250 Forest Ridge Road 42, Monterey, California 93940, Monterey, 93940 - 2 bed, 2 bath
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250 Forest Ridge Road 42
Monterey, California 93940
ACTIVE UNDER CONTRACT
CONDITION: EXCELLENT
2Beds
2Baths
1,193Sq Ft
1,185Lot Size
Property Price
LIST PRICE$725,000
EST. MARKET VALUE
$772,948
6% BelowMARKET VALUE
SUMMARY
This Turnkey Condominium represents a Strong Value Opportunity, listed at $725,000—positioned well below the $802,569 Fair Market Value by 9%. This valuation gap provides $77,569 in Instant Equity for the buyer. Featuring a Mint Condition Rating with a renovated kitchen and sweeping ocean views, the property offers a refined, low-maintenance lifestyle. While HOA fees are notable, the move-in-ready status and coastal setting make this an ideal acquisition for Owner-Occupants or first-time buyers seeking immediate quality.
Estimated Market Value
$772,948+$47,948 Equity Potential
Based on Realkey algorithm analyzing recent comparable sales in Monterey.
Comparable Sales Map
Comparables within 1 miles sold in recently
Map unavailable.
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 250 Forest Ridge Road 42 Subject 2 bd · 2 ba · 1,193 sqft · $648 | $725,000* List Price | 2 | 2 | 1,193 | $648 | - |
A 18 Yerba Buena Court Sold 2 bd · 2 ba · 1,164 sqft · $657 · 0.6 mi | $765,000 | 2 | 2 | 1,164 | $657 | 0.6 mi |
B 250 Forest Ridge 70 Active 2 bd · 1 ba · 1,039 sqft · $659 · 0.1 mi | $685,000 List Price | 2 | 1 | 1,039 | $659 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Excellent
TeardownExcellent
Property is new construction or fully renovated.
Although built in 1974, the property has undergone a comprehensive modern renovation within the last 5 years. The kitchen features premium upgraded appliances and cherry wood cabinetry, while the bathrooms showcase contemporary high-end finishes like vertical stack tile and modern vanities. The interior is in mint, turnkey condition with updated flooring and fixtures throughout.
PROSSTRENGTHS & OPPORTUNITIES
- Stunning Coastal Views
The property offers expansive ocean views and forest canopy vistas, providing a rare blend of natural tranquility and scenic beauty.
- Modernized Turnkey Interior
Recently renovated with a high-end kitchen featuring cherry wood cabinetry and premium appliances, plus updated bathrooms, offering a move-in-ready experience.
- Spacious Architectural Design
Soaring high ceilings and an open-concept layout create an airy, expansive atmosphere that maximizes natural light and living space.
CONSRISKS & DEFICIENCIES
- High Association Fees
The monthly HOA fee of $737 is relatively high, which significantly increases the total monthly carrying cost for potential owners.
- Average School Ratings
The assigned middle school has a lower rating of 3/10, which may be a drawback for families prioritizing high-performing school districts.
About 250 Forest Ridge Road 42
Coastal Sanctuary Meets Modern Luxury in Tanglewood Ocean Views & Sunsets! Nestled within a serene forest setting, this turnkey 2-bedroom, 2-bathroom condominium in the coveted Tanglewood community offers an extraordinary blend of natural tranquility, convenience, and refined contemporary living. Soaring high ceilings instantly create an airy, expansive feel, while large windows frame sweeping, unbelievable ocean views that draw the beauty of the Pacific directly into your daily living space. The heart of the home features a beautifully renovated kitchen, curated with rich cherry wood cabinets, sleek countertops, and premium upgraded appliances perfect for effortless entertaining. Anchoring the open-concept living area is a warm and cozy fireplace, inviting you to relax beside the fire while taking in coastal sunsets framed by the surrounding forest canopy. Both bathrooms have been modernized with stylish fixtures and upscale finishes, while each bedroom provides a peaceful, light-filled retreat.
Property Details
Public Facts
- Property Type
- Condominium
- Year Built
- 1974
- Lot Size
- 1,185 Sq. Ft.
Interior
- Total Bedrooms
- 2
- Total Bathrooms
- 2 (2 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $737.0 / Month
Neighborhood Insights
Monterey Unified Schools
Monte Vista
Grades K-5 • 0.8 mi
5/10
Walter Colton
Grades 6-8 • 0.4 mi
3/10
Monterey High School
Grades 9-12 • 0.9 mi
6/10
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 2.0 | 1.6 |
| Baths | 2.0 | 1.1 |
| Square foot | 1,193 | 799.474 |
| Lot Size | 1,185 | 863.368 |
| Price | $725.0K | $584.6K |
| Price per sq ft | $608 | $703 |
| Built year | 1974 | 1977 |
| HOA | $737.0 | $622 |
| Days on market | 40 | 65 |
Pricing History
Listed for Sale
Sep 14, 2026
$725,000
Initial Listing
Sold
Jul 9, 2018
$490,000
Public Record