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For sale
  • Price cut: $25K (7/29)
    $525,000

    4123 Oak Island Ln, Fallbrook, CA 92028

    2beds
    1,308sqft
    : 
    $4,114/mo
    Get pre-qualified
    Condominium
    Built in 1980
    -- sqft lot
    $516,800 Zestimate®
    $401/sqft
    $651/mo HOA

    What's special

    Cozy fireplaceGenerous primary suiteStainless steel appliancesBeautifully updated en-suite bathroomBright connected living spaceUpdated bathroomsTranquil golf course views
    Turnkey and move-in ready, this beautifully updated 2-bedroom, 2-bathroom condo in the highly sought-after Pala Mesa Villas golf community is the one you've been waiting for. From the moment you step inside, you'll appreciate the thoughtful upgrades, including a stunning kitchen featuring quartz countertops, stainless steel appliances, abundant cabinet and countertop space, engineered hardwood flooring, updated bathrooms, and newer heating and A/C units that add both style and comfort. The open pass-through from the kitchen to the dining area creates a bright, connected living space that's perfect for entertaining. The spacious living and dining room boasts soaring vaulted ceilings, a cozy fireplace, and direct access to a private deck overlooking the 2nd hole of the Pala Mesa Golf Course, an ideal spot to relax and take in the tranquil golf course views. The generous primary suite serves as a peaceful retreat with its own beautifully updated en-suite bathroom, while the second bedroom and updated full bath offer flexibility for guests, a home office, or additional living space. A rare 1.5-car garage provides space for a full-sized vehicle plus a golf cart, workshop, or extra storage. Residents enjoy resort-style amenities, including community pools and a spa, all just minutes from the Pala Mesa Golf Resort, Interstate 15, Highway 76, Temecula wine country, and San Diego's beautiful coastline. Experience the best of Fallbrook living—peaceful, scenic, and conveniently located. Don't miss this exceptional opportunity!
    42 days
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    363
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    6
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    Zillow last checked:

    Listing updated:

    Listed by:

    Todd D Fortney DRE #01258197 619-518-1783,

    Coldwell Banker Realty

    Source: SDMLS,MLS#: 260016276MLS LogoOriginating MLS: SDMLS

      Facts & features

      Interior

      Bedrooms & bathrooms
      • Bedrooms: 2
      • Bathrooms: 2
      • Full bathrooms: 2
      Heating
      • Forced Air Unit
      Cooling
      • Central Forced Air
      Appliances
      • Included: Dishwasher, Disposal, Range/Oven
      • Laundry: Other/Remarks
      Interior area
      • Total structure area: 1,308
      • Total interior livable area: 1,308 sqft
      Video & virtual tour

      Property

      Parking
      • Total spaces: 1
      • Parking features: Detached
      • Garage spaces: 1
      Features
      • Levels: 1 Story
      • Stories: 2
      • Pool features: Community/Common
      • Fencing: N/K
      Lot
      • Size: 10.87 Acres
      Details
      • Parcel number: 1084111046
      • Zoning: R-1:SINGLE
      • Zoning description: R-1:SINGLE
      • Special conditions: Other/Remarks

      Construction

      Type & style
      • Home type: Condo
      • Property subtype: Condominium
      Materials
      • Wood
      • Roof: Composition
      Condition
      • Year built: 1980

      Utilities & green energy

      • Sewer: Sewer Connected
      • Water: Other/Remarks

      Community & HOA

      Community
      • Subdivision: FALLBROOK
      HOA
      • Services included: Common Area Maintenance, Exterior (Landscaping), Exterior Bldg Maintenance, Limited Insurance, Water
      • HOA fee: $651 monthly
      • HOA name: Pala Mesa
      Location
      • Region: Fallbrook

      Financial & listing details

      • Price per square foot: $401/sqft
      • Tax assessed value: $325,858
      • Annual tax amount: $3,527
      • Date on market: 7/5/2026
      • Listing terms: Cash,Conventional,VA

        Estimated market value

        $516,800

        $491,000 - $543,000

        $2,826/mo

        Price history

        DateEventPrice
        7/29/2026Price change$525,000-4.5%$401/sqft
        Source: SDMLS #260016276 Report a problem
        7/5/2026Listed for sale$550,000+144.4%$420/sqft
        Source: SDMLS #260016276 Report a problem
        7/4/2025Listing removed$2,995$2/sqft
        Source: Zillow Rentals Report a problem
        6/7/2025Price change$2,995-3.4%$2/sqft
        Source: Zillow Rentals Report a problem
        5/9/2025Listed for rent$3,100+82.4%$2/sqft
        Source: Zillow Rentals Report a problem
        11/16/2017Listing removed$1,700$1/sqft
        Source: Realty ONE Group Southwest #SW17251232 Report a problem
        11/4/2017Listed for rent$1,700+3%$1/sqft
        Source: Realty ONE Group Southwest #SW17251232 Report a problem
        8/11/2016Listing removed$1,650+3.1%$1/sqft
        Source: Realty One Group Southwest #SW16165559 Report a problem
        3/1/2016Listing removed$1,600$1/sqft
        Source: Realty One Group Southwest #SW16030906 Report a problem
        2/15/2016Listed for rent$1,600$1/sqft
        Source: Realty One Group Southwest #SW16030906 Report a problem
        4/25/2003Sold$225,000$172/sqft
        Source: Public Record Report a problem

        Public tax history

        YearProperty taxesTax assessment
        2025$3,527 +2%$325,858 +2%
        2024$3,459 +3.2%$319,470 +2%
        2023$3,350 0%$313,207 +2%
        2022$3,352 +3.3%$307,067 +2%
        2021$3,244 -0.9%$301,047 +1%
        2020$3,272 +3.6%$297,961 +2%
        2019$3,158 -0.2%$292,119 +2%
        2018$3,163 +2%$286,392 +2%
        2017$3,102 +2.6%$280,778 +2%
        2016$3,022 +1.8%$275,274 +1.5%
        2015$2,969 +17.5%$271,140 +17.9%
        2014$2,526 $230,000 +21.7%
        2013-- $189,000
        2012-- $189,000 -13.7%
        2011-- $219,000
        2010-- $219,000 -4.8%
        2009-- $230,000 -7.3%
        2008-- $248,089 +2%
        2007-- $243,226 +2%
        2006-- $238,458 +2%
        2005-- $233,783 +2%
        2004-- $229,200 +22%
        2003-- $187,814 +13.1%
        2002-- $166,000 +23%
        2001-- $135,000
        Find assessor info on the county website

        Monthly payment

        Est. payment

        Payment breakdown

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        All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
        HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
        See how much you could borrow to make a competitive offer.

        Climate risks

        Neighborhood: 92028

        Getting around

        8 / 100
        Car-Dependent
        2 / 100
        Somewhat Bikeable

        Nearby schools

        GreatSchools rating

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