471 El Dorado Street, Monterey, California 93940, Monterey, 93940 - 3 bed, 3 bath
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Monterey, California 93940
This Distinguished Coastal Retreat is listed at $2,250,000, offering a stable value proposition in a premium Monterey enclave. Positioned near its $1,920,923 Fair Market Value, the home features a Well-Maintained Condition Rating with nearly 2,900 sqft of light-filled space. Highlights include a Gated Entrance, a rare 3-Car Garage, and a Private Stone Patio overlooking mature woods. Situated minutes from Monte Vista Elementary and Monterey High School, the property balances seclusion with world-class recreation. This is an exceptional sanctuary for Owner-Occupants or Lifestyle Buyers seeking timeless elegance.
Property is moderate renovation needed.
Built in 1997 (28 years old), the home is well-maintained but reflects its original era. The kitchen features dated tile countertops and the bathrooms show 1990s-style green marble and gold fixtures. While move-in ready, it requires cosmetic updates to the kitchen and baths 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 = 11611, living area = 2897.
The property is uniquely secured behind a gated entrance and a curved stucco wall, offering a rare level of seclusion and quiet elegance within a central Monterey neighborhood.
Featuring nearly 2,900 sqft of light-filled living space with soaring ceilings and a versatile bonus room, the home provides a functional floor plan complemented by a rare 3-car garage.
The assigned public schools, particularly the middle school with a rating of 3, may be a drawback for families prioritizing high-performing educational districts.
A substantial reduction from the original list price of $3.1M to $2.25M suggests a major market adjustment, which may indicate previous overvaluation or difficulty in securing a buyer at the premium tier.
Privately tucked behind a gated entrance and enclosed by a gracefully curved stucco wall, 471 El Dorado is one of Monterey's most quietly distinguished homes. Nearly 2,900 sq ft of light-filled space features soaring ceilings, rich wood finishes, and three fireplaces throughout formal and casual living areas. The well-appointed kitchen opens to a private stone patio, ideal for outdoor dining or relaxing in the coastal air. Upstairs, the primary suite offers vaulted ceilings, a fireplace, walk-in closet, and a spa-like bath with soaking tub and separate shower. With three bedrooms plus a versatile bonus room ideal as an office, den, or guest space the layout offers flexibility for a variety of lifestyles. A spacious 3-car garage provides ample storage. The entire property, set on over 11,000 sqft, feels peaceful and private, yet close to everything. Just minutes from the Monterey Bay shoreline, Cannery Row, Pebble Beach, Carmel-by-the-Sea, and the Monterey Airport. Enjoy walkability to the Bay, coastal trails, dining, and recreation. A rare coastal retreat offering comfort, elegance, and timeless design in one of the Peninsula's most sought-after enclaves.
No exterior & parking available.
Grades K-5 • 0.9 mi
Grades 6-8 • 1.2 mi
Grades 9-12 • 0.7 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 3.0 | 50% |
| Baths | 3.0 | 2.0 | 52% |
| Square foot | 2,897 | 2,004 | 72% |
| Lot Size | 11,611 | 7,169 | 69% |
| Price | $2.00M | $1.19M | 72% |
| Price per sq ft | $689 | $664 | 57% |
| Built year | 1997 | 1964 | 88% |
| HOA | $0 | $0 | 50% |
| Days on market | 325 | 177 | 91% |
May 24, 2026
$1,995,000
$2,250,000
-11% Price Drop
Initial Listing
Mar 9, 2026
$2,250,000
Initial Listing
Jul 16, 2025
$3,100,000
Initial Listing
May 4, 2018
$1,600,000
Public Record
Nov 25, 2008
$1,150,500
Public Record
Nov 2, 2004
$2,050,000
Public Record