
Salinas, California 93908
This Custom Markham Ranch Residence presents a High-Potential Investment Opportunity, listed at $2,495,000—positioned above the $2,138,456 Fair Market Value. While the list price exceeds current valuation, the property offers significant upside through its 4-acre lot and Multi-Generational Layout with a separate entrance. Featuring a Fair Condition Rating, the home requires modernization to reach its full potential. The inclusion of a 720-square-foot detached garage with loft and Castle Rock views makes this an ideal acquisition for Value-Add Investors or Owner-Occupants seeking a customizable estate.
Property is moderate renovation needed.
Built in 1997, this 27-year-old custom home is well-maintained but remains largely in its original state. The interior features dated elements including oak cabinetry, teal carpeting, and 90s-era fixtures. The listing explicitly mentions the 'opportunity to update and personalize,' which aligns with the criteria for a functional but dated property requiring modernization.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 189921, living area = 3600.
The home features a dedicated wing with a separate entrance, providing an ideal setup for multi-generational living, long-term guests, or a private professional workspace.
Situated on over 4 acres in the prestigious Markham Ranch community, the property offers exceptional privacy and stunning views of Castle Rock.
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =189921, other record lot size in square feet = 3408. Living area discrepancy between mls listing and other public or private record. mls listing living area = 3600, other record living area = 3408.
Built in 1997 and marketed as an opportunity to 'personalize,' the home likely requires significant cosmetic updates to meet modern luxury standards.
The combination of 4+ acres of usable land and multiple large structures will necessitate substantial ongoing maintenance and landscaping costs.
Nestled on over 4 acres in the highly sought-after Markham Ranch community, this custom-built home offers privacy and beautiful Castle Rock views. Built in 1997, the 3,600 square-foot residence was thoughtfully designed to take advantage of its natural surroundings while offering a spacious and functional floor plan, complete with an attached three-car garage. The home features 4 bedrooms, 3 bathrooms, a library, and two dedicated office spaces. A separate entrance to one wing of the home creates an excellent opportunity for multi-generational living, extended family, guests, or a private work-from-home space. The 720-square-foot detached garage with loft provides extra storage. The home offers an opportunity to update and personalize the space while enjoying one of the area's most desirable locations. With usable acreage, privacy, beautiful views, and a quality custom home, this is a rare opportunity to create your own vision in one of Markham Ranch's most sought-after settings.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 4.0 | 3.0 |
| Baths | 3.0 | 2.0 |
| Square foot | 3,600 | 1,586.885 |
| Lot Size | 189,921 | 6,939.262 |
| Price | $2.50M | $809.5K |
| Price per sq ft | $693 | $527 |
| Built year | 1997 | 1973 |
| HOA | $195.0 | $218 |
| Days on market | 42 | 46 |
Jul 29, 2026
$2,495,000
Initial Listing
Apr 23, 1996
$181,000
Public Record