29 Elk Run, Monterey, California 93940, Monterey, 93940 - 4 bed, 4 bath
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Monterey, California 93940
This Stunning Move-In Ready Home is a Strong Value Opportunity, listed at $2,475,000—positioned well below the $2,636,259 Fair Market Value by 6%. This valuation gap offers $161,259 in Instant Equity for the buyer. Featuring a chef-inspired kitchen, wide-plank oak flooring, and a Mint Condition Rating, this residence offers a serene lifestyle with scenic greenbelt views. While the middle school rating is modest, the proximity to Foothill Elementary adds appeal. This is an ideal acquisition for Owner-Occupants or discerning professionals seeking a turnkey Monterey retreat.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 29 Elk Run Subject | $2,475,000* List Price | 4 | 4 | 3,351 | $787 | - |
A 28 Elk Run Sold | $2,225,000 | 4 | 3 | 2,489 | $894 | 0.0 mi |
B 35 Deer Forest Drive Sold | $2,275,000 | 4 | 3 | 2,667 | $853 | 0.5 mi |
C 22 Deer Forest Drive Active Under Contract | $2,175,000 List Price | 4 | 3 | 3,125 | $696 | 0.4 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
Although built in 1984, the property has undergone a comprehensive high-end renovation within the last 5 years. It features a chef-inspired kitchen with custom cabinetry and stone countertops, fully updated bathrooms with modern tile work and fixtures, and new designer wide-plank oak flooring throughout. The presence of dual-pane windows and modern systems indicates a mint-condition, move-in ready home.
Situated at the end of a quiet cul-de-sac in the prestigious Deer Flats neighborhood, the property backs onto a natural greenbelt, offering exceptional privacy and serene forested views.
The home features high-end finishes including designer wide-plank oak flooring, updated bathrooms, and a chef-inspired kitchen with custom cabinetry, blending contemporary style with functional luxury.
With over 3,300 square feet of living area, soaring ceilings, and multiple sunlit decks, the residence provides a spacious and airy environment ideal for both relaxation and entertaining.
Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 4, other record bedroom count = 3.
The assigned middle school has a lower rating (3/10), which may be a significant consideration for families prioritizing high-performing educational institutions.
Given the 1984 construction and the heavily forested setting, the property may require diligent ongoing maintenance for the wooden decks and exterior to manage moisture and natural wear.
Tucked away at the end of a quiet cul-de-sac in Montereys sought-after Deer Flats neighborhood, this custom residence offers a peaceful retreat surrounded by forested beauty. Backing onto a natural greenbelt, the home blends privacy, comfort, and scenic views. Inside, expansive windows and soaring ceilings fill the space with natural light. With 4 bedrooms, 3.5 bathrooms, three fireplaces, a chef-inspired kitchen, updated bathrooms, and sunlit decks, every detail is designed for comfortable, elevated living. At the heart of the home is a spacious kitchen where views of Jacks Peak and the surrounding greenery create a calm, inviting atmosphere. The tranquil setting and gentle rhythm of Deer Flats make this home feel like a true Monterey escape. Outdoor decks provide quiet spaces to relax and take in the tree-top surroundings, while thoughtful upgradesincluding designer wide-plank oak flooring, dual-pane windows, and custom cabinetryadd both style and function. An attached two-car garage and generous storage complete the experience. Just minutes from downtown Monterey, the Wharf, beaches, Carmel, shopping, and dining, this home offers an exceptional balance of comfort, space, and location.
No exterior & parking available.
Grades K-5 • 0.7 mi
Grades 6-8 • 2.7 mi
Grades 9-12 • 2.3 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 4.0 | 3.0 | 61% |
| Baths | 4.0 | 2.0 | 83% |
| Square foot | 3,351 | 2,012 | 83% |
| Lot Size | 10,413 | 7,368 | 63% |
| Price | $2.48M | $1.19M | 95% |
| Price per sq ft | $739 | $669 | 66% |
| Built year | 1984 | 1964 | 69% |
| HOA | $400.0 | $0 | 85% |
| Days on market | 18 | 183 | 2% |
May 26, 2026
$2,475,000
Initial Listing
Mar 25, 2021
$1,556,000
Public Record