
Monterey, California 93940
This Turnkey Spanish Bungalow represents a Strong Value Opportunity, listed at $949,000—positioned well below the $937,077 Fair Market Value by a negligible margin, reflecting a stable, fair-market entry. Featuring a fully renovated kitchen, designer tile, and a versatile detached bonus space, the property maintains an Excellent Condition Rating. Its prime location near Del Monte Beach offers a high-demand lifestyle for Buy-and-Hold Investors or Owner-Occupants seeking a coastal residence with proven rental performance and immediate move-in readiness.
Property is new construction or fully renovated.
Fully renovated Spanish bungalow featuring a modern kitchen with quartz countertops and stainless appliances, plus a contemporary updated bathroom. The property is in turnkey condition with recent interior and exterior upgrades, meeting the criteria for a high-quality renovation under 5 years old.
Situated in Monterey's desirable 'sun belt,' the property is a short five-minute walk to Del Monte Beach and minutes from the Rec Trail, wharf, and downtown.
This 1924 Spanish bungalow has been fully renovated with a modern kitchen and designer finishes, offering a move-in-ready experience while retaining its historic charm.
The rare street-to-street lot features a detached bonus structure with rear access, providing flexible space for a home office, gym, or creative studio.
At just 748 square feet with a single bathroom, the home's small footprint may be restrictive for families or those requiring more indoor living area.
The assigned middle school has a low rating of 3, which may be a concern for buyers prioritizing high-performing public education districts.
Tucked into Monterey's sun belt a short stroll from Del Monte Beach, this fully renovated Spanish bungalow lives far larger than its footprint. The bright, open main house pairs 1924 character with a remodeled kitchen featuring quartz counters, stainless appliances, and designer tile, plus a beautifully updated bath and two restful bedrooms. Outside is where it wins: a rare street-to-street lot with a private fenced yard, multiple patios for dining al fresco, and a versatile detached bonus space with rear access, ready for your office, gym, or creative pursuits. Walk or bike to the Rec Trail, the wharf, and downtown in minutes, then come home to sunshine while the fog settles elsewhere. Turnkey and proven as a high-performing rental, it shines as a full-time residence, coastal getaway, or income property. Homes offering this location, condition, and flexibility rarely surface at this price. Leave by the back gate and your toes are in the sand in about five minutes.
No exterior & parking available.
Grades K-5 • 1.7 mi
Grades 6-8 • 2.6 mi
Grades 9-12 • 2.0 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 2.0 | 3.0 |
| Baths | 1.0 | 2.5 |
| Square foot | 748 | 1,829.5 |
| Lot Size | 3,200 | 7,517.5 |
| Price | $925.0K | $1.29M |
| Price per sq ft | $1.2K | $686 |
| Built year | 1924 | 1962 |
| HOA | $0 | $495 |
| Days on market | 8 | 63 |
Jul 21, 2026
$925,000
$949,000
-3% Price Drop
Initial Listing
Jul 14, 2026
$949,000
Initial Listing
Jul 13, 2021
$720,000
Public Record