Unicorns like this do not often come along! Equestrians/Developers/ Builders pay attention! Completely usable 3.8 acres of land with 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 plus sewer connection, SDGE/ City Water/ AND a natural spring water well that could irrigate the entire property. The options are endless- build your dream horse property, raise animals and agriculture, or subdivide/build/develop and sell for a profit. Acreage would easily allow for 7-8 single family homes at 0.5 acres per lot plus density bonus + ADUs. 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 many electrical and plumbing updates, and was previously rented for $3800/month between 3 tenants. Property currently generates income of $2100/month. Move in, or rent out the remaining part of the home for income while making your plans for the future. Now is the time to take action!