
Monterey, California 93940
This Spacious Duplex represents a High-Potential Investment Opportunity, listed at $2,377,000—positioned above the $2,282,994 Fair Market Value. While priced at a premium, the property offers Panoramic Coastal Views and a versatile 2,772 square foot layout, making it a rare find for multi-generational living or rental income. With a Condition Rating of 3, the home is move-in ready while offering potential for cosmetic modernization. This is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking a prime Monterey location near Fisherman’s Wharf.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 202 Watson Street Subject 0 bd · 0 ba · 2,772 sqft · $747 | $2,199,000* List Price | 0 | 0 | 2,772 | $747 | - |
A 700 David Avenue Sold 0 bd · 0 ba · 2,235 sqft · $694 · 0.9 mi | $1,550,000 | 0 | 0 | 2,235 | $694 | 0.9 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
The property is well-maintained, functional, and move-in ready despite its 1929 build date. The living areas feature updated flooring, clean paint, and a vaulted wood ceiling. The kitchen is clean and fully functional, though it features somewhat dated tile countertops and cabinetry from an older renovation.
The property offers exceptional sweeping vistas of Monterey Harbor, the bay, and city lights from both units, significantly enhancing its market value and aesthetic appeal.
As a spacious duplex totaling 2,772 square feet, this property provides a rare opportunity for multi-generational living or high-demand rental income in a premier coastal location.
Ideally situated minutes from downtown Monterey and Fisherman’s Wharf, the address offers residents immediate access to world-class dining, shopping, and historic attractions.
Living area discrepancy between mls listing and other public or private record. mls listing living area = 2772, other record living area = 2858.
Built in 1929, the nearly century-old structure may require significant ongoing maintenance or updates to its core systems to meet modern efficiency and building standards.
The assigned local schools, specifically the middle school with a rating of 3, may be a drawback for families prioritizing top-tier educational districts at this luxury price point.
Welcome to 202 Watson Street, a rare duplex offering panoramic bay views, with sweeping vistas of Monterey harbor and its sail, fishing, and whale watching boats, the downtown skyline with its twinkling city lights, and distant mountains beyond. Ideally located minutes from downtown Monterey and its shops and restaurants, plus the historic charm of Fisherman's Wharf, this address puts the best of Monterey at your doorstep. Besides the view and location, the duplex offers an excellent opportunity for a multi generational family, with views enjoyed from both units! Upstairs, Unit A offers 2 beds and 1 bath across 1,338 square feet of light filled living space, a deck off the dining area, kitchen and back bedroom, a fireplace and bonus air conditioning system. Downstairs, Unit B offers 3 beds and 1.5 baths across 1,434 square feet, opening onto a patio and backyard. The spacious backyard offers a producing apple tree and storage shed, along with a garage and additional parking that complete this rare offering. Whether you are envisioning multi generational living, an investment opportunity, or simply want to own a slice of Monterey with unforgettable views, this home is ready to welcome its next chapter.
No exterior & parking available.
Grades K-5 • 1.1 mi
Grades 6-8 • 1.1 mi
Grades 9-12 • 0.5 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 0.0 | 0.0 |
| Baths | 0.0 | 0.0 |
| Square foot | 2,772 | 2,835.5 |
| Lot Size | 5,400 | 5,549 |
| Price | $2.20M | $1.54M |
| Price per sq ft | $793 | $631 |
| Built year | 1929 | 1978 |
| HOA | $0 | $0 |
| Days on market | 28 | 112 |
Oct 13, 2026
$2,199,000
$2,377,000
-7% Price Drop
Initial Listing
Sep 26, 2026
$2,377,000
Initial Listing