
Monterey, California 93940
This Refreshed Coastal Residence is a Strong Value Opportunity, listed at $1,085,000—positioned well below the $1,174,878 Fair Market Value by 7%. This valuation gap offers $89,878 in Instant Equity for the buyer. Featuring a Condition Rating of 3, the home offers a reverse floor plan with ocean views, a deck, and a patio. Located near Top-Rated Schools like Pacific Grove High, this property is an ideal acquisition for Owner-Occupants or first-time buyers seeking a move-in ready coastal lifestyle.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 2363 Irving Avenue Subject | $1,085,000* List Price | 3 | 2 | 1,540 | $763 | - |
A 779 Alice Street Sold | $1,050,000 | 3 | 2 | 1,343 | $782 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
Built in 1982, this property has been recently 'refreshed' with fresh interior paint and updated flooring. The open-concept kitchen and living areas with vaulted ceilings present as well-maintained and move-in ready. While the structure is 42 years old, the cosmetic updates and functional layout elevate it above the 'Fair' category, though it lacks the full-scale modern renovation required for an 'Excellent' rating.
High School: Pacific Grove High School (9/10).
The property boasts an exceptional location with high walkability to world-class attractions like Cannery Row and the Monterey Bay Aquarium, as well as everyday conveniences like Trader Joe's and local parks.
The reverse floor plan and soaring vaulted ceilings are specifically designed to maximize the stunning ocean and bay views from the primary living, dining, and kitchen areas.
With a lot size of just 2,341 square feet, the property offers very little outdoor yard space, which may be a disadvantage for buyers seeking private gardens or play areas.
At a list price of $1,085,000 for 1,540 square feet, the property commands a premium price point that may be challenging for buyers looking for more interior volume for their investment.
Experience the best of coastal living in this beautifully refreshed 3-bedroom, 2-bathroom home with a reverse floor plan designed to capture ocean views. The light-filled upper level features soaring vaulted ceilings and an open-concept living, dining, and kitchen area, creating an inviting space that's perfect for everyday living and entertaining. Freshly painted throughout, the home offers a spacious two-car garage and a thoughtfully designed layout that combines comfort, style, and functionality. Ideally located in a quiet neighborhood just minutes from Cannery Row, the Monterey Bay Aquarium, Lovers Point Beach, and the Monterey Bay Coastal Recreation Trail, this home is also just a short walk to Hilltop Park, Starbucks, Trader Joe's, supermarkets, and a variety of popular restaurants and everyday conveniences. Enjoy easy access to world-class dining, boutique shopping, beautiful beaches, and the best of the Monterey Peninsula. Whether you're searching for a full-time residence, weekend getaway, or investment opportunity, this home offers ocean views, an exceptional location, and the quintessential Monterey coastal lifestyle.
No exterior & parking available.
Grades K-5 • 0.6 mi
Grades K-5 • 1.4 mi
Grades 6-8 • 0.5 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 3.0 |
| Baths | 2.0 | 2.5 |
| Square foot | 1,540 | 1,829.5 |
| Lot Size | 2,341 | 7,517.5 |
| Price | $1.08M | $1.29M |
| Price per sq ft | $705 | $686 |
| Built year | 1982 | 1962 |
| HOA | $0 | $495 |
| Days on market | 22 | 63 |
Jun 30, 2026
$1,085,000
Initial Listing