4121 Oak Island Ln, Fallbrook, California 92028, Fallbrook, - bed, bath

home-pic
ACTIVE$450,000
4121 Oak Island Ln, Fallbrook, California 92028
2Beds
2Baths
1,308Sqft
473,310Lot
Year Built
1980
Close
-
List price
$450K
Original List price
$499K
Price/Sqft
-
HOA
$603
Days on market
-
Sold On
-
MLS number
250037907SD
Home ConditionFair
Features
Good View: Park/Greenbelt, Golf Course
Patio
ViewPark/Greenbelt,Golf Course

About this home

This beautifully updated lower-level, single-story condo offers easy access and effortless living, with direct views of Hole 2 on the renowned Pala Mesa Golf Resort. Enjoy a bright, open floor plan with a spacious kitchen that flows seamlessly into the living area, updated appliances, and newer upgraded carpet throughout. Step outside to a serene, landscaped patio space surrounded by mature Magnolia trees, lush greenery, and a grassy area ideal for relaxing or entertaining. Fruit lovers will appreciate the producing tangerine, orange, and avocado trees right outside your door. From the kitchen window, soak in views of Monserate Mountain and take advantage of nearby hiking trails just minutes away. This is more than a condo—it's a resort lifestyle. Pala Mesa Villas is an established, meticulously maintained community nestled within a premier golf resort that includes the golf course, hotel, and restaurant. Drive your golf cart to the local Estate D’lacobeli Winery or explore the vibrant Temecula area, just minutes away via easy access to I-15 and Highway 76. The HOA offers incredible value—it includes Fire and Flood Insurance, unlimited water (no separate water bill), access to two pools, two spas, BBQ areas, and a welcoming, dog-friendly environment. And don’t miss the lively community happy hour from 4–8 PM, featuring live music and putting contests right on the golf course!

Nearby schools

4/10
Live Oak Elementary School
Public,K-63.1mi
5/10
Maie Ellis Elementary
Public,K-65.3mi
8/10
Bonsall Elementary School
Public,K-56.1mi
4/10
James E. Potter Intermediate School
Public,7-83.3mi
7/10
Norman L. Sullivan Middle School
Public,6-84.6mi
5/10
Fallbrook High School
Public,9-124.5mi
5/10
Bonsall High
Public,9-124.5mi

Price History

Date
Event
Price
11/01/25
Price Change
$450,000-2.2%
10/27/25
Price Change
$460,000
09/03/25
Listing
$499,000
Neighborhood Comparison

 SubjectAverage HomeNeighbourhood Ranking (19 Listings)
Beds22
50%
Baths22.5
50%
Square foot1,3081,308
50%
Lot Size473,3100
20%
Price$450K$543K
30%
Price per square foot$344$406.5
20%
Built year19809900990
55%
HOA$603$450
70%
Days on market63185
15%
Condition Rating
Fair

The property, built in 1980, is well-maintained with some recent updates like newer carpet and updated kitchen appliances. However, the kitchen cabinets, countertops, and tile flooring appear dated, suggesting the last significant renovation was more than 15 years ago. While move-in ready, it requires minor updates to bring the kitchen and potentially bathrooms (not fully visible) to a more modern standard, aligning with the 'Fair' condition criteria.
Pros & Cons

Pros

Golf Course & Mountain Views: The property offers direct, desirable views of Hole 2 on the Pala Mesa Golf Resort and Monserate Mountain, significantly enhancing its aesthetic appeal and perceived value.
Resort-Style Community & Amenities: Located within the meticulously maintained Pala Mesa Villas, residents enjoy a resort lifestyle with access to two pools, two spas, BBQ areas, a dog-friendly environment, and vibrant community social events.
Exceptional HOA Value: The HOA fee provides significant value by including fire and flood insurance, as well as unlimited water, reducing typical monthly utility and insurance expenses for the homeowner.
Updated & Accessible Interior: This lower-level, single-story condo features a beautifully updated interior with an open floor plan, updated appliances, and newer upgraded carpet, offering modern comfort and easy access.
Desirable Outdoor Living & Lifestyle: A serene, landscaped patio with mature trees and producing fruit trees, combined with golf cart access to a local winery and proximity to Temecula and hiking trails, offers a rich and active lifestyle.

Cons

Significant HOA Fees: The monthly association fee of $603 is substantial, adding a considerable recurring cost to homeownership that may impact affordability for some prospective buyers.
Condo Ownership Limitations: As a condominium, the property inherently involves shared walls, potential noise transfer from neighbors, and HOA rules that may restrict personal modifications or usage compared to a single-family home.
Recent Price Reductions: The property has undergone two price reductions from its original list price of $499,000 to $450,000, which could indicate initial overpricing or slower market interest, potentially affecting buyer confidence.

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