
Monterey, California 93940
This Single Family Residence is a Strong Value Opportunity, listed at $3,400,000—positioned slightly above the $3,353,142 Fair Market Value. While the price reflects current market stability, the property offers significant upside through its 3-acre hillside homesite and panoramic bay views. Featuring a Condition Rating of 3, the home is move-in ready with high-end finishes, though it invites cosmetic personalization. With its private guest accommodations and elevated microclimate, this estate is an ideal acquisition for Luxury Homeowners or Multi-Generational Families seeking privacy and prestige.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 25548 Paseo De Cumbre Subject 4 bd · 5 ba · 4,162 sqft · $798 | $3,400,000* List Price | 4 | 5 | 4,162 | $798 | - |
A 11530 Spur Road Active 5 bd · 4 ba · 4,543 sqft · $605 · 0.2 mi | $2,750,000 List Price | 5 | 4 | 4,543 | $605 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
Built in 1991, the property appears very well-maintained and move-in ready. The kitchen features high-end appliances, granite countertops, and dark wood cabinetry consistent with a high-quality renovation from approximately 10-15 years ago. While the aesthetic is slightly dated compared to modern trends, the systems and finishes are functional and in good condition.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 156816, living area = 4162.
Situated on over 3 acres, the estate offers unparalleled privacy and breathtaking views of Monterey Bay, the coastline, and city lights.
The property features a private guest suite above the three-car garage, providing an ideal setup for multi-generational living or long-term visitors.
Living area discrepancy between mls listing and other public or private record. mls listing living area = 4162, other record living area = 4851.
Local schools are located a significant distance from the property, with some commutes exceeding 8 miles, which may be a consideration for families with children.
Built in 1991, the residence may require aesthetic or systems updates to align with the modern luxury expectations of today's high-end buyers.
Situated on over 3 acres this impressive residence occupies a premier hillside homesite offering exceptional privacy and far-reaching views across Monterey Bay, the coastline, rolling countryside, and the glow of city lights after sunset. Encompassing approximately 4,851 square feet, the property includes 4 bedrooms, 4.5 baths, and private guest accommodations above the three-car garage. Formal and casual dining spaces provide flexibility for intimate dinners or larger gatherings, while a gracious living room and separate den/library create distinct settings for entertaining, working, reading, or relaxing. High ceilings and abundant glass fill the interior with natural light and keep the scenery in constant focus. The kitchen and adjoining informal spaces connect easily with the exterior, where generous outdoor entertaining areas create a natural extension of the home for dining, gathering, and enjoying the views. Bay Ridge's elevated location places the property above much of the coastal fog, providing generally sunnier and warmer conditions than areas closer to the shoreline.
No exterior & parking available.
Grades 4-5 • 2.9 mi
Grades K-5 • 5.1 mi
Grades K-3 • 5.2 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 4.0 | 3.0 |
| Baths | 5.0 | 2.4 |
| Square foot | 4,162 | 1,795.679 |
| Lot Size | 156,816 | 8,154.071 |
| Price | $3.40M | $1.25M |
| Price per sq ft | $817 | $732 |
| Built year | 1991 | 1961 |
| HOA | $240.0 | $461 |
| Days on market | 51 | 61 |
Sep 3, 2026
$3,400,000
Initial Listing
Jul 13, 2021
$2,725,000
Public Record
Jul 25, 2014
$2,000,000
Public Record
Jan 4, 2002
$2,295,000
Public Record