Cannery Row/Lighthouse Business District
The Cannery Row/Lighthouse Business District of Monterey is a vibrant and lively section of Monterey real estate that hugs the Monterey Bay and is a destination for tourists around the world. The district is bordered by the famous Cannery Row, David Avenue, Hawthorne Lane and the tunnel which will take you into Old Town Monterey. These blocks are home to Monterey’s most famous residents, the incredible marine life at the Monterey Bay Aquarium. From sea otters to giant kelp to brilliant sea horses and jellyfish, each year this amazing aquarium draws more than 1.8 million visitors. In addition to the aquarium, Cannery Row boasts numerous fantastic restaurants featuring fresh local seafood, galleries and shops, as well as many highly rated hotels including the Monterey Plaza Hotel, The Clement and the Portola Hotel and Spa. The sights and sounds of Cannery Row are not strictly for the tourists however, locals alike enjoy an evening stroll through the neighborhood and popping in for a mid-week meal at their favorite spot or simply enjoying the ambiance of the areas historic charms.
A few streets from Cannery Row you will find Lighthouse Avenue, a stretch of over 120 shops, businesses and dining establishments. The restaurants on Lighthouse are richly diverse. From Sushi to Hawaiian, Persian to BBQ, there is truly a menu to please every palate and mood. There are numerous antique shops, surf shops and fitness studios as well as locations for banking, pharmacy and grocery, conveniently located to suit the needs of the surrounding homes.
While residential ownership opportunities in the Lighthouse/Business District are few, there are commercial real estate opportunities as well as opportunities in the surrounding residential neighborhoods. Living a couple blocks up from this vibrant center of town you will find yourself in a desirable neighborhood of homes, many offering bay views from their elevated perch.
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Historical Market Information
2020
2 homes sold in this neighborhood in 2022. The most expensive home to sell was a 2 bedroom, 2.5 bath home with Ocean views, 1,865 SqFt of living space on a 2,250 SqFt lot and sold for 1.565 Million. The least expensive home to sell was a 2 bedroom, 1 bath home with 961 SqFt of living space on a 5,475 SqFt lot and sold for 800K.
2021
1 home sold in this neighborhood in 2021. It was a 3 bedroom, 2 bath, fully furnished, turn-key unit with 1,767 SqFt of living space and sold for 1.825 Million.
2020
No homes sold in this neighborhood in 2020.
2019
4 homes sold in this neighborhood in 2019. The most expensive home that sold was the 2 bedroom, 2 bath penthouse located at “The Villas at Cannery Row” with 2,300 SqFt of living space and sold for 3.625 Million. The least expensive home to sell was a 2 bedroom, 1 bath home with 708 SqFt of living space on a 2,000 SqFt lot and sold for 580K.
2018
3 homes sold in this neighborhood in 2018. The most expensive home that sold was a 2 bedroom, 2 bath + office brand new condominium at “The Villas at Cannery Row” with 1,650 SqFt of living space, bay views and sold for 2.5 Million. The least expensive home to sell was a 2 bedroom, 2 bath home with 1,304 SqFt of living space and sold for 1.52 Million.
2017
1 home sold in this neighborhood in 2017. It was a 2 bedroom, 1 bath renovated cottage with 615 SqFt on a 6,000 SqFt lot and sold for 610K.
2016
No homes sold in this neighborhood in 2016.
2015
2 homes sold in this neighborhood in 2015. The most expensive home that sold was a 2 bedroom, 2 bath home with Ocean views and 1,640 SqFt of living space on a 2,178 SqFt lot and sold for 728K. The least expensive home to sell was a 2 bedroom, 2 bath home with 875 SqFt on a 3,680 SqFt lot and sold for 415K.
2014
1 home sold in this neighborhood in 2014. It was a 2 bedroom, 1 bathroom home featuring 1,089 SqFt of living space on a 3,600 SqFt lot and sold for 492K.
2013
1 home was sold in this neighborhood in 2013. This Cannery Row Pied a Terre was sold for 1.025 Million and has 1,600 SqFt of living space, 2 beds, and 2 baths.
The Cannery Row/Lighthouse Business District is a bustling and dynamic section of Monterey that promises to grow as a destination as the neighborhood further develops and new businesses are attracted to the area. With cherished establishments such as the Sardine Factory and the Monterey Bay Aquarium it is a historic section of town with unique influence from the days of the canneries and life so richly described by John Steinbeck. Surrounding the district and impossible to overlook is the beauty of the Monterey Bay which offers immense opportunities for exploration and recreation. To own a home anywhere in Monterey is to be part of a truly unique and beautiful coastal town.
Photo courtesy of www.canneryrow.com
