563 Pearl Street, Monterey, California 93940, Monterey, 93940 - 3 bed, 2 bath
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Monterey, California 93940
This Turnkey Single Family Residence is a Strong Value Opportunity, listed at $1,175,000—positioned slightly above the $1,091,681 Fair Market Value. While priced at a premium, the property’s Good Condition Rating and 2012 remodel provide immediate move-in readiness. Featuring a detached garage, private patio, and an unbeatable location near Fisherman’s Wharf, this home offers a rare lifestyle in a walkable coastal neighborhood. Its functional layout and modern updates make it an ideal acquisition for Owner-Occupants or coastal retreat seekers prioritizing convenience and character.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 563 Pearl Street Subject | $1,175,000* List Price | 3 | 2 | 1,302 | $838 | - |
A 415 Figueroa Street Sold | $1,162,500 | 3 | 1 | 1,414 | $822 | 0.0 mi |
B 1271 Fourth Street Street Sold | $1,155,000 | 3 | 2 | 1,377 | $839 | 0.6 mi |
C 1231 8th Street Sold | $1,190,000 | 2 | 2 | 1,050 | $1,133 | 0.6 mi |
D 925 Cass Street Active Under Contract | $1,200,000 List Price | 3 | 2 | 1,470 | $816 | 0.5 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
The property underwent a complete remodel in 2012, placing the renovation age at 12 years, which fits the 'Good' criteria (5-15y reno). The kitchen features stone countertops and white cabinetry that remain functional and well-maintained, and the home is presented as move-in ready with updated flooring and vaulted ceilings.
The property boasts an exceptional walk score, located just minutes from Fisherman’s Wharf, Cannery Row, and downtown Monterey’s vibrant dining and shopping district.
Unlike many homes in this historic area, this residence includes both a detached garage and ample off-street parking, providing significant convenience and value.
A comprehensive 2012 remodel ensures the home is move-in ready, successfully blending 1930s architectural charm with modern interior updates and functional systems.
The 3,250 square foot lot is relatively small, offering minimal private outdoor space or yard area for gardening and recreation.
With 1,302 square feet of living space, the home may feel restrictive for larger families or those requiring expansive common areas and significant storage.
Charming Monterey home in an unbeatable location just minutes from Fishermans Wharf, the beach, scenic coastal walking trail, and Cannery Row. Enjoy convenient access to downtown Montereys vibrant restaurants, boutique shops, coffee houses, gym, and nearby tennis and pickleball courts. This well-appointed 3-bedroom, 2 full bath residence features indoor laundry, a detached garage, and ample off-street parkingan uncommon find in this prime area. Thoughtfully maintained and showcasing a complete remodel completed in 2012, the home blends classic character with modern updates. The inviting curb appeal, welcoming front porch, and tidy grounds create a warm first impression, while the functional layout offers comfortable everyday living or an ideal coastal retreat. A rare opportunity to own a move-in ready home in one of Montereys most desirable and walkable neighborhoods.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 3.0 | 50% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 1,302 | 1,988 | 17% |
| Lot Size | 3,250 | 6,922.5 | 7% |
| Price | $1.18M | $1.19M | 48% |
| Price per sq ft | $902 | $664 | 88% |
| Built year | 1930 | 1963 | 14% |
| HOA | $0 | $0 | 50% |
| Days on market | 9 | 177 | 2% |
May 28, 2026
$1,175,000
Initial Listing
Jun 28, 2012
$420,000
Public Record
Jun 20, 2002
$430,000
Public Record