40775 Melrose Drive, Temecula, California 92591, Temecula, 92591 - 3 bed, 3 bath
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Temecula, California 92591
This Modern 3-Story Condominium is a Strong Value Opportunity, listed at $595,000—positioned well below the $667,684 Fair Market Value by 10%. This valuation gap offers $72,684 in Instant Equity for the buyer. Built in 2023, the property maintains an Excellent Condition Rating, featuring Paid Solar, a Private Patio, and a Versatile Den. Located in the Temecula Unified district, this turnkey home is an ideal acquisition for Owner-Occupants seeking modern efficiency or first-time buyers prioritizing lifestyle and long-term value.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 40775 Melrose Drive Subject | $584,900* List Price | 3 | 3 | 1,698 | $350 | - |
A 28285 Via Garnicia Sold | $691,500 | 3 | 3 | 1,647 | $420 | 0.2 mi |
B 28319 Via Moscotel Sold | $690,500 | 3 | 3 | 1,647 | $419 | 0.2 mi |
C 28300 Via Moscotel Sold | $675,000 | 3 | 3 | 1,647 | $410 | 0.2 mi |
D 28274 Via Garnicia Sold | $635,000 | 3 | 3 | 1,520 | $418 | 0.2 mi |
E 28550 Via Prago Sold | $620,000 | 3 | 3 | 1,520 | $408 | 0.3 mi |
F 28389 Via Solero Sold | $624,000 | 3 | 3 | 1,520 | $411 | 0.2 mi |
G 40815 Melrose Drive Active | $595,000 List Price | 3 | 3 | 1,698 | $350 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
Built in 2023, this property is in mint condition and well within the <10-year age bracket for an excellent rating. It features a modern kitchen with a large island and stainless steel appliances, contemporary LVP flooring, and updated systems including energy-efficient paid solar.
Built in 2023, this contemporary home includes fully paid solar panels, providing significant utility cost savings and the peace of mind that comes with nearly new construction.
The thoughtful three-story design features a flexible first-floor den—ideal for a home office or gym—and an open-concept main level that maximizes the 1,698 square feet of living space.
Situated in the desirable Heirloom Farms community, residents enjoy resort-style amenities and close proximity to the Temecula Promenade Mall, Wine Country, and easy freeway access.
The three-story condominium structure requires frequent stair climbing, which may be a drawback for buyers with mobility concerns or those seeking a more traditional single-level flow.
Despite its excellent location, the property is noted as having no specific views, which may be a disadvantage for buyers looking for the vineyard or mountain vistas common in the Temecula area.
Welcome to your dream home in the highly sought-after Heirloom Farms community of Temecula! This beautifully designed 3-story condo offers the perfect blend of modern style, comfort, and convenience with 1,698 square feet of thoughtfully designed living space, 3 spacious bedrooms, and 2.5 baths. From the moment you enter, you’ll appreciate the versatile first-floor den — ideal as a home office, gym, playroom, or additional lounge space — complete with sliding glass doors leading to a private patio. Upstairs, the heart of the home awaits with a bright and open-concept living area perfect for entertaining. The stunning kitchen features a large center island, pantry, abundant cabinetry, and seamless flow into the family room, while a private balcony provides the perfect spot to relax and unwind. The third level offers three generously sized bedrooms, including a comfortable primary suite, two full bathrooms, and the convenience of an upstairs laundry area. Stylish LVP flooring enhances the main living spaces, while plush carpeting adds warmth and comfort to the bedrooms. This energy-efficient home also includes PAID solar, helping you save on utility costs year-round. Residents of Heirloom Farms enjoy exceptional community amenities including a sparkling pool, relaxing spa, barbecue area, and playgrounds. Perfectly located just minutes from Temecula’s best attractions — including Temecula Promenade Mall, renowned Wine Country, Pechanga Resort Casino, shopping, dining, and entertainment — with easy freeway access for commuters. This is more than just a home — it’s a lifestyle. Come experience all that this incredible Temecula condo has to offer!
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 3.0 | 50% |
| Baths | 3.0 | 3.0 | 50% |
| Square foot | 1,698 | 1,520 | 79% |
| Lot Size | - | 3,500 | 29% |
| Price | $584.9K | $619.0K | 26% |
| Price per sq ft | $344 | $403 | 13% |
| Built year | 2023 | 2025 | 24% |
| HOA | $331.85 | $267 | 82% |
| Days on market | 24 | 186 | 3% |
May 28, 2026
$584,900
$595,000
-2% Price Drop
Initial Listing
May 13, 2026
$595,000
Initial Listing
Nov 27, 2023
$554,000
Public Record