11827 Saddle Road, Monterey, California 93940, Monterey, 93940 - 3 bed, 3 bath
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Monterey, California 93940
This Spacious Custom Residence represents a Strong Value Opportunity, listed at $1,799,000—positioned well below the $1,884,473 Fair Market Value by 4%. This valuation gap provides $85,473 in Instant Equity. While the home maintains a Fair Condition Rating due to its 1988 vintage, it offers significant upside through modernization. Featuring Panoramic Bay Views, a 3-Car Garage, and a 2-Acre Lot, it is perfectly suited for Value-Add Investors or Owner-Occupants seeking a private, high-potential estate in the prestigious Bay Ridge community.
Property is moderate renovation needed.
Built in 1988 (36 years old), the home is well-maintained but clearly dated. The interior features original-style wall-to-wall carpeting, older fireplace inserts, and 1980s architectural details. While functional and move-in ready, it lacks recent renovations to the kitchen and baths, placing it in the 'Fair' category based on age and the need for cosmetic updates.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 79715, living area = 3061.
High School: Carmel High School (9/10).
Located in the prestigious Bay Ridge community on nearly two acres, this property offers exceptional privacy, security, and a serene natural environment characterized by majestic oak trees.
Living area discrepancy between mls listing and other public or private record. mls listing living area = 3061, other record living area = 2864.
A significant price reduction of nearly $200,000 after 41 days on the market suggests a correction from an aggressive initial valuation or a shift in local buyer demand.
Built in 1988, the property may require cosmetic or system updates to meet the contemporary aesthetic and efficiency standards expected in today's luxury market.
Nestled within the exclusive gated community of Bay Ridge, this beautiful custom home offers the perfect blend of privacy, comfort, and natural beauty. Set on nearly two acres with majestic oak trees, the property enjoys a serene setting with sweeping views and a peaceful connection to its surroundings. Designed for both everyday living and entertaining, the residence features three spacious bedrooms, two and one-half baths, a dedicated office, and a private gym, providing flexibility for today's lifestyle. Expansive windows fill the home with natural light, creating a bright and inviting atmosphere while capturing the picturesque vistas. Car enthusiasts will appreciate the oversized three-car garage, offering ample space for vehicles, storage, or hobbies. Combining thoughtful design, generous living spaces, and the security of a gated community, this exceptional Bay Ridge property presents a rare opportunity to enjoy privacy, sunshine, and refined country living just moments from town.
No exterior & parking available.
Grades 4-5 • 2.5 mi
Grades K-5 • 4.8 mi
Grades K-3 • 5.3 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 3.0 |
| Baths | 3.0 | 2.5 |
| Square foot | 3,061 | 1,829.5 |
| Lot Size | 79,715 | 7,517.5 |
| Price | $1.80M | $1.29M |
| Price per sq ft | $588 | $686 |
| Built year | 1988 | 1962 |
| HOA | $240.0 | $495 |
| Days on market | 42 | 63 |
Jul 16, 2026
$1,799,000
$1,995,000
-10% Price Drop
Initial Listing
Jun 10, 2026
$1,995,000
Initial Listing
Dec 15, 2005
$1,425,000
Public Record
Feb 13, 1997
$545,000
Public Record
Jun 27, 1995
$560,000
Public Record