
Monterey, California 93940
Analysis of 24275 Via Malpaso, Monterey, California 93940 is currently available with a list price of $5,900,000. The property maintains a Excellent Condition Rating (95/100), indicating excellent structural integrity and modern finishes throughout. This turnkey property requires minimal updates and is ready for immediate occupancy. Located in a high-demand neighborhood within the Monterey Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for both Buy-and-Hold Investors and Owner-Occupants willing to undertake light renovation work.
Property is new construction or fully renovated.
This is a brand-new 2025 construction in mint condition. The property features a gourmet kitchen with high-end appliances and Quartzite countertops, spa-like bathrooms, and state-of-the-art systems. As a new build, it requires zero maintenance and meets the highest standards of modern luxury.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 77972, living area = 6003.
High School: Carmel High School (9/10).
Designed by renowned architect Eric Miller and completed in 2025, this 6,003 sq. ft. estate features premium craftsmanship, including European oak floors, Quartzite countertops, and a modern elevator.
The property has been on the market for 466 days, which may lead prospective buyers to question the pricing strategy or liquidity of the luxury segment in this specific area.
A substantial price reduction from the original $6.5M to $5.9M indicates a struggle to find market equilibrium, potentially impacting the perceived long-term value retention for investors.
Discover unparalleled luxury in this brand-new architectural masterpiece by Eric Miller. Situated on 1.79 acres in Monterra, this 6,003 sq. ft. estate blends modern sophistication with timeless elegance. The main residence features a circular entry, light-filled great room, formal dining area, soaring ceilings, wide plank European oak floors, and a cozy fireplace nook. The gourmet kitchen boasts high-end appliances, a large island, Quartzite countertops, and a bright breakfast nook. The primary retreat includes a spa-like bath, soaking tub, spa shower, and two walk-in closets. Additional highlights include an office, wine room, media room, elevator, and 4-car garage. Guest quarters include a separate guest cottage or game/party room that opens to the large patio and a 2nd private guest suite. Designed for indoor-outdoor living, the patios feature a fireplace, fire pit, fountain, and multiple spaces for entertaining. The epitome of luxury living in Monterra, offering privacy, consummate craftsmanship, and endless possibilities.
No exterior & parking available.
Grades K-5 • 0.8 mi
Grades K-5 • 8.4 mi
Grades 6-8 • 3.4 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 4.0 | 3.0 |
| Baths | 6.0 | 2.5 |
| Square foot | 6,003 | 1,869.953 |
| Lot Size | 77,972 | 7,748.977 |
| Price | $5.90M | $1.35M |
| Price per sq ft | $983 | $729 |
| Built year | 2025 | 1962 |
| HOA | $495.0 | $431 |
| Days on market | 509 | 50 |
Mar 9, 2026
$5,900,000
Initial Listing
Apr 18, 2025
$6,500,000
Initial Listing
Jan 13, 2017
$200,000
Public Record