17650 Olson Place, Salinas, California 93907, Salinas, 93907 - 5 bed, 5 bath
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Salinas, California 93907
This Multigenerational Estate is a Strong Value Opportunity, listed at $1,849,000—positioned well below the $1,832,488 Fair Market Value by -0.9%. While priced at market stability, the property offers significant upside through its 2.72-acre lot and 1-bedroom guest unit for rental income. Featuring a Condition Rating of 4, the home provides a solid foundation for cosmetic modernization. With its luxurious primary suite and mountain views, this property is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking a private, flexible sanctuary.
Property is moderate renovation needed.
Built in 2001, the property is over 20 years old and appears to have original finishes. While meticulously maintained and move-in ready, the kitchen and bathrooms are dated, featuring early-2000s oak cabinetry, tile countertops, and glass block shower accents that would require updating to meet modern standards.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 118483, living area = 3578.
The property features a fully equipped 1-bedroom guest unit with a private entrance and kitchen, providing excellent flexibility for rental income, guests, or extended family.
Situated on 2.72 park-like acres within an exclusive gated community, the estate offers a rare level of privacy, serenity, and meticulously maintained outdoor living spaces.
Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 5, other record bedroom count = 4.
The vast 2.72-acre lot and mature landscaping will require significant ongoing financial and time investments for irrigation and professional groundskeeping.
While offering tranquility, the property's location in a gated rural setting may result in longer commute times to major shopping, dining, and urban employment hubs.
17650 Olson Place is situated in a beautiful gated community and offers peaceful living on 2.72 park-like acres. The main residence features 4 bedrooms and 3.5 baths, including a luxurious primary suite complete with a spacious retreat area and a huge walk-in closet. Additional highlights include a beautiful laundry room and a huge three-car garage with ample space for vehicles, storage, and hobbies. Designed for both everyday living and entertaining, the gourmet kitchen opens to a beautiful deck overlooking the meticulously maintained grounds, creating the perfect setting for gatherings or quiet evenings surrounded by nature. An additional guest unit with its own private entrance features 1 bedroom, 1 full bath, and a fully equipped kitchen, making it ideal for multigenerational living, extended family, guests, or potential rental income. Surrounded by mature landscaping and serene outdoor spaces, this exceptional property offers the perfect blend of privacy, comfort, and tranquility in an exclusive gated setting.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 5.0 | 3.0 |
| Baths | 5.0 | 2.0 |
| Square foot | 3,578 | 1,621 |
| Lot Size | 118,483 | 7,100 |
| Price | $1.85M | $803.5K |
| Price per sq ft | $517 | $520 |
| Built year | 2001 | 1970 |
| HOA | $75.0 | $243 |
| Days on market | 38 | 45 |
Jun 14, 2026
$1,849,000
Initial Listing