2163 Gracey Lane, Fallbrook, California 92028, Fallbrook, - bed, bath

home-pic
ACTIVE$750,000
2163 Gracey Lane, Fallbrook, California 92028
2Beds
1Bath
896Sqft
50,529.602Lot
Year Built
1946
Close
-
List price
$750K
Original List price
$770K
Price/Sqft
-
HOA
-
Days on market
-
Sold On
-
MLS number
NDP2508248
Home ConditionFair
Features
Good View: Hills, Panoramic
Deck
ViewHills, Panoramic

About this home

Rare Legacy Property in Fallbrook – First Time Offered in 73 Years Step into the heart of Fallbrook’s 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 nook—perfect 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 appliances—providing 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 trees—sapote, cherimoya, and macadamia—dot 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.

Nearby schools

4/10
Live Oak Elementary School
Public,K-61.6mi
6/10
La Paloma Elementary School
Public,K-62.6mi
5/10
Maie Ellis Elementary
Public,K-63.4mi
8/10
Bonsall Elementary School
Public,K-54.1mi
4/10
James E. Potter Intermediate School
Public,7-81.7mi
7/10
Norman L. Sullivan Middle School
Public,6-84.0mi
5/10
Fallbrook High School
Public,9-121.8mi
5/10
Bonsall High
Public,9-124.0mi

Price History

Date
Event
Price
10/31/25
Price Change
$750,000-2.6%
08/21/25
Listing
$770,000
Neighborhood Comparison

 SubjectAverage HomeNeighbourhood Ranking (277 Listings)
Beds23
7%
Baths13
1%
Square foot8962,169
1%
Lot Size50,53035,719
56%
Price$750K$868K
28%
Price per square foot$837$426
99%
Built year19469955996
3%
HOA
Days on market76174
7%
Condition Rating
Fair

Built in 1946, this property has received thoughtful updates including a remodeled kitchen, energy-efficient windows, and ductless mini-split A/C. While the kitchen boasts modern cabinets, granite countertops, and a subway tile backsplash, it still features older appliances like an electric coil range and an older refrigerator. The bathroom has a newer vanity but a very dated light fixture and basic tile. Original hardwood floors show wear, and several light fixtures throughout the home are significantly outdated. The property is well-maintained and functional, but requires minor updates and aesthetic improvements to achieve a more contemporary feel, aligning with the 'Fair' condition criteria for an aged home with occasional updates.
Pros & Cons

Pros

Expansive Acreage & Homestead Potential: The generous 1.16-acre lot is ideal for a hobby farm or sustainable living, featuring mature fruit trees, existing fencing, and corrals for animals.
Historic Charm & Character: The 1946 farmhouse retains original features like hardwood floors, built-in wardrobes, and a wood-burning fireplace, offering unique character.
Thoughtful Modern Updates: Recent upgrades include a remodeled kitchen, energy-efficient windows, ductless mini-split A/C, and all-electric appliances, blending old-world charm with modern comfort.
Flexible Detached Unit: A converted detached 2-car garage provides versatile space for guests, potential rental income, or can be restored to its original use.
Panoramic Views & Serene Setting: Enjoy peaceful south-facing views, ocean breezes, and panoramic hill views from a tranquil, private setting.

Cons

Limited Living Space: The main farmhouse offers only 2 bedrooms and 1 bathroom within 896 sqft, which may be insufficient for larger households or those requiring more space.
Older Construction: Built in 1946, the property, despite updates, may still present challenges related to its age, potentially requiring ongoing maintenance or further infrastructure investments.
Potential for Further Investment: While offering a 'solid foundation for your vision and future enhancements,' this implies that significant additional investment may be needed to fully realize its potential as a modern homestead or expanded living space.

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