318 Clay Street

Off Market

318 Clay Street

Monterey CA 93940

994 sq. ft.

4800.31 sq. ft.

Single-Family

Last sold for $795,000

Fred Meng, last sold this property on 30 July 2026 after 41 days on market.

Overview

Welcome to this charming 2-bedroom, 1-bath bungalow, making its debut on the market for the first time in over 50 years. Perfectly situated on Spaghetti Hill in the heart of Old Town Monterey, this lovingly maintained home captures the timeless charm of coastal living while offering tasteful updates that make it move-in ready. Fresh paint, a new roof, new flooring, and new appliances provide peace of mind while preserving the warmth and character that make this home so special. Natural light fills the inviting living room, creating a warm and welcoming first impression for relaxing or gathering with friends and family. The spacious dining room seamlessly connects to the refreshed kitchen, where modern conveniences complement the home's original charm. Just beyond, a dedicated laundry room with built-in storage offers everyday functionality and direct access to the backyard. Down the hall, you'll find two comfortable bedrooms, each with rare cedar-lined closets to help preserve clothing and treasured keepsakes, along with a well-appointed hall bathroom. Outside, a long driveway leads to a detached one-car garage, while the generous backyard offers both lawn and patio areas providing plenty of room for entertaining, gardening, or future expansion opportunities. Enjoy the best of Monterey's renowned coastal lifestyle with an unbeatable location just minutes from vibrant downtown restaurants and boutiques, Fisherman's Wharf, Cannery Row, Del Monte Shopping Center, Trader Joe's, Whole Foods Market, Larkin Park, and weekly Farmers' Markets. Whether you're exploring the scenic Recreation Trail, watching the sunset along Monterey Bay, or spending the day on one of the area's beautiful beaches, every day feels like a vacation. With convenient access to Highway 1 and Del Monte Avenue, this is coastal California living at its finest.

Features

2 bedrooms

1 bathroom

1 carspace

1 garage space

994 sq. ft. floor area

4800.31 sq. ft. lot size

Single-Family

Estimated Value

Based on this property and similar 2 bedroom single-family properties sold in Monterey over the last 12 months, the estimated median property value of 318 Clay Street is $879.5k.

Median value

$879.5k

Estimated value range

$749k - $1.43m

Median days on market

Estimated value trend

-19%

decrease over the last 12 months

Average days on market is based on recent, comparable sales in Monterey. It is only an indication of the time a property is actively listed and should not be relied upon as an accurate representation of how soon a property will be sold.

Property history for 318 Clay Street

2026

Sold

$795,000

30 Jul 2026 by Fred Meng, of DREIM

Happy sellers in Monterey

87%

87% of sellers in Monterey reported that their sale price either exceeded or met their price expectations.

Monterey stands out for consistently delivering exceptional satisfaction and strong market results for homeowners.

This is based on voluntary sentiment collected from 3 reviews in Monterey over the last 12 months.

Local market activity for 2 bedroom single-family properties in Monterey

In the last 12 months, 24 two-bedroom single-family properties similar to 318 Clay Street, have been sold.

This represents a 25% decrease in two-bedroom single-family properties sales when compared to the previous 12 months.

Sold

For Sale

Interested in selling?

People are reaching out to these agents in Monterey for a market analysis.

Annette Boggs

at Above and Beyond Real Estate

(84 reviews)

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Michael F. Bona

at Bonafide Properties Inc

(3 reviews)

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Amber Russell

at Over The Moon Realty, Inc

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Kevin Vandermate

at Compass

(8 reviews)

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Nearby agents

Compare and contact these top performing agents who’ve delivered exception customer service for their clients in Monterey

Annette Boggs

Sellers who recommend Annette Boggs have praised them for being local expert, responsive, clear communication, reliable, supportive, great negotiation, and detail-oriented