11142 Saddle Road, Monterey, California 93940, Monterey, 93940 - 4 bed, 5 bath
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Monterey, California 93940
This Single Family Residence in Bay Ridge represents a High-Potential Investment Opportunity, listed at $2,600,000—positioned above the $2,440,360 Fair Market Value. While the price reflects a premium, the property offers significant upside through cosmetic modernization of its original 1990s interiors. Featuring panoramic Carmel Valley views, 31 owned solar panels, and a 2.4-acre lot, the home provides a rare blend of privacy and efficiency. With a Fair Condition Rating, this is an ideal acquisition for Value-Add Investors or Owner-Occupants seeking to customize a luxury estate.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 11142 Saddle Road Subject | $2,600,000* List Price | 4 | 5 | 3,790 | $644 | - |
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 |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1991 (33 years old), the home is well-maintained with significant recent system upgrades including new heaters and 2023 solar panels. However, the kitchen and bathrooms feature original 1990s-style oak cabinetry, tile countertops, and dated fixtures, placing it in the 'Fair' category as it requires cosmetic modernization despite being move-in ready.
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).
Set on a generous 2.4-acre lot within the exclusive Bay Ridge gated community, this property offers breathtaking, unobstructed views of Carmel Valley and the surrounding mountains.
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.
The property is associated with a mix of school districts where ratings vary significantly, including a nearby high school with a low rating, which may impact appeal for some families.
Despite recent paint and heater upgrades, the 1991 construction may still harbor older architectural details or original systems that require further modernization to compete with newer luxury builds.
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 | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 4.0 | 3.0 | 61% |
| Baths | 5.0 | 2.0 | 95% |
| Square foot | 3,790 | 2,012 | 90% |
| Lot Size | 104,980 | 7,368 | 95% |
| Price | $2.60M | $1.19M | 95% |
| Price per sq ft | $686 | $669 | 56% |
| Built year | 1991 | 1964 | 80% |
| HOA | $240.0 | $0 | 78% |
| Days on market | 23 | 184 | 2% |
May 22, 2026
$2,600,000
Initial Listing
Aug 26, 2005
$1,740,000
Public Record