3264 Shearer Crossing, Fallbrook, California 92028, Fallbrook, - bed, bath

home-pic
ACTIVE$4,200,000
3264 Shearer Crossing, Fallbrook, California 92028
5Beds
3Baths
3,313Sqft
4,066,761.5Lot
Year Built
1985
Close
-
List price
$4.2M
Original List price
$4.2M
Price/Sqft
-
HOA
-
Days on market
-
Sold On
-
MLS number
ND25218112
Home ConditionFair
Features
Excellent View: Hills, Mountain(s), Neighborhood, River, Trees/Woods
Pool
Spa
Patio
ViewHills, Mountain(s), Neighborhood, River, Trees/Woods

About this home

A once-in-a-lifetime opportunity to own an exceptional 93-acre estate in the heart of Fallbrook with COVETED WATER RIGHTS TO THE SAN LUIS REY RIVER. First, the home is majestically Perched atop a hillside, an exquisitely crafted Spanish-Pueblo estate capturing the essence of timeless elegance and serene countryside living. Framed by panoramic vistas of lush orchards, rolling valleys, and distant mountains, the residence is a masterclass in architectural thoughtful design. Step inside to discover a warm, inviting interior from hand-laid Saltillo tile and rich wood flooring to plush carpeting in select bedrooms, every detail has been curated for both comfort and views. The expansive layout features 5 generously sized bedrooms, two dedicated offices, and an airy loft. The heart of the home, a sun-drenched kitchen, boasts a picture window that perfectly frames the sprawling orchard views. Two wood burning fireplaces lend additional warmth and character to the living spaces, creating cozy retreats for every season. Step out to the backyard where a resort-style pool and spa invite year-round relaxation. Now lets talk about the land... This agricultural paradise with a water supply so abundant, it defies expectations boasting two high-producing wells and WATER RIGHTS TO THE SAN LUIS REY RIVER, providing a virtually limitless flow to sustain farming, equestrian dreams, or other developments. The water infrastructure is truly unmatched with Two 65-foot-deep wells producing up to 1,000 GPM, currently operating at 340 GPM with 65 PSI; One well is powered by a 20HP submersible pump, the other by a diesel-driven line shaft turbine. Water delivery that spans the entire estate with ease and efficiency, including the house with a reverse osmosis system for potable water. The land is as rich and versatile as its water supply. Currently planted with 11 acres of mature orange trees (25+ years old), 25 acres of various producing avocado trees (ranging from 10 to 25+ years) and a vibrant variety of fruit trees, including mandarins, apples, persimmons, and peaches. Approximately 20 acres of flat, usable terrain present an open canvas for expansion—whether envisioning a world-class equestrian facility, a luxury private estate compound, or a potential luxury subdivision. Let your imagination run free!! Steeped in rich agricultural history, this land has been lovingly maintained by the same family whose legacy helped shape Fallbrook’s renowned citrus and avocado industry.

Price History

Date
Event
Price
09/19/25
Listing
$4,200,000
Neighborhood Comparison

 SubjectAverage HomeNeighbourhood Ranking (277 Listings)
Beds53
88%
Baths33
50%
Square foot3,3132,174
84%
Lot Size4,066,76235,719
89%
Price$4.2M$878K
99%
Price per square foot$1,268$426
99%
Built year19859955996
38%
HOA
Days on market47174
2%
Condition Rating
Fair

The property was built in 1985, making it 39 years old. While the home appears well-maintained and retains its original Spanish-Pueblo charm with Saltillo tile and wood accents, the kitchen and bathrooms are significantly outdated. The kitchen features tiled countertops, traditional wood cabinets, a dated fluorescent light fixture, and older white appliances. Bathrooms also show signs of an older style. The overall aesthetic, while functional, requires minor updates to meet current design standards and preferences. Major systems appear functional, but the property has not undergone a significant renovation in the last 15-30 years.
Pros & Cons

Pros

Exceptional Water Rights & Infrastructure: Coveted water rights to the San Luis Rey River and two high-producing wells (up to 1,000 GPM) provide an unparalleled, virtually limitless water supply for agricultural, equestrian, or developmental needs, a critical asset in California.
Vast Income-Generating Agricultural Land: A 93-acre estate featuring 11 acres of mature orange trees, 25 acres of producing avocado trees, and various other fruit trees, offering significant existing agricultural income and established operations.
Significant Development & Expansion Potential: Approximately 20 acres of flat, usable terrain provide a versatile canvas for future development, including a world-class equestrian facility, a luxury private estate compound, or a potential luxury subdivision.
Stunning Spanish-Pueblo Estate with Panoramic Views: A majestically perched, exquisitely crafted 5-bedroom Spanish-Pueblo home offering panoramic vistas of orchards, valleys, and mountains, complemented by a resort-style pool and spa.
Rich Historical & Legacy Value: Maintained by the same family for generations, the property is steeped in agricultural history, contributing to Fallbrook's renowned citrus and avocado industry, adding unique intangible value.

Cons

High Operational & Maintenance Costs: The extensive 93-acre agricultural operation, sophisticated water infrastructure, and large estate home will necessitate substantial ongoing expenses for maintenance, labor, and utilities.
Niche Buyer Market: The property's unique scale, agricultural focus, and specific development potential target a highly specialized buyer pool, which may result in a longer marketing period compared to conventional residential properties.
Potential for Home Updates: While well-maintained, the 1985-built Spanish-Pueblo home, with its Saltillo tile and wood flooring, may require significant updates to meet contemporary luxury design preferences and amenities for some high-end buyers.

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