Listed 10 days ago · August 21, 2026 | MLS# ML82058303
$971/sqft +25% vs Monterey avg
What this means: Priced above the Monterey per-sqft average. Compare to recent sales below for context.
Est. $15,807/moP&I $12,946 · Tax $2,599 · Insurance $262 · HOA $0Assumes 20% down ($499,000) 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, Monterey County. Convenient access to schools, parks, and Bay Area employment centers.
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4 Bed / 3 Bath / 2,568 sqft on 12,197 sqft Lot
Spec sheet at a glance. See full details below for interior, exterior, and lot features.
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Listed at $2.5M vs City Average $1.5M
$971/sqft compared to Monterey avg $780/sqft (+24.6%).
Best fit forActive BuyersMonterey SearchersMove-Up / Move-In
About This Home
Positioned above Monterey Bay in the desirable Mar Vista neighborhood, 1 Walter Colton Drive pairs expansive coastal views with a beautifully executed, extensive remodel completed in 2026. Thoughtfully reimagined with a fresh, sophisticated aesthetic, the home offers an open, light-filled interior designed to take full advantage of its spectacular setting. Vaulted ceilings, wide-plank wood flooring and a striking fireplace define the main living space, while oversized windows frame sweeping views of Monterey Bay. The adjoining kitchen features generous cabinetry, extensive counter space, and a large center island, creating an inviting setting for everyday living and entertaining. Two primary suites with walk-in closets, one on each level, offer exceptional flexibility. Modern amenities include air conditioning and owned solar, along with RV or boat parking with hookups and additional electrical hookups in the garage. With convenient access to the hospital, downtown Monterey, Carmel, Pebble Beach, and Highway 1, this extensively remodeled residence brings together panoramic views, elevated design, modern comfort, and an exceptionally central Peninsula location.
MLS ID #ML82058303, Bailey Papazian. Listing provided by Compass · MLSListings Inc.
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Property Details
Property Type
Single Family Residence
Year Built
1959
Bedrooms
4
Bathrooms
3 Full
Living Area
2,568 sqft
Lot Size
12,197 sqft
Garage
2 Spaces
Price/sqft
$971
County
Monterey
MLS Number
ML82058303
Status
ActiveUnderContract
Stories
N/A
HOA
None
Interior Features
CentralForcedAir_Gas
Exterior & Lot
Composition Roof2-Car Garage0.28 Acres
Location
This HomeActive ListingNew (3 days or less)Price ReducedOpen HouseSold
1 Walter Colton DR, Monterey, CA 93940 · Monterey County
Market Context
Price Positioning
$Price context: Listed at $971/sqft vs Monterey avg $780/sqft (+24.6% above).
$Sale-to-list: Monterey homes selling at 99.3% of asking.
⏲Velocity: City avg 35 days. This home: 10 days.
🏠Inventory:13 4-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.
1 Walter Colton DR is located in the MarVista area of Monterey, California. This 4-bedroom, 3-bathroom single-family home is listed for $2,495,000. Homes in MarVista average $780 per square foot with an average of 35 days on market, making this one of the most actively watched markets in 93940.
4-Bedroom Homes for Sale in Monterey 93940
Browse 4-bedroom single-family home listings in the MarVista area of Monterey. Properties in 93940 are currently averaging $780 per square foot with 35 days on market.
What to Expect When Buying in MarVista
The MarVista 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 $2,495,000 ($971/sqft). Monterey avg is $780/sqft, placing this +24.6% above. Comparable recent sales help frame the value.
Listed 10 days (as of August 21, 2026). Monterey average is 35 days.
Est. $15,807/mo with 20% down ($499,000) at 6.75%. Includes principal & interest ($12,946), property tax ($2,599), 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 76 active listings in Monterey (13 are 4-bedroom). At $2,495,000 this is positioned against the city average of $1,548,993. Similar homes have sold at 99.3% of asking.
4-bedroom homes in Monterey (93940) are currently averaging $780 per square foot. Market activity shows homes spending an average of 35 days on market in this area.
1 Walter Colton DR in Monterey is currently listed at $2,495,000. This 4-bedroom, 3-bathroom single-family home is located in the MarVista 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 31, 2026 4:30 AM 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 31, 2026 4:30 AM PT | Source: MLSListings Inc.
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1 Walter Colton DR$2,495,0004 bd · 3 ba · 2,568 sqft
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