732 Merit Dr, San Marcos, California 92078, San Marcos, 92078 - 4 bed, 3 bath
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732 Merit Dr
San Marcos, California 92078
ACTIVE
CONDITION: EXCELLENT
4Beds
3Baths
2,471Sq Ft
3,445Lot Size
Property Price
LIST PRICE$1,119,900
EST. MARKET VALUE
$1,152,772
SUMMARY
This Turnkey Single Family Residence presents a Strong Value Opportunity, listed at $1,189,900—positioned well below the $1,218,521 Fair Market Value by 2%. This valuation gap offers $28,621 in Instant Equity for the buyer. Featuring a 2019-built construction with an Excellent Condition Rating, the home includes modern Apple HomeKit integration and designer upgrades. Residents enjoy a premium lifestyle with access to private parks, a swimming pool, and hiking trails. This property is an ideal acquisition for Owner-Occupants or discerning professionals seeking a high-tech, move-in ready sanctuary.
Estimated Market Value
$1,152,772
Based on Realkey algorithm analyzing recent comparable sales in San Marcos.
Comparable Sales Map
Comparables within 1 miles sold in recently
Map unavailable.
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 732 Merit Dr Subject | $1,119,900* List Price | 4 | 3 | 2,471 | $467 | - |
A 678 Gemstone Dr Sold | $1,125,000 | 4 | 3 | 2,550 | $441 | 0.1 mi |
B 649 Merit Drive Sold | $1,100,000 | 4 | 3 | 2,211 | $498 | 0.1 mi |
C 524 Avenida Ortega Sold | $1,235,000 | 4 | 3 | 2,397 | $515 | 0.5 mi |
D 477 Village Greens Sold | $1,000,000 | 4 | 3 | 1,931 | $518 | 0.8 mi |
E 1129 Via Vera Cruz Sold | $1,355,000 | 3 | 3 | 2,326 | $583 | 0.9 mi |
F 709 Merit Dr Active | $1,000,000 List Price | 4 | 3 | 2,211 | $452 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Excellent
TeardownExcellent
Property is new construction or fully renovated.
Built in 2019, this home is only 5 years old and in mint condition. The kitchen and bathrooms feature modern designer upgrades, including white shaker cabinetry, stone countertops, and a tile walk-in shower. Systems are contemporary, including smart home integration, requiring no maintenance.
PROSSTRENGTHS & OPPORTUNITIES
- Modern Construction & Smart Integration
Built in 2019, this residence features contemporary designer-curated upgrades and integrated Apple HomeKit technology, offering a turnkey, high-tech living experience.
- Premium Community Amenities
Situated in a gated master-planned community, the property provides access to three private parks, a swimming pool, BBQ pavilions, and a direct connection to miles of hiking trails.
- Enhanced Functional Layout
The home offers a versatile 4-bedroom plus bonus room configuration, complemented by a seamless 'outdoor room' and a rare long driveway for ample guest parking.
CONSRISKS & DEFICIENCIES
- Low Available Lot Utilization
The property has a small lot size, more than 70 percent of which is taken by its living area. lot size in square feet = 3445, living area = 2471.
- Limited Lot Size
The 3,445 square foot lot is relatively compact for a home of this size, which may restrict private backyard activities and gardening options for some buyers.
- Recurring HOA Costs
The monthly association fee of $246 adds a permanent carrying cost to the property, which may be a deterrent for buyers looking to minimize non-mortgage expenses.
About 732 Merit Dr
This 2019-built construction, single family, gated home within a premier master plan community in San Marcos. Offering 4 bedrooms, 3 Baths, and Bonus Room, this residence comes equipped with Apple HomeKit and designer-curated upgrades including full flooring package, outdoor room, tile walk-in shower and electrical. Long driveway. Enjoy an outdoor lifestyle with three private parks including The Cabana with swimming pool, playground, BBQ pavilion and a direct connection to miles of trails.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 2019
- Lot Size
- 3,445 Sq. Ft.
Interior
- Total Bedrooms
- 4
- Total Bathrooms
- 3 (3 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $246.0 / Month
Neighborhood Insights
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 4.0 | 4.0 |
| Baths | 3.0 | 3.0 |
| Square foot | 2,471 | 2,318.709 |
| Lot Size | 3,445 | 6,909.226 |
| Price | $1.12M | $1.19M |
| Price per sq ft | $453 | $552 |
| Built year | 2019 | 1998 |
| HOA | $246.0 | $165 |
| Days on market | 47 | 46 |
Pricing History
Listed for Sale
Sep 2, 2026
$1,119,900
$1,149,900
-3% Price Drop
Initial Listing
Price Change
Aug 22, 2026
$1,149,900
$1,169,900
-2% Price Drop
Initial Listing
Price Change
Aug 5, 2026
$1,169,900
$1,189,900
-2% Price Drop
Initial Listing
Price Change
Jul 24, 2026
$1,189,900
Initial Listing
Sold
Mar 26, 2020
$729,500
Public Record