3264 Shearer Crossing

3264 Shearer Crossing

Dbottom 20%

Fallbrook, CA 92028

$4,200,000

Pass at asking: -$27,496/mo full cashflow at 20% down, 7.36% rate.

Works at $602,066 (86% under asking); even all cash loses money at asking.

Rent $5,976/mo from 6 leases of 4–6 bed houses in 92028 ($4,701–$5,262).

Beds

5

Baths

2

Sqft

3,313

Year Built

1985

Days on Market

309

Property Type

Single Family

HOA/mo

N/A

MLS ID

NDP2509791

This property is in Fallbrook (92028). Browse neighborhood analytics →

About This Property

A once-in-a-lifetime opportunity to own an exceptional 93-acre estate in the heart of Fallbrook with COVETED WATER RIGHTS TO THE SAN LUIS REY RIVER. First, the home is majestically Perched atop a hillside, an exquisitely crafted Pueblo estate capturing the essence of timeless elegance and serene countryside living. Framed by panoramic vistas of lush orchards, rolling valleys, and distant mountains, the residence is a masterclass in architectural thoughtful design. Step inside to discover a warm, inviting interior from hand-laid Saltillo tile and rich wood flooring to plush carpeting in select bedrooms, every detail has been curated for both comfort and views. The expansive layout features 5 generously sized bedrooms, two dedicated offices, and an airy loft. The heart of the home, a sun-drenched kitchen, boasts a picture window that perfectly frames the sprawling orchard views. Two wood burning fireplaces lend additional warmth and character to the living spaces, creating cozy retreats for every season. Step out to the backyard where a resort-style pool and spa invite year-round relaxation. Now lets talk about the land... This agricultural paradise with a water supply so abundant, it defies expectations boasting two high-producing wells and WATER RIGHTS TO THE SAN LUIS REY RIVER, providing a virtually limitless flow to sustain farming, equestrian dreams, or other developments. The water infrastructure is truly unmatched with Two 65-foot-deep wells with potential production of up to 1,000 GPM, currently one well operating at 340 GPM with 65 PSI; One well is powered by a 20HP submersible pump, the other by a diesel-driven line shaft turbine. Water delivery that spans the entire estate with ease and efficiency, including the house with a reverse osmosis system for potable water. The land is as rich and versatile as its water supply. Currently planted with 11 acres of mature orange trees (25+ years old), 25 acres of various producing avocado trees (ranging from 10 to 25+ years) and a vibrant variety of fruit trees, including mandarins, apples, persimmons, and peaches. Approximately 20 acres of flat, usable terrain present an open canvas for expansion—whether envisioning a world-class equestrian facility, a luxury private estate compound, or a potential luxury subdivision. Let your imagination run free!! Steeped in rich agricultural history, this land has been lovingly maintained by the same family whose legacy helped shape Fallbrook’s renowned citrus and avocado industry.

Mortgage Calculator

Est. Monthly Payment

$28,597

Principal & Interest$23,172
Property Tax$4,200
Insurance$1,225
%($840,000)
%
Loan Term

Location

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Zoned Schools

  • Elementary

    Bonsall Elementary · grades K-5 · Bonsall Unified

  • Middle

    Norman L. Sullivan Middle · grades 6-8 · Bonsall Unified

  • High

    Bonsall High · grades 9-12 · Bonsall Unified

The district's assigned schools for this parcel, from its attendance boundaries and rules. Boundaries change: confirm with the district before you buy.

Investment Score

0D
Est. Monthly Rent
$5,976

6 leases of 4–6 bed houses in 92028 · $4,701–$5,262

Blended 50/50 with the zip's market median ($6,850)

Monthly Cashflow

Rent − PITIA

-$22,621
Full Cashflow

Incl. vacancy, PM, maint, capex

-$27,496

What would make this work?

$27,496/mo short at 20% down; +$35,709/mo rent closes it.

Break-even price

86% under asking

$602,066
Break-even rent

$35,709/mo above the estimate

$41,685/mo
Cashflow at 35% down
−$23,151/mo
Down payment to break even

Negative even all-cash

Not reachable
Rate to break even

Negative even at a 0% loan

Not reachable

Mortgage (P+I)
$23,172
Cap Rate
-1.15%
Cash-on-Cash
-39.28%
DSCR

Need ≥ 1.25 for DSCR loan

0.21

NOI (Annual)
-$48,296
Price-to-Rent

Lower = better for investors

58.6

* Modelled at 20% down, 7.36% rate, 30yr · vacancy 8% · PM 10% · capex 5% · maintenance 1%/yr.

Estimates only. Not financial advice. Verify all figures independently with a licensed professional before making any investment decision.

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DCashflow−$27,496/mo