See Home Value
San Diego 92028
7051 Mount Olympus Drive
$1,100,000
● House - Off Market

7051 Mount Olympus Drive

Fallbrook, CA 92028
bedrooms
3 Beds
bathrooms
3 Baths, 1 Half Bath
square feet
3,869 Ft²
$2,331,920
RealtyHop Estimate
94.33%
Since Feb 1, 2014
National-US
Primary Model

About This Property

At the end of the Rainbow (Heights) but only ten minutes to the 15 freeway is this stunning custom 1 story on nineteen glorious acres. The features are too numerous to list here - consider this a start. Magnificent views in a private park like setting - the impeccably designed single story 3800 square foot home is framed by a two acre pond - fed by a seasonal stream with a natural waterfall. The pond is stocked with bass and blue gill for your kids and grandkids angling pleasure. The house features an in- Neighborhoods: Rainbow Equipment: Fire Sprinklers,Garage Door Opener,Pool/Spa/Equipment, Range/Oven Other Fees: 0 Sewer:  Septic Installed Topography: LL,RSLP,GSL
Unit Size
3,869 Ft²
Days on Market
59 days
Land Size
19.40 acres
Price per sqft
$310
Property Type
House
Property Taxes
-
HOA Dues
-
Year Built
2004

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Last updated: 4 months ago (SDMLS #130062044)

Price History

Date / Event Date Event Price
May 27, 2026 Sold
Sold
May 6, 2026 In contract -
In contract
Apr 18, 2026 Listed by Keller Williams Realty $3,600,000
Listed by Keller Williams Realty
Welcome to Casa Lago, a rare private lakefront estate spanning 51+ acres across two legal parcels in one of Fallbrook’s most scenic settings. The main parcel encompasses approximately 19 acres and features a 5,891 sq. ft. single-level lodge-style residence with 6 bedrooms and 4.5 bathrooms, designed to capture sweeping mountain and lake views. The approximately two-acre stocked lake—expanded and fully lined with over $200,000 in improvements—serves as a striking centerpiece. Inside, the home offers a grand great room with soaring beamed ceilings and walls of glass, a chef-caliber kitchen, formal dining, and quality finishes throughout. The primary suite includes a fireplace and tranquil views, while en-suite guest rooms provide comfort and privacy. Wrap-around verandas and a resort-style pool and spa create seamless indoor-outdoor living. The grounds include a detached recreation building with a full-size racquetball court, pickleball court, shuffleboard, pool table, and game lounge. Additional features include leased solar, a flower-growing area, private go-kart track with hangar, and space suitable for equestrian use. The second parcel consists of approximately 32 acres with underground utilities and panoramic views, offering potential for a variety of uses, subject to buyer verification. Conveniently located approximately six miles to I-15, providing access to San Diego, Los Angeles and multiple regional airports. Casa Lago presents a rare opportunity to own a private lakefront estate in San Diego County.
Jan 24, 2014 Sold
Sold
Nov 26, 2013 Listed by CR Properties Real Estate $1,200,000
Listed by CR Properties Real Estate

Property Highlights

Air Conditioning

Building Info

Overview

    General

  • Year Built: 2004
  • Effective Year Built: 2004
  • Building Count: 1
  • Bedroom Count: 4
  • Bathroom Count: 6
  • Full Bathrooms: 5
  • Partial Bathrooms: 6
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 0
  • Exterior Walls Type: 0
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 7
  • Parking Space Count: 4
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 8
  • Location Influence Type: 224

    Dimensions

  • Lot Size Square Feet: 845,064
  • Total Building Area: 5,069
  • Building Area: 5,069
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 0
  • Heated Square Feet: 5,069
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000019400
  • Standard Land Use Code: 1001
  • County Land Use Code: 11
  • Legal Description 1: PAR 2 PAR D PER DOC01-680275 IN PAR 1& TR PM13002

Neighborhood

  • School District Name: Vallecitos Elementary School District
  • School Tax School District: FALLBROOK UNION
  • Census Tract: 019108

Zoning

  • Zoning: A70

Geography

  • Assessors Map Reference: PM13002
  • Subdivision Tract Number: 1013002
  • Parcel: 109-411-22-00
  • Municipality: VALLECITOS
  • Latitude: 33.4142
  • Longitude: -117.109

    Address

  • Full Address: 7051 Mount Olympus Dr
  • Address - House Number: 7051
  • Address - Street Name: Mount Olympus
  • Address - Suffix Type: Dr
  • State: CA
  • City Name: Fallbrook
  • Carrier Code: R002
  • 4-Digit Zip Code: 8092
  • Zip Code: 92028

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $1,736,868
  • Tax Rate Code Area: 93-035

    Appraisal Valuation

  • Standard Deviation: 0.1612
  • Valuation Date: Jan 27, 2024
  • Confidence Score: 79
  • Final Value: 2,063,693
  • High Value: 2,396,405
  • Low Value: 1,730,981

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $1,566,492
  • Assessed Land Value: $474,093
  • Assessed Improvements Value: $1,092,399

    Sales

  • Current Sale Contract Date: Dec 13, 2016
  • Current Sale Recording Date: Jan 09, 2017
  • Current Sale Price:
  • Current Sale Document Type: 36
  • Current Sale Input Document Number: 2017-0011447
  • Previous Sale Recording Date: Jan 24, 2014
  • Previous Sale Contract Date: Dec 11, 2013
  • Previous Sale Amount: $1,100,000
  • Previous Sale Document Type: 36
Data used for valuation calculations is provided by RealtyHop, and other third party sources

Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes

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Frequently Asked Questions

When was property at 7051 Mt Olympus Drive built and last sold?
The property at 7051 Mt Olympus Drive was built in 2004 and last sold on Dec 13, 2016 for $1,325,000.
How much is this home worth?
The estimated value of the home located at 7051 Mt Olympus Drive is $3,636,000.
What are some comparable homes to 7051 Mt Olympus Drive?
There are currently no comparable homes to 7051 Mt Olympus Drive.