3104 Red Mountain Heights Drive
About This Property
Once part of an avocado grove, the property retains the character and sense of openness that have long defined Fallbrook's hillside estates. From the upper portions of the land, sweeping views stretch to the west, creating an inspiring backdrop for a residence designed around sunsets, indoor-outdoor living, privacy, and the surrounding landscape.
The setting delivers the sense of escape that draws buyers to Fallbrook without feeling disconnected from everyday life. Red Mountain Heights offers a distinctly rural atmosphere while remaining within convenient reach of I-15, Fallbrook's shops, dining, local wineries, and the broader destinations of North San Diego County. Spend the afternoon exploring Fallbrook or nearby wine country, then return home to acreage, open skies, and a setting that feels entirely your own.
The combination of acreage, elevation, established zoning, preliminary site work, conceptual pad location, western exposure, and access to the surrounding Fallbrook lifestyle gives this property a story that extends well beyond vacant land.
It is an opportunity to create a private Fallbrook retreat shaped around your architecture, your landscape, and your vision.
Nearly six acres. Elevated western views. Privacy. Preliminary groundwork already in place. The canvas is here. What comes next is yours to create.
APN 102-680-43-00.
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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 |
|---|---|---|---|
| Aug 5, 2026 | Listed by Coldwell Banker Realty | $350,000 | |
| Listed by Coldwell Banker Realty | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017