Real estate like this does not become available often. Developers/ Builders/ Equestrians pay attention! Completely usable 3.8 acres of land w/ an income generating home in prime Fallbrook location. Excellent access from S. Mission Rd. and the north side of the parcel off Buena Suerte. Incredible infill opportunity zoned as Fallbrook Village Residential (VR-2)/ A70 agriculture/ L animal designation + sewer connection, SDGE/ City Water/ AND a natural spring water well that could irrigate the entire property. The options are endless- would easily fit 7-8 single family homes at 0.5 acres per lot + density bonus? + ADUs?. Build your dream horse property or subdivide/build/develop and sell for a profit. Additional 20 X 60 barn could be utilized for horses/storage/ADU. Established neighborhood and luxury gated community border this prime piece of real estate. Existing home has updated electrical and plumbing and is rented for $3100/month between two tenants. Generate some income while making your plans for the future. Now is the time to take action!