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$399,000
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Property Description
Welcome to a rare opportunity to build your dream home in beautiful Fallbrook. Situated on approximately 2.5 acres, this vacant homesite is one of the few remaining open parcels within an established neighborhood of beautiful custom homes. With stunning panoramic views, a peaceful setting, and mature surroundings already in place, this is a special opportunity to create something uniquely your own.
The property features an existing building pad along with mature citrus trees that add charm and character to the land. A70 Limited Agricultural zoning offers flexibility for a variety of residential and agricultural possibilities, including a custom or manufactured home, ADU, expanded orchard, gardens, and other agricultural uses, subject to County approval. Imagine designing a home that embraces the views, generous outdoor living spaces, gardens, and the relaxed Southern California lifestyle. Located just minutes from downtown Fallbrook, the property offers a wonderful balance of privacy and convenience with easy access to the 15 freeway, local restaurants, shops, wineries, and surrounding communities.
Opportunities to build within an already established neighborhood like this are increasingly hard to find. If you haven't found the perfect home, perhaps it's time to build it. Bring your vision and create something truly special at 1645 Santa Margarita Drive.
Full Property Details
Full Property Details for 1645 Santa Margarita
General
- Price: $399,000
- Status: Active
- Type: Lots/Land
- Source: MRMLS
- MLS ID: NP26186675
- Updated: 8/30/2026
- Days on Market: 47 days
- Added to Site: 47 day(s) ago
Location
- Area: 92028 - Fallbrook
- County: San Diego
- Development Name: 92028 - Fallbrook
- Subdivision: Fallbrook
- Driving Directions: Santa Margarita & E. Mission Rd
- Dist. to Beach: Fallbrook (Miles)
Utilities
- Water: Public
- Dist. to Water: Fallbrook
Lot Features
- Property View: Mountain(s), Hills
- Lot Size (Acres): 2.51
- Lot Size (Sq. Ft.): 109,336
- Lot Size Source: Assessor
- Zoning: A70
- Lot Description: Rural, Biking, Foothills
- Fencing (Description): Block, Stone
Financial Considerations
- Price Per Sq. Ft.: $3.65
Listed by Compass, Jaime Weber and Compass, Kristi Cousens
Get Pre-Approved Today
Schools
Schools serving 1645 Santa Margarita
| Name | Grades | Distance |
|---|---|---|
Fallbrook Street Elementary School 405 West Fallbrook Street, Fallbrook, CA 92028 | K-6 | 1.8 mi |
James E. Potter Intermediate School 1743 Reche Road, Fallbrook, CA 92028 | 7-8 | 2.6 mi |
Fallbrook High School 2400 South Stage Coach Lane, Fallbrook, CA 92028 | 9-12 | 3.6 mi |
Disclaimer:
School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 1645 Santa Margarita
Date
Details
Price
Change
Source
8/29/2026
Listed
$399,000
45.09%
MLS
1/29/1991
Sold
$275,000
—
Public Record
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Tax History
Tax History for 1645 Santa Margarita
Year
Property Taxes
Change
Tax Assessment
Change
2025
$2,954
—
$275,950
2%
2025
$2,954
4%
$270,540
4%
2023
$2,828
—
$260,036
2%
2022
$2,830
3%
$254,938
2%
2021
$2,736
-1%
$249,940
1%
2020
$2,758
2%
$247,378
2%
2019
$2,704
2%
$242,528
2%
2018
$2,664
2%
$237,773
2%
2017
$2,613
2%
$233,111
2%
2016
$2,550
2%
$228,541
2%
2015
$2,511
2%
$225,109
2%
2014
$2,464
1%
$220,700
—
2013
$2,438
—
$219,703
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 1645 Santa Margarita
1645 Santa Margarita, Fallbrook, CA 92028 (MLS# NP26186675) is a Lots/Land property with a lot size of 2.5100 acres. 1645 Santa Margarita is currently listed for $399,000 and was received on August 29, 2026. Want to learn more about 1645 Santa Margarita? Do you have questions about finding other Lots/Land real estate for sale in Fallbrook? You can browse all Fallbrook real estate or contact a Coldwell Banker agent to request more information.

