
Monterey, California 93940
This Stunning Luxury Estate is a Strong Value Opportunity, listed at $4,295,000—positioned well below the $4,720,996 Fair Market Value by 9%. This valuation gap offers $425,996 in Instant Equity. Featuring a Condition Rating of 2, the home boasts a comprehensive high-end renovation, panoramic ocean views, and a professional-grade outdoor kitchen with pool. This turnkey sanctuary balances financial upside with an elite lifestyle, making it an ideal acquisition for Luxury Homebuyers or Discerning Investors seeking a premier Monterey asset.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 26264 Paseo Del Sur Subject | $4,295,000* List Price | 4 | 5 | 4,720 | $1,000 | - |
A 11251 Saddle Road Active Under Contract | $4,850,000 List Price | 4 | 7 | 5,626 | $862 | 0.6 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
Although built in 1993, the property has undergone a comprehensive, high-end renovation within the last 5 years. The interior features modern Craftsman styling with updated hardwood floors, a contemporary kitchen with premium finishes, and spa-like bathrooms with modern stone slabs and fixtures. The exterior and systems, including central A/C and a generator, are in mint condition, and the professional-grade outdoor kitchen and pool area show no signs of deferred maintenance.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 114563, living area = 4720.
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =114563, other record lot size in square feet = 112895. Living area discrepancy between mls listing and other public or private record. mls listing living area = 4720, other record living area = 4219. Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 4, other record bedroom count = 2.
Rising above the highest point within Bay Ridges private gates, this 2.63-acre estate is offered up for sale with its own gated entry and exceptional privacy. Expansive vistas include Carmel Valley and the Santa Lucia Mountains out to the Pacific Ocean. Showcasing the scenery, this updated Craftsman-style main residence offers open trussed ceilings, hardwood floors, plaster walls, and central A/C. A spacious kitchen with a large island, bar seating, and butlers pantry opens to a scenic deck, while the primary suite includes a walk-in closet and spa-like bath with a soaking tub. Living is easy in the Monterey sun with multiple outdoor living spaces. Cool off in the sparking pool or warm yourself at night around the fire pit. Entertaining spaces abound with a bocce court, pergola-covered dining and lounge areas, a full kitchen including gas and Santa Maria-style grills with a pizza oven rounding it all out. The detached guest house with a kitchen and full bath adds flexibility while two spacious 3-car garages allow for abundant parking and storage. A porte cochere, generator, and numerous upgrades complete this special property. Experience quiet mornings, lively dinners, and sunset evenings surrounded by stunning views of the Monterey Peninsula.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 4.0 | 3.0 |
| Baths | 5.0 | 2.5 |
| Square foot | 4,720 | 1,869.953 |
| Lot Size | 114,563 | 7,748.977 |
| Price | $4.29M | $1.35M |
| Price per sq ft | $910 | $729 |
| Built year | 1993 | 1962 |
| HOA | $240.0 | $431 |
| Days on market | 9 | 50 |
Aug 31, 2026
$4,295,000
Initial Listing
Feb 3, 2023
$3,136,500
Public Record
Oct 5, 2011
$1,350,000
Public Record