
35916 Rice Canyon Road, Fallbrook, CA 92028
35916 Rice Canyon Road, Fallbrook, CA 92028
Property Description
Secluded single-story log-style home featuring a stunning panoramic view. With 20.89 acres of picturesque rolling hills, this mini-ranch offers endless possibilities for enjoying the wonders of nature and for generating different sources of income. Currently, a portion of this mini-ranch is being developed as an exotic fruit farm featuring a number of exotic fruits such as guava, Australian custard apple, Israeli custard apple, banana, orange, peach, jujube, java, sapote, mango, longan, tangerine, berry, berry, rolia, lemon, and sakara flower. The rolling hillsides have great potential to nurture grapevines or avocados for personal enjoyment or additional income streams. The charming log style main house offers a peaceful country atmosphere paired with a beautiful panoramic view. With spacious 3 bedrooms, 2 bathrooms, and a side deck, it offers relaxing space away from city noise and traffic. This house is also currently rented as AirBnB providing another source of income stream. The property also features a detached 2-car garage, an existing mobile home structure included at no assigned value, and boundless space for the potential additional construction of AirBnb tiny homes. Please check with the city for any updated ordinances and/requirements. This huge parcel is also currently home to a number of farm animals, including chickens, peacocks, egg-laying geese, and dogs. Nevertheless, there is plenty of room on these extensive acres for animals like horses, goats, alpacas, and fish.
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About Fallbrook
This property is located in Fallbrook, a community in Fallbrook. Explore more listings in this neighborhood to compare options and pricing.
View Fallbrook ListingsComparative Market Analysis
Luxury Tier · 5 active · 5 closed
Fallbrook · Fallbrook · Single Family Residence
Listed 97.0% above the median closed sale of $796,000. Price per sqft ($1,021) is a 100% premium to closed comps ($511). Luxury tier — fewer comparable sales widen the confidence range.
Price Position
Positioned above the market — commands a premium.
Active Properties (5)
Active Comparables
| Address | City | Year | BD | BTH | SqFt | LotSz | LP/SqFt | LP | DIM | Score |
|---|---|---|---|---|---|---|---|---|---|---|
| 3101 Cherrypoint Court | Fallbrook | 1965 | 3 | 3 | 1,784 | 10,890 | $532 | $949,000 | 3 | 76 |
| 2864 Live Oak Park | Fallbrook | 1997 | 4 | 4 | 2,000 | 875,120 | $800 | $1.60M | 3 | 73 |
| 40057 Shore Road | Fallbrook | 1969 | 3 | 3 | 2,128 | 129,809 | $399 | $849,000 | 132 | 72 |
| 1734 Adalane Place | Fallbrook | 1978 | 3 | 2 | 1,346 | 15,784 | $516 | $695,000 | 127 | 66 |
| 40390 Ross Road | Fallbrook | 1978 | 4 | 2 | 1,500 | 3,486,978 | $1,752 | $2.63M | 304 | 64 |
| Total: 5 · Average | 3.4 | 2.8 | 1,751.6 | 903,716.2 | $799.8 | $1.34M | 113.8 | |||
| Median | 1,784 | $949,000 | ||||||||
Closed Properties (5)
Closed Comparables
| Address | City | Year | Date | BD | BTH | SqFt | LotSz | LP | SP | SP/SqFt | SP/LP | DIM | Score |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 985 Main | Fallbrook | 1986 | 09/01/2026 | 2 | 1 | 1,130 | 11,326 | $647,000 | $665,000 | $588 | 1.03 | 53 | 72 |
| 203 Rhesa | Fallbrook | 1987 | 08/04/2026 | 3 | 2 | 1,512 | 25,700 | $918,700 | $927,000 | $613 | 1.01 | 41 | 67 |
| 2389 Eric Road | Fallbrook | 2013 | 08/03/2026 | 3 | 3 | 1,940 | 474,804 | $868,270 | $855,000 | $441 | 0.98 | 95 | 67 |
| 720 Carnation Lane | Fallbrook | 1983 | 10/09/2026 | 3 | 2 | 1,731 | 24,829 | $795,000 | $796,000 | $460 | 1.00 | 57 | 67 |
| 1853 Juanita | Fallbrook | 1969 | 07/01/2026 | 3 | 3 | 1,470 | 49,223 | $699,000 | $665,000 | $452 | 0.95 | 68 | 66 |
| Total: 5 · Average | 2.8 | 2.2 | 1,556.6 | 117,176.4 | $781,600 | $781,600 | $510.8 | — | 62.8 | ||||
| Median | 1,512 | $796,000 | $796,000 | ||||||||||
Market Analysis
List vs Sale $/SqFt
Sale Price Trend
Days on Market
Sale vs List Price
This analysis was generated automatically from MLS data. For an in-depth, human-reviewed valuation, contact Joseph Sardella at josephsardella@gmail.com.