
Monterey, California 93940
This Single Family Residence in the prestigious Peters Gate neighborhood represents a Strong Value Opportunity, listed at $1,700,000—positioned well above the $1,592,215 Fair Market Value by -6%. While priced at a premium, the home features a Condition Rating of 3, offering a move-in ready layout with a rare ground-floor primary suite, vaulted ceilings, and high-end functional upgrades like a Generac generator and EV charger. This property is an ideal acquisition for Owner-Occupants or coastal lifestyle seekers prioritizing modern convenience and location.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 932 Monterey Circle Subject | $1,700,000* List Price | 4 | 3 | 2,123 | $750 | - |
A 981 Monterey Circle Sold | $1,600,000 | 4 | 3 | 2,340 | $684 | 0.1 mi |
B 710 Woodcrest Lane Sold | $1,435,000 | 3 | 2 | 1,646 | $872 | 0.2 mi |
C 981 Harrison Street Sold | $1,462,500 | 3 | 3 | 1,867 | $783 | 0.7 mi |
D 11 Pinehill Way Active | $1,550,000 List Price | 4 | 3 | 2,561 | $605 | 0.7 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
While built in 1955, the home is in well-maintained, move-in ready condition. The kitchen features updated stainless steel appliances and stone countertops, though the oak cabinetry reflects a renovation from approximately 15-20 years ago. Significant value is added by modern system upgrades including a whole-house Generac generator and a Level 2 EV charger, elevating it above a 'fair' rating despite the dated aesthetic elements.
Situated in the prestigious Peters Gate neighborhood, the property offers exceptional proximity to Fisherman's Wharf, Del Monte Beach, and local dining and shopping.
The home is equipped with premium features including a whole-house Generac generator, a Level 2 EV charger, and advanced water filtration systems, providing modern convenience and security.
Featuring a rare ground-floor primary suite and soaring vaulted ceilings with skylights, the layout maximizes both accessibility and natural light throughout the living spaces.
Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 4, other record bedroom count = 2.
Originally built in 1955, the property may require ongoing maintenance or updates to aging infrastructure typical of homes from this era.
The 6,875-square-foot lot is relatively compact for the $1.7M price point, potentially limiting outdoor recreational space or privacy compared to larger estates.
Nestled in the highly sought-after Peters Gate neighborhood, this beautifully appointed 4-bedroom, 3-bath home offers comfort, style, and an unbeatable location. Featuring a desirable ground-floor primary suite, the home is filled with natural light from soaring vaulted ceilings and multiple skylights throughout. The inviting front courtyard provides the perfect setting for morning coffee or relaxing evenings. Additional highlights include a whole-house Generac generator, a Level 2 electric vehicle charger, a soft water system, and a reverse osmosis filtration system for added comfort and convenience. Ideally located just minutes from shopping, dining, Fisherman's Wharf, and Del Monte Beach, this home captures the best of coastal living.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 4.0 | 3.0 | 59% |
| Baths | 3.0 | 2.0 | 52% |
| Square foot | 2,123 | 2,004 | 55% |
| Lot Size | 6,875 | 6,922.5 | 50% |
| Price | $1.70M | $1.19M | 67% |
| Price per sq ft | $801 | $664 | 72% |
| Built year | 1955 | 1963 | 36% |
| HOA | $0 | $0 | 50% |
| Days on market | 9 | 177 | 2% |
May 28, 2026
$1,700,000
Initial Listing
Aug 23, 2004
$980,000
Public Record