Amazing 3600sf San Diego Fallbrook Retreat on 5 Acre
$2,200,000
target home price
$275,000
cost per share
$2,450 / mo
estimated costs
$2,750 / mo
monthly income
CASH AT CLOSING PER SHARE
|
Down Payment
$55,000
|
Closing Cost
$16,500
|
Reserve Fund Deposit
$8,250
|
Total Cash at Closing
$79,750
|
Details
It is a rare opportunity to own part of Lumen Collis Country Estate. It is off sought after Gird Road area of Fallbrook, nestled on a 5-acre avocado grove in the charming town of Fallbrook, San Diego County, this custom home possesses of amazing views with unusual serenity!!
Invite your family and friends to an escape to this sophisticated 3,520 sqft, 4-bedroom, 3.5-bathroom home with 2 master suits, 3 fireplaces, a large custom bar with a pool table, game room, and a large 18,000 gallon pool and hot tub. The thoughtfully designed space caters to entertainment and relaxation, French doors open to breathtaking views of 280 avocado trees, creating a serene backdrop.
Picture yourself and your family exploring pristine beaches, horseback riding, enjoy rounds of golf at scenic courses, savoring local wineries, Casinos or embarking on family adventures to the iconic San Diego Zoo—all just a short drive away.
This country home is an ideal 2nd home for those seeking a tranquil retreat, a stylish getaway, or family gatherings. Whether you're exploring local attractions, enjoying the poolside serenity, or simply savoring the beauty of the avocado-filled landscape, this Fallbrook Country Home provides the perfect backdrop for an unforgettable stay.
The property also comes with an small active avocado grove with 280 avocado trees, yield 12,000+ lbs, a testament to Fallbrook's title as the "Avocado Capital of the World," with top-grade soil and ample acreage for cultivating various fruit trees.
Don't miss the opportunity to own a second home in this hidden gem of North County Inland, San Diego! It is your perfect vacation sanctuary for your family and friends.
Purchasing Info & Terms
- 4 out of 8 shares available now.
-$275,000 per share.
- Own the home and 5 acres land! There’s plenty of potential for planting different fruit trees, Tiny home build, camping tent.
- Owner occupied and/or vacation rental income.
- Current short-term night rate $400-$700, 3 nights minimum.
- Turn-Key, Property manager available.
- Cash buyer only.
- If buyer’s financing is needed, this would need to be your own financing options such as a personal loan or your HELOC.
Important: To avoid any risk, we accept cash buyers only. Owners will own this amazing property free and clear of any mortgage loans and liens.
About Fallbrook, CA - North County San Diego.
Discover Fallbrook, a scenic city nestled in the hills of North County Inland, San Diego, California. It is a charming and idyllic community renowned for its rural beauty and agricultural heritage. Known as the "Avocado Capital of the World," Fallbrook is dotted with lush groves of avocados, citrus orchards, and vineyards, creating a serene and scenic backdrop.
The town's mild climate and friendly atmosphere contribute to its appeal, making it a sought-after destination for those seeking a peaceful retreat while still enjoying convenient access to amenities. Fallbrook's small-town charm, coupled with its proximity to major cities and the stunning natural surroundings, make it an ideal location for those looking to embrace a relaxed lifestyle in Southern California.
Celebrities including Sandra Bullock, Johnny Depp, Leo Howard, Jessie James, Jason Mraz, Tony Hawk, Tom Selleck, Electra Mustaine, Tori Spelling and Dean McDermott, Rita Coolidge, Frank Capra, Henry Fonda, John Barrymore, Kris Kristofferson, Huey Lewis, Duke Snider, John Wayne, Shane Peterson, Ed Faulkner, Andre Agassi, Tom Metzger, Bill Murray and others, have sought refuge in Fallbrook to get away and enjoy a quiet life. It is the first choice for celebrities to live in since, while being a small, quiet city, it has all of the contemporary conveniences.
Fallbrook, renowned as the "Avocado Capital of the World," offers a blend of rural tranquility and easy urban access. With spacious lots ensuring privacy and near major transportation routes, including Interstate 15, Fallbrook provides seamless connections to San Diego, Orange County, and Riverside County—making it an ideal destination for your second home.
Don't miss this chance to own a second home in the hidden gem of North County Inland, San Diego—a perfect vacation sanctuary for family and friends!!
House Usage
- 8 shares total
- 6 weeks a year per share
About the Organizer
We are owners of the property. We have not occupied this vacation home as much as we wanted to, just as many vacation home owners, this is why we appreciate the idea of co-ownership. We fall in love with our 2nd home and believe you would too!! We also appreciate Plum to facilitate the transaction! We are God loving, professional couple in tech, has 1 daughter, easy going. We are transparent with any information you need, please don’t be hesitated to reach out. :)
Amenities
- Fire place
- Game room
- Hot tub
- Pool
- Porch
House Rules
- Only dogs allowed
- No firearms allowed
- Short term renting permitted
Ask A Question
Calculated Costs per Share
CASH AT CLOSING PER SHARE
|
Down Payment
$55,000
|
Closing Cost
$16,500
|
Reserve Fund Deposit
$8,250
|
Total Cash at Closing
$79,750
|
This is an estimate of the amount of cash needed when closing on the purchase of a property financed with a 30 year Mortgage at 8.0% interest rate.
Plum’s estimate includes 20% of the value of the house as a down payment, 6% of the value of the house for closing costs (including Plum’s Group Success Fee) and 3% of the value of the house for the initial reserve fund.
ESTIMATED MONTHLY EXPENSES PER SHARE
|
Mortgage Payment
$1,614
|
Insurance/Taxes
$298
|
Repairs
$229
|
Maintenance
$229
|
Utilities
$51
|
Cleaning
$28
|
Total Expenses
$2,450
|
ESTIMATED MONTHLY INCOME PER SHARE
|
Monthly Income
$2,750
|
Total Monthly Income
$2,750
|
A good threshold for rental property investment is the 1% Rule (source). It states that you should only invest in rental property if you are reasonably confident that the property can rent for 1% of the sale price per month.
We’ve included that assumption here. It is critical that the group validate pricing, rental history, and future rental projections of any specific property before proceeding with a purchase. You can explore rental incomes of any property with this free estimation tool at Rabbu.com.