This charming single-story property located on a peaceful cul-de-sac in the desirable Capra Ranch community offers 3 beds, 3 baths, and 2,190 SqFt of well-designed living space, situated on approximately 1.5 acres of fully usable land in the heart of Fallbrook. Just steps away from the main home, a detached 330 SqFt studio provides incredible potential for an ADU or guest house conversion, ideal for multi-generational living, rental income, a private workspace, recreation room and more! This home features a warm and inviting family room with a cozy fireplace, a spacious kitchen with granite countertops, stainless steel appliances, eat-in dining area, and sliding doors that lead to the rear patio. The primary ensuite includes a dual sink vanity, 2 walk-in closets, and direct access to the backyard. A formal dining room offers additional space for entertaining. The outdoor area is a true entertainer's dream, complete with a pool & spa, outdoor kitchen & bar with patio cover, and expansive patio space. Equestrian enthusiasts will appreciate the pipe stall, tack room, arena and separate gated entrance. Additional highlights include a 2-car garage, detached 875 SqFt workshop with 140 amp service panel and 240V & 120V circuits, solar system with Tesla battery backup, whole house water filtration system, reverse osmosis at the kitchen sink, RV & boat parking, private gated driveway, full fencing, irrigation system, lush gardens and mature fruit trees. With room to grow and an array of lifestyle amenities, this exceptional property offers privacy, flexibility & endless potential!