
Monterey, California 93940
This Turnkey Single Family Residence represents a Strong Value Opportunity, listed at $1,399,000—positioned well below the $1,499,000 Fair Market Value by 6%. This valuation gap provides $100,000 in Instant Equity. Featuring a high-end renovation and an Excellent Condition Rating, the home offers panoramic bay views, an expansive deck, and a luxurious primary suite. This property is an ideal acquisition for Owner-Occupants seeking a move-in ready lifestyle or discerning buyers looking for immediate value in the Monterey Peninsula.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 25 Cielo Vista Drive Subject 4 bd · 3 ba · 2,485 sqft · $563 | $1,399,000* List Price | 4 | 3 | 2,485 | $563 | - |
A 3 Forest Rise Place Sold 4 bd · 3 ba · 2,663 sqft · $620 · 0.6 mi | $1,650,000 | 4 | 3 | 2,663 | $620 | 0.6 mi |
B 1 Crescent Circle Sold 4 bd · 3 ba · 2,928 sqft · $557 · 0.4 mi | $1,630,000 | 4 | 3 | 2,928 | $557 | 0.4 mi |
C 791 Toyon Dr. Sold 3 bd · 3 ba · 2,400 sqft · $725 · 1.0 mi | $1,739,000 | 3 | 3 | 2,400 | $725 | 1.0 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
While originally built in 1954, the property has undergone a comprehensive high-end renovation within the last 5 years. The kitchen features modern white shaker cabinetry, stone countertops, and stainless steel appliances. Bathrooms have been fully updated with contemporary subway tile and fixtures. The interior shows mint condition with recessed lighting, new flooring, 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 features exceptional views spanning from Santa Cruz to Salinas, including Monterey Bay and city lights, which are maximized by an open-concept layout and expansive decking.
With a spacious 2,485 sqft floor plan including a family room with a serving bar and multiple outdoor access points, the home is perfectly designed for hosting and indoor-outdoor living.
The property has been on the market for 48 days and has already required a $100,000 price reduction, indicating potential challenges with initial valuation or buyer interest.
Built in 1954, the home may require more intensive maintenance or updates to its original infrastructure compared to newer residential developments in the Monterey Peninsula.
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 | 2.4 |
| Square foot | 2,485 | 1,795.679 |
| Lot Size | 10,925 | 8,154.071 |
| Price | $1.40M | $1.25M |
| Price per sq ft | $563 | $732 |
| Built year | 1954 | 1961 |
| HOA | $0 | $461 |
| Days on market | 88 | 61 |
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