Cannery Row/Lighthouse Business District Homes under $1.5 million

Welcome to Cannery Row and the Lighthouse Business District, two of Monterey's most iconic neighborhoods, where coastal charm meets vibrant community life. Nestled along the stunning California coastline, this area is rich in history and brimming with attractions. Once the heart of the sardine canning industry, Cannery Row has transformed into a bustling hub filled with boutique shops, delightful restaurants, and captivating art galleries. The picturesque waterfront offers breathtaking views of the Pacific Ocean, making it a perfect backdrop for leisurely strolls or sunset picnics.

The Lighthouse Business District complements this vibrant atmosphere with its unique blend of local businesses and maritime heritage. Here, you’ll find the historic Point Pinos Lighthouse, which adds a touch of nostalgia to the area. Residents and visitors alike enjoy easy access to outdoor activities, including kayaking, whale watching, and exploring nearby parks like the scenic Lovers Point.

For those seeking a home in this enchanting locale, you're in luck! The Cannery Row and Lighthouse Business District neighborhoods offer a variety of charming homes priced under $1.5 million. Whether you’re looking for a cozy cottage or a modern condo with ocean views, this area has something to suit every taste and lifestyle. Living here means embracing a lifestyle filled with coastal beauty, cultural richness, and a tight-knit community feel.

Discover the magic of Cannery Row and the Lighthouse Business District—your dream home awaits in this stunning corner of Monterey!

Newest Cannery Row/Lighthouse Business District Homes under $1.5 million

$1,100,000

3 Beds ⋅ 2 Baths ⋅ ML82059377 MLS

271 Foam Street presents an exceptional opportunity just one block from San Carlos Beach and the Monterey Bay Coastal Recreation Trail. Built in 1920, this three-bedroom, two-bath residence offers outstanding potential for renovation, redevelopment, or personalization of the home. The property's unique zoning provides opportunities for residential, commercial, mixed-use, or multifamily redevelopment in the heart of Cannery Row.

271 Foam ST, Monterey

Listed by Bri Coulter, 831-206-7479 from Sotheby's International Realty
(If provided) CoList: from

$948,500

2 Beds ⋅ 2 Baths ⋅ ML82052669 MLS

Just blocks from Monterey Bay, 399 Hoffman Avenue offers the opportunity to own a classic New Monterey cottage in one of the Peninsula's most sought-after neighborhoods. Enjoy easy access to the Recreation Trail, Cannery Row, the Monterey Bay Aquarium, beaches, waterfront dining, boutique shopping, and all the attractions that define Monterey's coastal lifestyle. Filled with natural light, this charming 2-bedroom, 1-bath home features bamboo flooring, a dedicated laundry room, and a newer forced-air furnace. The versatile lower level includes a half bath and multiple bonus rooms ideal for a home office, fitness room, art studio, guest space, workshop, or additional storage. An attached single-car garage adds everyday convenience. Rich in character and ready for its next chapter, this home offers the opportunity to update and personalize while building equity in an exceptional location. Whether you're looking for a primary residence, weekend retreat, or long-term investment, 399 Hoffman Avenue combines charm, flexibility, and an unbeatable New Monterey location.

399 Hoffman AVE, Monterey

Listed by Dave Lucas, 831-884-3521 from Coldwell Banker Realty
(If provided) CoList: from

$950,000

3 Beds ⋅ 2 Baths ⋅ ML82035208 MLS

BACK ON THE MARKET DUE TO NO FAULT OF THE PROPERTY & REDUCED FOR A QUICK SALE! 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.

529 Wave ST, Monterey

Listed by Tene Shake, 831-224-4874 from Real Brokerage Technologies
(If provided) CoList: from

$1,500,000

3 Beds ⋅ ML82032663 MLS

Rare opportunity to own a 4-unit mixed-use commercial and residential property in the heart of Monterey, just blocks from the Monterey Bay Aquarium, Cannery Row, and the waterfront. Two street-facing commercial units front busy Lighthouse Avenue, offering excellent visibility and foot traffic. The property also includes two residential units: a 2BD/1BA apartment above the commercial spaces with deck and off-street parking, and a detached 1BD/1BA apartment at the rear of the lot. Ideal for investors or owner-users seeking diversified income in a premier Monterey location.

883 Lighthouse AVE, Monterey

Listed by Monterey Peninsula Home Team, 831-594-3290 from KW Coastal Estates
(If provided) CoList: Debra Buonaguidi from Monterey Real Estate Firm

Start Your Search

The data relating to real estate for sale on this display comes in part from the Internet Data Exchange program of the MLSListingsTM MLS system. Real estate listings held by brokerage firms other than Compass are marked with the Internet Data Exchange and detailed information about them includes the names of the listing brokers and listing agents.
Based on information from MLSListings MLS as of . 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.