
Salinas, California 93908
This Multi-Generational Estate represents a Strong Value Opportunity, currently listed at $3,495,000, which aligns with its $3,495,000 Fair Market Value. While the property maintains a Condition Rating of 4, its expansive 5-acre lot, Chef's Kitchen, and independent guest house offer significant potential for modernization. The estate features unobstructed panoramic views and over 1,600 sq. ft. of verandas, providing a rare sanctuary for those seeking privacy. This property is an ideal acquisition for Multi-Generational Families or Luxury Homeowners looking to customize a premier Corral de Tierra estate.
Property is moderate renovation needed.
Built in 1988 (36 years old), the property is well-maintained but significantly dated. Interior photos show original-style white cabinetry with wood pull-tabs in the laundry room, older wallpaper, and 90s-era granite/fixtures in the kitchen and baths. Per the criteria, its age (>20y) and dated aesthetic require updates to meet modern luxury standards.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 228690, living area = 5029.
The estate features a substantial main residence plus a fully independent 1-bedroom guest house with its own 2-car garage, providing rare flexibility for extended family, long-term guests, or an au pair.
With over 1,600 square feet of verandas and manicured patios, the property offers unobstructed, iconic views of Steinbeck’s 'Pastures of Heaven' and Castlerock, creating a premier indoor-outdoor lifestyle.
Living area discrepancy between mls listing and other public or private record. mls listing living area = 5029, other record living area = 4542.
The property has been on the market for 96 days and has already undergone a significant price reduction of $255,000, which may indicate initial overpricing or a slower absorption rate for this specific luxury segment.
Built in 1988, the colonial-style architecture and certain interior finishes may require additional capital investment to meet the contemporary aesthetic and smart-home expectations of modern luxury buyers.
Privately set behind gates in the heart of Corral de Tierra, this exceptional colonial estate offers a rare blend of seclusion, luxury, & quality country living. This Multi-Generational Estate is perfect for the large or growing family. Main house has a guest wing & a 3-car garage. In addition to the main house there is a 1BR 1BTH Guest House with 2 car garage, & expansive deck with beautiful views. The main home offers 4 bedrooms & 4 bathrooms, providing comfort & flexibility for a variety of living arrangements. Thoughtfully designed for both everyday living & entertaining. The home features a chef's kitchen appointed with granite countertops & top of the line appliances as well as a huge center island with extra storage & sitting. The kitchen & family room have plenty of natural light and window seating for relaxing while taking in the gorgeous unobstructed views of Castlerock & Pastures of Heaven. Designed for comfort and elegance, the home features stunning views of the rolling hills, plus easy indoor-outdoor flow for entertaining or everyday moments being enjoyed on the spacious patio & over 1600 sf of verandas create a private sanctuary under vivid night skies. Enjoy views of Steinbecks Pastures of Heaven from the manicured rear patios & gardens. A truly unique property!
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 4.0 | 3.0 |
| Baths | 4.0 | 2.0 |
| Square foot | 5,029 | 1,586.885 |
| Lot Size | 228,690 | 6,939.262 |
| Price | $3.50M | $809.5K |
| Price per sq ft | $695 | $527 |
| Built year | 1988 | 1973 |
| HOA | $0 | $218 |
| Days on market | 135 | 46 |
Jul 25, 2026
$3,495,000
$3,750,000
-7% Price Drop
Initial Listing
Apr 27, 2026
$3,750,000
Initial Listing