
Monterey, California 93940
This Flexible Single-Family Residence represents a Strong Value Opportunity, listed at $1,615,000—positioned slightly above the $1,586,472 Fair Market Value. While the property requires cosmetic updates to its 1960s-era kitchen, it boasts a Condition Rating of 3 with significant infrastructure upgrades, including a new roof and furnace. The expansive 0.46-acre lot backing a city-owned forest provides rare privacy and versatile living configurations. This property is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking a serene, customizable sanctuary in Monterey.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 249 Mar Vista Dr Subject | $1,595,000* List Price | 4 | 3 | 2,127 | $750 | - |
A 241 Soledad Drive Sold | $1,292,500 | 3 | 2 | 1,788 | $723 | 0.3 mi |
B 17 Toda Vista Sold | $1,405,000 | 3 | 3 | 1,720 | $817 | 0.5 mi |
C 9 Sommerset Sold | $1,955,000 | 3 | 4 | 2,563 | $763 | 0.9 mi |
D 1 Greenwood Way Active | $1,695,000 List Price | 4 | 3 | 2,625 | $646 | 0.3 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
Although built in 1960, the property has undergone significant recent improvements including a new roof, furnace, sewer line, and water heater. The interior is well-maintained and move-in ready with new flooring and sunrooms, though the kitchen retains dated tile countertops and older cabinet styles that prevent an 'Excellent' rating.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 20037, living area = 2127.
The property sits on a rare, nearly half-acre lot backing onto a city-maintained forest, offering exceptional privacy and a serene natural setting seldom found in Monterey.
Recent high-value improvements including a new roof, sewer line, furnace, and water filtration system significantly reduce immediate capital expenditure and maintenance concerns for the buyer.
With 67 days on market and four consecutive price reductions from the original $1.85M list price, the property has struggled to find its market value, which may lead to buyer caution.
Despite significant system upgrades, the 1960s origin and specific finishes like terracotta tile may require additional cosmetic investment to meet the preferences of buyers seeking a contemporary interior.
A rare Monterey retreat—newly repositioned, thoughtfully improved, and surrounded by nature. Set on an oversized, private lot of nearly one-half acre, this distinctive single-level residence offers four bedrooms, two-and-one-half baths, and approximately 2,127 square feet of warm, versatile living space. A fully permitted addition creates two separate living areas, providing exceptional flexibility for entertaining, working from home, extended household living, or simply enjoying room to spread out. The newly completed sunroom draws in abundant natural light and creates a peaceful place to gather, read, dine, or take in the surrounding landscape. Substantial improvements include a new roof, new sewer line, new sunrooms, new furnace, water heater and whole-house water filtration system, offering meaningful upgrades beneath the beauty of the home. Rich wood flooring and classic terracotta tile add warmth, texture, and timeless California character throughout. Outside, the dual-entry circular driveway offers ease, convenience, and ample access, while the expansive grounds provide privacy and space rarely found this close to the heart of Monterey. Behind the property, a City-owned and maintained forest forms a serene natural backdrop, creating a sense of seclusion, greenery, and quiet. With its generous lot, flexible floor plan, updated systems, inviting sunroom, and remarkable connection to nature, 249 Mar Vista Drive is more than a home—it is a private sanctuary with room to live, gather, and grow on the Monterey Peninsula.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 4.0 | 3.0 |
| Baths | 3.0 | 2.5 |
| Square foot | 2,127 | 1,869.953 |
| Lot Size | 20,037 | 7,748.977 |
| Price | $1.59M | $1.35M |
| Price per sq ft | $750 | $729 |
| Built year | 1960 | 1962 |
| HOA | $0 | $431 |
| Days on market | 103 | 50 |
Aug 26, 2026
$1,595,000
$1,615,000
-1% Price Drop
Initial Listing
Aug 1, 2026
$1,615,000
$1,699,000
-5% Price Drop
Initial Listing
Jul 19, 2026
$1,699,000
$1,785,000
-5% Price Drop
Initial Listing
Jun 6, 2026
$1,785,000
$1,850,000
-4% Price Drop
Initial Listing
May 29, 2026
$1,850,000
Initial Listing
Mar 8, 2023
$1,386,000
Public Record
Feb 19, 2020
$800,000
Public Record
Aug 6, 2013
$621,807
Public Record
Feb 12, 1998
$415,000
Public Record