New Monterey Homes under $1.5 million

Welcome to New Monterey, a charming coastal neighborhood nestled in the picturesque city of Monterey, California. Known for its stunning views of the Pacific Ocean and a vibrant community atmosphere, New Monterey offers a unique blend of coastal living, rich history, and modern convenience.

As you stroll through the tree-lined streets, you'll discover a delightful mix of architectural styles, from quaint beach cottages to more contemporary homes. The neighborhood is characterized by its close-knit community, where neighbors greet each other with warm smiles and local events foster a sense of belonging. New Monterey is not just a place to live; it’s a lifestyle that embraces the beauty of nature and the warmth of community.

For those seeking a home in this idyllic neighborhood, you’ll be pleased to know that there are excellent options available under $1.5 million. These homes offer a perfect opportunity to invest in a slice of paradise without breaking the bank. With a variety of properties to choose from, including charming single-family homes and cozy townhouses, buyers can find the perfect fit for their lifestyle and budget.

New Monterey is also conveniently located near a wealth of amenities, including local shops, restaurants, and the stunning coastline. Outdoor enthusiasts will appreciate the nearby parks and recreational opportunities, while families will love the proximity to top-rated schools. With its enchanting scenery, welcoming community, and diverse housing options, New Monterey truly embodies the best of California coastal living. Come explore this hidden gem and discover your dream home today!

Newest New Monterey Homes under $1.5 million

$1,499,000

5 Beds ⋅ 3 Baths ⋅ ML82064815 MLS

New Monterey Triplex with ocean views. Great opportunity to owner-occupy a unit with rent to offset the ownership costs. The property has two structures: the front unit is a 708 sq. ft. free-standing two-bedroom/one-bathroom with a private wraparound deck facing the ocean. The rear building is a duplex with a one-bedroom /one-bathroom 544 sq. ft. apartment and a 674 sq. ft. two-bedroom / one-bathroom apartment. The property owner has performed extensive repairs and upgrades to the property, including: electric panel replacement, copper water lines, vinyl windows, Hunter Douglas window blinds, leaf gutters, Units B & C remodeled, sewer line replacement, and a pest fumigation using orange oil. Unit A will be vacating in November 2026. The location is very close to the ocean, downtown PG, Cannery Row, upper PG shopping with Trader Joe's, banks, restaurants, and it is also close to the Montage main hospital campus. Easy access to Highway 68 & 1. The property has three carports, one garage, and an onsite laundry facility.

851 Lyndon ST, Monterey

Listed by Hap Albers, 831-372-1922 from Albers Real Estate Investment Company
(If provided) CoList: from

$1,499,000

5 Beds ⋅ ML82064764 MLS

851 Lyndon ST, Monterey

Listed by Hap Albers, 408-893-6002 from Albers Real Estate Investment Company
(If provided) CoList: from

$1,100,000

2 Beds ⋅ 1 Baths ⋅ ML82062927 MLS

Experience the ultimate Monterey lifestyle at 685 Pine Street, Monterey. This charming 2 bedroom, 1 bathroom home captures the essence of coastal living with stunning ocean views of the Monterey Bay. Flooded with natural light, the inviting living spaces provide the perfect backdrop for watching the sparkling city lights. Close to Cannery row, the world famous Monterey Bay Aquarium and the vibrant dining and shopping of downtown Monterey. This rare gem offers an unbeatable combination of panoramic views and walkability.

685 Pine ST, Monterey

Listed by Charles Coleman, 831-236-8000 from Monterey Peninsula Properties
(If provided) CoList: Lori Clark from Monterey Peninsula Properties

$1,249,000

3 Beds ⋅ 2 Baths ⋅ ML82062198 MLS

Monterey living at its best! This beautiful SINGLE STORY, 3-bedroom, 2-bath home offers 1,444 sq ft of inviting living space in a desirable Monterey neighborhood. Step inside to a bright and spacious living room accented by hardwood floors and crown molding, along with generously sized bedrooms and an updated kitchen featuring newer stainless steel appliances, new flooring, and on-demand hot water. The improvements continue throughout the property with a new roof, dual-pane windows, fresh exterior paint, and convenient direct access from the garage. Outside, both the front and backyard have been beautifully enhanced with manicured landscaping, new brick patios, and a fully fenced yard. Whether you enjoy gardening, entertaining, have four-legged family members, or simply want a private place to unwind, there is plenty of outdoor space to make your own. And then theres the location! Pacific Grove, Cannery Row, San Carlos Beach, restaurants, shopping, and many of the Monterey Peninsulas favorite destinations are all just minutes away. With so many updates already completed, all thats left to do is move in and start enjoying the Monterey lifestyle.

