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$1,470,325
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Property Description
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.
Full Property Details
Full Property Details for 5221 Olive Hill Rd
General
- Sold For: $1,470,325
- Status: Closed
- Type: Single Family
- Source: MRMLS
- MLS ID: NDP2504685
- Added to Site: 249 day(s) ago
Interior
- Rooms/Areas: All Bedrooms Down, Great Room, Kitchen, Laundry, Main Floor Bedroom, Main Floor Primary Bedroom, Primary Bathroom, Primary Bedroom, Walk-In Closet, Walk-In Pantry
- Interior Features: Ceiling Fan(s), Crown Molding, High Ceilings, Pantry, Storage, Wired for Data
- Fireplace: Yes
- Fireplace(s): Great Room, Guesthouse
- Appliances: Convection Oven, Dishwasher, Double Oven, Electric Oven, Electric Range, Electric Cooktop, Disposal, Instant Hot Water, Microwave, Range Hood, Refrigerator, Self Cleaning Oven, Vented Exhaust Fan
- Flooring: Wood
Rooms
Bathrooms
- Total Bathrooms: 4
- Full Bathrooms: 4
Bedrooms
- Total Bedrooms: 7
Other Rooms
- Laundry: Dryer Included, Individual Room, Washer Included
Additional Information
- Pool Description: None
Parking
- Garage: Yes
- Garage Spaces: 2
- Parking: Circular Driveway, Driveway
Location
- County: San Diego
- Driving Directions: gate is on Olive Hill & Miles Ranch Rd
School Information
- School District: Fallbrook Union
Community
- Community Features: Foothills, Stable(s), Biking
Heating & Cooling
- Cooling Type: Central Air
- Heating Type: Central, Propane
Utilities
- Sewer: Conventional Septic
Structural Information
- Structure Type: Single Family Residence
- Common Walls: No Common Walls
- Windows: Blinds, Double-Pane Windows, ENERGY STAR Qualified Windows
- Entry Location: door/garage
- Stories/Levels: One
- Stories Description: One
- Square Feet: 3,600
- Year Built: 1977
- Year Built Source: Assessor
Additional Structures
- Other Structures: Guesthouse, Shed(s)
Lot Features
- Property View: Canyon, Hills, Meadow, Mountain(s), Neighborhood, Panoramic
- Lot Size (Acres): 4.48
- Lot Size Source: Assessor
- Zoning: R-1:SINGLE FAM-RES
- Lot Description: Gentle Sloping, Lot Over 40000 Sqft
Financial Considerations
- Price Per Sq. Ft.: $458.06
Disclosures and Reports
- Special Conditions: Standard
Listed by Real Broker, Sam Miskowicz
Sold by Estate Properties, Alex Eychis
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Schools
Schools serving 5221 Olive Hill Rd
School District:Bonsall Unified School District
| Name | Grades | Distance |
|---|---|---|
Bonsall Elementary School 31555 Old River Road, Bonsall, CA 92003 | K-5 | 1.5 mi |
Norman L. Sullivan Middle School 7350 West Lilac Road, Bonsall, CA 92003 | 6-8 | 3.9 mi |
Bonsall High 7350 West Lilac Road, Bonsall, CA 92003 | 9-12 | 3.9 mi |
Disclaimer:
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 5221 Olive Hill Rd
Date
Details
Price
Change
Source
10/08/2025
Sold
$1,470,325
-10.84%
MLS
5/15/2025
Listed
$1,649,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
5221 Olive Hill Road, Fallbrook, CA 92028 (MLS# NDP2504685) is a Single Family property that was sold at $1,470,325 on October 08, 2025. Want to learn more about 5221 Olive Hill Road? Do you have questions about finding other Single Family real estate for sale in Fallbrook? You can browse all Fallbrook real estate or contact a Coldwell Banker agent to request more information.

