1474 Deer Flat Road, Monterey, California 93940, Monterey, 93940 - 4 bed, 3 bath
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Monterey, California 93940
This Architectural Single Family Residence represents a High-Potential Investment Opportunity, listed at $2,795,000—positioned slightly above the $2,768,079 Fair Market Value. While the property requires cosmetic updates to modernize its Condition Rating of 4, the expansive 50,094 sqft lot and rare private lighted tennis court provide significant long-term value. The home’s unique redwood construction and versatile floor plan offer a foundation for high-end customization. This property is an ideal acquisition for Value-Add Investors or Owner-Occupants seeking a legacy estate with substantial recreational amenities.
Property is moderate renovation needed.
Built in 1976, this architectural home is well-maintained but largely dated. While the outdoor kitchen and living areas show high-quality materials, the primary bathrooms feature 1970s-style blue tile and sunken tubs, and the kitchen cabinetry and laundry areas reflect older renovations (15-30+ years). It is functional and move-in ready but requires significant cosmetic updates to meet modern luxury standards.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 50094, living area = 3562.
The property features a rare private lighted tennis court and a comprehensive outdoor kitchen with a pizza oven and bar, offering a premier lifestyle for entertaining and recreation.
Built with premium clear, knotless redwood and featuring soaring ceilings, the home offers a unique, warm, and sophisticated aesthetic that reflects high-quality California design.
Living area discrepancy between mls listing and other public or private record. mls listing living area = 3562, other record living area = 3339.
The property has been on the market for over 100 days and has undergone multiple price reductions, which may suggest initial overpricing or a mismatch with current buyer demand.
The extensive use of exterior redwood and the upkeep of specialized amenities like a tennis court and large garden may result in significant ongoing maintenance costs.
Privately nestled in one of Monterey's most coveted neighborhoods, this exceptional architectural residence is a rare expression of timeless design, craftsmanship, and California elegance. Built primarily from clear, knotless redwood, the home radiates warmth and sophistication. Sunlit living spaces with soaring ceilings and a dramatic fireplace create an inviting setting for both intimate gatherings and grand entertaining. The luxurious primary suite is a private retreat, featuring a fireside sitting area, dual walk-in closets, and a spa-inspired bath. Three additional bedrooms, two full baths, and a spacious bonus room with a separate entrance offer exceptional flexibility for guests, a home office, fitness studio, or creative space. Designed for seamless indoor-outdoor living, the grounds feature a private lighted tennis court, outdoor kitchen with pizza oven and built-in grill, entertaining bar and a flourishing garden. A wine cellar, three-car garage, dedicated laundry room, and rare dual driveway access to the backyard further distinguish this remarkable property. Just minutes from downtown Monterey, renowned golf, the coastline, and Monterey Regional Airport, this is a legacy home offering extraordinary privacy, enduring quality, and an exceptional lifestyle.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 4.0 | 3.0 |
| Baths | 3.0 | 2.5 |
| Square foot | 3,562 | 1,829.5 |
| Lot Size | 50,094 | 7,517.5 |
| Price | $2.79M | $1.29M |
| Price per sq ft | $785 | $686 |
| Built year | 1976 | 1962 |
| HOA | $0 | $495 |
| Days on market | 120 | 63 |
Jun 19, 2026
$2,795,000
$2,895,000
-3% Price Drop
Initial Listing
May 6, 2026
$2,895,000
$2,995,000
-3% Price Drop
Initial Listing
Mar 24, 2026
$2,995,000
Initial Listing