4/2016Price change$1,749,000-1.4%$297/sqft
        Source: Pacific Sotheby's International Realty #160005274 Report a problem
        3/22/2016Price change$1,774,000-1.4%$301/sqft
        Source: Pacific Sotheby's International Realty #160005274 Report a problem
        2/22/2016Price change$1,799,000-1.3%$305/sqft
        Source: Pacific Sotheby's International Realty #160005274 Report a problem
        1/24/2016Listed for sale$1,823,000-1.4%$309/sqft
        Source: Pacific Sotheby's International Realty Report a problem
        11/21/2015Listing removed$1,849,000$314/sqft
        Source: Rocket Realty #150047085 Report a problem
        9/16/2015Price change$1,849,000-16.9%$314/sqft
        Source: Rocket Realty #150047085 Report a problem
        4/25/2015Listed for sale$2,225,000+102.3%$378/sqft
        Source: PFRE Tour Report a problem
        1/24/2014Sold$1,100,000-8.3%$187/sqft
        Source: Public Record Report a problem
        12/5/2013Pending sale$1,200,000$204/sqft
        Source: Community Real Estate #SW13234716 Report a problem
        11/22/2013Listed for sale$1,200,000+114.7%$204/sqft
        Source: Community Real Estate #SW13234716 Report a problem
        2/26/2003Sold$559,000$95/sqft
        Source: Public Record Report a problem

        Public tax history

        YearProperty taxesTax assessment
        2025$17,855 +0.5%$1,629,775 +2%
        2024$17,769 +2.3%$1,597,820 +2%
        2023$17,369 +1%$1,566,492 +2%
        2022$17,192 +2.5%$1,535,778 +2%
        2021$16,770 +5.5%$1,505,666 +7.1%
        2020$15,891 +7%$1,406,100 +2%
        2019$14,858 -1.9%$1,378,530 +2%
        2018$15,142 +16.3%$1,351,500 +16.3%
        2017$13,019 +2%$1,161,868 +2%
        2016$12,758 +1.5%$1,139,087 +1.5%
        2015$12,567 +10.1%$1,121,978 +10.4%
        2014$11,413 $1,016,679 +60.1%
        2013-- $635,000
        2012-- $635,000 -15.3%
        2011-- $750,000
        2010-- $750,000
        2009-- $750,000 -21%
        2008-- $948,835

        Find assessor info on the county website

        Monthly payment

        Est. payment
        $21,348/mo
        Principal & interest
        $17838
        Property taxes
        $3510
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          Neighborhood: 92028

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