
Monterey, California 93940
This Turnkey Condominium is a High-Potential Investment Opportunity, listed at $548,000—positioned well above the $472,881 Fair Market Value by 15%. While the price reflects a premium, the property maintains a Condition Rating of 3, featuring high-end Italian stone tile flooring and a modern kitchen. With a serene Park/Greenbelt view and a private balcony, this unit offers a refined lifestyle. Given the 181 days on market, this is a strategic acquisition for Buy-and-Hold Investors or first-time buyers prioritizing move-in ready quality over immediate equity.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 121 Quail Run Court Subject 1 bd · 1 ba · 696 sqft · $679 | $548,000* List Price | 1 | 1 | 696 | $679 | - |
A 820 Casanova Avenue 30 Sold 2 bd · 1 ba · 860 sqft · $628 · 1.0 mi | $540,000 | 2 | 1 | 860 | $628 | 1.0 mi |
B 522 Pheasant Ridge Road Active Under Contract 1 bd · 1 ba · 696 sqft · $717 · 0.1 mi | $499,000 List Price | 1 | 1 | 696 | $717 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
Built in 1988 but features thoughtful updates including a modern kitchen and bathroom with stone countertops, Italian stone tile flooring, a newer gas water heater, and central gas heating. The property is well-maintained, functional, and move-in ready.
As a corner/end-unit featuring ten windows facing all four cardinal directions, this home offers a rare level of privacy and abundant natural light that is difficult to find in one-bedroom condominiums.
The property boasts high-end finishes, including a renovated kitchen and bathroom with stone countertops and elegant Italian stone tile flooring that provides a sophisticated, move-in-ready aesthetic.
The unit includes highly desirable conveniences such as in-unit laundry, a private exterior storage room, and two assigned parking spaces, including one covered spot.
With 181 days on the market and a recent price reduction, the property is experiencing significant market resistance, which may impact its perceived value to future buyers.
The $544 monthly association fee is relatively high for a 696-square-foot one-bedroom unit, potentially limiting the pool of budget-conscious buyers or investors seeking higher yields.
Hidden Gem Beautiful corner/end-unit offering exceptional privacy arguably the best one-bedroom in the complex. This thoughtfully updated home features a modern kitchen and bathroom with elegant stone countertops, complemented by Italian stone tile flooring throughout that resembles marble. Enjoy the convenience of an in-unit washer and dryer, a newer gas water heater, and a central gas heating system. With ten exterior windows and doors facing all four directions (north, east, south, and west), the unit is filled with natural light while still maintaining a high level of privacy. Step out onto the spacious covered balconyperfect for relaxing or entertainingoverlooking a serene setting. Additional highlights include: Two assigned parking spaces (one covered, one uncovered) Private exterior storage room A rare combination of comfort, style, and privacy in a prime location.
No exterior & parking available.
Grades K-5 • 1.5 mi
Grades 6-8 • 4.4 mi
Grades 9-12 • 3.9 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 1.0 | 2.0 |
| Baths | 1.0 | 2.0 |
| Square foot | 696 | 1,088 |
| Lot Size | 733 | 1,071 |
| Price | $548.0K | $670.0K |
| Price per sq ft | $787 | $616 |
| Built year | 1988 | 1988 |
| HOA | $544.0 | $611 |
| Days on market | 207 | 28 |
Jun 4, 2026
$548,000
$558,000
-2% Price Drop
Initial Listing
Mar 31, 2026
$558,000
Initial Listing
May 16, 2022
$530,000
Public Record
Jul 26, 1995
$133,000
Public Record