40718 Melrose Dr
Temecula, CA 92591
Listing broker / agent: Pinnacle Real Estate Group · Lynn Ren · 909-525-3318 · CRMLS
MLS # TR26022940 · Last checked Oct 19, 2026 16:03 UTC
About this property
The seller is motivated for quick sale with huge prices reduces. Welcome to Heirloom Farms community, a highly desirable community in the heart of Temecula. Built by Meritage Homes — known for the contemporary design and energy-efficient construction. This beautiful move in ready home has OWNED solar which added the value to the house and provides long-term on energy savings. Located by the community park at the front, adding a nice view and space. The 1st floor open layout offers excellent versatility for living, dining and cooking. Separated bedrooms and bathroom. The 2nd floor has an open loft which is convince for work-from-home or children’s play area, and 3 bedrooms and 2 full baths. The spacious master bedroom with a double sink bathroom and generous closet space. A low-maintenance backyard perfect for relaxing or hosting guests without the burden of extensive daily keeping. Enjoy resort-style community amenities including clubhouse, a pool/spa, picnic BBQ areas, playground and community parks. Award-winning Temecula Valley Unified School District. Conveniently close to Temecula’s renowned wineries, resorts, great schools, shopping, dining, and as well as easy access to both 215 and 15 freeways, making commute and travel easier and faster. This is a great opportunity to own your home which offers location, value and stylishness in this vibrant neighborhood in Temecula.
Property details
- MLS number
- TR26022940
- Status
- Active Under Contract (Backup)
- Type
- Residential
- Subtype
- Single Family Residence
- Beds / baths
- 4 Beds • 3 Baths
- Living area
- 2,112 Sq Ft
- Lot size
- 0.0746 acres
- County
- Riverside
- Year built
- 2023
- Stories
- 2
More property detailsCollapse
Listing
- Days on market
- 228
Building
- Year built
- 2023
- Year built source
- Builder
- Stories
- 2
- Building stories
- 2
- Levels
- Two
- Entry level
- 1
Bathrooms
- Full bathrooms
- 3
Rooms & interior
- Main-level bedrooms
- 1
- Main-level bathrooms
- 1
- Rooms
- Bedroom, Den, Kitchen, Laundry, Living Room
- Interior features
- Eat In Kitchen, Bedroom On Main Level
- Flooring
- Carpet, Vinyl
- Cooling
- Central Air
- Fireplace
- None
- Laundry
- Laundry Room, Upper Level
Exterior & parking
- Total parking spaces
- 2
- Garage spaces
- 2
- Attached garage
- Yes
- Pool
- Above Ground, Community, Association
- Spa
- Association, Community
- Lot features
- Sixteen To Twenty Units Acre
- Lot size source
- Builder
- Property outlook
- Neighborhood
Utilities & community
- Water
- Public
- Sewer
- Public Sewer
- Utilities
- Cable Connected, Electricity Available, Natural Gas Available
- Community features
- Park, Street Lights, Pool
- Association amenities
- Barbecue, Playground, Pool
Fees & lease terms
- Association
- Yes
- Association fee
- $168.96
- Association fee frequency
- Monthly
Schools reported in the listing
- High school district
- Temecula Unified
School information is supplied with the listing. Confirm current attendance boundaries and enrollment eligibility directly with the school district.
Nearby public schools
Nearby does not mean assigned. These are approximate straight-line distances from the property, not walking or driving routes. Confirm attendance boundaries, enrollment eligibility, grades and current school status directly with the district.
| School / district | Grades | Distance |
|---|---|---|
| Ysabel Barnett Elementary Temecula Valley Unified · Temecula | K–5 | 0.9 mi |
| Daniel N. Buchanan Elementary (school website, opens in a new tab) Murrieta Valley Unified · Murrieta | K–5 | 1.0 mi |
| Chaparral High Temecula Valley Unified · Temecula | 9–12 | 1.1 mi |
| James L. Day Middle Temecula Valley Unified · Temecula | 6–8 | 1.3 mi |
| Warm Springs Middle (school website, opens in a new tab) Murrieta Valley Unified · Murrieta | 6–8 | 1.5 mi |
| Citrus Springs Charter (school website, opens in a new tab) Orange County Department of Education · Temecula | K–12 | 1.7 mi |
| River Springs Charter (school website, opens in a new tab) Riverside County Office of Education · Temecula | K–12 | 1.7 mi |
| Empire Springs Charter (school website, opens in a new tab) Helendale Elementary · Temecula | K–12 | 1.7 mi |
Source: California Department of Education · 2025-26 school locations. Downloaded Oct 2, 2026 UTC. This annual snapshot may not reflect later changes. Public schools only; not a complete list of education options. No ratings or attendance assignments are provided.
Check the California School Directory ↗Price and tax history
Asking price
- Current asking price
- $689,999
- MLS-reported original asking price
- $755,000
- MLS-reported previous asking price
- $699,999
- MLS-reported last price change
- 2026-08-12 07:24 UTC
| Observed (UTC) | Asking price |
|---|---|
| Oct 2, 2026 08:41 | $689,999 |
MLS values are reported for this listing, not prior sales. Observation dates show when our importer saw an asking price, not when the MLS changed it. Up to 24 observations are retained; changes between refreshes may be missed. This is not a complete price or sales history.
Property taxes
Tax history is not available from the imported listing data.
Source: MLS feed. Only supplied tax years are shown, up to 10 years; this is not a county tax archive. Amounts may be corrected and taxes may change after purchase. Verify assessments and current taxes with the county. These values do not automatically fill the payment calculator.
Market trends in Temecula
Active residential homes for sale in Temecula, CA, available through this website's authorized feed. Includes residential subtypes; excludes rentals. Not the entire market or a valuation of this property.
Observed price activity · past 30 days
94 currently active listings have an observed price-change pair ending in this period. A listing can appear in both counts.
Calculated 2026-10-19 16:53 UTC. Source: this website's authorized MLS inventory. Import progress, freshness rules and coverage affect the figures. Medians exclude missing/invalid values; price per sq ft is the median of individual listing ratios. Price observations are limited to the last 24 per listing and may miss changes between refreshes. This is not a complete 30-day market report, historical inventory trend, appreciation measure, or sold-price analysis.
Payment calculator
Explore a fixed-rate loan scenario. The price comes from this listing; a 20% down payment and 30-year term are starting assumptions, not requirements. Enter your own interest rate—not APR—and estimated costs.
Illustration only—not a rate quote, preapproval, lending offer or affordability determination. Assumes equal monthly payments on a fully amortizing fixed-rate loan; no adjustable rates, interest-only periods or balloon payments. Excludes closing costs, utilities, maintenance, special assessments and other unentered costs. Actual payments and escrow can differ. Review a Loan Estimate with your lender.
Understanding homeownership costs — CFPB ↗