$785,000
●
Condo -
Off Market
1 Surf Way #228
Monterey, CA 93940
2 Beds
2 Baths
1,083 Ft²
$1,121,754
RealtyHop Estimate
39.35%
Since Sep 1, 2017
CA-San Francisco
Primary Model
About This Property
Be ready to sip your coffee in the morning while you watch schools
of dolphins swim past, right from your balcony! As one of only two
complexes directly on the sand in Monterey, this gated community
awards private, secured access to the beach from your front door.
Enjoy water views from your living room, ocean view deck, and both
bedrooms. Recently updated, this unit is turn-key with many
amenities and both a designated garage and parking spot. Soaring
vaulted ceilings, unlike many surrounding units, add tons of volume
and ambient light. Centrally located in Monterey city, branch out
and enjoy all that the Peninsula has to offer, or grab a good book
and head down the beach to unwind. A fitness room, pool, and hot
tub are on site. Your next adventure awaits!
Unit Size
1,083 Ft²
Days on Market
143 days
Land Size
0.02 acres
Price per sqft
$743
Property Type
Condo
Property Taxes
-
HOA Dues
$831
Year Built
1993
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Cap Rate
100% Occupancy
N/A (extreme outlier) What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Last updated: 2 years ago (MLSListings Inc. #ML81644149)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Dec 20, 2024 | Listed | $1,074,000 | |
| Listed | |||
| | |||
|
A wonderful front row, ocean view value at the Surf Way condos. Watch the dolphins as you drink your coffee in the morning. There are ocean views from every room of this remodeled unit; one from the living room, and a views of Monterey Harbor from both bedrooms. Elevated a bit higher than most of the other units, this home affords more privacy than typically available in the complex. Excellent light and soaring ceilings in the living room provide a calm sanctuary to listen to the sound of crashing waves. There is a washer/dryer in the home, one garage and one dedicated covered parking space. An additional dedicated storage area is ready to house your boogie boards, beach chairs and bikes. A community pool and gym are also offered, as is a second community laundry facility. This home is available turnkey. Nothing beats living on the sand!
| |||
| Jul 22, 2020 | Listed by Sotheby's International Realty | $857,500 | |
| Listed by Sotheby's International Realty | |||
| | |||
| Aug 18, 2017 | Sold | ||
| Sold | |||
| Mar 28, 2017 | Listed by Sotheby's International Realty | $805,000 | |
| Listed by Sotheby's International Realty | |||
| | |||
|
Be ready to sip your coffee in the morning while you watch schools of dolphins swim past, right from your balcony! As one of only two complexes directly on the sand in Monterey, this gated community awards private, secured access to the beach from your front door. Enjoy water views from your living room, ocean view deck, and both bedrooms. Recently updated, this unit is turn-key with many amenities and both a designated garage and parking spot. Soaring vaulted ceilings, unlike many surrounding units, add tons of volume and ambient light. Centrally located in Monterey city, branch out and enjoy all that the Peninsula has to offer, or grab a good book and head down the beach to unwind. A fitness room, pool, and hot tub are on site. Your next adventure awaits!
| |||
Property Highlights
Garage
Parking Available
With View
Fireplace
Parking Details
Has Garage
Has Carport
Parking Features: Carport, Guest, Off Street
Garage Spaces: 1
Interior Details
Full Bathrooms: 2
Appliances: Dishwasher, Freezer, Microwave, Refrigerator
