Listed 278 days ago · October 29, 2025 | MLS# ML82026171
$780/sqft -6% vs Monterey avg
What this means: Priced below the Monterey per-sqft average. Compare to recent sales below for context.
Est. $5,676/moP&I $4,509 · Tax $905 · Insurance $262 · HOA $0Assumes 20% down ($173,800) at 6.75% · Contact Timothy for a lender referralAegis Luxury Real Estate is a licensed California real estate brokerage (DRE# 01328224) and is not a mortgage lender, mortgage broker, or loan originator. The figures shown are estimates for general reference only and do not constitute a loan offer, pre-approval, pre-qualification, or commitment to lend. Estimates use the applicable county average property tax rate of 1.25% of home price annually. Actual rates, payments, taxes, and insurance vary by lender and borrower qualifications. Contact Timothy for a referral to one of our preferred lending partners.
Active listing in Monterey, Santa Clara County. Convenient access to schools, parks, and Bay Area employment centers.
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2 Bed / 1 Bath / 1,114 sqft on 3,485 sqft Lot
Spec sheet at a glance. See full details below for interior, exterior, and lot features.
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Listed at $869K vs City Average $1.5M
$780/sqft compared to Monterey avg $833/sqft (-6.4%).
Best fit forActive BuyersMonterey SearchersMove-Up / Move-In
About This Home
Escape to the coast with this rare opportunity to own a competitively priced home in highly desirable New Monterey, located directly across from Cypress Street Park. This 1,114-square-foot cottage offers two bedrooms and one bathroom in a highly desirable, peaceful neighborhood. Brimming with character and potential, the home features hardwood floors, fresh interior and exterior paint, updated plumbing and appliances, and new carpet. A private carport is accessed via a shared driveway from Lily Street. Important updates have already been completed, including a new roof, updated electrical panel, and a completed sewer lateral. With these key improvements in place, you can focus on adding your own style and modern touches. Enjoy unparalleled walkability just steps from the park and a scenic stroll to world-famous Cannery Row, the Monterey Bay Aquarium, and neighboring Pacific Grove. Whether you are seeking a peaceful weekend sanctuary or a permanent relocation, this property combines unbeatable coastal convenience and incredible value in a world-class destination.
MLS ID #ML82026171, Denise Miotke. Listing provided by Sotheby’s International Realty · MLSListings Inc.
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Property Details
Property Type
Single Family Residence
Year Built
1929
Bedrooms
2
Bathrooms
1 Full
Living Area
1,114 sqft
Lot Size
3,485 sqft
Garage
N/A
Price/sqft
$780
County
Monterey
MLS Number
ML82026171
Status
Active
Stories
N/A
HOA
None
Interior Features
CentralForcedAir
Exterior & Lot
Composition Roof0.08 Acres
Location
This HomeActive ListingNew (3 days or less)Price ReducedOpen HouseSold
642 Cypress ST, Monterey, CA 93940 · Monterey County
Market Context
Price Positioning
$Price context: Listed at $780/sqft vs Monterey avg $833/sqft (6.4% below).
$Sale-to-list: Monterey homes selling at 99.3% of asking.
⏲Velocity: City avg 35 days. This home: 278 days.
🏠Inventory:20 2-bedroom homes currently available in Monterey.
Source: MLSListings Inc. Timothy Alston, Broker, DRE# 01328224.
Want to know what this home will actually sell for? Get a data-backed offer range based on recent comparable sales.
This 1,114 square foot single-family home at 642 Cypress ST in Monterey features 2 bedrooms and 1 bathrooms. Listed at $869,000, this NewMonterey property reflects the current pricing trends for 2-bedroom homes in the 93940 zip code.
2-Bedroom Homes for Sale in Monterey 93940
Browse 2-bedroom single-family home listings in the NewMonterey area of Monterey. Properties in 93940 are currently averaging $833 per square foot with 35 days on market.
What to Expect When Buying in NewMonterey
The NewMonterey market in Monterey features a mix of single-family home properties ranging from starter homes to luxury estates. Current inventory levels suggest moderate conditions for buyers in this area.
Listed at $869,000 ($780/sqft). Monterey avg is $833/sqft, placing this 6.4% below. Comparable recent sales help frame the value.
Listed 278 days (as of October 29, 2025). Monterey average is 35 days.
Est. $5,676/mo with 20% down ($173,800) at 6.75%. Includes principal & interest ($4,509), property tax ($905), and insurance ($262). HOA: None. Aegis Luxury Real Estate is a licensed California real estate brokerage (DRE# 01328224) and is not a mortgage lender, mortgage broker, or loan originator. The figures shown are estimates for general reference only and do not constitute a loan offer, pre-approval, pre-qualification, or commitment to lend. Estimates use the applicable county average property tax rate of 1.25% of home price annually. Actual rates, payments, taxes, and insurance vary by lender and borrower qualifications. Contact Timothy for a referral to one of our preferred lending partners.
There are 89 active listings in Monterey (20 are 2-bedroom). At $869,000 this is positioned against the city average of $1,537,342. Similar homes have sold at 99.3% of asking.
2-bedroom homes in Monterey (93940) are currently averaging $833 per square foot. Market activity shows homes spending an average of 35 days on market in this area.
642 Cypress ST in Monterey is currently listed at $869,000. This 2-bedroom, 1-bathroom single-family home is located in the NewMonterey area.
The data relating to real estate for sale on this display comes in part from the Internet Data Exchange program of the MLSListings™ MLS system. Real estate listings held by brokerage firms other than Aegis Luxury Real Estate are marked with the Internet Data Exchange icon (a stylized house) and detailed information about them includes the names of the listing brokers and listing agents.
Based on information from the MLSListings MLS as of Aug 3, 2026 5:30 PM PT. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
These statistics are generated using information from the MLSListings Inc. multiple listing service, but have not been verified and are not guaranteed. MLSListings Inc. disclaims any responsibility for the accuracy and reliability of these statistics. This information should not be relied upon for real estate transaction decisions.
Data updated every 15 minutes. Visit www.MLSListings.com for more information.
Information provided is for general informational purposes only. Equal Housing Opportunity. If you are currently working with a real estate agent, this is not intended as a solicitation.
Timothy Alston, Broker, DRE# 01328224, Aegis Luxury Real Estate, 10080 N. Wolfe Rd Ste SW3-200, Cupertino CA 95014. (408) 207-4593.
Last updated: Aug 3, 2026 5:30 PM PT | Source: MLSListings Inc.
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