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.
Sold for $792,000
$792,000
518 Cortes St, Monterey, CA 93940
2beds
628sqft
Single Family Residence, Residential
Built in 1930
1,400 Square Feet Lot
$794,900 Zestimate®
$1,261/sqft
$2,715 Estimated rent
Home value
$794,900
$692,000 - $906,000
$2,715/mo
Zestimate® history
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List your homeWhat's special
Peek of the oceanModern finishes throughoutStylish sage cabinetryFresh coastal airQuartz countertopsStainless steel appliancesUpdated lighting
Zillow last checked:
Listing updated:
Listed by:
Michele Whitehead - Samples 01886754 831-234-6715,
eXp Realty of California Inc 888-584-9427
Bought with:
Sharmaine Torrey, 02071666
Monterey Coast Realty
Source: MLSListings Inc,MLS#: ML82029366
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 2
- Bathrooms: 1
- Full bathrooms: 1
Bathroom
- Features: ShoweroverTub1
Dining room
- Features: EatinKitchen
Family room
- Features: NoFamilyRoom
Kitchen
- Features: Countertop_Other
Heating
- Baseboard, Electric
Cooling
- None
Appliances
- Included: Dishwasher, Disposal, Range Hood, Gas Oven/Range, Refrigerator
- Laundry: Gas Dryer Hookup, Inside
Features
- Flooring: Carpet, Vinyl Linoleum
Interior area
- Total structure area: 628
- Total interior livable area: 628 sqft
Property
Parking
- Parking features: On Street
Features
- Stories: 1
- Exterior features: Back Yard, Courtyard, Drought Tolerant Plants
- Fencing: Mixed Height Type,Wood
Lot
- Size: 1,400 sqft
Details
- Parcel number: 001722007000
- Zoning: C-2
- Special conditions: Standard
Construction
Type & style
- Home type: SingleFamily
- Architectural style: Bungalow
- Property subtype: Single Family Residence, Residential
Materials
- Foundation: Raised
- Roof: Composition
Condition
- New construction: No
- Year built: 1930
Utilities & green energy
- Gas: PublicUtilities
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Public Utilities, Water Public
Community & neighborhood
Location
- Region: Monterey
Other
Other facts
- Listing agreement: ExclusiveRightToSell
Price history
| Date | Event | Price |
|---|---|---|
| 3/17/2026 | Sold | $792,000-0.9%$1,261/sqft |
Source:  MLSListings Inc #ML82029366 Report a problem | ||
| 2/12/2026 | Pending sale | $799,000$1,272/sqft |
Source: eXp Realty #ML82029366 Report a problem | ||
| 2/12/2026 | Contingent | $799,000$1,272/sqft |
Source: MLSListings Inc #ML82029366 Report a problem | ||
| 2/3/2026 | Price change | $799,000-4.3%$1,272/sqft |
Source: eXp Realty #ML82029366 Report a problem | ||
| 1/14/2026 | Price change | $835,000-3.9%$1,330/sqft |
Source: MLSListings Inc #ML82029366 Report a problem | ||
| 12/12/2025 | Listed for sale | $869,000-3.3%$1,384/sqft |
Source: MLSListings Inc #ML82029366 Report a problem | ||
| 12/10/2025 | Listing removed | -- |
Source: Owner Report a problem | ||
| 11/24/2025 | Price change | $899,000-5.2%$1,432/sqft |
Source: Owner Report a problem | ||
| 11/9/2025 | Listed for sale | $948,000+47.2%$1,510/sqft |
Source: Owner Report a problem | ||
| 7/30/2021 | Sold | $644,000+3.2%$1,025/sqft |
Source:  MLSListings Inc #ML81850775 Report a problem | ||
| 7/7/2021 | Contingent | $624,000$994/sqft |
