2163 Gracey Lane
Fallbrook, CA, 92028 $ 742,000
Bedrooms2 Baths1.0 Sq 896 Monthly Estimate*
$ 4,629
for $742,000 with 2 bedrooms and 1 full bath. This 896 square foot home was built in 1946 on a lot size of 1.15999.
Rare Legacy Property in Fallbrook First Time Offered in 73 Years Step into the heart of Fallbrooks coastal country living with this rare 1.16-acre homestead, filled with charm, history, and endless possibilities. For the first time in over seven decades, this beloved family property is available to the public. The 2-bedroom, 1-bath farmhouse is full of character, featuring original hardwood floors, built-in wardrobes, a wood-burning fireplace, and a sunlit mudroom with a built-in breakfast nookperfect for soaking in peaceful south-facing views and ocean breezes with your morning coffee. Thoughtful updates include a remodeled kitchen, energy-efficient windows, ductless mini-split A/C, and all-electric appliancesproviding a solid foundation for your vision and future enhancements, such as solar power. Outside, the property embraces a slower, more sustainable lifestyle: hang laundry on the line, tend your own food forest, gather fresh eggs, or watch horses graze at sunset. Fencing, corrals, and extra materials are already in place to adapt for animals. Mature fruit treessapote, cherimoya, and macadamiadot the landscape. A detached 2-car garage has been converted into an apartment, offering flexibility for guest space, rental income, or restoration back to its original use. Whether you dream of a homestead, hobby farm, or simply a peaceful retreat, this one-of-a-kind property offers timeless character, modern comforts, and a story ready for its next chapter.
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FeaturesGeneralZoning R-1:Single
HOA Fee 0.0
Garage Spaces 0.0
Pool Features N/K
Year Built 1946
View Mountains/Hills Panoramic Other/Remarks
Stories Count 1
Levels 1 Story
Property Subtype Detached
County San Diego
New Construction N
Property Type Residential
HOA N
Attached Garage N
Full Baths 1
Status ACTIVE
Directions Turn East onto Gracey Ln from Winterwarm Dr. Property is on right hand side of road.
City Fallbrook
Senior Community Y/N N
High School District Fallbrook Union High School Dist
Lot Size Units Acres
Lot Size Square Feet 50529.0
Property Attached Y/N N
Building Area Units Sqft
Living Area Units Sqft
Standard Status Active
Middle/Junior School District Fallbrook Union Elementary Distr
Elementary School District Fallbrook Union Elementary Distr
Year Built Source Assessor
Freehold IDX
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ExteriorTotal Parking 0.0
Lot Size Area 1.16
Building Area Total 896.0
Waterfront Y/N N
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InteriorFireplace Features FP in Living Room
Total Stories 1
Common Walls No Common Walls
Air Conditioning Y/N N
Heating Y/N N
Fireplace Y/N N
Half Baths 0
Laundry Features Washer Hookup
Total Bedrooms 2
Entry Level 1
Total Baths 1
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* Excluded FeaturesList ByRebecca MongeListing Agent
Affordability Calculator
- Monthly Principal & Interest
- $4,629
- Monthly Property Taxes
- --
- Monthly Home Insurance
- --
Default based on a 30-year fixed rate of 6.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
Learn more about how to save NearbySingle family listings in Fallbrook, CA
Average List Price $1,111,962
Percent of Sale Price 50%
About Fallbrook, CA 33,184 Population
14% Since 2002
$ 57,009 Median Income
35.56 Median Age
31% Households with Children
Trends Information provided by ATTOM Data Solutions.
5192088 Elementary School
5192066 Middle School
Unknown High School High School
Pricing History| Date | Price | Price Change | Description |
|---|
| 11/23/2025 | $742,000 | -1.07% | Price Down |
| 10/30/2025 | $750,000 | -2.60% | Price Down |
| 8/22/2025 | $770,000 | | Listed Price |