
Monterey, California 93940
This Spacious Single Family Residence is a Strong Value Opportunity, listed at $2,400,000—positioned well below the $2,378,936 Fair Market Value by -0.89%. While the home maintains a Condition Rating of 4 due to dated finishes, it features significant modern upgrades including 2023 solar panels and new heaters. The 2.4-acre lot offers Panoramic Carmel Valley Views and an expansive deck for entertaining. With access to Top-Rated Schools like Carmel High, this property is an ideal acquisition for Owner-Occupants or Value-Add Investors seeking a prime Monterey location.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 11142 Saddle Road Subject | $2,400,000* List Price | 4 | 5 | 3,790 | $628 | - |
A 10450 Saddle Road Sold | $2,250,000 | 3 | 3 | 3,362 | $669 | 0.9 mi |
B 25611 Whip Road Sold | $2,600,000 | 4 | 4 | 5,077 | $512 | 0.4 mi |
C 11827 Saddle Road Active | $1,799,000 List Price | 3 | 3 | 3,061 | $588 | 0.9 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1991, the home is over 30 years old and retains dated oak cabinetry and 90s-style bathroom fixtures. While the property is well-maintained with fresh paint and significant system upgrades (new heaters and 2023 solar panels), the kitchen and baths have not undergone a full renovation in over 20 years, placing it in the dated category.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 104980, living area = 3790.
High School: Carmel High School (9/10).
The property boasts breathtaking panoramic views of Carmel Valley across a 2.4-acre lot, featuring an expansive deck and pergola designed for seamless indoor-outdoor entertaining.
Living area discrepancy between mls listing and other public or private record. mls listing living area = 3790, other record living area = 3663. Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 4, other record bedroom count = 3.
With 99 days on the market and a recent $200,000 price reduction, the property has faced challenges in securing a buyer at its initial valuation.
While the area is served by some high-performing schools, the assigned high school carries a low rating of 2, which may be a deterrent for education-focused families.
Set within the serene gated community of Bay Ridge, this 3,798 sq ft Monterey residence captures panoramic Carmel Valley views across 2.4 acres. Thoughtfully designed for everyday comfort and effortless entertaining, the home offers four spacious ensuite bedrooms and 4.5 baths, multiple gathering spaces, and seamless indoor-outdoor flow. The light-filled kitchen and family room open to an expansive view deck framed by columns and pergola, ideal for al fresco dinners, weekend brunches, and sunset gatherings. Formal living and dining rooms, three fireplaces, and a gracious foyer with dramatic double doors create a warm, welcoming sense of arrival. The primary suite is a true retreat, featuring its own fireplace, generous sitting area, private courtyard, and separate deck overlooking the hills. Recent improvements include fresh interior paint, new heaters, a recently painted exterior, and 31 owned solar panels installed in 2023. Well-considered amenities such as a 3-car garage with Tesla charger, additional on-site parking, and a dedicated dog run further elevate everyday living. Within a gated community that offers security, privacy, and peace of mindand just minutes from all the Peninsula has to offerthis peaceful enclave is Bay Ridge living at its best.
No exterior & parking available.
Grades 4-5 • 3.3 mi
Grades K-5 • 4.6 mi
Grades K-5 • 5.3 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 4.0 | 3.0 |
| Baths | 5.0 | 2.5 |
| Square foot | 3,790 | 1,869.953 |
| Lot Size | 104,980 | 7,748.977 |
| Price | $2.40M | $1.35M |
| Price per sq ft | $633 | $729 |
| Built year | 1991 | 1962 |
| HOA | $240.0 | $431 |
| Days on market | 110 | 50 |
Jul 7, 2026
$2,400,000
$2,600,000
-8% Price Drop
Initial Listing
May 22, 2026
$2,600,000
Initial Listing
Aug 26, 2005
$1,740,000
Public Record