Seize this rare investment opportunity in the picturesque hills of Fallbrook! Spanning 23.22 acres across two parcels (21.39 acres & 1.87 acres), this exceptional property offers endless development potential. Preliminary planning indicates the possibility of subdividing into six estate-style homesites, making it a prime choice for builders, developers, or those seeking a private compound with breathtaking views. Key features include a 2-inch installed water meter and a historically high-producing well (previously yielding 250 GPM), though currently non-operational. Environmental studies and reports are complete, providing a streamlined path for development. The property presents multiple premier homesite options, each capturing sweeping views of the mountains and the lush Pala Mesa Golf Course. All utilities are conveniently available at the street. This is a rare chance to create a stunning residential enclave in one of Southern California’s most sought-after locations. Site plans available upon request!