21 photos · MLS data verified July 19, 2026 · Updated every 15 min
$1,185,000Pending
3 Beds·3 Baths·1,547 sqft·938 sqft lot·Built 1992
406 Terra Mesa WAY, Milpitas, CA 95035
Listed 53 days ago · May 27, 2026 | MLS# ML82048663
$765/sqft -11% vs Milpitas avg
What this means: Priced below the Milpitas per-sqft average. Compare to recent sales below for context.
Est. $7,940/moP&I $6,149 · Tax $1,234 · Insurance $262 · HOA $295Assumes 20% down ($237,000) at 6.75% · Contact Timothy for a lender referralAegis Luxury Real Estate is a licensed California real estate brokerage (DRE# 01328224) and is not a mortgage lender, mortgage broker, or loan originator. The figures shown are estimates for general reference only and do not constitute a loan offer, pre-approval, pre-qualification, or commitment to lend. Estimates use the applicable county average property tax rate of 1.25% of home price annually. Actual rates, payments, taxes, and insurance vary by lender and borrower qualifications. Contact Timothy for a referral to one of our preferred lending partners.
Active listing in Milpitas, Santa Clara County. Convenient access to schools, parks, and Bay Area employment centers.
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3 Bed / 3 Bath / 1,547 sqft on 938 sqft Lot
Spec sheet at a glance. See full details below for interior, exterior, and lot features.
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Listed at $1.2M vs City Average $1.4M
$765/sqft compared to Milpitas avg $858/sqft (-10.7%).
Best fit forActive BuyersMilpitas SearchersMove-Up / Move-In
About This Home
HOA DUES PAID IN ADVANCE FOR A YEAR !!! Move-in ready townhouse tucked inside a quiet, safe and well-kept community. From the moment you walk in, expansive windows fill the bright living and dining areas with natural light, creating an open and welcoming space for everyday living. The home has been tastefully updated with new flooring, a smart water meter, a new heating and cooling system, EV-ready charging, and other thoughtful improvements that add comfort, efficiency, and long-term value. Generously sized bedrooms provide comfortable private retreats, while the spacious family room is ideal for entertaining, family gatherings, or a flexible work-from-home setup. Step outside to your patio with outdoor seating potential the perfect spot for morning coffee or weekend relaxation. Enjoy the lifestyle benefit of outdoor space without the maintenance burden of a full yard. Nearby is a Dixon Landing Park that promotes an active lifestyle with easy access to tennis courts, a pool, open green space, and play areas for kids. With close proximity to major freeways, shopping, dining, and everyday essentials, you can spend less time commuting and more time enjoying home. Highly rated Milpitas schools are also within a few miles
MLS ID #ML82048663, Sharad Gupta. Listing provided by TradeMyHome.com · MLSListings Inc.
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Property Details
Property Type
Townhouse
Year Built
1992
Bedrooms
3
Bathrooms
2 Full, 1 Half
Living Area
1,547 sqft
Lot Size
938 sqft
Garage
2 Spaces
Price/sqft
$765
County
SantaClara
MLS Number
ML82048663
Status
Pending
Stories
N/A
HOA
$295/mo
Interior Features
CentralForcedAir_Gas
Exterior & Lot
Tile, Wood Roof2-Car Garage0.02 AcresPool
Location
This HomeActive ListingNew (3 days or less)Price ReducedOpen HouseSold
406 Terra Mesa WAY, Milpitas, CA 95035 · SantaClara County
Market Context
Price Positioning
$Price context: Listed at $765/sqft vs Milpitas avg $858/sqft (10.7% below).
$Sale-to-list: Milpitas homes selling at 102.4% of asking.
⏲Velocity: City avg 21 days. This home: 53 days.
🏠Inventory:28 3-bedroom homes currently available in Milpitas.
Source: MLSListings Inc. Timothy Alston, Broker, DRE# 01328224.
Want to know what this home will actually sell for? Get a data-backed offer range based on recent comparable sales.
Buyers and sellers researching Milpitas in Milpitas will find 406 Terra Mesa WAY to be a strong reference point. Pending sale at $1,185,000, this 3-bed, 3-bath home sits in a market where comparable properties average $858 per square foot. Homes in Milpitas (95035) are currently averaging 21 days on market.
3-Bedroom Homes for Sale in Milpitas 95035
Browse 3-bedroom townhouse listings in the Milpitas area of Milpitas. Properties in 95035 are currently averaging $858 per square foot with 21 days on market.
What to Expect When Buying in Milpitas
The Milpitas market in Milpitas features a mix of townhouse properties ranging from starter homes to luxury estates. Current inventory levels suggest active conditions for buyers in this area.
Listed at $1,185,000 ($765/sqft). Milpitas avg is $858/sqft, placing this 10.7% below. Comparable recent sales help frame the value.
Listed 53 days (as of May 27, 2026). Milpitas average is 21 days.
Est. $7,940/mo with 20% down ($237,000) at 6.75%. Includes principal & interest ($6,149), property tax ($1,234), and insurance ($262). HOA: $295/mo. Aegis Luxury Real Estate is a licensed California real estate brokerage (DRE# 01328224) and is not a mortgage lender, mortgage broker, or loan originator. The figures shown are estimates for general reference only and do not constitute a loan offer, pre-approval, pre-qualification, or commitment to lend. Estimates use the applicable county average property tax rate of 1.25% of home price annually. Actual rates, payments, taxes, and insurance vary by lender and borrower qualifications. Contact Timothy for a referral to one of our preferred lending partners.
There are 70 active listings in Milpitas (28 are 3-bedroom). At $1,185,000 this is positioned against the city average of $1,378,813. Similar homes have sold at 102.4% of asking.
3-bedroom homes in Milpitas (95035) are currently averaging $858 per square foot. Market activity shows homes spending an average of 21 days on market in this area.
406 Terra Mesa WAY in Milpitas is currently listed at $1,185,000. This 3-bedroom, 3-bathroom townhouse is located in the Milpitas area.
The data relating to real estate for sale on this display comes in part from the Internet Data Exchange program of the MLSListings™ MLS system. Real estate listings held by brokerage firms other than Aegis Luxury Real Estate are marked with the Internet Data Exchange icon (a stylized house) and detailed information about them includes the names of the listing brokers and listing agents.
Based on information from the MLSListings MLS as of Jul 19, 2026 11:45 AM PT. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
These statistics are generated using information from the MLSListings Inc. multiple listing service, but have not been verified and are not guaranteed. MLSListings Inc. disclaims any responsibility for the accuracy and reliability of these statistics. This information should not be relied upon for real estate transaction decisions.
Data updated every 15 minutes. Visit www.MLSListings.com for more information.
Information provided is for general informational purposes only. Equal Housing Opportunity. If you are currently working with a real estate agent, this is not intended as a solicitation.
Timothy Alston, Broker, DRE# 01328224, Aegis Luxury Real Estate, 10080 N. Wolfe Rd Ste SW3-200, Cupertino CA 95014. (408) 207-4593.
Last updated: Jul 19, 2026 11:45 AM PT | Source: MLSListings Inc.
All content on this page is the property of Aegis Luxury Real Estate (DRE# 01328224). Automated scraping, downloading, or republication is strictly prohibited.
406 Terra Mesa WAY$1,185,0003 bd · 3 ba · 1,547 sqft
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