
Salinas, California 93908
This Custom-Built Markham Ranch Estate presents a High-Potential Investment Opportunity, listed at $2,495,000—positioned above the $2,143,139 Fair Market Value. While currently priced above market, the property offers significant value-add potential through cosmetic modernization. Featuring a 4-acre lot, 3,600 sqft floor plan, and a detached garage with loft, the home provides a versatile layout for multi-generational living. With a Fair Condition Rating, this asset is ideal for Value-Add Investors or Owner-Occupants looking to personalize a rare, view-oriented property in a prestigious community.
Property is moderate renovation needed.
Built in 1997, this property is nearly 30 years old and shows mostly original finishes. The kitchen features dated oak cabinetry, and the interior contains older style carpeting, including a prominent teal carpeted room. The listing description explicitly notes the home offers an 'opportunity to update and personalize,' which aligns with the Fair rating for a well-maintained but dated home needing cosmetic updates.
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, guests, or a private professional home office.
Situated on over 4 acres of usable land 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, the residence is noted as an opportunity to update and personalize, suggesting that the interior finishes may be dated and require additional capital investment.
With 61 days on the market, the property may be experiencing buyer hesitation, potentially due to the current list price relative to the required renovations.
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 | 1,582.189 |
| Lot Size | 189,921 | 6,844.911 |
| Price | $2.50M | $805.1K |
| Price per sq ft | $693 | $518 |
| Built year | 1997 | 1974 |
| HOA | $195.0 | $210 |
| Days on market | 87 | 45 |
Jul 29, 2026
$2,495,000
Initial Listing
Apr 23, 1996
$181,000
Public Record