0 Mt Olympus Valley Road
Fallbrook, CA, 92028 $ 419,900
Baths0.0 Monthly Estimate*
$ 2,585
Listed by Sunshine Properties RealEstate
Studio for $419,900. The lot size is 46.64.
Discover a rare opportunity to own 46.64 acres tucked away in one of Fallbrook’s most scenic and sought-after areas. Perched high above the surrounding landscape, this exceptional property offers breathtaking 360-degree panoramic views of the Rainbow Heights countryside and the mountains beyond, all complemented by refreshing afternoon breezes. Envision your dream estate atop a premier knoll-top homesite with existing infrastructure already in place. The property features a septic layout for a 3-bedroom home, a 1” water meter, and paved access from two sides. Utilities are readily available, including underground electric and phone along Mt. Olympus Valley Road, as well as overhead services along Rainbow Heights Road. Several fire hydrants are also nearby, adding convenience and peace of mind. This expansive parcel offers incredible versatility with three additional septic layouts on file and multiple potential building pads already roughed in—ideal for a multi-structure estate, family compound, or future development potential. Experience nature at its finest. Enjoy private trails, seasonal creeks, and abundant wildlife—including the majestic red-tailed hawk soaring overhead. The land is rich with natural beauty, featuring ancient oaks, striking boulder formations, rolling hillsides, and native vegetation including chaparral, manzanita, and seasonal wildflowers. A seasonal creek borders the eastern edge, while Gomez Creek meanders through the property, enhancing its serene, park-like setting. Located within the prestigious Mt. Olympus enclave, this community is known for its privacy, large estate parcels, and tranquil country lifestyle. Despite its secluded feel, the property is conveniently situated just 10 minutes to I-15, 15 minutes to both Fallbrook village and Temecula. Adding even more value, a 1,400-acre county park borders the property to the east, offering direct access via your own private road. Explore miles of hiking and horseback trails, historic cabins, and old mining sites—your own gateway to a hidden natural playground. No HOA. No CC&Rs. Endless possibilities.
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FeaturesGeneralSewer Perc Test On File
Utilities Cable Available Electricity Available
Zoning A-70 - RL40
HOA Fee 0
View Meadow Mountain(s) Orchard Panoramic Rocks Creek/Stream Valley
Waterfront Features Creek Stream
Community Features Foothills Hiking Horse Trails Mountainous Rural Valley
County San Diego
Property Type Land
HOA false
Possible Use Horses Residential Recreational Storage
Special Listing Conditions Standard
Status Active
Directions Corner of Rainbow Heights Rd and Mt Olympus Valley Road
City Fallbrook
Disclosures Easement(s) Unincorporated
Senior Community Y/N false
MLS Area 92028 - Fallbrook
Lot Size Units Acres
Lot Size Square Feet 2031638.4
Listing Terms Cash Conventional
Land Lease Y/N false
Virtual Tour https://www.dropbox.com/scl/fi/1l15j2f1ai8k37o0ztdnz/Mt.-Olympus.mov?rlkey=h9g5el6o94pdsfq7rjzyr54yp&st=9pdb272i&dl=0
Standard Status Active
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ExteriorFencing Vinyl
Lot Features Agricultural Horse Property Pasture Percolate Rolling Slope Ranch Rocks
Total Parking 0
Lot Size Area 46.64
Lot Size Acres 46.64
Lot Size Source Assessor
Road Frontage Type Private Road
Horse Y/N true
Horse Amenities Riding Trail
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* Excluded FeaturesList BySunshine Properties RealestateBroker
sergiog@sunshineprops.netEmail
Affordability Calculator
- Monthly Principal & Interest
- $2,585
- Monthly Property Taxes
- --
- Monthly Home Insurance
- --
Default based on a 30-year fixed rate of 6.25% 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 NearbyLots and land listings in Fallbrook, CA
Average List Price $872,181
Percent of Sale Price 108%
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.
4827338 Elementary School
4827337 Middle School
Unknown High School High School
Pricing History| Date | Price | Price Change | Description |
|---|
| 4/7/2026 | $419,900 | | Listed Price |