618 Mar Vista Drive, Monterey, California 93940, Monterey, 93940 - 5 bed, 3 bath
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Monterey, California 93940
This Versatile Multigenerational Residence is a Strong Value Opportunity, listed at $1,750,000—positioned well below the $1,766,098 Fair Market Value by 0.91%. This valuation gap offers $16,098 in Instant Equity. Featuring a 3,567 Sq.Ft. floor plan with a private attached in-law suite, the property maintains a Condition Rating of 3. Its prime location in Toyon Heights and functional outdoor patio make it an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking flexible living arrangements in a prestigious Monterey neighborhood.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 618 Mar Vista Drive Subject | $1,750,000* List Price | 5 | 3 | 3,567 | $495 | - |
A 3 Forest Rise Place Sold | $1,650,000 | 4 | 3 | 2,663 | $620 | 0.6 mi |
B 1 Crescent Circle Active Under Contract | $1,625,000 List Price | 4 | 3 | 2,928 | $555 | 0.7 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
Although built in 1960, the property has undergone significant renovations likely within the 10-20 year range. The kitchens and bathrooms are functional and well-maintained, and the inclusion of a private in-law suite with its own dedicated furnace and water heater indicates updated systems. The home is move-in ready, though some appliances and finishes are beginning to appear dated.
The property features a substantial 997 sq. ft. attached in-law suite with a private entrance, kitchen, and separate utilities, offering exceptional flexibility for extended family or rental potential.
Situated in the desirable Toyon Heights neighborhood at the top of the hill, the home occupies a prime corner lot in one of Monterey's most sought-after residential enclaves.
Offering over 3,500 sq. ft. of living space on a single level, this residence provides a rare combination of accessibility and expansive interior volume that is highly coveted.
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =7405, other record lot size in square feet = 7839. Living area discrepancy between mls listing and other public or private record. mls listing living area = 3567, other record living area = 2570. Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 5, other record bedroom count = 6.
With a large building footprint on a 7,405 sq. ft. lot, the remaining yard space is relatively modest for a home of this size, potentially limiting outdoor recreation options.
Built in 1960, the property may require significant capital investment to modernize original systems and finishes to meet contemporary luxury standards.
Welcome to 618 Mar Vista Drive located within the desirable and prestigious Toyon Heights, top of the hill, Mar Vista neighborhood. This beautiful, rare and versatile single level 3,567 Sq.Ft. home sits gracefully on a corner lot. The main residence offers 2,570 Sq.Ft. with 3 bedrooms, 2 bathrooms while the private attached in-law suite is a generous 997 Sq.Ft. with 2 bedrooms, 1 bathroom. This spacious home is ideal for multigenerational living, in-laws or guests. The private in-law, guests suite has its own entrance, a Kitchen Family room, large closets along with its own furnace, water heater and laundry hookups. Thoughtfully designed for flexibility this property offers endless opportunities for todays lifestyle. The main house features an easy living floor plan with french doors opening from both the dining room and living room to the outdoor patio perfect for BBQs, relaxing and entertaining enjoyment. An oversized two car garage with a washer and dryer. This Mar Vista neighborhood is an added benefit with its convenience to all this beautiful Monterey Peninsula offers.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 5.0 | 3.0 |
| Baths | 3.0 | 2.5 |
| Square foot | 3,567 | 1,829.5 |
| Lot Size | 7,405 | 7,517.5 |
| Price | $1.75M | $1.29M |
| Price per sq ft | $491 | $686 |
| Built year | 1960 | 1962 |
| HOA | $0 | $495 |
| Days on market | 43 | 63 |
Jun 9, 2026
$1,750,000
Initial Listing