425 Via Del Rey, Monterey, California 93940, Monterey, 93940 - 3 bed, 4 bath
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Monterey, California 93940
This Versatile Single Family Residence represents a Strong Value Opportunity, listed at $1,699,999—positioned well below the $1,727,720 Fair Market Value by 1.6%. This valuation gap offers $27,721 in Instant Equity. With a Condition Rating of 4, the home features a fully equipped interior ADU and scenic Monterey Bay views. While cosmetic updates will modernize the 1988 interiors, the expansive 19,137 sqft lot and quiet cul-de-sac location provide significant long-term upside. This property is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking generational living potential.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 425 Via Del Rey Subject | $1,699,999* List Price | 3 | 4 | 2,413 | $716 | - |
A 471 El Dorado Street Sold | $1,900,000 | 3 | 3 | 2,897 | $656 | 1.0 mi |
B 249 Mar Vista Dr Active | $1,785,000 List Price | 4 | 3 | 2,127 | $839 | 1.0 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1988, the property is well-maintained and functional but remains largely dated. While it features a newer roof and clean living areas, the kitchen appliances, cabinetry, and bathroom tile-work appear to be 20-30+ years old, requiring cosmetic and fixture updates to meet modern standards.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 19137, living area = 2413.
The property features a fully equipped interior ADU, providing exceptional flexibility for multi-generational living, guest accommodations, or potential rental income.
Situated at the end of a quiet cul-de-sac bordering a greenbelt, the home offers a rare sense of privacy and tranquility paired with scenic Monterey Bay views.
With 60 days on market and a 'Bring Offers' solicitation, the property is experiencing a lag in buyer interest, which may indicate a disconnect between the asking price and current condition.
Built in 1988, the home likely requires cosmetic or functional updates to meet the contemporary standards expected by luxury buyers in the Monterey Peninsula area.
BRING OFFERS!! This home offers so much with a fully equipped interior In-Law unit ADU, gorgeous water views of the bay, is tucked away at the end of a quiet cul-de-sac, while bordering a greenbelt. Thoughtfully designed across two levels, the home captures scenic Monterey bay views while maintaining a rare sense of tranquility in a park-like setting. Three generously sized bedrooms with possibility for a 4th, including the interior in-law unit, and 3.5 baths, the home is filled with natural light and a flexible floor plan well-suited for comfort, easy entertaining, and generational living. The in-law unit adds exceptional versatility, ideal for extended family, guests, or potential rental income. A newer roof provides added peace of mind while a spacious basement provides ample space for storage or your favorite hobby. The attached two-car garage offers everyday convenience along with additional storage. Minutes from Carmel, Pebble Beach, world-class golf, outdoor recreation, shopping, and restaurants. Make this your destination!
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 3.0 |
| Baths | 4.0 | 2.5 |
| Square foot | 2,413 | 1,829.5 |
| Lot Size | 19,137 | 7,517.5 |
| Price | $1.70M | $1.29M |
| Price per sq ft | $705 | $686 |
| Built year | 1988 | 1962 |
| HOA | $200.0 | $495 |
| Days on market | 82 | 63 |
Jun 19, 2026
$1,699,999
$1,699,000
+0% Price Increase
Initial Listing
Jun 14, 2026
$1,699,000
$1,799,000
-6% Price Drop
Initial Listing
May 1, 2026
$1,799,000
Initial Listing
Apr 26, 2012
$725,000
Public Record