575 Foam Street D, Monterey, California 93940, Monterey, 93940 - 3 bed, 2 bath
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Monterey, California 93940
This Luxury Coastal Residence is a Strong Value Opportunity, listed at $2,000,000—positioned well below the $2,125,859 Fair Market Value by 5%. This strategic pricing provides $125,859 in Instant Equity for the incoming buyer. Boasting a Mint Condition Rating, the Eric Miller-designed home features an exclusive rooftop deck with panoramic bay views and proximity to top-rated Pacific Grove schools. Located in the heart of Cannery Row, this turnkey asset pairs sophisticated design with immediate appreciation potential. It is ideal for Owner-Occupants or second-home buyers.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 575 Foam Street D Subject | $2,000,000* List Price | 3 | 2 | 1,718 | $1,237 | - |
A 457 Wave Street 1 Sold | $1,700,000 | 2 | 2 | 1,378 | $1,234 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
Built in 2020, this property is less than 10 years old and in mint, turnkey condition. It features premium modern finishes in the kitchen and bathrooms, high-end systems including central HVAC and a state-of-the-art security system, and requires no maintenance.
High School: Pacific Grove High School (9/10).
The property features an expansive, private rooftop deck with an outdoor kitchen and panoramic bay views, offering a rare and premium outdoor living space in a dense coastal area.
Situated in the heart of the historic Cannery Row district, the residence provides unparalleled walkability to the Monterey Bay Aquarium, luxury spas, beaches, and world-class dining.
Living area discrepancy between mls listing and other public or private record. mls listing living area = 1718, other record living area = 1986. Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 3, other record bedroom count = 2.
The monthly association fee of $1,200 is substantial, which may impact the overall affordability and investment yield for some buyers.
Located in a major tourist destination, the property may experience higher noise levels and pedestrian congestion, potentially detracting from the privacy and quietude of the residence.
In the heart of Montereys historic and vibrant Cannery Row district, this luxury residence is one of just four units designed by renowned architect Eric Miller. Offering 3 bedrooms, 2 bathrooms, in-unit laundry, secure gated garage parking, and elevator access, this top-floor residence pairs sophisticated design with effortless coastal living, making it an ideal lock-and-leave retreat. A standout feature is the expansive private rooftop deck, exclusively for this unit, complete with an outdoor kitchen and wide bay viewsan extraordinary setting for entertaining, dining al fresco, or simply enjoying the Monterey lifestyle above it all. The home also features premium interior and exterior finishes, 10-foot ceilings, central heat and A/C, and a state-of-the-art security system. Ideally located near Cannery Row, the Monterey Bay Aquarium, acclaimed restaurants, Monterey Plaza Hotel & Spa, beaches, and the coastal recreation trail, this turnkey residence is a rare offering in one of Montereys most coveted locations.
No exterior & parking available.
Grades K-5 • 1.6 mi
Grades K-5 • 1.7 mi
Grades 6-8 • 1.1 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 2.0 | 95% |
| Baths | 2.0 | 1.5 | 50% |
| Square foot | 1,718 | 910.5 | 95% |
| Lot Size | - | 596.5 | 45% |
| Price | $2.00M | $592.5K | 95% |
| Price per sq ft | $1.2K | $682 | 95% |
| Built year | 2020 | 1977 | 95% |
| HOA | $1200.0 | $632 | 95% |
| Days on market | 44 | 147 | 5% |
Apr 23, 2026
$2,000,000
Initial Listing
Mar 17, 2021
$1,825,000
Public Record