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Escape to your own private oasis in the scenic hills of Fallbrook! This exceptional 4.99-acre property offers a rare combination of privacy, breathtaking panoramic views, existing improvements, and incredible future potential. Whether you're dreaming of building a custom estate, creating a family compound, establishing a boutique farm, or simply enjoying peaceful country living, this property is ready to inspire. A Rainbow Municipal Water District meter is already connected, providing one of the most valuable improvements for future development. The property also includes an existing travel trailer, powered by its own solar system, allowing you to comfortably enjoy the land while planning your future home. Electricity is conveniently located nearby for future connection. One of the property's most unique features is that it consists of two legal lots within a nearly 5-acre parcel, offering exceptional flexibility and future potential. The upper lot features an expansive, mostly level homesite with sweeping valley and mountain views—the perfect canvas for your dream home. The lower lot provides additional usable space for a guest home, agricultural use, recreation, or other possibilities, subject to buyer investigation and county requirements. Currently zoned A70, the property offers flexibility for a variety of residential, agricultural, equestrian, and investment opportunities. Conveniently located just minutes from Interstate 15, Old Highway 395, shopping, restaurants, wineries, and all that Fallbrook has to offer, you'll enjoy the perfect balance of peaceful rural living without sacrificing accessibility. Properties offering municipal water, existing improvements, spectacular views, and nearly 5 acres in this location are increasingly hard to find. Come experience the possibilities for yourself.