680 Parcel ST, Monterey

Listed by Sergio Silva, 831-320-2043 from The Silva Agency
(If provided) CoList: from

$1,089,000

2 Beds ⋅ 3 Baths ⋅ ML82060306 MLS

Spectacular Monterey Bay and city-light views define this architectural townhouse designed by Paul Davis. Ideally situated above historic Cannery Row, the light-filled living oasis boasts vaulted ceilings, a cozy fireplace, tile flooring throughout, and a convenient main-floor powder room. Enjoy seamless coastal living with three distinct outdoor decks, plus a well-appointed kitchen featuring a breakfast bar, ample storage, and sweeping bay vistas. Downstairs, the expansive primary suite serves as a private retreat, complete with its own fireplace, and direct access to the rear patio. An en-suite also gives this home another layer of versatility that few can match. A full two-car garage completes this central peninsula gem.

664 Terry ST, Monterey

Listed by Michael Kelly, 831-236-1800 from Kelly Realty
(If provided) CoList: from

$1,350,000

3 Beds ⋅ 2 Baths ⋅ ML82056959 MLS

Charming Monterey home ideally located near the heart of it all! This 3-bedroom, 2-bath Craftsman blends timeless character with thoughtful updates and an incredibly convenient location. Just minutes from the Monterey Bay Aquarium, Cannery Row, Fishermans Wharf, downtown Monterey, restaurants, shops, and the beautiful coastline, this home offers the best of Peninsula living. Inside, youll find hardwood flooring throughout, abundant natural light, and a welcoming living room with large windows and a gas fireplace. The updated kitchen features hardwood cabinetry, quartz countertops, stainless steel appliances, and porcelain tile flooring, with an adjoining dining area accented by beautiful wallpaper and a built-in buffet/desk that adds warmth and character. Additional improvements include a newer shingle roof, interior and exterior paint, water heater, washer and dryer, updated main bathroom, concrete driveway, refreshed landscaping, and automatic exterior lighting. Fenced front and back yards offer inviting outdoor spaces surrounded by mature fruit trees, roses, and established landscaping. Full of charm, thoughtfully updated, and situated in a highly desirable Monterey location, 759 Fillmore Street offers a wonderful opportunity to enjoy the quintessential Monterey lifestyle.

759 Filmore ST, Monterey

Listed by Melanie Noto, 831-277-1132 from Real Brokerage Technologies
(If provided) CoList: from

$998,000

2 Beds ⋅ 2 Baths ⋅ ML82059737 MLS

A unique opportunity in the heart of Monterey, this charming property features two detached residences on one lot, each offering its own full bathroom, full kitchen, and laundry. Set toward the rear of the property, the main residence offers approximately 607 sqft., while the updated front residence provides approximately 482 sqft. Enjoy the courtyard, peeks of the ocean and the convenient location, just minutes to Cannery Row and downtown Monterey. Dining, shopping, recreation, and the waterfront all nearby. Ideal for those seeking a primary residence with separate guest accommodations, multi-generational living, or potential rental income, this property offers exceptional flexibility in a desirable Monterey location

247 Belden ST, Monterey

Listed by Renee Catania, 831-293-3668 from Sotheby's International Realty
(If provided) CoList: from

$1,050,000

4 Beds ⋅ 3 Baths ⋅ ML82059712 MLS

This four-bedroom, two-bath New Monterey home offers a generous lot, filtered bay views, and room to reimagine. The existing floor plan and detached two-car garage provide a solid starting point for thoughtful updating or a more extensive remodel. Just minutes from Cannery Row, the Aquarium, shopping, restaurants, and coastal attractions, the setting is hard to beat. Long held and cared for over the years, this property is ready for its next chapter.

