125 Surf Way 438, Monterey, California 93940, Monterey, 93940 - 2 bed, 2 bath
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125 Surf Way 438
Monterey, California 93940
ACTIVE
CONDITION: EXCELLENT
2Beds
2Baths
1,214Sq Ft
1,337Lot Size
Property Price
LIST PRICE$1,220,000
EST. MARKET VALUE
$1,137,500
7% AboveMARKET VALUE
SUMMARY
This Turnkey Coastal Condominium represents a Strong Value Opportunity, listed at $1,220,000—positioned above the $1,137,501 Fair Market Value. While priced at a premium, the residence features a Condition Rating of 2, showcasing high-end renovations, modern luxury vinyl flooring, and contemporary finishes. Residents enjoy a resort-inspired lifestyle with a heated pool, spa, and fitness center, complemented by serene ocean views. Despite the higher HOA fees, this property offers a refined retreat for Owner-Occupants or second-home buyers seeking a move-in-ready coastal sanctuary.
Estimated Market Value
$1,137,500
Based on Realkey algorithm analyzing recent comparable sales in Monterey.
Comparable Sales Map
Comparables within 1 miles sold in recently
Map unavailable.
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 125 Surf Way 438 Subject 2 bd · 2 ba · 1,214 sqft · $937 | $1,220,000* List Price | 2 | 2 | 1,214 | $937 | - |
A 504 Ocean Avenue 2 Active 2 bd · 2 ba · 1,178 sqft · $763 · 0.9 mi | $899,000 List Price | 2 | 2 | 1,178 | $763 | 0.9 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Excellent
TeardownExcellent
Property is new construction or fully renovated.
Although built in 1993, the interior shows evidence of a recent high-end renovation within the last 5 years. Features include modern luxury vinyl plank flooring, updated recessed lighting, a contemporary fireplace, and mint-condition finishes throughout, making it fully move-in ready.
PROSSTRENGTHS & OPPORTUNITIES
- Ocean Views & Coastal Lifestyle
The property offers desirable ocean views and a prime Monterey location, providing a serene coastal retreat just moments from the beach.
- Resort-Style Amenities
Residents benefit from premium on-site facilities, including a heated pool, spa, and fitness center, which significantly enhance the luxury living experience.
- Turnkey Appeal
Beautifully appointed and thoughtfully designed, this 1,214 sqft condominium offers a sophisticated, move-in-ready environment suitable for a primary residence or weekend escape.
CONSRISKS & DEFICIENCIES
- High Association Fees
The monthly HOA fee of $1,300 is substantial, which may impact the overall affordability and monthly carrying costs for potential buyers.
- School District Ratings
The assigned middle school has a relatively low rating of 3/10, which could be a drawback for families prioritizing high-performing educational institutions.
About 125 Surf Way 438
Experience the effortless elegance of Monterey coastal living in this beautifully appointed 2-bedroom, 2-bath condominium, where ocean views and a serene setting create the perfect retreat. Thoughtfully designed for comfort and relaxation, the residence offers an inviting atmosphere inspired by the natural beauty and timeless charm of the Central Coast. Wake to refreshing coastal air, savor quiet mornings overlooking the ocean, and unwind as the evening light settles over the Monterey coastline. Resort-inspired amenities elevate the experience with a heated pool and spa, along with a fitness center for wellness and convenience. Whether enjoyed as a primary residence, sophisticated weekend escape, or peaceful coastal getaway, this exceptional home offers a rare opportunity to embrace the Monterey lifestyletranquil, refined, and just moments from the beauty of the California coast.
Property Details
Public Facts
- Property Type
- Condominium
- Year Built
- 1993
- Lot Size
- 1,337 Sq. Ft.
Interior
- Total Bedrooms
- 2
- Total Bathrooms
- 2 (2 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $1300.0 / Month
Neighborhood Insights
Monterey Unified Schools
Foothill Elementary School
Grades K-5 • 2.0 mi
6/10
Walter Colton
Grades 6-8 • 2.7 mi
3/10
Monterey High School
Grades 9-12 • 2.0 mi
6/10
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 2.0 | 1.6 |
| Baths | 2.0 | 1.1 |
| Square foot | 1,214 | 799.474 |
| Lot Size | 1,337 | 863.368 |
| Price | $1.22M | $584.6K |
| Price per sq ft | $1.0K | $703 |
| Built year | 1993 | 1977 |
| HOA | $1300.0 | $622 |
| Days on market | 23 | 65 |
Pricing History
Listed for Sale
Oct 1, 2026
$1,220,000
Initial Listing
Sold
Jun 6, 2025
$1,150,000
Public Record
Sold
Jul 27, 2021
$1,150,000
Public Record