425 Via Del Rey, Monterey, California 93940, Monterey, 93940 - 3 bed, 4 bath
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425 Via Del Rey
Monterey, California 93940
ACTIVE UNDER CONTRACT
CONDITION: FAIR
3Beds
4Baths
2,413Sq Ft
19,137Lot Size
Property Price
LIST PRICE$1,549,998
EST. MARKET VALUE
$1,549,998
SUMMARY
This Spacious Coastal Residence represents a High-Potential Investment Opportunity, currently listed at $1,549,998, which aligns with its $1,549,998 Fair Market Value. While the home maintains a Fair Condition Rating due to its 1988 vintage, the property offers significant upside through cosmetic modernization. Key features include Panoramic Monterey Bay Views, a Versatile Interior ADU, and a generous 19,137 sqft lot. This property is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking to leverage the ADU for supplemental income or multigenerational living.
Estimated Market Value
$1,549,998
Based on Realkey algorithm analyzing recent comparable sales in Monterey.
Comparable Sales Map
Comparables within 1 miles sold in recently
Map unavailable.
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 425 Via Del Rey Subject | $1,549,998* List Price | 3 | 4 | 2,413 | $642 | - |
A 9 Sommerset Sold | $1,955,000 | 3 | 4 | 2,563 | $763 | 0.5 mi |
B 471 El Dorado Street Sold | $1,900,000 | 3 | 3 | 2,897 | $656 | 1.0 mi |
C 150 Shady Lane Sold | $1,175,000 | 3 | 2 | 1,933 | $608 | 0.7 mi |
D 7 Stratford Place Active Under Contract | $1,749,000 List Price | 3 | 3 | 2,730 | $641 | 0.5 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Fair
TeardownExcellent
Property is moderate renovation needed.
Built in 1988 (36 years old), the property falls into the 'Fair' category due to its age and mixed condition. While the kitchen has been updated with newer cabinetry and stainless appliances, the bathrooms remain dated with original pink square tiling and older fixtures. The presence of wall heaters and the 30+ year age of the structure suggest that while the home is well-maintained and move-in ready, it requires cosmetic updates and potential system modernizations to meet modern standards.
PROSSTRENGTHS & OPPORTUNITIES
- High Available Lot Utilization
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.
- Panoramic Coastal Views
The property features sweeping views of Monterey Bay and the Pacific Ocean, further enhanced by its elevated position and a serene location bordering a greenbelt.
- Versatile Living Options
A fully equipped interior ADU/in-law suite provides exceptional flexibility for multigenerational living, a private home office, or potential rental income.
CONSRISKS & DEFICIENCIES
- Extended Days on Market
With 152 days on the market, the property may be perceived as a 'stale' listing, which can impact buyer urgency and negotiation leverage.
- Significant Price Volatility
A downward price trend of approximately $250,000 from the original list price suggests initial overvaluation or difficulty in finding the right market fit.
About 425 Via Del Rey
MOTIVATED SELLER - BRING OFFERS to one of Monterey's most compelling opportunities, where panoramic Monterey Bay views, exceptional flexibility, and a coveted cul-de-sac location come together. Tucked at the end of a quiet street and bordering a serene greenbelt, this thoughtfully designed residence offers sweeping bay and ocean views while enjoying a rare sense of privacy in a peaceful, park-like setting. The light-filled floor plan features 3 bedrooms and 3.5 baths, creating a comfortable layout for everyday living. A fully equipped interior ADU/in-law suite adds remarkable versatility, making it ideal for multigenerational living, extended guests, a private office, or supplemental rental income. Highlights include a newer roof, a generous basement with abundant storage and future possibilities, and an attached two-car garage with extra space for hobbies, recreation equipment, or a workshop. The expansive lot enhances both privacy and potential, while the home's elevated position maximizes stunning coastal views. Situated just minutes from Carmel, Pebble Beach, world-class golf, scenic coastal trails, beaches, dining, and shopping, this property offers the best of the Monterey Peninsula lifestyle.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1988
- Lot Size
- 19,137 Sq. Ft.
Interior
- Total Bedrooms
- 3
- Total Bathrooms
- 4 (4 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $200.0 / Month
Neighborhood Insights
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 3.0 |
| Baths | 4.0 | 2.5 |
| Square foot | 2,413 | 1,869.953 |
| Lot Size | 19,137 | 7,748.977 |
| Price | $1.55M | $1.35M |
| Price per sq ft | $642 | $729 |
| Built year | 1988 | 1962 |
| HOA | $200.0 | $431 |
| Days on market | 131 | 50 |
Pricing History
Listed for Sale
Aug 13, 2026
$1,549,998
$1,648,998
-6% Price Drop
Initial Listing
Price Change
Jul 25, 2026
$1,648,998
$1,699,999
-3% Price Drop
Initial Listing
Price Change
Jun 19, 2026
$1,699,999
$1,699,000
+0% Price Increase
Initial Listing
Price Change
Jun 14, 2026
$1,699,000
$1,799,000
-6% Price Drop
Initial Listing
Price Change
May 1, 2026
$1,799,000
Initial Listing
Sold
Apr 26, 2012
$725,000
Public Record