546 Monterey Drive, Aptos, California 95003, Aptos, 95003 - 3 bed, 3 bath
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546 Monterey Drive
Aptos, California 95003
ACTIVE
CONDITION: FAIR
3Beds
3Baths
2,063Sq Ft
5,053Lot Size
Property Price
LIST PRICE$1,145,000
EST. MARKET VALUE
$1,224,832
6% BelowMARKET VALUE
SUMMARY
This Spacious Single Family Residence represents a Strong Value Opportunity, listed at $1,145,000—positioned well below the $1,224,833 Fair Market Value by 6%. This valuation gap offers $79,833 in Instant Equity for the buyer. With a Fair Condition Rating, the home features recent cosmetic updates and a versatile floor plan ideal for multigenerational living. Located in the desirable Rio Del Mar area near top-rated schools, this property is an ideal acquisition for Owner-Occupants or Buy-and-Hold Investors seeking long-term appreciation.
Estimated Market Value
$1,224,832+$79,832 Equity Potential
Based on Realkey algorithm analyzing recent comparable sales in Aptos.
Comparable Sales Map
Comparables within 1 miles sold in recently
Map unavailable.
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 546 Monterey Drive Subject 3 bd · 3 ba · 2,063 sqft · $594 | $1,145,000* List Price | 3 | 3 | 2,063 | $594 | - |
A 525 Clubhouse Drive Sold 3 bd · 3 ba · 1,778 sqft · $675 · 0.2 mi | $1,200,000 | 3 | 3 | 1,778 | $675 | 0.2 mi |
B 427 Sumner Avenue Sold 3 bd · 2 ba · 1,980 sqft · $682 · 0.6 mi | $1,350,000 | 3 | 2 | 1,980 | $682 | 0.6 mi |
C 412 Sumner Avenue Active 2 bd · 2 ba · 1,957 sqft · $690 · 0.7 mi | $1,350,000 List Price | 2 | 2 | 1,957 | $690 | 0.7 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 1983 (41 years old), the property is well-maintained and features recent cosmetic updates including new interior paint and flooring. However, the kitchen and bathrooms remain in their original 1980s condition with dated tile countertops and cabinetry, placing it in the 'Fair' category as it is move-in ready but requires modernization of major systems and wet rooms.
PROSSTRENGTHS & OPPORTUNITIES
- Prime Coastal Location
Situated in the highly sought-after Rio Del Mar area on the ocean side of Highway 1, the property offers excellent proximity to the beach, golf courses, and top-rated schools.
- Versatile Floor Plan
With over 2,000 square feet and excellent separation of space, the layout provides significant flexibility for multigenerational living, a home office, or a potential junior ADU.
- Move-In Ready Refresh
The home has been recently updated with new interior paint and flooring, providing a clean, light-filled environment that allows for immediate occupancy.
CONSRISKS & DEFICIENCIES
- Unfinished Landscaping
The backyard is described as a blank canvas, which will require additional budget and effort from the buyer to create a functional outdoor living space.
- Need for Modernization
While refreshed, the 1983-built home likely requires further updates to kitchens and bathrooms to fully modernize the aesthetic and maximize its market value.
About 546 Monterey Drive
Experience the warmth of this spacious, 3-bedroom, 3-bathroom home in the desirable Rio Del Mar area of Aptos, on the ocean side of Hwy 1. Recently refreshed with new interior paint and flooring, this light-filled home offers a welcoming, move-in-ready setting with plenty of room to make it your own. The home offers excellent separation of space and flexibility for a variety of lifestyles. With its generous size and versatile layout, there is room to explore the possibilities of multigenerational living, a dedicated home office, or a potential junior ADU. Outside, the backyard presents a blank canvas for creating your own private retreat, outdoor entertaining space, or garden oasis. A two-car garage with extra parking in the driveway. The location places you close to the beach, golf, schools, and shopping. Comfortable and livable as it stands, this home also offers an opportunity to update and personalize over time, adding your own style and vision. For buyers seeking space, flexibility, and potential in the Santa Cruz County market, this is an opportunity to consider.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1983
- Lot Size
- 5,053 Sq. Ft.
Interior
- Total Bedrooms
- 3
- Total Bathrooms
- 3 (3 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Aptos Unified Schools
Rio Del Mar Elementary School
Grades K-6 • 0.6 mi
8/10
Aptos Junior High School
Grades 7-8 • 0.7 mi
5/10
Aptos High School
Grades 9-12 • 1.2 mi
7/10
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 3.0 |
| Baths | 3.0 | 2.8 |
| Square foot | 2,063 | 1,816.212 |
| Lot Size | 5,053 | 8,283.692 |
| Price | $1.15M | $1.38M |
| Price per sq ft | $555 | $765 |
| Built year | 1983 | 1977 |
| HOA | $0 | $244 |
| Days on market | 6 | 60 |
Pricing History
Listed for Sale
Oct 18, 2026
$1,145,000
Initial Listing