Source: MLSListings Inc #ML81850775 Report a problem | ||
| 6/25/2021 | Listed for sale | $624,000+108%$994/sqft |
Source: MLSListings Inc #ML81850775 Report a problem | ||
| 6/4/2021 | Listing removed | -- |
Source: Zillow Rental Network Premium Report a problem | ||
| 5/19/2021 | Price change | $2,300-4.2%$4/sqft |
Source: Zillow Rental Network Premium Report a problem | ||
| 4/30/2021 | Listed for rent | $2,400+17.1%$4/sqft |
Source: Zillow Rental Network Premium Report a problem | ||
| 9/24/2020 | Listing removed | $2,050$3/sqft |
Source: Monterey Bay Property Management Report a problem | ||
| 9/2/2020 | Listed for rent | $2,050$3/sqft |
Source: Monterey Bay Property Management Report a problem | ||
| 3/29/2013 | Sold | $300,000-20.8%$478/sqft |
Source: Public Record Report a problem | ||
| 1/22/2013 | Pending sale | $379,000$604/sqft |
Source: David Lyng & Associates #81216209 Report a problem | ||
| 7/3/2012 | Price change | $379,000-5%$604/sqft |
Source: David Lyng & Associates #81216209 Report a problem | ||
| 5/3/2012 | Listed for sale | $399,000-15.6%$635/sqft |
Source: Coldwell Banker DMR Rancho #81216209 Report a problem | ||
| 12/24/2010 | Listing removed | $472,500$752/sqft |
Source: NRT California #81046607 Report a problem | ||
| 9/25/2010 | Listed for sale | $472,500+11.2%$752/sqft |
Source: NRT California #81046607 Report a problem | ||
| 3/23/2004 | Sold | $425,000+63.5%$677/sqft |
Source: Public Record Report a problem | ||
| 4/18/2000 | Sold | $260,000+87.1%$414/sqft |
Source: Public Record Report a problem | ||
| 9/30/1997 | Sold | $139,000$221/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $7,922 +8.2% | $683,416 +2% |
| 2024 | $7,320 +2.9% | $670,017 +2% |
| 2023 | $7,115 +1.4% | $656,880 +2% |
| 2022 | $7,015 +83.7% | $644,000 +88.7% |
| 2021 | $3,819 +3.9% | $341,286 +1% |
| 2020 | $3,676 -4.6% | $337,788 +2% |
| 2019 | $3,854 +4.1% | $331,166 +2% |
| 2018 | $3,703 +7.9% | $324,674 +2% |
| 2017 | $3,432 +1.8% | $318,308 +2% |
| 2016 | $3,371 +3.2% | $312,068 +1.5% |
| 2015 | $3,267 | $307,382 +2% |
| 2014 | $3,267 | $301,362 +0.5% |
| 2012 | -- | $300,000 -18.9% |
| 2011 | -- | $370,000 -15.3% |
| 2010 | -- | $437,032 |
| 2009 | -- | $437,032 -5% |
| 2008 | -- | $460,033 +2% |
| 2007 | -- | $451,013 +2% |
| 2006 | -- | $442,170 +2% |
| 2005 | -- | $433,500 +54.2% |
| 2004 | -- | $281,064 +1.9% |
| 2003 | -- | $275,913 +2% |
| 2002 | -- | $270,504 +2% |
| 2001 | $2,669 | $265,200 |
Find assessor info on the county website
Neighborhood: Downtown
Nearby schools
GreatSchools rating
- 6/10Monte VistaGrades: K-8Distance: 1.3 mi
- 8/10Monterey High SchoolGrades: 9-12Distance: 0.7 mi
Schools provided by the listing agent
- District: MontereyPeninsulaUnified
Source: MLSListings Inc. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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Estimated market value
$794,900
Get a cash offer in 3 minutes
Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
Estimated market value
$794,900
- California
- Monterey County
- Monterey
- 93940
- Downtown
- 518 Cortes St
Nearby cities
Nearby neighborhoods
Nearby zip codes
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