835 Pine ST, Monterey

Listed by Arleen Hardenstein, 831-915-8989 from Sotheby's International Realty
(If provided) CoList: Alecia Hull from Sotheby's International Realty

$849,000

2 Beds ⋅ 1 Baths ⋅ ML82059690 MLS

Tucked directly across from Cypress Street Park in the heart of New Monterey, this charming cottage offers the rare combination of character, comfort, and coastal convenience. With two bedrooms and one bath, hardwood floors, fresh paint, updated plumbing and appliances, and a layout that feels wonderfully uncomplicated, its the kind of home that invites you to slow down and stay awhile. And then theres the location. Step outside and the park is right across the street. Wander a few blocks farther and youre strolling along the Monterey Bay, with Cannery Row, the Aquarium, and Pacific Grove all within easy reach. Here, the best of Monterey isnt something you drive toits something you walk to. The important work has already been done: a new roof, updated electrical panel, and completed sewer lateral provide a solid foundation for the next chapter. A private carport, accessed from Lily Street via a shared driveway, adds another layer of everyday convenience. Whether imagined as a full-time home, a weekend retreat, or a place to create something uniquely your own, this is an opportunity to own a piece of New Monterey in one of its most beloved neighborhoods. A cottage. A park across the street. The Monterey Bay just beyond.

642 Cypress ST, Monterey

Listed by Denise Miotke, 425-443-7499 from Sotheby's International Realty
(If provided) CoList: from

$1,200,000

3 Beds ⋅ 3 Baths ⋅ ML82058163 MLS

Enjoy the best of Monterey living in this 3 bedroom, 2.5 bath home ideally located just up the hill from Cannery Row, the Monterey Bay Aquarium, shopping, dining, and the waterfront. Bay views from the upstairs living room and primary bedroom provide a beautiful backdrop, while the lower level adds valuable additional living space. Fresh interior and exterior paint, new carpet in the upstairs bedrooms, and new flooring in the upstairs living room give the home a refreshed feel. Downstairs, a separate living/family room, bedroom, and full bath, along with two separate entrances, create an ideal setup for guests, extended family, a home office, or potential separate rental space. The upstairs also offers two convenient entrances, one at the front of the home and another at the rear near the detached garage, providing easy access from multiple areas of the property. Outside, a large backyard deck provides plenty of space for relaxing, entertaining, or enjoying the Monterey climate, while a separate detached garage offers additional parking and storage. With versatile living areas, bay views, multiple points of access, and a location close to some of Monterey's most iconic attractions, this home offers a unique opportunity to enjoy everything the Monterey Peninsula has to offer.

819 Newton ST, Monterey

Listed by Ryan Nunnally, 408-568-4552 from KW Bay Area Estates
(If provided) CoList: from

$700,000

2 Beds ⋅ 2 Baths ⋅ ML82029838 MLS

New price adjustment. Enjoy comfortable coastal living in this beautifully maintained 1,247 sq. ft. condo featuring two bedrooms and two full bathrooms, all conveniently located on the ground floor with amazing views of the bay and city lights, enjoyed from a covered patio, perfect for relaxing and entertaining. The inviting living room is warmed by a gas fireplace, while the open-concept kitchen provides a functional and welcoming space. Enjoy meals in the cozy dining area or at the breakfast bar. This home is designed for comfort with radiant heating and double pane windows provide energy efficiency, while a security gate adds an extra layer of safety. Both bathrooms have been remodeled with granite countertops and tile flooring. The primary suite includes a walk-in closet and a private enclosed patio off the primary bathroom. Additional highlights include, a gas water heater installed in 2024, ELEVATORS with access to the underground garage with TWO ASSIGNED PARKING SPACES, plus a separate storage unit. These units don't come on the market often. Ideally located just minutes from the Monterey Wharf, Cannery Row, The Aquarium, shopping and dining. This condo offers the perfect blend of convenience, comfort, and classic Monterey charm in the sunbelt.

585 Hawthorne ST 103, Monterey

Listed by Joyce Fletcher, 831-402-1203 from Berkshire Hathaway HS Real Time Realty
(If provided) CoList: from

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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.