EQUESTRIAN PROPERTY-17.23 acres on 2 legal parcels hold a unique opportunity of owning a first-class equestrian estate. See Supplemental for additional information - A must see property - great offerings and expansion potential! Neighborhoods: Capra Ranch Equipment: Fire Sprinklers, Garage Door Opener, Pool/Spa/Equipment, Range/Oven, Satellite Dish Other Fees: 0 Sewer: Septic Installed Topography: LL, RSLP, GSL,
Single-familyProperty Type
1986Year Built
17.23 acresLot Size
$422Est. Price/Sq.Ft.
3 garage spacesParking
Listed by Beth Ford•DRE #01363166
Bought with Joe Violi•DRE #01399733• RE/MAX By The Sea
EQUESTRIAN PROPERTY-17.23 acres on 2 legal parcels hold a unique opportunity of owning a first-class equestrian estate. See Supplemental for additional information - A must see property - great offerings and expansion potential!
Formerly part of the Olive Grove Ranch owned by legendary Hollywood Producer, Mr. Frank Capra, best known for his feature film hit "It's a Wonderful Life". In fact, many of the Capra Ranch Olive Trees remain in areas on the property today. This unique property offers approx. 17.23 acres on 2 legal parcels and holds an inimitable opportunity of owning a first-class equestrian estate. With its private gated entry and views of lush, expansive pastures and shady tree-lined drive, hints a bit of a calm, peaceful Kentucky-style allure that presents an attractive custom, single-level California ranch-style hacienda w/4 bedrms, 4.5 baths, 3-car garage, large gourmet kitchen/nook, formal dining rm, formal living rm, great rm/family rm with billiard area and walk-up bar, an executive office/study, exceptionally large master bedrm with sitting rm and fireplace and master bath with his/her closets and more. Separate wing hosts a living rm parlor with 3-splendidly large bedrms and 2-baths. Equine facilities includes a 4-stall barn w/tack room, wash rack, detached over-sized hay barn w/small foreman’s quarters, corrals, a lite arena w/viewing stand for night riding and round pen. In addition, there is a NEW WELL on the property complete and is fully operational. This is a HUGE plus when owning a property this size. Additional amenities include a rock waterfall pool/spa and plenty of area to ride horses on the property! KEYNOTE the LOCATION!..LESS than 2 miles from I-15 and minutes to San Luis Rey Training Center and to downtown Fallbrook! This property has many unique attributes with great expansion possibilities -truly a rare, one-of-a-kind find in Fallbrook!
SDMLS #130007554
Sep 30, 2014
Listing Removed
—
Sep 29, 2014
Listing Removed
—
Oct 23, 2013
Price Changed
$1,995,000
$302/sq ft
Feb 13, 2013
Listed
$2,395,000
$362/sq ft
Feb 12, 2013
Listed
$1,995,000
$302/sq ft
SDMLS #120009447
Nov 13, 2012
Listing Removed
—
Nov 13, 2012
Listing Removed
—
Jul 26, 2012
Price Changed
$2,495,000
$378/sq ft
Feb 20, 2012
Listed
$2,795,000
$423/sq ft
Feb 20, 2012
Listed
$2,495,000
$378/sq ft
SDMLS #100026146
Jul 1, 2011
Listing Removed
—
Jun 30, 2011
Listing Removed
—
Apr 30, 2010
Listed
$2,950,000
$446/sq ft
Apr 30, 2010
Listed
$2,950,000
$446/sq ft
CRMLS #90002890
Jul 14, 2009
Listing Removed
—
Jul 14, 2009
Listing Removed
—
Jan 14, 2009
Listed
$3,500,000
$530/sq ft
