197 Morro Hills Road
About This Property
Inside, the expansive great room features large windows, a beautiful stone fireplace with hearth, and an open flow into the dining area. Crown molding and French doors create the perfect indoor-outdoor dining experience. The chef's kitchen is a true standout, boasting quartz countertops, stainless steel appliances, a 6-burner gas cooktop, a skylit island, breakfast bar, and ample counter space, plus you'll find an extra area for dining or recreation space.
The primary suite is a luxurious escape with its own fireplace, backyard access, dual walk-in closets, and an expansive bathroom. Here, you'll find a jetted tub, a large walk-in shower with dual showerheads and thermostatic controls, and dual vanities. Three additional spacious bedrooms and two beautifully designed secondary bathrooms offer comfort and convenience, with one featuring a water closet and tub-shower combo, and the other a wheelchair-accessible vanity and walk-in shower. A dedicated laundry room with ample storage, a sink, and outdoor access adds to the home's practicality.
Designed for year-round outdoor enjoyment, this fully gated property lets you experience every inch of the yard. Play a round on your private putting green in the front, host guests at the built-in BBQ island in the back, and enjoy fresh eggs from your chicken coop on the side.
For added flexibility, the property includes a detached 1-bedroom ADU with its own private patio, open kitchen and living area, and a spacious bathroom with a walk-in shower-ideal for guests or potential rental income. A covered RV parking space and an expansive 4-car garage and driveway provide plenty of storage and convenience.
Set in the scenic Morro Hills community of Fallbrook, this estate offers the perfect mix of tranquil country living and modern luxury, all while being a short drive from shopping, dining, and freeway access. Don't miss this rare opportunity!
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Cap Rate Calculator
What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Jul 10, 2025 | Sold | ||
| Sold | |||
| Jun 17, 2025 | In contract | - | |
| In contract | |||
| Jun 15, 2025 | Price Decreased |
$1,474,999
↓ $25K
(1.7%) | |
| Price Decreased | |||
| Jan 25, 2025 | Listed by eXp Realty of California Inc | $1,499,999 | |
| Listed by eXp Realty of California Inc | |||
| Oct 6, 2019 | No longer available | - | |
| No longer available | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017