Prime 4.9-Acre Development Opportunity in Fallbrook. Discover this exceptional 4.9-acre parcel in Fallbrook, perfectly suited for your next project. Comprising two APNs—103-246-28-00 (3.98 acres) and 103-246-17-00 (0.92 acres)—this property offers flexible zoning under RU (Urban Residential) with a General Plan designation of Village Residential (VR-15), unlocking a range of residential development possibilities. Utilities Ready including Fallbrook Public Utility water meter already installed and sewer access available on-site. Truly a prime location nestled in desirable Fallbrook, ideal for custom homes, subdivisions, or village-style living. This is a rare development gem—don't let it slip away!
Lot/land
Listed by: LPT Realty • Tim Kirk • Contact: 760-704-9252
$1,500,000
502 E Elder St, Fallbrook, CA 92028
--beds
--baths
4.9Acres
Unimproved Land
Built in ----
4.9 Acres Lot
$-- Zestimate®
$--/sqft
$-- HOA
What's special
- 455 days |
- 61 |
- 3 |
Zillow last checked:
Listing updated:
Listed by:
Tim Kirk DRE #01941662 760-704-9252,
LPT Realty
Source: CRMLS,MLS#: NDP2510072
Originating MLS: California Regional MLS (North San Diego County & Pacific Southwest AORs)
Originating MLS: California Regional MLS (North San Diego County & Pacific Southwest AORs)Facts & features
Interior
Video & virtual tour
Property
Features
- Fencing: Cross Fenced
- Has view: Yes
- View description: Neighborhood
Lot
- Size: 4.9 Acres
- Features: 2-5 Units/Acre
Details
- Parcel number: 1032461700
- Zoning: R-1:Single Fam-Res
- Special conditions: Standard
Utilities & green energy
- Sewer: Public Sewer
- Utilities for property: Electricity Connected
Community & HOA
Community
- Features: Suburban
Location
- Region: Fallbrook
Financial & listing details
- Tax assessed value: $86,376
- Annual tax amount: $1,004
- Date on market: 10/17/2025
- Cumulative days on market: 456 days
- Listing terms: Cash,Conventional,Submit
Estimated market value
Not available
Estimated sales range
Not available
$2,659/mo
Price history
| Date | Event | Price |
|---|---|---|
| 1/27/2026 | Price change | $1,500,000-25% |
Source:  CRMLS #NDP2510072 Report a problem | ||
| 10/18/2025 | Listed for sale | $2,000,000 |
Source: CRMLS #NDP2510072 Report a problem | ||
| 10/10/2025 | Listing removed | $2,000,000 |
Source:  SDMLS #ND25102123 Report a problem | ||
| 6/23/2025 | Listed for sale | $2,000,000-44.6% |
Source: SDMLS #ND25102123 Report a problem | ||
| 2/26/2015 | Listing removed | $3,610,000 |
Source: Pacific Sotheby's Int'l Realty #150004336 Report a problem | ||
| 1/26/2015 | Listed for sale | $3,610,000-9.8% |
Source: Pacific Sotheby's Int'l Realty #150004336 Report a problem | ||
| 5/20/2014 | Listing removed | $4,000,000 |
Source: RE/MAX United #140016842 Report a problem | ||
| 4/1/2014 | Listed for sale | $4,000,000 |
Source: RE/MAX United #140016842 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $1,004 +2.3% | $86,376 +2% |
| 2024 | $982 -2.3% | $84,683 +2% |
| 2023 | $1,005 0% | $83,023 +2% |
| 2022 | $1,005 +3.1% | $81,396 +2% |
| 2021 | $975 -0.9% | $79,800 +1% |
| 2020 | $984 +17.5% | $78,982 +2% |
| 2019 | $837 -12.1% | $77,434 +2% |
| 2018 | $952 +1.8% | $75,916 +2% |
| 2017 | $936 +2.2% | $74,428 +2% |
| 2016 | $915 +1.4% | $72,969 +1.5% |
| 2015 | $903 +1.7% | $71,873 +2% |
| 2014 | $888 | $70,466 +0.5% |
| 2013 | -- | $70,148 +2% |
| 2012 | -- | $68,773 +2% |
| 2011 | -- | $67,425 +0.8% |
| 2010 | -- | $66,922 -0.2% |
| 2009 | -- | $67,081 +2% |
| 2008 | -- | $65,766 |
Find assessor info on the county website
Monthly payment
Climate risks
Neighborhood: 92028
Nearby schools
GreatSchools rating
- 7/10William H. Frazier Elementary SchoolGrades: K-6Distance: 1.3 mi
- 5/10James E. Potter Intermediate SchoolGrades: 7-8Distance: 1.7 mi
- 6/10Fallbrook High SchoolGrades: 9-12Distance: 2.2 mi
- $--1.35 acresWinter Haven Rd, Fallbrook, CA 92028Off Market
- $629,0003 bd2 ba1.2k sqft304 Elbrook Dr, Fallbrook, CA 92028Off Market
- $616,7003 bd1 ba1k sqft245 S Brandon Rd, Fallbrook, CA 92028Off Market
- $819,9006 bd3 ba2.3k sqft460-62 E Elder St, Fallbrook, CA 92028Off Market
- $641,8003 bd1 ba1.2k sqft462 E Elder St, Fallbrook, CA 92028Off Market
- $680,9003 bd2 ba1.2k sqft460 E Elder St, Fallbrook, CA 92028Off Market
- $607,2003 bd1 ba1.3k sqft233 S Brandon Rd, Fallbrook, CA 92028Off Market
- $572,0003 bd1 ba936 sqft221 S Brandon Rd, Fallbrook, CA 92028Off Market
A local agent can set up tours, give advice and negotiate with sellers.
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