1940 Gray Rabbit Hollow Ln, Fallbrook, CA — $449,000

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About this home

Beautiful 1 acre hilltop parcel with commanding presence and scenic views in the desirable Fallbrook countryside. This property offers excellent street frontage and paved road access, creating a highly visible homesite with strong curb appeal. The elevated setting makes it an ideal location for a showcase custom estate or dream home. Utilities including water, electricity, and internet are available nearby. Surrounded by newly built custom luxury homes including modern farmhouse and Tuscan-style estates, this parcel presents an outstanding opportunity to build in a peaceful yet established neighborhood. Enjoy the rural charm Fallbrook is known for while still being conveniently located near town, shopping, dining, and major commuting routes. Buyer to verify utilities, zoning, and development potential.

🏠 HomeFax

Public-record history for this property.

🌊 Flood zoneX / Low/Medium Risk

🏷 Last sold$175,000 · Apr 2021

📋 Assessed value$189,425

💵 Annual tax$2,018

🏫 School districtFallbrook Union High School District

MLS #PW26065959MR

🔥 Risk & insurability

🔥 Fire hazard zoneNot in a State-designated fire hazard zone

🌊 FEMA flood zoneZone X — minimal/moderate flood risk

FEMA National Flood Hazard Layer · CAL FIRE 2024 FHSZ

🧮 Affordability calculator

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Estimated total monthly payment

$2,813

Principal & interest$2,270

Property tax$412

Home insurance$131

Down payment: $89,800Loan: $359,200

Estimates only — not a loan offer. Actual rates, taxes, and insurance vary. Talk with your agent and a lender for exact figures.