Old Town Monterey
The neighborhood of Old Town Monterey consists of many historic homes built at the turn of the century which possess spectacular views of the Monterey Bay. Just 4 blocks up the hill from Cannery Row this desirable section of town is vibrant and alive with history and activity. The neighborhood borders the Lighthouse Shopping District and is walking distance to the Monterey Bay Aquarium as well as the Wharf and nearby beaches. It also maintains very close proximity to the town of Pacific Grove which is ideal for shopping and dining with its charming hometown ambiance and colorful historic Victorian homes. In addition your neighborhood is just blocks from the Monterey Bay Coastal Trail, an amazing 29 mile long stretch from Pebble Beach to Castroville. With paved paths it is popular with cyclists, joggers and walkers for a scenic journey along the Monterey Bay, from dramatic coastline to the sand dunes of Fort Ord State Beach, to the agricultural fields of Castroville. It is a great way to avoid busy car filled roads and ride or walk on well-maintained paths that offer scenic vistas and fresh sea breezes. It is a wonderful neighborhood for families as well and is part of the Monterey Peninsula Unified School District which upholds an excellent reputation. Homes here have character and are sought after by many who desire a home in a quintessential Monterey neighborhood.
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Historical Market Information
2022
There were 9 homes that sold in this neighborhood in 2022. The most expensive home that sold was a 4 bedroom, 3.5 bath remodeled home with Ocean and city views, 3,374 SqFt of living space on a 7,680 SqFt lot and sold for 2.62 Million. The least expensive home that sold was a 3 bedroom, 1 bath home with 1,321 SqFt of living space on a 2,400 SqFt lot and sold for 895K.
2021
There were 19 homes that sold in this neighborhood in 2021. The most expensive home that sold was a 5 bedroom, 2 bath Spanish-style home with 3,078 SqFt of living space on a 9,600 SqFt lot and sold for 2.2 Million. The least expensive home that sold was a 1 bedroom, 1 bath 1930’s rustic cottage with 672 SqFt of living space on a 3,207 SqFt lot and sold for 600K.
2020
There were 12 homes that sold in this neighborhood in 2020. The most expensive home that sold was a 5 bedroom, 4 bath home with 2,787 SqFt of living space on a 6,100 SqFt lot and sold for 1.315 Million. The least expensive home that sold was a 2 bedroom, 2 bath townhouse with 908 SqFt of living space and sold for 510K.
2019
There were 14 homes that sold in this neighborhood in 2019. The most expensive home that sold was a 3 bedroom, 2 bath brand new home with 1,825 SqFt of living space on a 4,800 SqFt lot and sold for 1.2 Million. The least expensive home that sold was a 3 bedroom, 2 bath fixer with 1,147 SqFt of living space on a 3,200 SqFt lot and sold for 550K.
2018
There were 21 homes that sold in this neighborhood in 2018. The most expensive home that sold was a triplex with a total of 6 bedrooms, 3.5 baths, 2,802 SqFt of living space on a 5,612 SqFt lot and sold for 1.22 Million. The least expensive home that sold was a 2 bedroom, 2 bath townhouse with 920 SqFt of living space and sold for 503K.
2017
There were 16 homes that sold in this neighborhood in 2017. The most expensive home that sold was a secluded, park-like 4 bedroom, 2 bath home with 2,453 SqFt of living space on a 8,640 SqFt lot and sold for 1.235 Million. The least expensive home that sold was a 1 bedroom, 1 bath home with 546 SqFt of living space on a 1,800 SqFt lot and sold for 561K.
2016
There were 14 homes that sold in this neighborhood in 2016. The most expensive home that sold was a 5 bedroom, 4 bath Colonial home overlooking Monterey Bay with 4,200 SqFt of living space on a 16,801 SqFt lot and sold for 1.8 Million. The least expensive home that sold was a 2 bedroom, 1 bath home with 796 SqFt of living space on a 2,361 SqFt lot and sold for 525K.
2015
There were 24 homes that sold in this neighborhood in 2015. The most expensive home that sold was a historic adobe with 1 bedroom + loft, with 1 bathroom main house and a separate 1 bedroom, 1 bath guest unit and sold for 1.7 Million. The least expensive home that sold was a 2 bedroom, 1 bath home with 796 SqFt of living space that needed TLC on a 2,360 SqFt corner lot and sold for 409K.
2014
There were 11 homes that sold in this neighborhood in 2014. The most expensive home that sold was a 4,200 SqFt home on 16,800 SqFt lot and sold for 1.39 million. The least expensive home that sold was a 908 SqFt condo which sold for 382K.
2013
There were 14 homes that sold in this neighborhood in 2013. The most expensive home that sold was a 2,250 SqFt home on a 5,840 SqFt lot, which sold for 850K. The least expensive home that sold was a 1,300 SqFt home on 5,600 SqFt of land, which sold for 360K.
2012
There were 23 home that in this neighborhood in 2012. The most expensive home sold for 1.25 Million and was a 6 bedroom, 4 bath home with 3,987 SqFt of living space on a large 19,200 SqFt lot. The least expensive home sold for 325K and was a 631 SqFt bungalow that was built in 1918 and had 2 bedrooms, 1 bath and was situated on a 1,800 SqFt lot.
For a detailed analysis of Monterey real estate sales, check out our monthly Community Market Reports. To own a home in Old Town Monterey is to be part of the unique and beautiful coastal community of Monterey. Rich in history from its days as our state’s capital to the era of sardine fishing and the canneries along today’s Cannery Row, it is a jewel of a neighborhood to call home. A prime location on the Monterey Peninsula, you have easy access to the best in recreation including sailing, kayaking, cycling, scuba, volleyball, surfing and more. Monterey has dozens of parks to enjoy as well as numerous beaches on which to enjoy the sparkling blue waters. Golfers will love the abundance of courses that offer challenging play in awe inspiring settings. From the world renowned courses in Pebble Beach to Monterey’s own courses including Del Monte, Bayonet & Blackhorse, Monterey Pines and more. Your convenient Old Town Monterey location gives you excellent options for dining and shopping, from small independent boutiques to the bustling Del Monte Center in Monterey with retailers such as Macy’s, Banana Republic, Pottery Barn, and many more. For groceries Nob Hill Foods is just blocks away and you will find a Whole Foods and Trader Joes as well. Taking care of your everyday essentials is a breeze and discovering unique things to do and see is limitless. What a wonderful, one of a kind neighborhood to call home.
