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35916 Rice Canyon Road, Fallbrook, CA 92028

$1.57M3bd · 2ba · 1,536 sqft
Lot 909,968 sqft•Single Family Residence•
Active
•33d on market•MLS# PW-26198626

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.

Features & Amenities

FallbrookFeeBuilt 1979

Property Details

Subdivision
Fallbrook
Land Type
Fee
Year Built
1979
Property Type
Residential
Property Subtype
Single Family Residence
Parking Spaces
2
Garage Spaces
2
Cooling
Central Air
View
Mountain(s)
City
Fallbrook
Zip Code
92028
County
San Diego
Listed byNational Brokers, David Pham

Mortgage Calculator

Current Rates

$
$
%
Monthly Payment
$7,928.66
Principal & Interest
Loan Amount
$1,254,400
Total Interest
$1,599,918
Total Payment Over 30 Years
$2,854,318
This calculator provides estimates only. Actual mortgage payments may include taxes, insurance, HOA fees, and PMI. Contact a lender for accurate quotes.

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 Listings

Comparative Market Analysis

Luxury Tier · 5 active · 5 closed

35916 Rice Canyon Road, Fallbrook, CA 92028

Fallbrook · Fallbrook · Single Family Residence

$1.57M
Luxury Tier
Beds
3
Baths
2
Sqft
1,536
Lot
20.89 ac
Year
1979
$/Sqft
$1021
Pool: No✓
View: mountain✓
Garage: 2-car✓

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.

Premium
Subject listed at $1.57M· $1,021/sqft
Total list price
Closed comps
vs closed median $796K
+$772K (+97.0%)
Active comps
vs active median $949K
+$619K (+65.2%)
Price per sqft
Closed compsinsufficient comp data
Active comps
vs active avg $/sqft $800
+$221 (+27.7%)

Active Properties (5)

Active Comparables

AddressCityYearBDBTHSqFtLotSzLP/SqFtLPDIMScore
3101 Cherrypoint CourtFallbrook1965331,78410,890$532$949,000376
2864 Live Oak ParkFallbrook1997442,000875,120$800$1.60M373
40057 Shore RoadFallbrook1969332,128129,809$399$849,00013272
1734 Adalane PlaceFallbrook1978321,34615,784$516$695,00012766
40390 Ross RoadFallbrook1978421,5003,486,978$1,752$2.63M30464
Total: 5 · Average3.42.81,751.6903,716.2$799.8$1.34M113.8
Median1,784$949,000

Closed Properties (5)

Closed Comparables

AddressCityYearDateBDBTHSqFtLotSzLPSPSP/SqFtSP/LPDIMScore
985 MainFallbrook198609/01/2026211,13011,326$647,000$665,000$5881.035372
203 RhesaFallbrook198708/04/2026321,51225,700$918,700$927,000$6131.014167
2389 Eric RoadFallbrook201308/03/2026331,940474,804$868,270$855,000$4410.989567
720 Carnation LaneFallbrook198310/09/2026321,73124,829$795,000$796,000$4601.005767
1853 JuanitaFallbrook196907/01/2026331,47049,223$699,000$665,000$4520.956866
Total: 5 · Average2.82.21,556.6117,176.4$781,600$781,600$510.8—62.8
Median1,512$796,000$796,000

Market Analysis

List vs Sale $/SqFt

Sale Price Trend

Days on Market

Sale vs List Price

AI-generated CMA

This analysis was generated automatically from MLS data. For an in-depth, human-reviewed valuation, contact Joseph Sardella at josephsardella@gmail.com.