5221 Olive Hill Rd Fallbrook, CA 92028
Property details
About 5221 Olive Hill Rd
Very rare once-in-a-lifetime opportunity to own three detached houses on a large 4.5 acre lot in the prestigious Miles Ranch community of Morro Hills, Fallbrook. This amazing property offers a main house with 3 bedrooms and 2 bathrooms spanning 2300 square feet of living space. Additionally, there are two guest houses/ADUs perfect for multi-generational living or as investment properties. The first guest house features 3 bedrooms and 1 bathroom with 900 square feet, while the second guest house offers 1 bedroom and 1 bathroom with 400 square feet. Situated in a small, gated community with only 12 residences, this property boasts mostly fully fenced and cross-fenced 4.5 acres, ideal for a variety of uses. Each house has its own fenced yard, perfect for pets, and there is a 2-acre gentle slope area suitable for horses. The main house includes a circular driveway, and a spacious 700 square foot great room with breathtaking views and numerous upgrades such as a newer roof, double-pane windows, wood floors, window blinds, and updated electrical features and large storage shed. The 3/1 Guest House has a private driveway and is all electric and has newer windows, wood flooring, stackable washer & dryer, and updated electrical features and storage shed. The 1/1 guest house also has a private driveway and comes with a detached art studio/storage room and storage shed, and has a newer refrigerator, range and washer and dryer. The community has a $600/year road and gate maintenance fee, and no HOA and low property taxes. Select furniture is included. This property is truly a rare find and is located in the coveted Bonsall school district and a short drive to the 76 Freeway and shopping and restaurants and only 10 miles to Oceanside Harbor. Welcome Home!
Highlights
Summary
- MLS Number: NDP2409383
- MLS Name: CRMLS
- Office Name: RE/MAX Connections
- Office Email: genewilson2000@yahoo.com
- Listing Agent: Eugene Wilson
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: 3/15/2025, 2:20:52 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
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$1,820,000
5221 Olive Hill Rd
$10,000
closing credit¹
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Seller rebate
0.5% sale price²
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. Typical income of Fallbrook, CA residents is between $100k-200k annually. The majority of 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
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 October 22, 2024 and is currently priced at $1,820,000.
Over 7 listings were sold over their listed price in February 2025 in Fallbrook, CA. In the same period over 15 listings were sold below the listed price and 9 listings were sold for the listed price. The inventory of homes for sale in Fallbrook, CA between January and February 2025 increased by 4.6%. The median list price of listings available in February 2025 was $871,285, while the average time on the real estate market was 46 days.