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.
For sale
$3,600,000
7051 Mount Olympus Dr, Fallbrook, CA 92028
6beds
5,891sqft
Est.:
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
- 7 days |
- 1,060 |
- 106 |
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#: 260009302
Originating MLS: San Diego Association of REALTOR
Tour with a local agent
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
Estimated market value
$3,554,100
$3.38M - $3.73M
$6,573/mo
Price history
| Date | Event | Price |
|---|---|---|
| 4/19/2026 | Listed for sale | $3,600,000+171.7%$611/sqft |
Source: | ||
| 1/8/2017 | Sold | $1,325,000-3.6%$225/sqft |
Source: Public Record Report a problem | ||
| 9/21/2016 | Price change | $1,375,000-11.2%$233/sqft |
Source: Pacific Sotheby's International Realty #160005274 Report a problem | ||
| 6/16/2016 | Price change | $1,549,000-8.8%$263/sqft |
Source: Pacific Sotheby's International Realty #160005274 Report a problem | ||
| 5/14/2016 | Price change | $1,699,000-1.5%$288/sqft |
Source: Pacific Sotheby's International Realty #160005274 Report a problem | ||
| 4/19/2016 | Price change | $1,724,000-1.4%$293/sqft |
Source: Pacific Sotheby's International Realty #160005274 Report a problem | ||
| 4/4/2016 | Price change | $1,749,000-1.4%$297/sqft |
Source: Pacific Sotheby's International Realty #160005274 Report a problem | ||
| 3/22/2016 | Price change | $1,774,000-1.4%$301/sqft |
Source: Pacific Sotheby's International Realty #160005274 Report a problem | ||
| 2/22/2016 | Price change | $1,799,000-1.3%$305/sqft |
Source: Pacific Sotheby's International Realty #160005274 Report a problem | ||
| 1/24/2016 | Listed for sale | $1,823,000-1.4%$309/sqft |
Source: Pacific Sotheby's International Realty Report a problem | ||
| 11/21/2015 | Listing removed | $1,849,000$314/sqft |
Source: Rocket Realty #150047085 Report a problem | ||
| 9/16/2015 | Price change | $1,849,000-16.9%$314/sqft |
Source: Rocket Realty #150047085 Report a problem | ||
| 4/25/2015 | Listed for sale | $2,225,000+102.3%$378/sqft |
Source: PFRE Tour Report a problem | ||
| 1/24/2014 | Sold | $1,100,000-8.3%$187/sqft |
Source: Public Record Report a problem | ||
| 12/5/2013 | Pending sale | $1,200,000$204/sqft |
Source: Community Real Estate #SW13234716 Report a problem | ||
| 11/22/2013 | Listed for sale | $1,200,000+114.7%$204/sqft |
Source: Community Real Estate #SW13234716 Report a problem | ||
| 2/26/2003 | Sold | $559,000$95/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax 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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Climate risks
Neighborhood: 92028
Getting around
0 / 100
Car-DependentNearby schools
GreatSchools rating
- 6/10Vallecitos Elementary SchoolGrades: K-8Distance: 2.3 mi
- 6/10Fallbrook High SchoolGrades: 9-12Distance: 8.9 mi
A local agent can set up tours, give advice and negotiate with sellers.
Local buyer's agents are ready to help
- California
- San Diego County
- Fallbrook
- 92028
- 7051 Mount Olympus Dr





