
Monterey, California 93940
This Architectural Townhouse represents a High-Potential Investment Opportunity, listed at $1,089,000—positioned well above the $941,354 Fair Market Value by 15%. While the list price exceeds the current valuation, the property offers significant lifestyle value through its Paul Davis design, spectacular bay views, and three outdoor decks. With a Condition Rating of 3, the home is move-in ready, supported by proximity to top-rated schools like Pacific Grove High. This is an ideal acquisition for lifestyle-focused buyers or coastal residents seeking a premium, well-appointed retreat.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 664 Terry Street Subject 2 bd · 3 ba · 1,560 sqft · $603 | $1,089,000* List Price | 2 | 3 | 1,560 | $603 | - |
A 70 Forest Ridge Road 30 Sold 2 bd · 3 ba · 1,377 sqft · $588 · 0.8 mi | $810,000 | 2 | 3 | 1,377 | $588 | 0.8 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
While built in 1974, the property has undergone a significant renovation (estimated 5-15 years ago) featuring a modern kitchen with stainless steel appliances, updated bathrooms with marble-look tile, and wood-look tile flooring throughout. The interior is well-maintained and move-in ready, though the exterior wood shingles show typical coastal weathering consistent with its age.
High School: Pacific Grove High School (9/10).
The property boasts spectacular, unobstructed views of Monterey Bay and city lights, enhanced by three distinct outdoor decks that maximize the coastal living experience.
Designed by renowned architect Paul Davis, the home features vaulted ceilings and a light-filled, open-concept layout that offers a sophisticated aesthetic superior to standard townhomes.
Built in 1974, the property may require capital investment for modernizing systems or aesthetic updates to meet contemporary luxury standards.
The $450 monthly association fee adds a significant fixed expense to the cost of ownership, which may impact the purchasing power of some buyers.
Spectacular Monterey Bay and city-light views define this architectural townhouse designed by Paul Davis. Ideally situated above historic Cannery Row, the light-filled living oasis boasts vaulted ceilings, a cozy fireplace, tile flooring throughout, and a convenient main-floor powder room. Enjoy seamless coastal living with three distinct outdoor decks, plus a well-appointed kitchen featuring a breakfast bar, ample storage, and sweeping bay vistas. Downstairs, the expansive primary suite serves as a private retreat, complete with its own fireplace, and direct access to the rear patio. An en-suite also gives this home another layer of versatility that few can match. A full two-car garage completes this central peninsula gem.
No exterior & parking available.
Grades K-5 • 0.9 mi
Grades K-5 • 1.4 mi
Grades 6-8 • 0.6 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 2.0 | 2.3 |
| Baths | 3.0 | 3.3 |
| Square foot | 1,560 | 1,605.333 |
| Lot Size | 1,959 | 771 |
| Price | $1.09M | $1.35M |
| Price per sq ft | $698 | $919 |
| Built year | 1974 | 1971 |
| HOA | $450.0 | $3.3K |
| Days on market | 47 | 61 |
Sep 7, 2026
$1,089,000
Initial Listing
Sep 9, 2019
$705,000
Public Record
May 14, 2013
$527,000
Public Record
Dec 30, 2010
$475,000
Public Record
Apr 8, 2004
$655,000
Public Record