8 Cramden Drive, Monterey, California 93940, Monterey, 93940 - 4 bed, 4 bath
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Monterey, California 93940
This Spacious Skyline Ridge Residence represents a High-Potential Investment Opportunity, listed at $2,450,000—positioned well above the $2,166,402 Fair Market Value by 13%. While currently priced for the market, the property’s 3,825 sq ft footprint and quarter-acre lot offer significant upside through cosmetic modernization. Featuring a Condition Rating of 4, the home provides a solid foundation for value-add renovations. Located near top-rated schools like Monterey High, this property is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking a long-term, customizable coastal asset.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 8 Cramden Drive Subject | $2,450,000* List Price | 4 | 4 | 3,825 | $566 | - |
A 4 Sommerset Vale Sold | $2,075,000 | 4 | 4 | 3,340 | $621 | 0.3 mi |
B 23 Cramden Drive Sold | $1,750,000 | 4 | 4 | 3,292 | $532 | 0.1 mi |
C 791 Toyon Dr. Active | $1,739,900 List Price | 3 | 3 | 2,400 | $725 | 0.5 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1989, this 35-year-old property is well-maintained but dated. The kitchen features older oak cabinetry and the bathrooms retain original 1990s-style gold-trimmed shower doors and fixtures. While functional and move-in ready, it requires cosmetic updates to the primary systems and surfaces to meet modern standards.
Situated in the prestigious Skyline Ridge area, this property offers a rare combination of exceptional privacy on a quarter-acre lot with mature trees while being minutes away from Monterey's top attractions like Cannery Row and Pebble Beach.
Boasting 3,825 square feet with soaring ceilings and an open-concept layout, the home provides a grand, light-filled atmosphere that is ideal for both high-end entertaining and flexible multi-generational living.
The property is ideally located near highly-regarded educational institutions, including Monte Vista and Monterey High School, adding significant long-term value for families.
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =11761, other record lot size in square feet = 11700.
With 55 days on the market and a recent price reduction of over $130,000, the property is currently facing a period of stagnation that may require further price discovery or aggressive marketing.
Built in 1989, the residence may require capital investment for cosmetic or functional updates to align with the contemporary luxury standards expected at the $2.45M price point.
Welcome to 8 Cramden Drive, a spacious and light-filled home located in the highly desirable Skyline Ridge area of Monterey. This 4-bedroom, 3.5-bathroom residence offers 3,825 sq ft of living space on a generous quarter of an acre lot surrounded by mature trees, providing exceptional privacy and a peaceful setting.The home features soaring ceilings, expansive living areas, and abundant natural light throughout. The open layout is perfect for both everyday living and entertaining, with a large kitchen that flows seamlessly into the dining and living spaces. A cozy fireplace adds warmth and charm to the main living area. The spacious primary suite offers a private retreat, while additional bedrooms provide flexibility for guests, a home office, or multi-generational living. An attached garage provides ample storage and convenience. Enjoy a large backyard ideal for relaxing, entertaining, or enjoying the fresh coastal air. Located just minutes from Cannery Row, Monterey Bay Aquarium, Pacific Grove, Pebble Beach, and scenic coastal trails. Close proximity to Monte Vista K-8 and Monterey High School. Dont miss this opportunity to own a beautiful home in one of Montereys most peaceful and sought after neighborhoods.
No exterior & parking available.
Grades K-5 • 0.6 mi
Grades 6-8 • 0.4 mi
Grades 9-12 • 0.4 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 4.0 | 3.0 | 61% |
| Baths | 4.0 | 2.0 | 83% |
| Square foot | 3,825 | 2,012 | 90% |
| Lot Size | 11,761 | 7,368 | 69% |
| Price | $2.45M | $1.19M | 95% |
| Price per sq ft | $641 | $660 | 41% |
| Built year | 1989 | 1964 | 76% |
| HOA | $220.0 | $0 | 75% |
| Days on market | 60 | 184 | 3% |
Jun 4, 2026
$2,450,000
$2,588,000
-5% Price Drop
Initial Listing
Apr 15, 2026
$2,588,000
Initial Listing