
Monterey, California 93940
Analysis of 1474 Deer Flat Road, Monterey, California 93940 is currently available with a list price of $2,695,000. The property maintains a Fair Condition Rating (50/100), suggesting the property is in acceptable condition with potential for value enhancement through selective updates and improvements. Located in a high-demand neighborhood within the Monterey Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for both Buy-and-Hold Investors and Owner-Occupants willing to undertake light renovation work.
Property is moderate renovation needed.
Built in 1976, this 48-year-old home is well-maintained but reflects significant dating. While the kitchen and primary bath have received past updates, the aesthetic (white cabinetry, louvered closet doors, and sunken fireplace) suggests renovations are likely 20+ years old. The property is functional and move-in ready but requires cosmetic modernization to align with current 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 expansive 1.15-acre lot features a rare private lighted tennis court and a comprehensive outdoor kitchen with a pizza oven, offering an elite lifestyle for entertaining and recreation.
Built with rare, clear knotless redwood and featuring soaring ceilings, the home showcases exceptional material quality and a timeless design that provides a warm, sophisticated aesthetic.
Living area discrepancy between mls listing and other public or private record. mls listing living area = 3562, other record living area = 3339.
With 160 days on the market and three consecutive price reductions from the original $2.995M, the property faces a perception of stagnation that may impact its perceived value.
Dating back to 1976, the property may require updates to its core systems or finishes to align with the expectations of modern luxury buyers at this price point.
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, (pickleball?), outdoor kitchen with pizza oven and built-in grill, entertaining bar and a flourishing garden. A wine cellar, three-car garage, 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 HOA!
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 | 1,869.953 |
| Lot Size | 50,094 | 7,748.977 |
| Price | $2.69M | $1.35M |
| Price per sq ft | $757 | $729 |
| Built year | 1976 | 1962 |
| HOA | $0 | $431 |
| Days on market | 169 | 50 |
Aug 27, 2026
$2,695,000
$2,795,000
-4% Price Drop
Initial Listing
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