823 Rice Canyon Rd Fallbrook, CA 92028

Set on nearly five acres (4.84) of usable land, this versatile horse ranch offers endless potential and exceptional value in the land itself. The property features 3 bedrooms plus a large additional sunroom/bonus bedroom, providing flexible living space to suit a variety of needs. Front and rear patios create inviting spaces to relax or entertain, while multiple storage areas and a dedicated workshop add everyday functionality. Designed with equestrian enthusiasts in mind, the ranch is equipped with horse facilities including large paddocks, 6 spacious stalls, and a 3 section pasture ideal for slow work and strength development. The grounds are beautifully tree-shaded with drought-resistant, low-maintenance landscaping, offering both privacy and sustainability. With no HOA and countless possibilities for customization or expansion, this property presents a rare opportunity for ranch living, training or investment. Conveniently located near Fallbrook Village, local shops and wineries, and just minutes from Pala Casino/Resort, the property also provides easy access to Temecula. Enjoy proximity to San Luis Rey Downs Training Center just 10 miles away, Del Mar Racetrack within 45 minutes and the beach only 30 minutes from home — delivering the perfect balance of rural serenity and Southern California convenience.