202 Watson Street, Monterey, California 93940, Monterey, 93940 - 5 bed, 3 bath
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202 Watson Street
Monterey, California 93940
ACTIVE
CONDITION: GOOD
5Beds
3Baths
2,772Sq Ft
5,400Lot Size
Property Price
LIST PRICE$2,377,000
EST. MARKET VALUE
$2,157,670
10% AboveMARKET VALUE
SUMMARY
This Multi-Generational Duplex represents a High-Potential Investment Opportunity, listed at $2,377,000—positioned well above the $2,142,493 Fair Market Value by -10%. While priced at a premium, the property offers Panoramic Bay Views and a versatile layout for extended family living. With a Condition Rating of 3, the home is move-in ready but offers room for modernization. Its proximity to Monterey High School and downtown amenities enhances long-term appeal. This is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking a coastal asset.
Estimated Market Value
$2,157,670
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 |
|---|---|---|---|---|---|---|
★ 202 Watson Street Subject | $2,377,000* List Price | 5 | 3 | 2,772 | $778 | - |
A 600 Oak Street Sold | $1,925,000 | 4 | 2 | 2,516 | $765 | 0.7 mi |
B 675 Pine Street Sold | $2,105,000 | 5 | 4 | 2,491 | $845 | 0.7 mi |
C 701 Archer Street Sold | $1,700,000 | 3 | 3 | 1,897 | $896 | 0.7 mi |
D 932 Monterey Circle Sold | $1,700,000 | 4 | 3 | 2,123 | $801 | 0.9 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Good
TeardownExcellent
Property is move-in ready.
While originally built in 1929, the property is well-maintained and move-in ready. The interior shows evidence of a renovation likely performed 15-20 years ago, featuring functional tile countertops and cabinetry in the kitchen. The living areas have been updated with more recent laminate flooring and recessed lighting, and the inclusion of a bonus AC system suggests some system updates have occurred.
PROSSTRENGTHS & OPPORTUNITIES
- Panoramic Bay Views
The property features sweeping vistas of Monterey Harbor, the downtown skyline, and distant mountains, with these exceptional views accessible from both units.
- Multi-Generational Versatility
As a rare duplex offering, the layout provides excellent flexibility for extended family living or a high-potential investment opportunity in a desirable coastal market.
- Prime Coastal Location
Ideally situated minutes from downtown Monterey and Fisherman's Wharf, the address offers immediate proximity to premier dining, shopping, and historic attractions.
CONSRISKS & DEFICIENCIES
- MLS Listing Discrepancy
Living area discrepancy between mls listing and other public or private record. mls listing living area = 2772, other record living area = 2858.
- Limited Bathroom Count
The bathroom-to-bedroom ratio is low for a property at this price point, with only one bathroom serving the two-bedroom unit and 1.5 bathrooms for the three-bedroom unit.
- Vintage Infrastructure
Built in 1929, the property may require significant capital investment to modernize aging systems and improve energy efficiency to meet contemporary standards.
About 202 Watson Street
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.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1929
- Lot Size
- 5,400 Sq. Ft.
Interior
- Total Bedrooms
- 5
- Total Bathrooms
- 3 (3 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Monterey Unified Schools
Monte Vista
Grades K-5 • 1.1 mi
5/10
Walter Colton
Grades 6-8 • 1.1 mi
3/10
Monterey High School
Grades 9-12 • 0.5 mi
6/10
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 5.0 | 3.0 |
| Baths | 3.0 | 2.5 |
| Square foot | 2,772 | 1,869.953 |
| Lot Size | 5,400 | 7,748.977 |
| Price | $2.38M | $1.35M |
| Price per sq ft | $858 | $729 |
| Built year | 1929 | 1962 |
| HOA | $0 | $431 |
| Days on market | 37 | 50 |
Pricing History
Listed for Sale
Aug 3, 2026
$2,377,000
Initial Listing