70 Forest Ridge Road 1, Monterey, California 93940, Monterey, 93940 - 2 bed, 3 bath
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70 Forest Ridge Road 1
Monterey, California 93940
ACTIVE
CONDITION: EXCELLENT
2Beds
3Baths
1,378Sq Ft
704Lot Size
Property Price
LIST PRICE$1,195,000
EST. MARKET VALUE
$1,054,096
13% AboveMARKET VALUE
SUMMARY
This Turnkey Condominium is a Premium Lifestyle Residence, listed at $1,195,000, which sits above the $1,054,096 Fair Market Value. While priced for the luxury market, the property features a Mint Condition Rating following a 2024 comprehensive remodel. Residents enjoy Panoramic Monterey Bay Views, a gourmet kitchen, and central air conditioning. Located near Monterey High School, this home offers a sophisticated, low-maintenance living experience. It is an ideal acquisition for Discerning Professionals or Owner-Occupants seeking a move-in ready sanctuary with exceptional coastal vistas.
Estimated Market Value
$1,054,096
Based on Realkey algorithm analyzing recent comparable sales in Monterey.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Excellent
TeardownExcellent
Property is new construction or fully renovated.
The property underwent a comprehensive remodel in 2024 (less than 5 years ago), featuring a modern kitchen with stainless steel appliances, fully updated bathrooms, new flooring, and the recent addition of central air conditioning. It is in mint, move-in ready condition.
PROSSTRENGTHS & OPPORTUNITIES
- Exceptional Panoramic Views
This 'front row' end unit offers unobstructed views of Monterey Bay and city lights from the kitchen, living areas, and the newly expanded private deck.
- Comprehensive Modern Remodel
The interior features high-end upgrades including new central air conditioning, vaulted ceilings, electronic window shades, and a gourmet kitchen with a barn-door pantry.
- Superior Natural Light and Privacy
As a desirable end unit, the home benefits from additional windows and natural light accents, providing a bright, airy atmosphere and enhanced serenity.
CONSRISKS & DEFICIENCIES
- High Monthly Carrying Costs
The $650 monthly association fee adds a significant recurring expense to the ownership of this two-bedroom condominium.
- Aggressive Short-Term Appreciation
Listed at $100,000 more than its July 2024 purchase price, the property's 99 days on market suggests the current valuation may be challenging for the local market to absorb.
About 70 Forest Ridge Road 1
Front Row Seat Bay Views of Monterey Bay, Sparkling City Lights & More, Perhaps The Best Location In Hacienda Del Sol. Fabulous End Unit - Remodeled. Purchased July 2024 For $1,095,000, Gorgeous Remodel - Central Air Conditioning, New Flooring, Expanded Private Decking Off Living Room Expansive Views ... Sun Rises or Sun Sets. Enjoy Privacy, Peace, Serenity & More, Amazing Views From Kitchen, Dining Room, Living Room & Decking. Interior Laundry Room. Recently Additions: Central Air Conditioning, New Flooring, Remodeled Kitchen, Barn Door Pantry, Recessed Lighting, Stainless Appliance. Spacious Living Room, Vaulted Ceilings, Gas Fireplace, Electrified Window Coverings, New Flooring Accents, Formal Entry! Recent Improvements Include: New Paint, New Flooring, Expanded Deck - Loaded With Extras, Boasting 2 Spacious Bedrooms, 2.5 Remodeled Bathrooms, The Entire Home Having Natural Light Accents and Beautiful Views! Interior Laundry Room With Full Size Washer and Dryer. Exceptional Flow, Light and Bright Interior. Vaulted Living Room Ceilings With Gas Fireplace, Electronic Window Shades, Extras. Indoor Laundry Room. Private Parking For 2 Vehicles. This One of A Kind Property Rarely Comes To Market. Amazing Location! Trees Trimmed. Loaded With Extras!
Property Details
Public Facts
- Property Type
- Condominium
- Year Built
- 1977
- Lot Size
- 704 Sq. Ft.
Interior
- Total Bedrooms
- 2
- Total Bathrooms
- 3 (3 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $650.0 / Month
Neighborhood Insights
Monterey Unified Schools
Monte Vista
Grades K-5 • 0.8 mi
5/10
Walter Colton
Grades 6-8 • 0.4 mi
3/10
Monterey High School
Grades 9-12 • 0.7 mi
6/10
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 2.0 | 1.7 |
| Baths | 3.0 | 1.1 |
| Square foot | 1,378 | 826.375 |
| Lot Size | 704 | 892.5 |
| Price | $1.20M | $599.6K |
| Price per sq ft | $867 | $697 |
| Built year | 1977 | 1977 |
| HOA | $650.0 | $609 |
| Days on market | 106 | 70 |
Pricing History
Listed for Sale
May 26, 2026
$1,195,000
Initial Listing
Sold
Jun 10, 2024
$1,095,000
Public Record
Sold
Jul 3, 2017
$560,000
Public Record
Sold
Sep 20, 2002
$510,000
Public Record
Sold
May 24, 2000
$425,000
Public Record
Sold
Apr 25, 1996
$226,000
Public Record