
Monterey, California 93940
This Reimagined Luxury Estate is a Strong Value Opportunity, listed at $4,395,888—positioned well below the $4,705,919 Fair Market Value by 6%. This valuation gap offers $310,031 in Instant Equity. Featuring an Excellent Condition Rating, the home boasts Panoramic Ocean and City Light Views, custom white oak cabinetry, and a private 2.34-acre setting. This sanctuary provides a rare, elevated lifestyle above the marine layer, making it an ideal acquisition for Luxury Homeowners or Discerning Investors seeking a turnkey, high-prestige property.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 26048 Paseo Del Sur Subject 4 bd · 5 ba · 4,635 sqft · $1,015 | $4,395,888* List Price | 4 | 5 | 4,635 | $1,015 | - |
A 11251 Saddle Road Sold 4 bd · 7 ba · 5,626 sqft · $862 · 0.7 mi | $4,850,000 | 4 | 7 | 5,626 | $862 | 0.7 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
While originally built in 1987, the property has been 'completely reimagined' with high-end renovations likely completed within the last 5 years. The interior features modern wide-plank flooring, custom white oak cabinetry, honed stone surfaces, and premium California Faucets, indicating a mint-condition, move-in ready estate with no deferred maintenance.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 101930, living area = 4635.
Situated at 1,300 feet in Monterey's coveted sun belt, the property sits above the marine layer, offering warmer temperatures and clearer skies than lower-elevation coastal homes.
The estate offers a rare double-gated entry within the exclusive Bay Ridge community, featuring a private circular drive and porte-cochere on a secluded 2.34-acre lot.
The expansive 2.34-acre lot with mature oaks and a large, multi-level residence will require significant ongoing investment for landscaping and exterior upkeep.
While offering a sanctuary above the bustle, the high-elevation location and double-gated access result in a longer commute to downtown Monterey and Carmel for daily errands and services.
Reimagined luxury estate on 2.34 private acres, high above the coastal fog with extraordinary views. Privately gated twice - Bay Ridge, then your own gate on a private court. The circular drive and porte-cochere make the arrival feel like an estate. A custom-crafted red oak and iron staircase rises to the upstairs primary suite: vaulted ceilings, lounge, spa bath, and double French doors to a balcony above the fog line. Fall asleep to lights in the valley. Wake as sunrise pours over hills still wrapped in mist, the ocean beyond. Evenings bring city lights. Elevated around 1,300 feet in Monterey's sun belt - warmer, clearer, above the marine layer. Oversized bedrooms are ensuite, with honed stone, glass, satin bronze California Faucets, and custom hand-built white oak cabinets. Secluded office with a private balcony and direct access to the expansive 3-car garage and storage loft. Private guest suite with its own patio and a door to the wraparound drive. Just a short drive to Carmel Valley and Monterey Peninsula's most treasured destinations, yet a world above the coastal bustle. Come experience what it feels like to be above it all.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 4.0 | 3.0 |
| Baths | 5.0 | 2.4 |
| Square foot | 4,635 | 1,795.679 |
| Lot Size | 101,930 | 8,154.071 |
| Price | $4.40M | $1.25M |
| Price per sq ft | $948 | $732 |
| Built year | 1987 | 1961 |
| HOA | $240.0 | $461 |
| Days on market | 9 | 61 |
Oct 15, 2026
$4,395,888
Initial Listing
Jun 30, 2025
$3,100,000
Public Record
Mar 18, 2005
$2,195,000
Public Record