22 Deer Forest Drive, Monterey, California 93940, Monterey, 93940 - 4 bed, 3 bath
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Monterey, California 93940
This Turnkey Coastal Sanctuary is a Prime Investment Opportunity listed at $2,175,000—positioned well below the $2,249,000 Fair Market Value by 3%. This valuation secures $74,000 in Instant Equity for a residence with an Excellent Condition Rating following a comprehensive modern renovation. Located in the prestigious Deer Flats neighborhood near Foothill Elementary, the 3,125 sq ft layout includes a renovated kitchen, vaulted entry, and scenic greenbelt views. This home is ideal for growing families or Owner-Occupants prioritizing space and a move-in-ready lifestyle.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 22 Deer Forest Drive Subject | $2,175,000* List Price | 4 | 3 | 3,125 | $696 | - |
A 28 Elk Run Sold | $2,225,000 | 4 | 3 | 2,489 | $894 | 0.4 mi |
B 35 Deer Forest Drive Sold | $2,275,000 | 4 | 3 | 2,667 | $853 | 0.1 mi |
C 7 Antelope Lane Sold | $1,625,000 | 4 | 3 | 2,528 | $643 | 0.3 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
While built in 1986, the property has undergone a comprehensive modern renovation within the last 5 years. The kitchen and bathrooms feature contemporary shaker cabinetry, stone countertops, and high-end fixtures. With new carpeting, updated flooring, and mint-condition finishes throughout, the home is in move-in ready condition with no deferred maintenance.
Situated in the sought-after Deer Flats neighborhood, the property offers a serene, park-like setting near Jacks Peak while remaining minutes from downtown Monterey and Carmel.
With over 3,100 sq ft, the home features a functional layout including a primary suite with a private office and a separate bonus room, ideal for remote work and flexible lifestyle needs.
The residence boasts tasteful modern updates, including renovated bathrooms and new carpeting, paired with vaulted ceilings and large windows that maximize natural light.
While the local elementary school is well-rated, the assigned middle school has a lower rating of 3, which may be a concern for families focused on long-term educational quality.
A recent price reduction from the original list price suggests the property may be facing challenges with market absorption at its current valuation relative to historical sales.
Tucked into Montereys desirable Deer Flats neighborhood, this spacious 3,125 sq ft home sits in a sunny, park-like setting near Jacks Peak, with quiet, walkable streets that feel a world away from the bustle. Designed with everyday living and entertaining in mind, the vaulted entry opens into an easy, flowing layout connecting the living room, dining area, kitchen, and family room. Large windows throughout bring in beautiful natural light and give the home an open, airy feel. With four bedrooms and two and a half baths, the home also features updated bathrooms, new carpeting, and clean, modern finishes. The primary suite includes a dedicated office - perfect for working from home - while a separate bonus room offers flexibility for a playroom, media space, or whatever fits your lifestyle. Outside, the backyard is set up to enjoy, with a spacious deck, terraced areas, and room to play or relax. Theres also an attached two-car garage and plenty of storage throughout. All of this just minutes from downtown Monterey, the Wharf, beaches, Carmel, and everyday shopping - making it an ideal blend of comfort, space, and location.
No exterior & parking available.
Grades K-5 • 0.4 mi
Grades 6-8 • 3.0 mi
Grades 9-12 • 2.6 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 4.0 | 3.0 | 61% |
| Baths | 3.0 | 2.0 | 51% |
| Square foot | 3,125 | 2,012 | 78% |
| Lot Size | 11,761 | 7,368 | 69% |
| Price | $2.17M | $1.19M | 83% |
| Price per sq ft | $696 | $669 | 58% |
| Built year | 1986 | 1964 | 73% |
| HOA | $400.0 | $0 | 85% |
| Days on market | 100 | 184 | 17% |
Apr 6, 2026
$2,175,000
$2,249,000
-3% Price Drop
Initial Listing
Mar 6, 2026
$2,249,000
Initial Listing
Feb 27, 2020
$1,125,000
Public Record
Jul 10, 2019
$850,000
Public Record
May 31, 2000
$610,000
Public Record