
Monterey, California 93940
This Turnkey Single Family Residence is a Strong Value Opportunity, listed at $849,000—positioned well below the $844,403 Fair Market Value by -0.54%. While the price reflects the market, the property’s Condition Rating of 3 highlights meticulous maintenance and high-quality custom finishes, including a spa-like bathroom and vaulted wood ceilings. Its prime location offers an exceptional urban-coastal lifestyle within walking distance to downtown Monterey. This rare, character-filled bungalow is an ideal sanctuary for Owner-Occupants or first-time buyers seeking a move-in ready home with significant architectural charm.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1033 Carmelo Street Subject | $849,000* List Price | 1 | 1 | 764 | $1,105 | - |
A 167 El Dorado Street Sold | $760,000 | 1 | 1 | 912 | $833 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
While built in 1928, the property has been meticulously maintained with high-quality custom finishes and a spa-like bathroom renovation. It is move-in ready and functional, showing years of pride of ownership that offsets the age of the structure.
This 1928 custom bungalow features soaring vaulted wood ceilings and high-quality craftsmanship that captures the sought-after charm of Carmel-by-the-Sea.
Ideally situated within walking distance to downtown Monterey, the waterfront, and local farmers markets, offering an exceptional urban-coastal lifestyle.
The property includes a lush, fully enclosed, and meticulously maintained yard that provides a rare level of privacy and usable outdoor living space for a lot of this size.
With only 764 square feet and a single bedroom, the home’s compact footprint may be restrictive for buyers needing extra space for guests or a home office.
The list price of $849,000 represents a significant investment on a per-square-foot basis, which may challenge appraisal values or budget-conscious buyers.
Tucked into one of Monterey's most coveted pockets, this custom-built 1928 bungalow was designed as a true hideaway the kind of place that feels like it escaped from the cottaged lanes of Carmel-by-the-Sea and quietly made itself at home within walking distance of downtown Monterey. Step inside to soaring vaulted wood ceilings, warm and beautifully crafted. The living room is anchored by a gas fireplace flanked by custom built-ins. Every detail carefully considered, years of loving maintenance show in every corner. Nothing mass-produced; everything made to last and to truly feel like home. The bathroom is a destination unto itself: a one-of-a-kind space that feels more like a private spa than a residential bath. The yard is a true private oasis lush, usable, enclosed, and entirely your own. Morning coffee, an afternoon with a book, or entertaining under the evening sky: the garden delivers without pretense. Walk to town, to restaurants, to the waterfront, to the farmers market. Return home to complete quiet. 764 sq ft of character on a 3,434 sq ft lot. A rare hideaway, lovingly kept.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 1.0 | 3.0 |
| Baths | 1.0 | 2.5 |
| Square foot | 764 | 1,829.5 |
| Lot Size | 3,434 | 7,517.5 |
| Price | $849.0K | $1.29M |
| Price per sq ft | $1.1K | $686 |
| Built year | 1928 | 1962 |
| HOA | $0 | $495 |
| Days on market | 19 | 63 |
Jul 3, 2026
$849,000
Initial Listing
Dec 3, 1997
$203,500
Public Record