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

home-pic
ACTIVE$4,200,000
3264 Shearer Crossing, Fallbrook, California 92028
5Beds
2Baths
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
NDP2509791
Home ConditionFair
Features
Excellent View: City Lights, Hills, Mountain(s), Neighborhood, Orchard, Panoramic, Pool
Pool
Spa
Patio
ViewCity Lights,Hills,Mountain(s),Neighborhood,Orchard,Panoramic,Pool

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
10/09/25
Listing
$4,200,000
Neighborhood Comparison

 SubjectAverage HomeNeighbourhood Ranking (277 Listings)
Beds53
88%
Baths23
35%
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 market26173
1%
Condition Rating
Fair

The property was built in 1985, making it 39 years old. While the overall structure appears well-maintained and the description highlights the estate's unique features, the interior, particularly the kitchen and bathroom, is significantly outdated. The kitchen features original-style light wood cabinets, Saltillo tile countertops, and older appliances (white refrigerator, dated fluorescent lighting). The bathroom also exhibits very dated tile work, a tiled vanity, and older fixtures. These key areas require substantial updates to meet current aesthetic and functional standards, aligning with a property built within the last 25 to 40 years with no major renovations since construction.
Pros & Cons

Pros

Unmatched Water Rights & Supply: The property boasts coveted water rights to the San Luis Rey River and two high-producing wells (up to 1,000 GPM), providing an abundant and virtually limitless water supply critical for agricultural operations and future development in a water-scarce region.
Expansive 93-Acre Estate with Development Potential: This exceptional 93-acre estate includes approximately 20 acres of flat, usable terrain, offering significant potential for expansion, a world-class equestrian facility, a luxury private compound, or even a potential luxury subdivision.
Established Agricultural Production: The estate features 11 acres of mature orange trees and 25 acres of producing avocado trees (10-25+ years old), along with a variety of other fruit trees, providing immediate income potential and a rich agricultural heritage.
Panoramic Views & Prime Hillside Location: Majestically perched atop a hillside, the residence offers breathtaking panoramic vistas of lush orchards, rolling valleys, and distant mountains, enhancing its aesthetic appeal and value.
Luxury Amenities & Quality Residence: The exquisitely crafted Spanish-Pueblo estate features a resort-style pool and spa, 5 generously sized bedrooms, two dedicated offices, and an airy loft, providing a luxurious and comfortable living environment.

Cons

Limited Bathrooms for Estate Size: With 5 bedrooms and over 3,300 sqft, the presence of only 2 bathrooms is a significant functional limitation for a luxury estate of this caliber, potentially requiring immediate renovation or expansion for modern luxury living standards.
Niche Market & High Price Point: The $4.2 million list price and specialized nature as an agricultural estate target a very specific and limited buyer pool, which could lead to extended market time compared to more conventional properties.
Operational Demands of Agricultural Estate: Owning and maintaining a 93-acre property with active orchards, extensive water infrastructure, and multiple wells requires significant ongoing management, labor, and financial investment, which may not appeal to all luxury buyers seeking a low-maintenance lifestyle.

Best solution for experienced home buyers!

Data-driven home buying experience with our licensed real estate agents and cutting-edge AI

Browse Properties by State Browse market stats by State