504 Ocean Avenue 2, Monterey, California 93940, Monterey, 93940 - 2 bed, 2 bath
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Monterey, California 93940
This Turnkey Coastal Condominium is listed at $849,000, reflecting a stable market position relative to its $828,669 Fair Market Value. Boasting an Excellent Condition Rating, the home features a complete 2024 upscale remodel with a quartz kitchen island, luxury vinyl flooring, and new HVAC systems. Located blocks from the beach and the Naval Postgraduate School near La Mesa Elementary, the property offers high walkability and mountain views. This move-in-ready residence is an ideal sanctuary for Owner-Occupants or lifestyle-driven buyers seeking a sophisticated, maintenance-free lifestyle in Monterey.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 504 Ocean Avenue 2 Subject | $849,000* List Price | 2 | 2 | 1,178 | $703 | - |
A 43 Montsalas Drive Sold | $730,000 | 2 | 2 | 1,116 | $654 | 0.9 mi |
B 53 Montsalas Drive Sold | $680,000 | 2 | 2 | 961 | $708 | 0.9 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
This property underwent a complete upscale remodel in 2024, placing it well within the under 5-year renovation window for an Excellent rating. The listing and photos confirm a brand-new kitchen with quartz countertops, new bathrooms with modern tile work, and comprehensive system upgrades including new electrical, plumbing, water heater, and HVAC (mini-split). With a new roof and turnkey interior, it requires no maintenance.
This truly turnkey property features a complete 2024 renovation including a new roof, quartz kitchen island, updated electrical and plumbing, and luxury vinyl flooring, offering immediate move-in readiness with modern finishes.
Ideally situated just one block from the Naval Postgraduate School and five blocks from the beach and Fisherman's Wharf, the property offers exceptional walkability and high appeal for both residents and rental investors.
Rare for condominium living, this unit includes a massive 10x10 locked storage room, garage parking, and a newly installed air conditioning system, significantly enhancing its functional utility and comfort.
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =9804, other record lot size in square feet = 589.
The assigned middle school, Walter Colton, carries a low rating of 3, which may be a significant drawback for families prioritizing high-performing educational districts.
Despite the extensive upgrades, the current list price of $849,000 follows a price reduction and sits very close to its 2023 sale price of $835,000, suggesting limited equity growth in the current market cycle.
New, new, new! complete upscale remodel, truly turnkey. 2 beds, 2 baths. New condo roof in 2024, new kitchen with quartz island, new appliances, new baths, luxury vinyl flooring throughout, new water heater, air conditioner, drywall, insulation, plumbing, electrical, paint, fireplace with birch log insert, freshly sealed windows, in unit washer-dryer, lots of storage. one block to NPS, five blocks to the beach, wharf, MPC and town. Excellent rental income. 10x10 locked storage room, garage parking.
No exterior & parking available.
Grades K-5 • 1.0 mi
Grades 6-8 • 1.8 mi
Grades 9-12 • 1.2 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 2.0 | 2.0 | 50% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 1,178 | 1,003.5 | 85% |
| Lot Size | 9,804 | - | 92% |
| Price | $849.0K | $602.5K | 85% |
| Price per sq ft | $721 | $674 | 62% |
| Built year | 1981 | 1977 | 62% |
| HOA | $425.0 | $619 | 12% |
| Days on market | 77 | 187 | 23% |
Apr 21, 2026
$849,000
$899,000
-6% Price Drop
Initial Listing
Feb 4, 2026
$899,000
Initial Listing
Sep 15, 2023
$835,000
Public Record
Jan 28, 2021
$675,000
Public Record
Jan 9, 1998
$195,000
Public Record