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40463 Melrose Drive, Temecula, California 92591, Temecula, 92591 - 2 bed, 3 bath

40463 Melrose Drive, Temecula, California 92591 home-pic-0
ACTIVE$509,900$1,387/sqft
40463 Melrose Drive, Temecula, California 92591
2Beds
3Baths
1,387Sqft
Lot

Price Vs. Estimate

Estimation data not available

Key pros and cons

Top Pros:
Brand New Construction & Modern Design: Built in 2025, this tri-level condo is move-in ready with a bright, open-concept design, offering contemporary living without immediate renovation needs.
Top Cons:
Recently Sold Property: The property was recently sold within the past year on 2025-06-27. The sold price is $533,000.00.

Compared to the nearby listings

Price:$509.9K vs avg $616.5K ($-106,600)22%
Size:1,387 sqft vs avg 1,520 sqft22%
Price/sqft:$368 vs avg $39619%

More Insights

Built in 2025 (1 years old).
Condition: This property is a brand-new construction, built in 2025, and is move-in ready. The kitchen features stylish granite countertops, sleek gray cabinetry, and new stainless steel appliances. Bathrooms are modern with new vanities, fixtures, and tiling. New flooring is present throughout, and the property includes energy-efficient solar, washer, dryer, and refrigerators, indicating all components are new and meet current quality standards.
Year Built
2025
Close
-
List price
$510K
Original List price
$510K
Price/Sqft
$368
HOA
$280
Days on market
-
Sold On
-
MLS number
IV26011486
Home ConditionExcellent
Features
Deck
ViewNeighborhood

About this home

Welcome to 40463 Melrose Dr in the highly desirable Heirloom Farms community of Temecula. This move-in-ready, 2025-built tri-level condo offers 2 spacious bedrooms, 2.5 baths, and a bright open-concept design perfect for modern living and entertaining. Stylish upgrades include granite countertops, sleek gray cabinetry, new flooring, custom window treatments, and fully paid solar for energy efficiency. Both bedrooms feature private en-suite bathrooms, with the primary suite showcasing a walk-in closet, dual vanity, and private balcony. Additional highlights include an epoxy-finished 2-car garage and included washer, dryer, and two refrigerators. Ideally located near Lake Harveston, Temecula’s renowned wineries, dining, shopping, great schools, and easy access to I-15. Residents enjoy resort-style amenities including a pool, spa, clubhouse, BBQ areas, parks, and a zipline. An exceptional opportunity to enjoy elevated living in the heart of Temecula.

L
LORRAINE D'SOUZA
Listing Agent

Price History

Date
Event
Price
06/27/25
Sold
$533,000
Condition Rating
Excellent
This property is a brand-new construction, built in 2025, and is move-in ready. The kitchen features stylish granite countertops, sleek gray cabinetry, and new stainless steel appliances. Bathrooms are modern with new vanities, fixtures, and tiling. New flooring is present throughout, and the property includes energy-efficient solar, washer, dryer, and refrigerators, indicating all components are new and meet current quality standards.
Pros & Cons

Pros

Brand New Construction & Modern Design: Built in 2025, this tri-level condo is move-in ready with a bright, open-concept design, offering contemporary living without immediate renovation needs.
Premium Interior Upgrades & Inclusions: Features stylish upgrades including granite countertops, sleek gray cabinetry, new flooring, custom window treatments, and includes a washer, dryer, and two refrigerators for added value.
Energy Efficiency: Equipped with a fully paid solar system, significantly reducing utility costs and promoting sustainable living.
Exceptional Community Amenities: Residents enjoy resort-style amenities such as a pool, spa, clubhouse, BBQ areas, parks, and even a zipline, enhancing the lifestyle appeal.
Desirable Location & Accessibility: Ideally located near Lake Harveston, Temecula's renowned wineries, dining, shopping, top-rated schools, and offers easy access to I-15.

Cons

Recently Sold Property: The property was recently sold within the past year on 2025-06-27. The sold price is $533,000.00.
Monthly Association Fees: The $280 monthly association fee is a recurring cost that adds to the overall homeownership expenses.
Tri-Level Layout: The tri-level design, while offering distinct living zones, involves multiple staircases which may not suit all buyers, particularly those with mobility concerns or young children.
Limited Private Outdoor Space: As a condo, the property likely offers limited private outdoor space beyond the primary suite's private balcony, which may not appeal to buyers seeking a larger yard.
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