Jan 14, 2009
Listed
$3,500,000
$530/sq ft
CRMLS #81003759
Jan 13, 2009
Listing Removed
—
Jan 13, 2009
Listing Removed
—
Jan 13, 2007
Listed
$3,500,000
$530/sq ft
Jan 13, 2007
Listed
$3,500,000
$530/sq ft
SDMLS #71028298
Dec 31, 2007
Listing Removed
—
Dec 31, 2007
Listing Removed
—
Apr 4, 2007
Listed
$3,500,000
$530/sq ft
Apr 4, 2007
Listed
$3,500,000
$530/sq ft
Year
Property tax
Land + Additions
Assessment*
2025
$18,250 (+2.4%)
$398,409 + $1,327,018
$1,725,427
2024
$17,821 (+2.9%)
$390,598 + $1,300,999
$1,691,597
2023
$17,320
$382,940 + $1,275,490
$1,658,430
2022
$17,329 (+3.5%)
$375,432 + $1,250,481
$1,625,913
2021
$16,746 (−0.8%)
$368,071 + $1,225,962
$1,594,033
2020
$16,878 (+2.0%)
$360,854 + $1,201,924
$1,562,778
2019
$16,542 (+1.5%)
$357,154 + $1,189,600
$1,546,754
2018
$16,293 (+2.0%)
$350,151 + $1,166,275
$1,516,426
2017
$15,975 (+2.5%)
$336,555 + $1,120,988
$1,457,543
2016
$15,581 (+1.3%)
$336,555 + $1,120,988
$1,457,543
2015
$15,387 (+50.3%)
$329,956 + $1,099,008
$1,428,964
2014
$10,237 (+1.1%)
$159,193 + $782,496
$941,689
2013
$10,127 (+1.0%)
$159,193 + $782,496
$941,689
2012
$10,029 (+2.4%)
$158,474 + $778,960
$937,434
2011
$9,797 (+1.9%)
$155,367 + $763,687
$919,054
2010
$9,619 (+1.0%)
$152,321 + $748,713
$901,034
2009
$9,523 (+1.8%)
$151,183 + $743,118
$894,301
2008
$9,351
$151,543 + $744,884
$896,427
Tax history for 1082 Capra Way
Year
Property tax
Land + Additions
Assessment*
2025
$18,250 (+2.4%)
$398,409 + $1,327,018
$1,725,427
2024
$17,821 (+2.9%)
$390,598 + $1,300,999
$1,691,597
2023
$17,320
$382,940 + $1,275,490
$1,658,430
2022
$17,329 (+3.5%)
$375,432 + $1,250,481
$1,625,913
2021
$16,746 (−0.8%)
$368,071 + $1,225,962
$1,594,033
2020
$16,878 (+2.0%)
$360,854 + $1,201,924
$1,562,778
2019
$16,542 (+1.5%)
$357,154 + $1,189,600
$1,546,754
2018
$16,293 (+2.0%)
$350,151 + $1,166,275
$1,516,426
2017
$15,975 (+2.5%)
$336,555 + $1,120,988
$1,457,543
2016
$15,581 (+1.3%)
$336,555 + $1,120,988
$1,457,543
2015
$15,387 (+50.3%)
$329,956 + $1,099,008
$1,428,964
2014
$10,237 (+1.1%)
$159,193 + $782,496
$941,689
2013
$10,127 (+1.0%)
$159,193 + $782,496
$941,689
2012
$10,029 (+2.4%)
$158,474 + $778,960
$937,434
2011
$9,797 (+1.9%)
$155,367 + $763,687
$919,054
2010
$9,619 (+1.0%)
$152,321 + $748,713
$901,034
2009
$9,523 (+1.8%)
$151,183 + $743,118
$894,301
2008
$9,351
$151,543 + $744,884
$896,427
*Taxable value of land and structures on it ("additions") is determined regularly by local assessors and does not affect market price.
Public record
Public record
Zoning
Beds
4
Baths
5
Stories
—
Lot width
—
Lot depth
—
Lot size
4.47 Acres
Year renovated
1986
Sq. Ft.
6,607
Year built
1986
Style
Single Family Residential
County
San Diego County
APN
1056804900
Parking Spaces
—
Basement
—
Accessible
—
HOA Dues
—
Garage
—
Features
—
Last updated by owner on Aug 20, 2026.
A70
Limited Agricultural Zone
The A70 Use Regulations are intended to create and preserve areas intended primarily for agricultural crop production. Additionally, a limited number of small farm animals may be kept and agricultural products raised on the premises may be processed.
Typically, the A70 Use Regulations would be applied to areas throughout the County to protect moderate to high quality agricultural land.