Welcome to your serene mid-century modern retreat in the heart of Fallbrook! This charming single-story home offers 3 bedrooms, 2 bathrooms, and 1,943 sq. ft. of living space, situated on a spacious 0.65-acre lot of flat, usable land, plus an additional 1 bed, 1 bath detached guest house/ADU—ideal for rental income or multi-generational living. Step inside to find a cozy living room with stunning wood ceilings and a classic brick fireplace. The kitchen is equipped with stainless steel appliances and granite countertops, while the additional family room boasts new porcelain floors, a gas fireplace, and easy access to the primary ensuite. The newly updated primary bathroom features a dual-sink vanity and an expansive shower. Step outdoors and discover a private paradise with endless features! Enjoy a hobby farm with secure animal pens, an orchard with assorted stone fruits, citrus, apple, mulberry, dragon fruit, and bananas, and lush landscaping with mature trees, tropical patios, custom palapas, and vibrant flowering plants. Relax by the Koi pond, unwind in the hot tub on the large deck, or entertain friends at the built-in BBQ and bar. Multiple patios with covers and sitting areas offer a perfect blend of sun and shade. With ample open space, this property offers excellent potential for a detached garage, workshop, second guest house/ADU, pool or even a horse corral. Additional features include a new roof on both the main house and guest house, a solar system and storage shed. All within walking distance to Fallbrook Village, with its charming shops, dining options, and just a mile from the scenic Santa Margarita River Trail Preserve. This exceptional property is a must-see and is truly a one-of-a-kind gem!