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40461 Rock Mountain, Fallbrook, CA 92028

$1.29M5bd · 7ba · 4,532 sqft
Lot 49,658 sqft•Single Family Residence•
Active
•18d on market•MLS# ND-26210247

Property Description

Gorgeous Gated Multi Generation Home - 4,532 sq. ft. of flexible living space on 1.14 acres. The main residence features 5 bedrooms, 6.5 bathrooms, 2 full kitchens, multiple living areas, 3 laundry locations, an oversized 3-car garage, massive workshop and an office/potential 6th bedroom with a closet behind the garage. Ideal for multigenerational living, extended family, guests, work-from-home needs or potential rental income. One of the home's most unique features is how easily it can function as one large residence or two separate living spaces. Upstairs are 4 bedrooms and 4 bathrooms, plus a kitchen and living area, while downstairs features the primary suite, main kitchen, family room, breakfast area and additional living spaces. An existing interior locking door is all that separates an approximately 1,000 sq. ft private living area with 2 bedrooms, 2 bathrooms, full kitchen, living room, balcony and two separate entry points. Simply lock the connecting door for a private ADU-style living arrangement, or unlock it and the space flows seamlessly back into the main residence. An incredibly easy and versatile setup for extended family, adult children, guests or potential rental use. The downstairs primary suite features a large walk-in closet, private deck with beautiful views, separate his-and-hers toilet areas and an outdoor-inspired shower surrounded by natural rock and greenery. The main kitchen opens to the family room and breakfast area and includes two pantries with extensive cabinetry. French doors open to outdoor living areas and views. A formal dining area, sitting/living room and guest half bath complete the main living areas. Behind the garage, the large woodworking workshop offers multiple private access points. An additional room with a small closet is currently used as an office but offers potential as a 6th bedroom, studio, gym or hobby room (see virtual photo). Additional storage includes the oversized garage, large separate utility room and laundry room with sink, including an additional shower and toilet and direct access to the patios and workshop. The fully fenced and gated grounds feature an established grove with avocado, citrus, pomegranate, persimmon, loquat, peach and macadamia trees, plus irrigated raised garden beds and stairs through the grove. Enjoy peaceful Fallbrook living, with minutes to local winery, Rock Mountain and Santa Margarita River trails, 10 minutes to down town Fallbrook!

Features & Amenities

FallbrookFeeBuilt 1984

Property Details

Subdivision
Fallbrook
Land Type
Fee
Year Built
1984
Property Type
Residential
Property Subtype
Single Family Residence
Parking Spaces
8
Garage Spaces
3
Heating
Central
Cooling
Central Air
View
Canyon, Hills, Mountain(s), Panoramic, Valley
City
Fallbrook
Zip Code
92028
County
San Diego
Listed byUnknown Office, Susannah Levicki

Mortgage Calculator

Current Rates

$
$
%
Monthly Payment
$6,548.22
Principal & Interest
Loan Amount
$1,036,000
Total Interest
$1,321,361
Total Payment Over 30 Years
$2,357,361
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 · 3 active · 5 closed

40461 Rock Mountain, Fallbrook, CA 92028

Fallbrook · Fallbrook · Single Family Residence

$1.29M
Luxury Tier
Beds
5
Baths
7
Sqft
4,532
Lot
1.14 ac
Year
1984
$/Sqft
$286
Pool: No✓
Spa: No✓
View: city✓
Garage: 3-car✓

Listed 28.1% below the median closed sale of $1,800,000. Price per sqft ($286) is a 28% discount to closed comps ($396). Closed comps sold at 94% of list — buyers have negotiating leverage. Luxury tier — fewer comparable sales widen the confidence range.

Price Position

Priced below the market — value advantage over the field.

Price advantage
Subject listed at $1.29M· $286/sqft
Total list price
Closed comps
vs closed median $1.80M
−$505K (−28.1%)
Active comps
vs active median $2.10M
−$805K (−38.3%)
Price per sqft
Closed compsinsufficient comp data
Active comps
vs active avg $/sqft $503
−$217 (−43.1%)

Active Properties (3)

Active Comparables

AddressCityYearBDBTHSqFtLotSzLP/SqFtLPDIMScore
4709 Briana CourtFallbrook2002564,22597,139$462$1.95M677
3508 Vista CoronaFallbrook2002554,122191,228$522$2.15M8675
1387 Las VistasFallbrook2027544,000260,053$525$2.10M3871
Total: 3 · Average5.05.04,115.667182,806.667$503$2.07M43.333333333333336
Median4,122$2.10M

Closed Properties (5)

Closed Comparables

AddressCityYearDateBDBTHSqFtLotSzLPSPSP/SqFtSP/LPDIMScore
2424 Gird RoadFallbrook200207/23/2026444,00268,825$1.46M$1.44M$3610.993282
4284 Fallsbrae RoadFallbrook200309/22/2026454,13887,120$1.85M$1.89M$4561.023178
3349 Mendenaro CourtFallbrook200309/08/2026564,61630,056$1.85M$1.80M$3900.978275
3221 IntegrityFallbrook200706/10/2026444,963368,082$2.95M$2.80M$5640.954670
750 Stewart CanyonFallbrook197309/14/2026544,228281,398$1.14M$880,000$2080.776560
Total: 5 · Average4.44.64,389.4167,096.2$1.76M$1.76M$395.8—51.2
Median4,228$1.80M$1.80M

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.