3508 Vista Corona

3508 Vista Corona

Dbottom 20%

Fallbrook, CA 92028

$2,099,000

Pass at asking: -$11,660/mo full cashflow at 20% down, 7.36% rate.

Works at $573,331 (73% under asking); even all cash loses money at asking.

Rent $5,690/mo from 6 leases of 4–6 bed houses in 92028 ($5,244–$5,870).

Beds

5

Baths

5

Sqft

4,122

Year Built

2002

Days on Market

150

Property Type

Single Family

HOA/mo

N/A

MLS ID

SW26116914

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

About This Property

Perched upon one of the most coveted hilltops, this extraordinary gated estate captures what may be the most breathtaking panoramic valley views in all of Fallbrook. A rare combination of luxury, privacy, and resort-style living, this extensively upgraded property has been thoughtfully enhanced with nearly $280,000 in improvements and amenities designed to elevate every aspect of daily life. The main residence showcases an open-concept plan filled with natural light and framed by spectacular views from nearly every room. At the heart of the home is a beautifully remodeled chef's kitchen featuring premium appliances, high-end finishes, and seamless flow into the living, dining, and family rooms, creating an ideal environment entertaining and everyday living. Upgraded Anderson windows and Milgard sliders further enhance the home's connection to its stunning surroundings. The primary suite serves as a private sanctuary, offering sweeping views of the valley and resort grounds, a spacious retreat, an expansive walk-in closet, and a luxurious spa-inspired bathroom that has been thoughtfully renovated with premium finishes and fixtures. Beyond the main residence, the estate unfolds into a collection of exceptional indoor and outdoor spaces. A detached ADU provides complete independence with its own living room, dining area, kitchen, and full bathroom, making it ideal for guests, extended family, or multi-generational living. Additional detached structures include a dedicated recreation room and a private yoga/exercise studio. Designed to rival a private resort, the grounds feature a stunning infinity-edge pool and spa overlooking the valley below, an outdoor kitchen and barbecue area, multiple gathering spaces, and a freestanding pergola anchored by a cozy outdoor fireplace. Mature landscaping, extensive fencing, gated access, and thoughtful site planning create a remarkable sense of privacy while preserving the property's commanding views. Additional highlights include SOLAR, RV PARKING, upgraded bathrooms throughout, remodeled fireplaces, new pool equipment including pumps, heaters, lighting and tile, two storage out-buildings, and extensive property improvements that reflect true pride of ownership. This is a rare opportunity to own one of Fallbrook's premier view properties--an exceptional estate where luxury, comfort, and unforgettable scenery come together in perfect harmony. Welcome Home!

Mortgage Calculator

Est. Monthly Payment

$14,292

Principal & Interest$11,581
Property Tax$2,099
Insurance$612
%($419,800)
%
Loan Term

Location

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Zoned Schools

  • Elementary

    La Paloma Elementary · grades K-6 · Fallbrook Union Elementary

  • Middle

    James E. Potter Intermediate · grades 7-8 · Fallbrook Union Elementary

  • High

    Fallbrook High · grades 9-12 · Fallbrook Union High

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

1D
Est. Monthly Rent
$5,690

6 leases of 4–6 bed houses in 92028 · $5,244–$5,870

Monthly Cashflow

Rent − PITIA

-$8,602
Full Cashflow

Incl. vacancy, PM, maint, capex

-$11,660

What would make this work?

$11,660/mo short at 20% down; +$15,142/mo rent closes it.

Break-even price

73% under asking

$573,331
Break-even rent

$15,142/mo above the estimate

$20,832/mo
Cashflow at 35% down
−$9,488/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)
$11,581
Cap Rate
0.12%
Cash-on-Cash
-33.33%
DSCR

Need ≥ 1.25 for DSCR loan

0.40

NOI (Annual)
$2,468
Price-to-Rent

Lower = better for investors

30.7

* 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−$11,660/mo