Flooring Type: Carpet, Laminate
Has Fireplace
Exterior Details
Square Footage: 1083
Square Footage Source: $0
Architectural Style: Contemporary
Year Built Source: Assessor
Year Built: 1993
Patio and Porch Features: Deck
Pool Features: Community, Association
Lot Size Area: 1024
Lot Size Units: Square Feet
Lot Size Acres: 0.0235
Lot Size Square Feet: 1024
Water Source: Public
Utilities Details
Heating Type: Electric
Sewer : Public Sewer
Location Details
HOA/Condo/Coop Amenities: Fitness Center, Management, Pool, Spa/Hot Tub, Trash
HOA Fee: $831
Comparables
Unit
Status
Status
Type
Beds
Baths
ft²
Price/ft²
Price/ft²
Asking Price
Listed On
Listed On
Closing Price
Sold On
Sold On
HOA + Taxes
Past Sales
| Date | Unit | Beds | Baths | Sqft | Price | Closed | Listed By |
|---|---|---|---|---|---|---|---|
|
02/14/2025
|
1 Bed
|
1 Bath
|
478 ft²
|
$645,000
1 Bed
1 Bath
478 ft²
|
$645,000
03/28/2025
|
Grace Merritt
Sea & Oak Properties
| |
|
12/16/2024
|
1 Bed
|
1 Bath
|
478 ft²
|
$949,000
1 Bed
1 Bath
478 ft²
|
$940,000
-0.95%
02/20/2025
|
Susan Spiegel
Keller Williams Realty
| |
|
04/05/2023
| |
2 Bed
|
2 Bath
|
1023 ft²
|
$1,450,000
2 Bed
2 Bath
1023 ft²
|
-
-
|
Susan Spiegel
Keller Williams Realty
|
|
05/13/2022
| |
2 Bed
|
2 Bath
|
1023 ft²
|
$1,400,000
2 Bed
2 Bath
1023 ft²
|
-
-
|
Shanne Carvalho
Christie's International Real Estate Sereno
|
|
05/08/2020
| |
2 Bed
|
2 Bath
|
1023 ft²
|
$899,000
2 Bed
2 Bath
1023 ft²
|
-
-
|
-
|
|
08/25/2021
|
2 Bed
|
2 Bath
|
1023 ft²
|
$1,150,000
2 Bed
2 Bath
1023 ft²
|
$1,185,000
+3.04%
09/17/2021
|
Susan Spiegel
KW Coastal Estates
| |
|
07/22/2020
|
2 Bed
|
2 Bath
|
1023 ft²
|
$857,500
2 Bed
2 Bath
1023 ft²
|
$857,500
07/22/2020
|
Ryan Melcher
Sotheby's International Realty
| |
|
03/25/2019
| |
2 Bed
|
2 Bath
|
1023 ft²
|
$1,095,000
2 Bed
2 Bath
1023 ft²
|
-
-
|
-
|
|
04/02/2018
|
1 Bed
|
1 Bath
|
478 ft²
|
$589,000
1 Bed
1 Bath
478 ft²
|
$580,000
-1.53%
06/21/2018
|
Christina Medina
Sotheby's Int'l Realty-Rancho
| |
|
03/16/2018
|
1 Bed
|
1 Bath
|
710 ft²
|
$760,000
1 Bed
1 Bath
710 ft²
|
$750,000
-1.32%
06/13/2018
|
Annette Boggs
Above and Beyond Real Estate
| |
|
02/27/2018
|
1 Bed
|
1 Bath
|
478 ft²
|
$565,000
1 Bed
1 Bath
478 ft²
|
$575,000
+1.77%
03/28/2018
|
Susan Spiegel
Keller Williams Realty
| |
|
01/13/2018
|
1 Bed
|
1 Bath
|
478 ft²
|
$549,900
1 Bed
1 Bath
478 ft²
|
$559,000
+1.65%
06/11/2018
|
Mark Delano Vincent
Coldwell Banker Realty
| |
|
11/27/2017
|
1 Bed
|
1 Bath
|
478 ft²
|
$585,000
1 Bed
1 Bath
478 ft²
|
$565,000
-3.42%
01/16/2018
|
Susan Spiegel
Keller Williams Realty
| |
|
07/09/2017
| |
2 Bed
|
2 Bath
|
1023 ft²
|
-
2 Bed
2 Bath
1023 ft²
|
-
-
|
-
|
|
06/18/2017
|
2 Bed
|
2 Bath
|
1023 ft²
|
$729,000
2 Bed
2 Bath
1023 ft²
|
$729,000
09/24/2017
|
Susan Spiegel
Keller Williams Realty
| |
|
04/11/2017
|
1 Bed
|
1 Bath
|
718 ft²
|
$765,000
1 Bed
1 Bath
718 ft²
|
$775,000
+1.31%
05/18/2017
|
Susan Spiegel
KW Coastal Estates
| |
|
03/28/2017
|
2 Bed
|
2 Bath
|
1083 ft²
|
$805,000
2 Bed
2 Bath
1083 ft²
|
$785,000
-2.48%
08/18/2017
|
Ryan Melcher
Sotheby's International Realty
| |
|
01/01/2016
|
1 Bed
|
1 Bath
|
718 ft²
|
$699,000
1 Bed
1 Bath
718 ft²
|
$699,000
04/25/2016
|
Annette Boggs
Above and Beyond Real Estate
| |
|
11/30/-0001
| |
2 Bed
|
2 Bath
|
1083 ft²
|
$995,000
2 Bed
2 Bath
1083 ft²
|
-
-
|
-
|
Building Info
About Del Monte Beach
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Listed by: Ryan Melcher, Sotheby's International Realty
Last Updated: 2 years ago
Data Source: CRMLS, MLS# ML81644149
Last Updated: 2 years ago
Data Source: CRMLS, MLS# ML81644149
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