CANNERY ROW FIXER UP WITH OCEAN VIEWS! Charming Coastal Opportunity. Nestled on a 4,400 sq ft lot in one of the peninsulas most coveted coastal villages, this property presents an exceptional opportunity to acquire a piece of Monterey real estate in a prime location perfect for renovation, redevelopment, or creating your dream home just steps from the water. Built in 1924, this single-family residence combines historical character with outstanding potential. Just steps from the scenic Monterey Bay Coastal Trail, world-class dining, boutique shopping, and the iconic Cannery Row entertainment district. Key Highlights: Desirable New Monterey location with close proximity to coastal amenities, recreation, and cultural attractions. Ideal for those seeking a personal residence, investment property, or renovation project in an enviable Monterey setting. Whether you're drawn to coastal living, historic charm, or investment potential. Brokers and agents cannot guarantee the accuracy of square footage, permits, lot size, or condition. Buyers should verify all information with licensed professionals. Some pictures are digitally altered to reflect virtual staging.
For sale
Price cut: $436.5K (4/27)
$1,050,000
529 Wave St, Monterey, CA 93940
3beds
1,050sqft
Single Family Residence, Residential
Built in 1924
4,400 Square Feet Lot
$981,900 Zestimate®
$1,000/sqft
$-- HOA
What's special
Historical characterSteps from the water
- 117 days |
- 3,294 |
- 80 |
Zillow last checked:
Listing updated:
Listed by:
Tene Shake 02118097 831-224-4874,
Real Brokerage Technologies 619-663-8680
Source: MLSListings Inc,MLS#: ML82035208
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Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 3
- Bathrooms: 2
- Full bathrooms: 1
- 1/2 bathrooms: 1
Bedroom
- Features: GroundFloorBedroom
Dining room
- Features: DiningArea
Family room
- Features: Other
Heating
- Other
Cooling
- None
Features
- Number of fireplaces: 1
- Fireplace features: Wood Burning
Interior area
- Total structure area: 1,050
- Total interior livable area: 1,050 sqft
Property
Features
- Stories: 1
Lot
- Size: 4,400 Square Feet
Details
- Parcel number: 001025005000
- Zoning: C-2
- Special conditions: Standard
Construction
Type & style
- Home type: SingleFamily
- Property subtype: Single Family Residence, Residential
Materials
- Foundation: Other
- Roof: Wood
Condition
- New construction: No
- Year built: 1924
Utilities & green energy
- Gas: Other
- Sewer: Cesspool, Shared Septic, Unknown
- Utilities for property: Other
Community & HOA
Location
- Region: Monterey
Financial & listing details
- Price per square foot: $1,000/sqft
- Tax assessed value: $557,562
- Annual tax amount: $6,576
- Date on market: 3/4/2026
- Listing agreement: ExclusiveRightToSell
Estimated market value
$981,900
$933,000 - $1.03M
$3,762/mo
Price history
| Date | Event | Price |
|---|---|---|
| 4/27/2026 | Price change | $1,050,000-29.4%$1,000/sqft |
Source: | ||
| 3/5/2026 | Listed for sale | $1,486,500+271.6%$1,416/sqft |
Source: | ||
| 5/6/2005 | Sold | $400,000$381/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $6,576 +8.3% | $557,562 +2% |
| 2024 | $6,074 +3.2% | $546,630 +2% |
| 2023 | $5,883 +1.4% | $535,912 +2% |
| 2022 | $5,802 +1.5% | $525,404 +2% |
| 2021 | $5,718 +3.9% | $515,102 +1% |
| 2020 | $5,503 -4.7% | $509,821 +2% |
| 2019 | $5,773 +4.1% | $499,825 +2% |
| 2018 | $5,544 +8% | $490,025 +2% |
| 2017 | $5,135 +1.8% | $480,417 +2% |
| 2016 | $5,044 +3.2% | $470,998 +1.5% |
| 2015 | $4,887 | $463,924 |
Find assessor info on the county website
Monthly payment
Est. payment$--/mo
Payment breakdown
Explore the cost of this home by adjusting the details. Changes won't be saved.All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
See how much you could borrow to make a competitive offer.
Climate risks
Neighborhood: New Monterey
Nearby schools
GreatSchools rating
- 6/10Monte VistaGrades: K-8Distance: 1.6 mi
- 8/10Monterey High SchoolGrades: 9-12Distance: 1.3 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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