40815 Melrose Drive, Temecula, California 92591, Temecula, 92591 - 3 bed, 3 bath
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Temecula, California 92591
This Modern 2023 Construction is a Strong Value Opportunity, listed at $595,000—positioned well below the $659,931 Fair Market Value by 9%. This valuation gap offers $64,931 in Instant Equity for the buyer. Featuring an Excellent Condition Rating, this home includes a flexible downstairs office, plantation shutters, and access to resort-style amenities like a pool and spa. Located in the Temecula Unified district, it is an ideal acquisition for Owner-Occupants or first-time buyers seeking a turnkey, high-lifestyle residence.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 40815 Melrose Drive Subject | $585,000* 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 28291 Via Garnicia Sold | $626,000 | 3 | 3 | 1,520 | $412 | 0.2 mi |
F 28308 Via Moscotel Sold | $624,000 | 3 | 3 | 1,520 | $411 | 0.2 mi |
G 40775 Melrose Drive Active | $584,900 List Price | 3 | 3 | 1,698 | $344 | 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 falls well within the <10-year age bracket for an excellent rating. The kitchen and bathrooms feature modern, high-end finishes including white shaker cabinetry, quartz countertops, and contemporary tile work. Systems such as the HVAC, electrical, and the included solar system are nearly new, ensuring no immediate maintenance is required.
As a nearly new build, the home features contemporary design elements, energy-efficient systems, and high-end finishes like plantation shutters and a stylish kitchen backsplash.
The inclusion of a dedicated downstairs office provides significant versatility, offering the potential to serve as a fourth bedroom, guest room, or professional workspace.
Located in Heirloom Farms, the property grants access to resort-style facilities including a pool, spa, parks, and trails, enhancing the overall lifestyle value for residents.
The solar system is leased rather than owned, requiring the buyer to assume monthly payments and potentially complicating the financing or transfer process.
The $280 monthly association fee increases the total cost of ownership and subjects the resident to condominium-specific restrictions and regulations.
Welcome to 40815 Melrose Dr — a place that instantly feels like home the moment you walk in. Located in the beautiful Heirloom Farms community in the heart of Temecula, this thoughtfully designed home offers 3 bedrooms plus a downstairs office with potential to be a 4th bedroom, 2.5 bathrooms, and 1,698 sq ft of comfortable living space. From the charming front patio, imagine enjoying your morning coffee or relaxing at sunset, to the private upstairs balcony offering an additional space to unwind. Inside, you'll appreciate the warmth and character created by plantation shutters throughout, an inviting open-concept layout perfect for everyday living and entertaining, and a stylish kitchen featuring a beautiful backsplash that ties the space together. The downstairs office provides flexibility for today’s lifestyle—ideal for a home office, guest room, playroom, or potential extra bedroom. Additional features include an attached 2-car garage and a leased solar system for added energy efficiency. Beyond the home itself, you'll love being part of Heirloom Farms, a beautiful newer community offering incredible amenities including a resort-style pool and spa, walking trails, parks, and gathering spaces designed for an active and connected lifestyle. Located in one of Temecula’s most desirable areas with great schools and just minutes from shopping, dining, entertainment, and everything Temecula has to offer, this home combines comfort, convenience, and community all in one place. This is more than just a house — it’s a place to create memories and truly call home.
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 | 81% |
| Lot Size | - | 3,500 | 24% |
| Price | $585.0K | $619.0K | 24% |
| Price per sq ft | $345 | $405 | 14% |
| Built year | 2023 | 2025 | 22% |
| HOA | $280.0 | $267 | 78% |
| Days on market | 26 | 187 | 3% |
Jun 5, 2026
$585,000
$595,000
-2% Price Drop
Initial Listing
May 19, 2026
$595,000
Initial Listing