425 Via Del Rey, Monterey, California 93940, Monterey, 93940 - 3 bed, 4 bath
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Monterey, California 93940
This Multi-Generational Residential Asset is a Strong Value Opportunity, listed at $1,799,000—positioned well below the $1,877,875 Fair Market Value by 4%. This valuation gap offers $78,875 in Instant Equity. Featuring a fully equipped in-law unit, scenic bay views, and a spacious 19,137 sqft lot, the property maintains a Condition Rating of 4. While the interior offers immediate functionality, cosmetic updates will further enhance value. This is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking versatile living space.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 425 Via Del Rey Subject | $1,799,000* List Price | 3 | 4 | 2,413 | $778 | - |
A 471 El Dorado Street Active | $2,250,000 List Price | 3 | 3 | 2,897 | $777 | 1.0 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1988 (36 years old), the property is well-maintained and functional but remains largely dated. While the roof is newer and the main living areas feature clean hardwood floors, the kitchen cabinetry and pink-tiled bathrooms reflect original or older styling (>20 years) that requires cosmetic 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 in-law unit, providing exceptional flexibility for extended family, guests, or potential rental income opportunities.
Situated at the end of a quiet cul-de-sac bordering a greenbelt, the home offers stunning bay views and a tranquil, park-like atmosphere that ensures privacy.
Built in 1988, the interior may require cosmetic updates or modern renovations to align with contemporary luxury preferences at this price point.
With only three bedrooms total—one of which is part of the in-law suite—the layout may feel restrictive for larger families seeking a more traditional main-house floor plan.
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 | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 3.0 | 50% |
| Baths | 4.0 | 2.0 | 83% |
| Square foot | 2,413 | 2,004 | 59% |
| Lot Size | 19,137 | 7,169 | 79% |
| Price | $1.80M | $1.19M | 71% |
| Price per sq ft | $746 | $664 | 67% |
| Built year | 1988 | 1964 | 76% |
| HOA | $200.0 | $0 | 74% |
| Days on market | 36 | 177 | 2% |
May 1, 2026
$1,799,000
Initial Listing
Apr 26, 2012
$725,000
Public Record