$6,250,000

40635 De Luz Road

Fallbrook CA, 92028

Description

This is it! A once-in-a-lifetime opportunity to own a sprawling 120-acre agricultural estate in the world's avocado capital. Owned and farmed by the original homesteading family since the late 1800s, this property has never been on the market. Home of the world's largest gourd farm, this expansive estate consists primarily of flat, cultivated acreage, offering a gorgeous ranch-style house as the primary residence, three guest or caretaker residences, and the ongoing income-producing farming/retail operation of the Welburn Gourd Farm. The primary residence sits atop a hill overlooking the property while offering sweeping views of the surrounding scenic mountain landscape. It offers 3 bedrooms, 2.5 baths, an open-concept floor plan, a gourmet chef's kitchen, an attached two-car garage, and a storage building. The additional guest residences include the farm's original adobe house, which offers 3 beds, 2 baths, and two recently remodeled guest houses that offer new kitchens and baths, with 2 beds and 1 bath each. The business operation includes a retail store with multiple purpose-built structures to support operations. Four wells supply water and can support a host of income-producing agricultural operations. With a tilapia pond and groves of mature oak trees, this is truly a one of a kind agrarian estate. There is unlimited potential for multiple revenue streams, including vacation rentals, vineyards, wedding/event venues, and corporate retreats. The possibilities are endless!

Details

MLS#OC20232400
Listing TypeFor Sale
StyleHouse
Sub-TypeResale
StatusActive
Year2002
Days On Site166

Features

Bed(s)3
Bath(s) 3 Total
SQ Feet4,927
Garage2
Story(s)1
Acreage118.31
Water FrontNo
Property ViewYes

Market Activity 92028

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Area Information
StateCA
CountySan Diego
CityFallbrook
Zip Code92028
Community NameFallbrook
School DistrictFallbrook Union
Listing VS Median (in Fallbrook)
Price:
$6,250,000
low | high
Med:
$800,000
100% of Average
SqFt:
4,927
low | high
Med:
3,028
88.542723766998% of Average
$ / SqFt:
$1,269
low | high
Med:
$264
100% of Average
On Site:
166
low | high
Med:
170
97.647058823529% of Average
Sourced by Back At You
Listing Updated: March 18, 2021 7:05:42 AM PDT
Lauren Cooper LogoMLS Number: OC20232400
Listing Provided By:
Lauren Cooper  of  Compass
MLS Internet Data Exchange (IDX) information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by the California Regional MLS.