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Here is an extraordinary chance to acquire two homes on a large lot within the highly desirable Peter's Gate neighborhood of Monterey. This property has remained in the same family for more than 50 years. It needs an imaginative new owner to bring out its incredible potential. The main house offers four bedrooms and two full bathrooms, including a primary suite with soaring ceilings, an en-suite bath, and ample closet space. The kitchen has an abundance of cabinetry in clean condition, and the adjoining dining room features distinctive accent tiles. Imagine the evenings you can spend by the rock fireplace in the massive living room. The separate ADU functions beautifully as a guest house, rental, or comfortable haven for live-in relatives. It features one bedroom, one full bathroom, and a bonus space or office. There is an open concept living area and kitchen, and a private deck large enough for hosting friends on barbecue nights. A long driveway runs from the street to a single-car garage attached to the back house. Bring your ideas, and create the lifestyle of your dreams in a lush and tranquil neighborhood just moments from Highway 1, restaurants, shops, and all the charms of Old Town Monterey and the rest of the incomparable Monterey Peninsula.
Listing agent: The Ruiz Group DRE #70010112 peteruiz@kw.com, Listing office: Keller Williams, Inc.
MLS data updated 10/24/2026, 8:52:51 AM PT
Source: CRMLS, MLS #: ML81949305
Belmont insights
Compare recorded home prices, same-type ZIP sales and mortgage rates.
Jan 17, 2024
Prices use the left axis; mortgage rates use the right. Hover, tap, or focus the chart and use the arrow keys. Red SOLD badges mark recorded sales.
This home · nearest recorded event
$1,425,000Closed sale · Jan 17, 2024ZIP 93940 · Jan 2024
No monthly averageAt least 3 eligible sales in this month are required.30-year fixed mortgage benchmark
No weekly rateNo published rate within 7 days of this date.ZIP averages use publicly displayable closed sales from our licensed MLS feed, matched to the same ZIP and exact property type. Months with fewer than 3 sales are omitted; the current month is incomplete. Lines connect available monthly observations across gaps and do not represent measured prices in missing months. These averages are not adjusted for size, condition, or location within the ZIP, and are not an appraisal. Feed coverage may not include every sale. All available shows the available home and ZIP history, with mortgage rates over the same dates.
Mortgage benchmark: Freddie Mac Primary Mortgage Market Survey®. © Freddie Mac. Weekly national 30-year fixed rates, not APRs or a loan quote. Actual terms vary. Methodology changed in November 2022. The chart does not establish that interest-rate changes caused a home’s price changes.
Lines connect recorded asking and sale prices. They are visual guides, not estimates of the home’s value between those dates.
No earlier records were returned by our current sources. This does not mean the home has never sold.
MLS records may be incomplete. Earlier asking prices are not sale prices.