701 Archer Street, Monterey, California 93940, Monterey, 93940 - 3 bed, 3 bath
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Monterey, California 93940
This Renovated Coastal Sanctuary is listed at $1,780,000—positioned well below the $1,815,112 Fair Market Value by 1%. This valuation offers $35,112 in Instant Equity for a home boasting an Excellent Condition Rating after a high-end comprehensive renovation. Featuring sweeping ocean views, a modern chef's kitchen, and a private front deck, the property delivers a premium lifestyle blocks from Cannery Row. Proximity to Top-Rated Pacific Grove Schools (9/10) adds significant long-term value. This is an ideal acquisition for Lifestyle Seekers or Owner-Occupants.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 701 Archer Street Subject | $1,780,000* List Price | 3 | 3 | 1,897 | $905 | - |
A 675 Pine Street Sold | $2,105,000 | 5 | 4 | 2,491 | $845 | 0.1 mi |
B 981 Harrison Street Sold | $1,462,500 | 3 | 3 | 1,867 | $783 | 0.8 mi |
C 721 Oak Street Active Under Contract | $1,495,000 List Price | 4 | 3 | 1,758 | $850 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
Although built in 1965, the property has undergone a high-end comprehensive renovation within the last 5 years. The interior features a modern chef's kitchen with premium stainless steel appliances and stone countertops, updated spa-like bathrooms with frameless glass enclosures, recessed lighting, and contemporary flooring throughout. The systems and finishes appear in mint condition with no immediate maintenance required.
High School: Pacific Grove High School (9/10).
The property features expansive front-facing windows and multiple outdoor vantage points that showcase sweeping views of Monterey Bay and the Pacific Ocean.
Ideally situated within walking distance of Cannery Row, the Monterey Bay Aquarium, and scenic recreation trails, offering a quintessential coastal lifestyle.
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =5663, other record lot size in square feet = 5850.
Originally constructed in 1965, the home may necessitate ongoing maintenance or modernization of older systems to meet contemporary standards.
The 5,663 square foot lot is relatively modest for the $1.78M price point, which may limit privacy or future expansion possibilities for the owner.
Enjoy coastal living in this Monterey Bay beach house offering sweeping ocean views and a prime location just blocks from the shoreline, coastal dining, boutique shopping, and recreation trails. The home features three bedrooms and three full bathrooms with a functional floor plan designed for comfort and versatility. An oversized garage provides additional storage. Expansive front-facing windows showcase scenic ocean views across the full width of the home. Ocean views can also be enjoyed from select bedrooms, the front patios, and the front deck, creating inviting spaces to relax and take in the coastal setting. The kitchen is equipped with premium appliances and designed for both everyday living and entertaining. The generous backyard provides space for outdoor enjoyment and gardening, featuring mature fruit trees, a bocce ball court, and areas ideal for entertaining. Located minutes from Cannery Row, the Monterey Bay Aquarium, the wharf, and coastal recreation trails, the property offers convenient access to Montereys renowned coastal attractions, historic landmarks, and year-round community events.
No exterior & parking available.
Grades K-5 • 1.2 mi
Grades K-5 • 1.6 mi
Grades 6-8 • 0.8 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 3.0 | 50% |
| Baths | 3.0 | 2.0 | 51% |
| Square foot | 1,897 | 1,996 | 44% |
| Lot Size | 5,663 | 6,970 | 34% |
| Price | $1.78M | $1.19M | 69% |
| Price per sq ft | $938 | $669 | 86% |
| Built year | 1965 | 1964 | 51% |
| HOA | $0 | $0 | 50% |
| Days on market | 107 | 184 | 22% |
Feb 27, 2026
$1,780,000
Initial Listing
Feb 4, 2021
$1,149,000
Public Record
Aug 21, 2012
$700,000
Public Record
May 16, 1995
$345,000
Public Record