5221 Olive Hill Rd Fallbrook, CA 92028
Property details
About 5221 Olive Hill Rd
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.
Highlights
Virtual tour
Summary
- Full Bathrooms: 4
- Appliances: Convection Oven, Double Oven, Dishwasher, Electric Cooktop, Electric Oven, Electric Range, Disposal, Microwave, Refrigerator, Range Hood, Self Cleaning Oven, Vented Exhaust Fan, Dryer, Washer
- Flooring Type: Wood
- Interior: 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)
- Fireplace: Great Room, Guest Accommodations
- Total Bedroom Count: 7
- Garage Space: 2 spaces
- Attached Garage: Yes
- Private Pool: No
- Parking: Circular Driveway, Driveway
- View: Canyon, Hills, Meadow, Mountain(s), Neighborhood, Panoramic
- Heating: Central, Propane
- Cooling: Central Air
- List Price: $1,649,000
- Price/SqFt: $458
- HOA Amount: $0
- Annual Tax Amount: $6,774
- Tax Year: 2024
- Lot: Gentle Sloping
- Directions: gate is on Olive Hill & Miles Ranch Rd
- Year Built: 1977
- Stories: 1
- Living Area: 3,600 SqFt
- Lot Size: 4.48 Acres
- MLS Number: NDP2504685
- MLS Name: CRMLS
- Office Name: Real Broker
- Office Phone: (858) 361-2099
- Listing Agent: Sam Miskowicz
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.
The information being provided by California Regional Multiple Listing Service, Inc. (“CRMLS”) is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Any information relating to a property referenced on this web site comes from CRMLS. Properties may or may not be listed by the office/agent presenting the information. Real estate listings held by brokerage firms other than this broker are marked with the Internet Data Exchange logo and detailed information about them includes the names of the listing brokers and listing agents. MLS search engine provided by IHR Technology Services. This data is updated every 2 hours. Some properties appearing for sale on this display may subsequently have sold and may no longer be available.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 7/13/2025, 3:45:31 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Price information
Property sales
| Date | Event | Price |
|---|---|---|
| Apr 28, 2000 | Home Sold | $425,000 |
Tax history
| Year | Assessment | Property Tax |
|---|---|---|
| 2024 | $640,387 | $6,774 |
| 2023 | $627,831 | $6,626 |
| 2022 | $615,522 | $6,514 |
| 2021 | $603,454 | $6,399 |
| 2020 | $597,268 | $6,422 |
| 2019 | $585,558 | $6,260 |
| 2018 | $574,078 | $6,260 |
| 2017 | $562,823 | $6,138 |
History based on county public records data.
Nearby schools
5
Bonsall Elementary School
Public District KG-5
1.6 mi
•31555 Old River Rd
7
Mission Meadows Elementary School
Public District PK-5
3.5 mi
•5657 Spur Ave
8
Bonsall West Elementary School
Public District KG-6
3.6 mi
•5050 El Mirlo Dr
School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.
Neighborhood
The neighbors living near this home have an average income of $124,008. The majority of Fallbrook, CA residents have income between $100k-200k annually. Most families are married, no kids. Residents of this area typically have post secondary degree education.
How much money do the neighbors make?
What level of education do the neighbors have?
What types of families live nearby?
Are the neighbors home owners or renters?
How old are people in this area?
What do the neighbors do for fun?
Skiing/snowboarding
PGA/LPGA
Extreme Sports
Where do the neighbors shop?
BJs Wholesale Club
Stein Mart
Academy Sports & Outdoors
Where do the neighbors go to eat?
Panera
Cracker Barrel
Bob Evans
What do the neighbors drive?
Infiniti
Lexus
Lincoln
What do the neighbors listen to?
Adult Hits
Oldies
News/Talk/Information
Frequently asked questions
About 5221 Olive Hill Rd
The listing price of 5221 Olive Hill Rd property is $1,649,000.
The property 5221 Olive Hill Rd is a house located in Fallbrook, California, 92028.
Active Listing: 5221 Olive Hill Rd is For Sale (Active/New) which means the seller is accepting offers.
The nearby schools for 5221 Olive Hill Rd are: Bonsall Elementary School (GreatSchools Rating 5/10), Mission Meadows Elementary School (GreatSchools Rating 7/10), Bonsall West Elementary School (GreatSchools Rating 8/10), Norman L. Sullivan Middle School (GreatSchools Rating 6/10), Mary Fay Pendleton Elementary (GreatSchools Rating 8/10), Roosevelt Middle School (GreatSchools Rating 3/10), Mission Vista High School (GreatSchools Rating 10/10), Ivy High (Continuation) (GreatSchools Rating 3/10), Fallbrook High School (GreatSchools Rating 6/10).
According to the records, the last property tax for 2024 is $6,774 (source: MLS/based on county public records data).
The last sale was on April 28, 2000 for $425,000 (source: MLS/tax record).
The property at 5221 Olive Hill Rd has 7 bedrooms and 4 bathrooms.
The property 5221 Olive Hill Rd is 3,600 SqFt (source: MLS/tax record).
The year of construction for 5221 Olive Hill Rd is 1977.
This home is located at 5221 Olive Hill Rd in Fallbrook, CA and zip code 92028. This 3,600 square foot home, which was built in 1977, sits on a 4.48 acre lot. Features: 7 bedrooms, 4 bathrooms. It has been listed on Rocket Homes since May 13, 2025 and is currently priced at $1,649,000.
While more than 10 listings in Fallbrook, CA in June 2025 were sold above asking price, there were more than 11 listings sold at asking price, and more than 16 were sold below. The inventory of homes for sale in Fallbrook, CA between May and June 2025 increased by 1.2%. While the average time on the market in June 2025 was 30 days, the median list price was $849,950.