564 Mar Vista Drive, Monterey, California 93940, Monterey, 93940 - 3 bed, 2 bath
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Monterey, California 93940
This Spacious Ranch-Style Residence is a Strong Value Opportunity, listed at $1,375,000—positioned above the $1,276,724 Fair Market Value. While priced at a premium, the property offers significant upside through its 8,712 sq. ft. lot and Condition Rating of 4, which allows for value-add cosmetic renovations. Featuring high beam ceilings, hardwood floors, and a private deck, the home provides a solid foundation for personalization. This is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking a prime sunbelt location with long-term appreciation potential.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 564 Mar Vista Drive Subject | $1,336,000* List Price | 3 | 2 | 1,700 | $751 | - |
A 1251 Pacific Street Sold | $961,000 | 3 | 2 | 1,538 | $625 | 0.7 mi |
B 1291 Pacific Street Sold | $980,000 | 4 | 2 | 1,768 | $554 | 0.7 mi |
C 150 Shady Lane Sold | $1,175,000 | 3 | 2 | 1,933 | $608 | 0.2 mi |
D 926 Roosevelt Street Sold | $1,048,000 | 3 | 2 | 1,532 | $684 | 0.9 mi |
E 981 Monterey Circle Sold | $1,600,000 | 4 | 3 | 2,340 | $684 | 0.6 mi |
F W Franklin Street Active | $1,649,000 List Price | 3 | 3 | 1,707 | $966 | 0.9 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
While the home features brand-new hardwood floors and newer stainless steel appliances, the kitchen remains dated with oak cabinetry and white tile countertops typical of a 20+ year old renovation. Built in 1956, the property is well-maintained but requires cosmetic updates to the kitchen and bathrooms to align with modern standards.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 8712, living area = 1700.
The home features striking high beam ceilings and floor-to-ceiling wood-burning fireplaces, creating a bright and sophisticated aesthetic complemented by brand-new hardwood floors.
Set on a generous 8,700 sq. ft. lot, the property offers a fully fenced backyard, professional landscaping, a private deck, and rare accommodations for RV parking.
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =8712, other record lot size in square feet = 8895. Living area discrepancy between mls listing and other public or private record. mls listing living area = 1700, other record living area = 1581.
Built in 1956, the property may require ongoing maintenance or updates to core systems typical of mid-century homes that are not explicitly mentioned as modernized.
At 1,700 square feet, the living space may feel limited for buyers seeking larger modern floor plans or more expansive secondary bedrooms at this price point.
This bright and spacious single level ranch style 3 bed/ 2 bath GEM is set on a generous 8700 sq. ft. lot with a fully fenced back yard, lovely gardens, room for RV parking and plenty of entertaining! A bright and attractive front garden greets you and as you enter the home, the striking living room with gorgeous open high beam ceilings welcomes you in! Floor to ceiling wood burning fireplace, brand-new hardwood floors and patio doors to a private deck allows for indoor outdoor enjoyment. The sunlit hallway leads to a separate family room dining room combo with an additional fireplace and access to the large patio and more gardens. A wall of windows in the sunny family room is a favorite cozy place to enjoy & the upgraded kitchen has a nook with a garden window. Huge double garage allows for plenty of storage with direct access to the kitchen. Located in highly desirable sunbelt Mar Vista, close to shopping, dining, and recreation, dont miss out on this one!
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 | 1,700 | 1,996 | 39% |
| Lot Size | 8,712 | 7,368 | 54% |
| Price | $1.34M | $1.19M | 53% |
| Price per sq ft | $786 | $669 | 69% |
| Built year | 1956 | 1963 | 37% |
| HOA | $0 | $0 | 50% |
| Days on market | 61 | 184 | 3% |
Jun 6, 2026
$1,336,000
$1,355,000
-1% Price Drop
Initial Listing
May 22, 2026
$1,355,000
$1,375,000
-1% Price Drop
Initial Listing
Apr 14, 2026
$1,375,000
Initial Listing
Jul 30, 2024
$1,150,000
Public Record
Sep 16, 2003
$690,000
Public Record
May 16, 2002
$589,000
Public Record
Mar 27, 1998
$327,000
Public Record