$1,215,015Average Value$253Average Price per Sq Ft1Home For Sale
Living above Cannery Row
Despite its name, the coastal neighborhood of New Monterey has plenty of history. Located on a hill above Monterey Bay and the waves of the Pacific Ocean, the neighborhood includes Cannery Row, a district made famous in 1945 by John Steinbeck. Once a row of sardine canning factories thriving in the 1940s, Cannery Row has since transformed into a lively street of boutique shopping and upscale restaurants. “You get to be very popular with your family when you live in New Monterey,” says Dean Province of Sotheby’s International Realty, who has nearly four decades of experience in the area. “All of a sudden, relatives you didn’t even know you had will call you up to plan a visit.” While shopping and dining are the area’s main draws, fishing and relaxing on the beach are as popular now as they were back in Steinbeck’s era. Locals and visitors alike visit the John Steinbeck and Cannery Row monuments, paying homage to the past.
Old Fisherman's Wharf in New Monterey is a great spot to see the water.
New Monterey has beautiful views of the water.
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Shopping Cannery Row and dining at the Sardine Factory
Cannery Row overlooks the waterfront from New Monterey’s northeast end. High-end art galleries, jewelry and clothing stores do business in this vibrant waterfront area. Diners check out The Sardine Factory, one of the most renowned restaurants in the country, which has served fresh seafood since 1968. Housed in a refurbished building that used to be a mess hall for sardine canners, the restaurant won Wine Spectator’s “Award of Excellence” in 2023. Chart House has white tablecloths and floor to ceiling windows with views of the Pacific and an extensive steak and seafood menu. Wave Street Café has an outdoor patio with umbrella-covered tables. Diners can enjoy the Mediterranean architecture while dining on breakfast and lunch favorites. Trader Joe’s and Safeway both have locations in the neighborhood for convenient grocery shopping.
Italian Deli offers delicious sandwiches and lunch meat in the New Monterey area.
Chart House offers a wide variety of food in their menu.
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Relaxing at San Carlos Beach
Residents can bring a picnic and sit on the sand at San Carlos Beach, looking out at Monterey Harbor. McAbee Beach, in the shadows of New Monterey’s restaurants, is a popular spot for kayakers and scuba divers to launch into the harbor. The Monterey Bay Aquarium has been popular since its opening in 1984; it has an open sea exhibit featuring tuna, sea turtles and puffins, and other exhibits highlighting sharks, penguins and a giant octopus. For more wildlife viewing, the Harbor Seal Observation Area is a fun spot to check out the local seals lying on the beaches and rocks around the bay. Away from the water, Oak Newton Park has playground for kids, a dog park and green space for picnics.
San Carlos Beach offers white sands and rich history.
Discover tranquility at Oak Newton Park in Monterey.
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California bungalows in the hills
Pricing in New Monterey depends on location more than the size or age of the home. “You want to be on the upside of a hill because those homes will have a view of the ocean from the living spaces,” says Gianna Malfitano of Compass Realty, who has five years of experience in Monterey. Updated ranch-style houses and California bungalows, depending on views, cost between $875,000 and $1.5 million. Larger, two-story houses with back porches and ocean views cost between $1.4 million and $1.9 million, while renovation-ready ranch-style houses cost between $770,000 and $870,000. “A first-time buyer can still get an original 1950s house for a decent price and put some sweat equity into it,” says Province. The prices are more affordable than much of the peninsula. Homes near Cannery Row will deal with noise from the traffic, but houses further inland sit on quiet residential streets shaded by mature trees with private driveways and garages for parking. Waterfront condos and townhouses near Cannery Row sell for $1.9 million to $2.7 million.
Single-family homes are cozy in Monterey, California.
There are a lot of single story homes built in the New Monterey area.
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Monterey High has an A grade
Kids in the area head to Monte Vista Elementary School, which holds a B-plus Niche rating. The K-8 school is part of the Monterey Peninsula Unified School District. Teens attend Monterey High School, which holds an A rating. The school was founded in 1905 and named a Niche Standout California High School in 2023. Students can enroll in the Academy of Oceanographic Science, which prepares them for a degree at a four-year university. The school also has an Art, Media and Performance Academy.
Excelling at Monterey High School, where learning transforms into achievement.
Dedicated teachers at Monte Vista Middle School enhance education in Monterey Vista.
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Route 101 to San Jose
New Monterey is just 5 miles from the Monterey Regional Airport, which has daily flights to several locations across the U.S. Route 101 takes locals 70 miles up the road to San Jose, while the Monterey-Salinas Transit buses provide local transportation.
There are a lot of bus stops in the New Monterey area.
GreatSchools:
The GreatSchools Rating helps parents compare schools within a state based on a variety of school quality indicators and provides a helpful picture of how effectively each school serves all of its students. Ratings are on a scale of 1 (below average) to 10 (above average) and can include test scores, college readiness, academic progress, advanced courses, equity, discipline and attendance data. We also advise parents to visit schools, consider other information on school performance and programs, and consider family needs as part of the school selection process.
View GreatSchools Rating Methodology
Interested in learning more about homes in this area?
Reach out to
Regina Shaw,
an experienced agent in this neighborhood.
