25983 High Terrace Lane, Salinas, California 93908, Salinas, 93908 - 4 bed, 5 bath
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Salinas, California 93908
This Versatile Multi-Unit Estate is a High-Potential Investment Opportunity, listed at $1,779,000—positioned well above the $1,563,612 Fair Market Value by -13%. While priced above market, the property offers significant utility through a 3,754 sqft main house and an 881 sqft guest house, ideal for multi-generational living. Featuring a Condition Rating of 3, the home includes modern Tesla backup batteries and granite kitchen finishes. This expansive 3.5-acre property is an ideal acquisition for Owner-Occupants seeking privacy or Multi-Generational Families.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 25983 High Terrace Lane Subject | $1,779,000* List Price | 4 | 5 | 3,754 | $417 | - |
A 15847 Pleasant Valley Lane Sold | $1,590,000 | 4 | 3 | 4,373 | $364 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
While built in 1982, the property has undergone significant renovations in the kitchen and bathrooms that appear to be within the 10-15 year range, featuring granite countertops and stainless steel appliances. The electrical system was recently enhanced with Tesla backup batteries in 2023. The home is well-maintained, functional, and move-in ready.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 154202, living area = 3754.
The property features a substantial 3,754 sqft main house with dual primary suites and a separate 881 sqft guest house, offering exceptional flexibility for multi-generational living or hosting.
Situated on over 3.5 acres, the lot provides immense privacy and 'canyon of sunshine' views, with ample space to develop luxury outdoor amenities like a putting green or custom gardens.
Living area discrepancy between mls listing and other public or private record. mls listing living area = 3754, other record living area = 1798.
The monthly association fee of $780 is relatively high and represents a significant recurring carrying cost for the homeowner.
Built in 1982, the property may require additional investment in modernizing systems or aesthetic finishes to meet the standards of today's luxury buyers.
Discover a life of quiet beauty in this large, versatile property where Steinbeck's legacy is your backyard. The main house of 3754 feet approx. features a thoughtful layout with two primary suites with one on the main level, offering ultimate flexibility. A separate guest house of 881 feet approx. with a full bath provides the perfect setup for parents, teenagers, or visiting friends. You will love the "canyon of sunshine," where the fog clears to reveal golden views through expansive windows and 3 fireplaces to enhance your living. Whether you are hosting dinner in the formal dining room or planning your dream garden and putting green, there is room here for every hobby to flourish. 2023 saw the addition of 2 Tesla backup batteries for modern efficiency.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 4.0 | 4.0 | 50% |
| Baths | 5.0 | 3.0 | 94% |
| Square foot | 3,754 | 2,417 | 91% |
| Lot Size | 154,202 | 41,818 | 89% |
| Price | $1.78M | $1.23M | 87% |
| Price per sq ft | $474 | $530 | 38% |
| Built year | 1982 | 1987 | 47% |
| HOA | $780.0 | $145 | 94% |
| Days on market | 44 | 143 | 2% |
Apr 23, 2026
$1,779,000
Initial Listing
Jul 18, 2022
$1,800,000
Public Record