
Monterey, California 93940
This Stunning Renovated Residence is a High-Potential Investment Opportunity, listed at $1,499,000—positioned well below the $1,764,600 Fair Market Value by 15%. This valuation gap offers $265,600 in Instant Equity for the buyer. Featuring a Mint Condition Rating with modern finishes, panoramic bay views, and an expansive deck, this home offers both luxury and immediate value. Its versatile layout and prime Monte Vista location make it an ideal acquisition for Owner-Occupants seeking a turnkey lifestyle or Buy-and-Hold Investors.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 25 Cielo Vista Drive Subject | $1,399,000* List Price | 4 | 3 | 2,485 | $603 | - |
A 3 Forest Rise Place Sold | $1,650,000 | 4 | 3 | 2,663 | $620 | 0.6 mi |
B 791 Toyon Dr. Sold | $1,739,000 | 3 | 3 | 2,400 | $725 | 1.0 mi |
C 1 Crescent Circle Active Under Contract | $1,625,000 List Price | 4 | 3 | 2,928 | $555 | 0.4 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
Although originally built in 1954, the property has undergone a high-end renovation within the last 5 years. The kitchen and bathrooms feature modern finishes, including white shaker cabinetry, stainless steel appliances, and contemporary subway tiling. The interior shows mint condition with updated flooring, recessed lighting, and an open-concept layout, requiring no immediate maintenance.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 10925, living area = 2485.
The property offers exceptional, expansive views spanning from Santa Cruz to Salinas, including stunning city lights and ocean vistas that significantly enhance its market value.
With an open-concept main level, a lower-level family room with a serving bar, and multiple outdoor decks, the home is perfectly designed for hosting and indoor-outdoor living.
Built in 1954, the property may require updates to original systems or structural elements to align with modern energy efficiency and building standards.
The split-level configuration, with the primary suite and family room on the lower level, may be less appealing to buyers prioritizing single-story accessibility.
Panoramic bay views envelope you upon entering this beautiful 4 bdrm, 3 bath home in the desirable Monte Vista neighborhood. The open-concept floor plan on the main level is filled with natural light and views spanning from Santa Cruz to Salinas, with city lights visible at night. Flowing through the living room, dining room, and kitchen, you will find sliding glass doors that lead to an expansive outdoor deck. 2 bedrooms and a full bath complete the entry level. Located on the lower level, the primary bedroom features a luxurious ensuite bath with a walk-in shower and soaking tub, living quarters with a fireplace, a sitting area with forest views, and a sliding glass door to a secondary outdoor deck and covered patio. Additionally, located on the lower level is a family room with a serving bar, access to outdoor areas, and an additional ensuite bedroom. Spacious home perfect for entertaining and ideally located within close proximity to all the Monterey Peninsula has to offer.
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 | 2,485 | 1,869.953 |
| Lot Size | 10,925 | 7,748.977 |
| Price | $1.40M | $1.35M |
| Price per sq ft | $563 | $729 |
| Built year | 1954 | 1962 |
| HOA | $0 | $431 |
| Days on market | 43 | 50 |
Aug 31, 2026
$1,399,000
$1,499,000
-7% Price Drop
Initial Listing
Jul 28, 2026
$1,499,000
Initial Listing
Jun 29, 2012
$486,500
Public Record
Jun 29, 2012
$486,500
Public Record
Jul 16, 2004
$820,000
Public Record