Parks in this Area
Sister City Park
Arnett Park
Lower Presidio Historic Park
Monterey Scholze Park Center
Hoffman Park
Oak Newton Park
Transit
Airport
Monterey Regional
11 min drive
Bus
David & Lily
Bus
David & Hawthorne
Bus
David & Devisadero
Bus
David & Lobos
Bus
Monterey Amtrak
Bus
Lighthouse & Drake
Bus
Lighthouse & Irving
New Monterey Demographics and Home Trends
On average, homes in New Monterey, Monterey sell after 50 days on the market compared to the national average of 70 days. The median sale price for homes in New Monterey, Monterey over the last 12 months is $585,000, down 23% from the median home sale price over the previous 12 months.
Spacious gem in heart of New Monterey...Bay views!...City light views!...Santa Cruz Mountain views!...Orange glow skies at sunset!...Lots of light throughout...Centrally located to Cannery Row, Pacific Grove, Pebble Beach...Reverse flr pln w/bamboo flrs...Vaulted ceilings...Huge atrium windows...Fantastic, modern updates throughout, especially in kitchen with high-end Miele appliances...huge
Charming single-story home featuring 3 bedrooms, 2 bathrooms, and a spacious 2-car garage, nestled in a peaceful neighborhood. Perfectly situated on the beautiful Monterey Peninsula, this home offers endless opportunities for adventure. Explore renowned attractions like the famous Monterey Bay Aquarium, Fisherman's Wharf, scenic hiking trails, local museums, and pristine beaches. Or simply relax
Welcome to this charming home located in the vibrant city of Monterey. This property offers a cozy living space with 595 square feet and includes two bedrooms and one full bathroom, perfect for a small family or those looking to downsize. The kitchen features a modern design situated adjacent to the dining area in the living room, making it ideal for meal preparation and entertaining. Enjoy the
Attention Investors, 1031 Exchanger's and Second home buyers! A rare opportunity awaits with close proximity to Monterey's Cannery Row and views of the Monterey Bay. Featuring 3 units within two separate homes on a single lot, the possibilities are endless. The first home is a 1 bedroom 1 bath single story Cottage while the main home consist of a newly remodeled 2 bedroom 1.5 baths with the
Chuck RobinsonChristie's International Real Estate Sereno
Step into supreme luxury just one block behind fabled Cannery Row on the Monterey Peninsula. This state-of-the-art radiates contemporary chic, sporting lustrous, high-end finishes throughout two upstairs bedrooms, a spa-like primary bathroom, and a bright, open kitchen that flows directly into a living and dining area. Unit 1 truly offers the best of the best: Laminam Statuario Altissimo
This is a great three Bedroom, Two bathroom house in the New Monterey. near the DLI and walking distance to Cannery Row. Ocean views from front bedroom. Many new upgrades including new bathroom, new flooring, new paint, new dishwasher, double oven, electric range, garbage disposal, laundry room with additional wash basin, large bedrooms, large bath, car garage, and much more. Shared driveway with
Lovely 3BR/1.5BA two story duplex @637 Spencer in Monterey. One car attached garage with hookups for washer/dryer. $2850/month; $2850 S. D. Rent includes Water and Sewer. Upstairs master bedroom and bedroom two have partial ocean views through the trees. Unit is at the rear of a well maintained duplex on a quiet Monterey Street. Walk to beach, shops and Aquarium. PLEASE DO NOT DISTURB TENANT
Enjoy a Staycation Every Day..at HOME! Charming 312 sf. Fully Furnished and Renovated STUDIO w/Separate Entrance. Ocean Views from its Fountain Patio w/built-in seating. Located 5 blocks from Cannery Row w/quick hop onto picturesque Coastal Bike Path, or walk to Beach, Downtown, and Fisherman's Wharf. On Street Parking only. Includes Hardwired Alarm, Exterior Motion Entry Light and Security
Interested in learning more about homes in this area?
Reach out to
Regina Shaw,
an experienced agent in this neighborhood.
Average Home Value
Source: Public Records
Property Mix - Square Feet
This Neighborhood Has More Renters
Demographics
Total Population
5,601
Median Age
43
Population Density
13 ppl/acre
Population under 18
17%
Below the national average
23.8%
Population over 65
22.1%
On par with the national average
19.1%
Finances
Median Household Income
$75,634
Above the national average
$71,702
Average Household Income
$92,355
Education and Workforce
High School Graduates
93.9%
College Graduates
51.2%
Above the national average
34.1%
Advanced Degrees
20%
Above the national average
13.3%
% Population in Labor Force
66.1%
Weather
Annual Precipitation
20''
Average Winter Low Temperature
44°F
Average Summer High Temperature
68°F
Annual Snowfall
0''
Area Factors
Bikeable
Bike Score®
64/ 100
Very Walkable
Walk Score®
81/ 100
Some Transit
Transit Score®
37/ 100
Source: Walk Score
Source: Walk Score
Sound Score® measures the noise level of any address. Transit Score® measures access to public transit. Bike Score® measures the bikeability of any address.
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. Our sources include: Accuweather, Public Records and Neustar. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
