See Home Value
$792,000
● House - Off Market

518 Cortes Street

Monterey, CA 93940
bedrooms
2 Beds
bathrooms
1 Bath
square feet
628 Ft²
$3,924
Est. Monthly

About This Property

Completely charming remodeled coastal bungalow in the highly sought-after Pearl District of Downtown Monterey. From the front steps, enjoy a peek of the ocean and fresh coastal air. This beautifully updated home offers 2 bedrooms, 1 bathroom, plus a versatile bonus room that can function as a third bedroom, office, study, or family room, providing flexible living options to suit a variety of needs.The home features a brand-new kitchen with stylish sage cabinetry, quartz countertops, stainless steel appliances, and modern finishes throughout. Additional upgrades include luxury vinyl plank flooring, fresh interior and exterior paint, updated lighting, and a beautifully tiled tub/shower. A private green outdoor space adds to the charm and functionality of this coastal retreat.Zoned for both residential and commercial use (buyer to verify) this property offers exceptional versatility ideal for a primary residence, second home, live/work opportunity, or investment property. Conveniently located just steps away from downtown shops, restaurants, parks, and the Monterey Bay coastline, this move-in-ready home combines location, flexibility, and modern comfort.
Unit Size
628 Ft²
Days on Market
95 days
Land Size
0.03 acres
Price per sqft
$1,272
Property Type
House
Property Taxes
-
HOA Dues
-
Year Built
1930

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Last updated: 8 months ago (MLSListings Inc. #ML82029366)

Price History

Date / Event Date Event Price
Mar 17, 2026 Sold
Sold
Feb 12, 2026 In contract -
In contract
Feb 3, 2026 Price Decreased $799,000
↓ $36K (4.3%)
Price Decreased
Jan 15, 2026 Price Decreased $835,000
↓ $34K (3.9%)
Price Decreased
Dec 12, 2025 Listed by eXp Realty of California Inc $869,000
Listed by eXp Realty of California Inc
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Property Highlights

Parking Available

Building Info

Overview

    General

  • Year Built: 1930
  • Effective Year Built: 1930
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 2
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 3
  • Building Quality: 7
  • Construction Type: 6
  • Building Style: 3
  • Exterior Walls Type: 12
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 3
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 1,400
  • Total Building Area: 628
  • Gross Building Area: 628
  • Building Area: 628
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 24
  • Heated Square Feet: 628
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 1
  • Water Service: 2

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: SEVERANCE
  • Land Acres: 0000000032
  • Standard Land Use Code: 1001
  • County Land Use Code: 1C
  • Legal Description 1: SEVERANCE BLK BK PG 28B L11 BLK J AKA ROBINSON SUB E 5 FT OF SLY 25 FT OF N 70 FT LOT 8 THE SLY 25 FT OF NLY 70 FT OF L 7 BLK 2

Neighborhood

  • School District Name: Monterey Peninsula Unified School District
  • Census Tract: 012700

Geography

  • Parcel: 001-722-007-000
  • Block: J
  • Lot: 11,8
  • Latitude: 36.5976
  • Longitude: -121.889

    Address

  • Full Address: 518 Cortes St
  • Address - House Number: 518
  • Address - Street Name: Cortes
  • Address - Suffix Type: St
  • State: CA
  • City Name: Monterey
  • Carrier Code: C002
  • 4-Digit Zip Code: 3212
  • Zip Code: 93940

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $701,522
  • Tax Rate Code Area: 003-012

    Appraisal Valuation

  • Standard Deviation: 0.2448
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 65
  • Final Value: 1,054,373
  • High Value: 1,312,561
  • Low Value: 796,185

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $656,880
  • Assessed Land Value: $448,800
  • Assessed Improvements Value: $208,080

    Sales

  • Current Sale Contract Date: Jul 14, 2021
  • Current Sale Recording Date: Jul 30, 2021
  • Current Sale Price:
  • Current Sale Document Type: 36
  • Current Sale Input Document Number: 2021051681
  • Previous Sale Recording Date: Mar 29, 2013
  • Previous Sale Contract Date: Mar 18, 2013
  • Previous Sale Amount: $300,000
  • Previous Sale Document Type: 36
Data used for valuation calculations is provided by RealtyHop, and other third party sources

Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes

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Frequently Asked Questions

When was property at 518 Cortes Street built and last sold?
The property at 518 Cortes Street was built in 1930 and last sold on Jul 14, 2021 for $644,000.
How much is this home worth?
The estimated value of the home located at 518 Cortes Street is $806,990.
What are some comparable homes to 518 Cortes Street?
There are currently no comparable homes to 518 Cortes Street.