2.45 acre parcel on Knoll Park Lane in Fallbrook. This beautiful property has a 360-degree view and was owned by the Fallbrook Water District from 1959 until just last year, otherwise it would have been developed many years ago, due to its beautiful setting. The lot had a comprehensive perc test done last year and recently received septic approval for a 4-BR home, and an ADU could easily be included. The water district already has water onsite, making for an easy meter installation. There is also already an SDGE easement and power pole. The property is completely fenced on 3 boundaries, with vehicle access. It also has easements along the main road for impressive driveway options. There is a center knoll sloping slightly in every direction with large usable areas. There are a few olive trees scattered throughout. This is a truly special "King-of-the-Hill" type of property. Close to town and close to Interstate 15, in beautiful Fallbrook. A park-like setting with refreshing breezes and spectacular views!