
Salinas, California 93907
This 5.21-Acre Residential Estate represents a Strong Value Opportunity, listed at $1,075,000—positioned slightly above the $1,071,814 Fair Market Value. While the home maintains a Condition Rating of 4 with original 1987 finishes, the expansive lot offers significant development potential, including a possible lot split. Featuring ocean views, a private well, and gated entry, the property provides a serene, private lifestyle. This is an ideal acquisition for Buy-and-Hold Investors seeking land-banking potential or Owner-Occupants looking to modernize a custom retreat.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 6443 Tustin Road Subject | $1,075,000* List Price | 3 | 2 | 1,600 | $670 | - |
A 19269 Mallory Canyon Road D Active | $1,175,000 List Price | 3 | 2 | 1,848 | $636 | 0.8 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1987 (37 years old), the home features original fixtures and decor. While the listing states it is move-in ready and functional, the kitchen, baths, and interior finishes are dated and require modernization to meet current standards.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 226860, living area = 1600.
The 5.21-acre lot offers exceptional privacy with a gated entry, serene oak-studded surroundings, and neighboring homes positioned out of the line of sight.
With large sunny flat areas and a possible lot split mentioned in disclosures, the property provides significant opportunities for expansion or future investment.
The home contains original 1987 fixtures and décor, which will likely require a modernizing remodel to appeal to contemporary tastes.
Reliance on a private well and a private road places the long-term responsibility and cost of utility and access maintenance directly on the homeowner.
Absolutely gorgeous 5.21 acre property with cute 3 bedroom 2 bath home. Tons of extra parking area for RV & Boat. Serene setting with peace and solitude, yet close to town and easy access to Hwy. Property offers the best of both worlds: large sunny flat areas for garden/expansion and beautiful oak-studded beauty. Peaks of the ocean/Pacific Grove from upper portion of expansive lot. Neighboring homes are out of site-line. Newly surfaced private road with secure gated entry. Private well with new 1500 gal tank. Bright and airy home with large windows, skylights, large rooms & huge closets. Great floor plan, giant family room w/cozy wood burning stove. Home is move-in ready w/ functional original fixtures and décor so you can remodel at your leisure. Possible lot split (see disclosures)
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 | 1,600 | 1,662 | 43% |
| Lot Size | 226,860 | 28,314 | 94% |
| Price | $1.07M | $870.0K | 77% |
| Price per sq ft | $672 | $532 | 91% |
| Built year | 1987 | 1974 | 77% |
| HOA | $0 | $0 | 50% |
| Days on market | 16 | 136 | 3% |
May 21, 2026
$1,075,000
Initial Listing
Nov 9, 1995
$259,000
Public Record