Listed by Thomas Stewart, Real Brokerage Technologies, (855) 450-0442
3309 San Rey Ln
Fallbrook, CA 92028
(on 27 acres)
Local Information
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Description
Rancho Viejo – Premier Development Opportunity Cost-Efficient, and Market-Aligned Key Investment Highlights Approvals Secured – Full County scoping letter and Fire District agreements in place Phased Development – Reduced upfront costs with optimized two-phase buildout $10M+ in Cost Savings – Modular construction, grading optimizations, and road design efficiencies Strong Rental Demand – By-right ADUs/J-ADUs in a high-growth Southern California corridor Project Advantages 1. Flexible Land Use Designations - Active Use Open Space: Permits clubhouses, trails, recreation, and water features - Passive (Restorative) Use: Allows grading/development with approved landscape restoration—resolving prior ownership’s roadblocks 2. Accelerated & Deferred Costs - Emergency Road Approval: Secondary access downgraded from primary road standards, cutting $2M+ in initial costs - Phase 2 Deferrals: Fire Dept. approved delaying full emergency road buildout, accelerating Phase 1 (29 lots) 3. Optimized Site Engineering - Grading Plan: Reduced import volumes while expanding usable yard space via elevated home pads - Modular Construction: Approved for 30% faster vertical build, with modern-rustic designs and covered parking integration 4. Lower Infrastructure Costs - Santa Luz-Inspired Roads: Drought-tolerant, fire-resistant landscaping with reduced sidewalk/street expenses - Traffic Study vs. Full Road Build: $500K+ savings vs. original secondary access requirements 5. High-Demand Rental Model - ADU/J-ADU Inclusion: Projects premium rents using tri-county (Orange/San Diego/Riverside) comps - Proven Precedent: Maintenance/design benchmarks from award-winning Santa Luz/Cielo communities 6. Risk-Mitigated Execution - Geotech Complete: Keller ground-improvement plan locked - Top-Tier Team: Design/engineering leads with regional success track records --- Why Invest Now? Approvals in Hand – No entitlement delays Cost Certainty – $6M+ savings already engineered into plan SoCal Housing Shortfall – ADU-friendly project meets urgent rental demand Exit Flexibility – Build-to-sell or hold as cash-flowing rental portfolio Attachments: Pro forma, grading/road plans, modular design renderings **Next Steps:** Let’s discuss capital structure and pre-sales strategy—this asset won’t last.
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Home Highlights
Parking
No Info
Outdoor
No Info
HOA
None
Price/Sqft
No Info
Listed
180+ days ago
Home Details for 3309 San Rey Ln
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View Has a ViewView: Hills, Trees/Woods |
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Frontage Not on Waterfront |
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Cumulative Days on Market: 431Days on Market: 180+ |
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Property Type / Style Property Type: LandProperty Subtype: Unimproved Land |
Property Information Parcel Number: 1253010100 |
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Price List Price: $6,750,000 |
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MLS Status: Active |
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Direction & Address City: Bonsall |
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Listing Agent Listing ID: NDP2509253 |
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Community Features: Ravine, Storm Drain(s)Not Senior Community |
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Association for this Listing: California Regional MLS (North San Diego County & Pacific Southwest AORs)HOA Fee: No HOA Fee |
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Lot Area: 27 Acres |
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Special Conditions: Notice Of Default |
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Listing Terms: Cash, 1031 Exchange |
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Mls Number: NDP2509253Living Area Range Units: Square FeetAttribution Contact: soldbystewart@gmail.comUniversal Property Id: US-06073-N-1253010100-R-N |
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RavineStorm Drain(s)Source Internet Entire Listing Display |
Last check for updates: about 2 hours ago
Listing Provided by: Thomas Stewart DRE #02028301
Real Brokerage Technologies
Originating MLS: California Regional MLS (North San Diego County & Pacific Southwest AORs)
Source: CRMLS, MLS#NDP2509253

Also Listed on CRMLS.
Market trends in Fallbrook
Last updated May 2026
Avg. sale price
$893K
$8.75KMoM
Sale-to-List Price
99.6%
Price per sq ft
$421
$1MoM
Available listings
275
14MoM
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These are the assigned schools for 3309 San Rey Ln.
What Locals Say about Fallbrook
At least 231 Trulia users voted on each feature.
83 % Say car is needed
81 % Say it's dog friendly
79 % Say parking is easy
77 % Say there's holiday spirit
73 % Say yards are well-kept
67 % Say it's quiet
63 % Say there's wildlife
59 % Say neighbors are friendly
58 % Say people would walk alone at night
54 % Say they plan to stay for at least 5 years
53 % Say kids play outside
46 % Say there are sidewalks
43 % Say it's walkable to grocery stores
41 % Say it's walkable to restaurants
39 % Say there are community events
33 % Say streets are well-lit
Sourced by Trulia users. Learn more about our methodology.
LGBTQ Local Legal Protections
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Thomas Stewart, Real Brokerage Technologies

The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.
Based on information from California Regional Multiple Listing Service, Inc. as of 2026-02-09 09:51:42 PST and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information
Based on information from California Regional Multiple Listing Service, Inc. as of 2026-02-09 09:51:42 PST and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information
3309 San Rey Ln, Fallbrook, CA 92028 is a lot/land. This property is currently available for sale and was listed by CRMLS on Sep 20, 2025. The MLS # for this home is MLS# NDP2509253.

