471 El Dorado Street, Monterey, California 93940, Monterey, 93940 - 3 bed, 3 bath
Loading property details...
Monterey, California 93940
This Distinguished Coastal Residence is listed at $2,250,000, with a $1,944,026 Fair Market Value. Maintaining a Condition Rating of 4, the home features soaring ceilings, three fireplaces, and a 3-car garage. Set on an expansive 11,611 sqft lot with a gated entrance, the property offers a secluded sanctuary just minutes from Monterey Bay and Pebble Beach. This listing combines architectural elegance with a premier coastal lifestyle, making it an ideal match for Owner-Occupants or Luxury Seekers.
Property is moderate renovation needed.
Built in 1997 (27 years old), the property is well-maintained but remains largely in original condition. The kitchen and bathrooms feature dated finishes such as tile countertops and 1990s-style fixtures, meeting the criteria for a home over 20 years old needing cosmetic updates.
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 privately tucked behind a gated entrance and enclosed by a curved stucco wall on a generous 11,000+ sqft lot, offering a rare sense of seclusion and security in a central Monterey location.
Featuring nearly 2,900 sqft of light-filled space, the home boasts soaring ceilings, rich wood finishes, and three fireplaces, providing a sophisticated and timeless aesthetic throughout the formal and casual living areas.
A significant price reduction from the original $3.1M listing to $2.25M suggests initial overpricing or a struggle to align with current market demand, which may impact perceived value.
The assigned public schools have mixed ratings, specifically the middle school at a 3/10, which may be a drawback for families prioritizing high-performing educational districts.
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 | 54% |
| Square foot | 2,897 | 1,989 | 78% |
| Lot Size | 11,611 | 6,800 | 75% |
| Price | $2.25M | $1.19M | 90% |
| Price per sq ft | $777 | $674 | 68% |
| Built year | 1997 | 1962 | 88% |
| HOA | $0 | $0 | 50% |
| Days on market | 280 | 174 | 86% |
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