
Monterey, California 93940
This Mid-Century Modern Residence represents a High-Potential Investment Opportunity, listed at $1,295,000—positioned well above the $1,173,114 Fair Market Value by -10%. While the property requires modernization, its Condition Rating of 4 and iconic architectural features—including vaulted ceilings and forested greenbelt views—provide a solid foundation for value-add renovations. The generous 7,200 sqft lot offers significant utility in a prime Monterey location. This property is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking to personalize a unique, light-filled home.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1199 Harrison Street Subject | $1,295,000* List Price | 2 | 2 | 1,473 | $796 | - |
A 748 Alice Street Sold | $987,575 | 3 | 2 | 1,414 | $698 | 0.6 mi |
B 1201 Hoffman Avenue Sold | $1,020,000 | 3 | 2 | 1,250 | $816 | 0.5 mi |
C 1694 Prescott Avenue Sold | $1,036,000 | 3 | 2 | 1,680 | $617 | 0.6 mi |
D 777 Parcel Street Sold | $1,200,000 | 3 | 2 | 1,542 | $778 | 0.6 mi |
E 926 Roosevelt Street Sold | $1,048,000 | 3 | 2 | 1,532 | $684 | 0.3 mi |
F 691 Fernwood Avenue Active Under Contract | $1,350,000 List Price | 2 | 2 | 1,525 | $885 | 0.9 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1974, this 50-year-old property is described as retaining its 'original character,' specifically in the kitchen and bathrooms. While the home is well-maintained and functional, the 50-year-old surfaces and likely original systems are significantly dated and require modernization to meet current standards, fitting the criteria for a property over 20 years old needing updates.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 7200, living area = 1473.
The home features iconic mid-century design elements, including soaring vaulted ceilings with exposed wood beams and clerestory windows that create a bright, sophisticated aesthetic.
Backing onto a peaceful greenbelt, the property offers a private, forested backdrop and walls of glass that seamlessly integrate the indoor living space with the surrounding nature.
While charming, the bathrooms retain their original 1974 character, likely requiring significant modernization to meet the expectations of buyers at this price point.
With only two bedrooms and under 1,500 square feet of living space, the property may feel restrictive for growing families or those requiring multiple dedicated home offices.
Set in the quiet hills above downtown Monterey, this mid-century modern home is wrapped in pine and washed in light. The back of the property abuts a peaceful greenbelt, giving the home a forested, evergreen backdrop, while the tucked away street keeps the setting calm and unhurried. Inside, soaring vaulted ceilings with exposed wood beams set a dramatic, airy tone from the moment you step through the door. Walls of glass and clerestory windows pull in abundant natural light and frame the surrounding tree canopy from nearly every room. That same warm, dappled light carries through the open living and kitchen area and into a second living room, a bright, sunlit den with brick flooring that glows just as warmly. Generous bedrooms offer comfortable retreats, and the bathrooms retain their original character and charm. Just minutes from downtown Monterey's restaurants, shops, and waterfront, this home offers a rare combination of architectural warmth, forested views, and genuine quiet, all close to everything.
No exterior & parking available.
Grades K-5 • 0.9 mi
Grades 6-8 • 0.7 mi
Grades 9-12 • 0.5 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 2.0 | 3.0 |
| Baths | 2.0 | 2.5 |
| Square foot | 1,473 | 1,829.5 |
| Lot Size | 7,200 | 7,517.5 |
| Price | $1.29M | $1.29M |
| Price per sq ft | $879 | $686 |
| Built year | 1974 | 1962 |
| HOA | $0 | $495 |
| Days on market | 34 | 63 |
Jun 18, 2026
$1,295,000
Initial Listing