
Monterey, California 93940
This Stunning Coastal Residence is listed at $2,495,000, positioned above the $2,200,538 Fair Market Value. While priced above market, the property offers a premium Excellent Condition Rating following an extensive 2026 remodel. Featuring panoramic Monterey Bay views, a versatile dual-suite layout, and modernized infrastructure including owned solar and air conditioning, the home provides a turnkey lifestyle in the desirable Mar Vista neighborhood. Its sophisticated design and central Peninsula location make this an ideal sanctuary for discerning luxury buyers or owner-occupants seeking a high-end, move-in ready coastal retreat.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1 Walter Colton Drive Subject | $2,495,000* List Price | 4 | 3 | 2,568 | $857 | - |
A 9 Sommerset Sold | $1,955,000 | 3 | 4 | 2,563 | $763 | 0.5 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
The property underwent an extensive remodel completed in 2026, placing it well within the <5-year renovation window for an Excellent rating. It features a modern designer kitchen, updated wide-plank flooring, and upgraded systems including air conditioning and owned solar panels.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 12197, living area = 2568.
The property offers sweeping views of Monterey Bay, the ocean, and city lights, significantly enhanced by oversized windows and a prime Mar Vista hillside location.
A comprehensive 2026 remodel provides a contemporary aesthetic with high-end finishes, owned solar panels, and air conditioning, ensuring move-in readiness and energy efficiency.
Living area discrepancy between mls listing and other public or private record. mls listing living area = 2568, other record living area = 2229.
The central location near the hospital and Highway 1 may result in increased ambient noise from traffic and emergency vehicles compared to more secluded neighborhoods.
While the elevated position provides superior views, the lot's topography may limit the amount of flat, usable outdoor space for traditional yard activities.
Positioned above Monterey Bay in the desirable Mar Vista neighborhood, 1 Walter Colton Drive pairs expansive coastal views with a beautifully executed, extensive remodel completed in 2026. Thoughtfully reimagined with a fresh, sophisticated aesthetic, the home offers an open, light-filled interior designed to take full advantage of its spectacular setting. Vaulted ceilings, wide-plank wood flooring and a striking fireplace define the main living space, while oversized windows frame sweeping views of Monterey Bay. The adjoining kitchen features generous cabinetry, extensive counter space, and a large center island, creating an inviting setting for everyday living and entertaining. Two primary suites with walk-in closets, one on each level, offer exceptional flexibility. Modern amenities include air conditioning and owned solar, along with RV or boat parking with hookups and additional electrical hookups in the garage. With convenient access to the hospital, downtown Monterey, Carmel, Pebble Beach, and Highway 1, this extensively remodeled residence brings together panoramic views, elevated design, modern comfort, and an exceptionally central Peninsula location.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 4.0 | 3.0 |
| Baths | 3.0 | 2.5 |
| Square foot | 2,568 | 1,869.953 |
| Lot Size | 12,197 | 7,748.977 |
| Price | $2.50M | $1.35M |
| Price per sq ft | $972 | $729 |
| Built year | 1959 | 1962 |
| HOA | $0 | $431 |
| Days on market | 19 | 50 |
Aug 21, 2026
$2,495,000
Initial Listing
May 22, 2025
$590,000
Public Record
Aug 23, 2024
$1,150,000
Public Record