Lot/land

Listing Provided by: LPT Realty

Price cut: $500K (1/27)

$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

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!

325 days

98

0

Facts & features

Interior

Video & virtual tour

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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: 325 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

Estimated monthly payment

All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.

HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.

Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.

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