1107 Golden Oaks Lane, Monterey, California 93940, Monterey, 93940 - 2 bed, 2 bath
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Monterey, California 93940
This Spacious Modernized Condominium is a High-Potential Investment Opportunity, listed at $725,000—positioned well below the $825,644 Fair Market Value by 12%. This valuation gap provides $100,644 in Instant Equity. Boasting a Condition Rating of 3, the unit features updated bathrooms, new flooring, and ocean peeks from two private patios. Located in the premier Golden Oaks community near Del Monte Shopping Center, it offers a turnkey coastal lifestyle. This is an exceptional find for Owner-Occupants seeking value or Buy-and-Hold Investors targeting the Monterey rental market.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1107 Golden Oaks Lane Subject | $725,000* List Price | 2 | 2 | 1,348 | $612 | - |
A 250 Forest Ridge Road 45 Sold | $630,000 | 2 | 1 | 1,039 | $606 | 0.9 mi |
B 250 Forest Ridge Road 27 Sold | $725,000 | 2 | 2 | 1,059 | $685 | 0.9 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
While the property was built in 1980, it has undergone significant recent renovations including tastefully updated bathrooms with modern vanities and tile, new flooring throughout, and updated kitchen appliances. The unit is in move-in ready condition, though some original elements like popcorn ceilings persist.
Situated in the desirable Golden Oaks community, the property offers immediate access to Del Monte Shopping Center, Highway 1, and Monterey's beaches, providing an ultra-convenient lifestyle.
The condo features tastefully updated bathrooms, new flooring, and a refreshed kitchen with a built-in coffee bar, making it a turnkey opportunity for buyers.
Boasting rare ocean peeks and mountain views, the unit's two private patios create a seamless indoor-outdoor living experience that is highly sought after in the Monterey Peninsula.
The monthly HOA fee of $699 is relatively high, which could be a deterrent for budget-conscious buyers or those looking to maximize their monthly mortgage leverage.
Despite interior updates, the 1980 build year may mean the unit lacks some modern architectural features like high ceilings or open-concept structural elements found in newer builds.
Ocean peeks, mountain views, and two private patios - this is Monterey living at its most effortless. Set in the sought-after Golden Oaks community, this spacious 2 bedroom, 2 bathroom condo features two en-suite bedrooms, updated flooring, abundant natural light, with bathrooms both tastefully updated for modern comfort. The kitchen features updated appliances, with a built-in coffee bar/cabinetry for ample storage. The seamless indoor-outdoor flow makes the patios feel like natural extensions of the living space - perfect for morning coffee or coastal evening air. A pool, low-maintenance lifestyle, and a location seconds from Elroy's, Del Monte Shopping Center, Highway 1, downtown Monterey, and the beaches of the Peninsula round out a rare, move-in ready opportunity in one the premier units in the Golden Oaks community.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 2.0 | 2.0 | 50% |
| Baths | 2.0 | 1.5 | 50% |
| Square foot | 1,348 | 910.5 | 95% |
| Lot Size | 1,377 | 633.5 | 73% |
| Price | $725.0K | $592.5K | 82% |
| Price per sq ft | $538 | $672 | 14% |
| Built year | 1980 | 1977 | 64% |
| HOA | $699.0 | $632 | 59% |
| Days on market | 32 | 147 | 5% |
May 5, 2026
$725,000
Initial Listing
Mar 24, 2022
$700,000
Public Record