338 Watson St
Monterey, CA 93940
Old Town- 5 Beds
- 3.5 Baths
- 1,975 sqft
$1,425,000
Last Sold: Sep 19, 2025
7% below list $1.52M
$722/sqft
Est. Refi. Payment $8,378/mo*
$1,425,000
Last Sold: Sep 19, 2025
7% below list $1.52M
$722/sqft
Est. Refi. Payment $8,378/mo*
5 Beds
3.5 Baths
1,975 sqft
Homes for sale near 338 Watson St
Apartments for Rent
Local Information
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Description
Ocean Views, Vintage Charm & Rental Income in Old Monterey!
Experience the charm of Old Monterey with this rare triplex offering ocean views and strong income potential. Set on a spacious 6,500 sq. ft. street-to-alley lot, the property features a 1,369 sq. ft. main home with 2 bedrooms and 1 bath vacant and ready for your vision. An attached 605 sq. ft. 1-bedroom, 1-bath unit rents for $1,795/month, while a detached 934 sq. ft. 2-bedroom, 2-bath unit with ocean views earns $2,450/month. A 2-car garage and flexible layout add to the appeal, making this an ideal opportunity to live in one unit while generating steady rental income or to create a dream compound. Located near the Wharf, MIIS, downtown Monterey, beaches, and all the natural beauty of the Monterey Peninsula, this is a truly special property with endless possibilities.
Experience the charm of Old Monterey with this rare triplex offering ocean views and strong income potential. Set on a spacious 6,500 sq. ft. street-to-alley lot, the property features a 1,369 sq. ft. main home with 2 bedrooms and 1 bath vacant and ready for your vision. An attached 605 sq. ft. 1-bedroom, 1-bath unit rents for $1,795/month, while a detached 934 sq. ft. 2-bedroom, 2-bath unit with ocean views earns $2,450/month. A 2-car garage and flexible layout add to the appeal, making this an ideal opportunity to live in one unit while generating steady rental income or to create a dream compound. Located near the Wharf, MIIS, downtown Monterey, beaches, and all the natural beauty of the Monterey Peninsula, this is a truly special property with endless possibilities.
This property is off market, which means it's not currently listed for sale or rent on Trulia. This may be different from what's available on other websites or public sources. This description is from December 11, 2025
Home Highlights
Parking
2 Car Garage
Outdoor
No Info
A/C
Heating only
HOA
None
Price/Sqft
$722/sqft
Listed
180+ days ago
Home Details for 338 Watson St
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Interior Details Number of Rooms: 2Types of Rooms: Dining Room, Family Room |
Beds & Baths Number of Bedrooms: 5Number of Bathrooms: 4Number of Bathrooms (full): 3Number of Bathrooms (half): 1 |
Dimensions and Layout Living Area: 1975 Square Feet |
Appliances & Utilities Utilities: Public Utilities, Water Public |
Heating & Cooling Heating: Central Forced AirAir Conditioning: NoneHeating Fuel: Central Forced Air |
Fireplace & Spa Fireplace: Living Room |
Gas & Electric Gas: PublicUtilities |
Levels, Entrance, & Accessibility Stories: 2 |
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Exterior Home Features Roof: OtherFoundation: Concrete Perimeter and Slab |
Parking & Garage Number of Garage Spaces: 2Number of Covered Spaces: 2No CarportHas a GarageHas an Attached GarageParking Spaces: 2Parking: Attached |
Water & Sewer Sewer: Public Sewer |
Farm & Range Not Allowed to Raise Horses |
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Year Built Year Built: 1954 |
Property Type / Style Property Type: ResidentialProperty Subtype: Single Family Residence, Residential |
Building Not a New ConstructionNot Attached Property |
Property Information Parcel Number: 001375036000 |
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Price List Price: $1,525,000Price Per Sqft: $722/sqft |
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MLS Status: Sold |
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Direction & Address City: Monterey |
School Information Elementary School District: MontereyPeninsulaUnifiedHigh School District: MontereyPeninsulaUnifiedWalk Score: 86 |
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Building Area Building Area: 1975 |
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Lot Area: 6507 sqft |
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Special Conditions: Standard |
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Listing Agreement Type: ExclusiveRightToSell |
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Mls Number: ML82018507 |
Last check for updates: about 2 hours ago
Listed by Doug Steiny 00681652, (831) 236-7363
Sotheby’s International Realty, (831) 624-1566
Bought with: Dorothy Coulter 01800430, (408) 712-3314, EXIT Realty Consultants, (408) 778-9990
Source: MLSListings Inc, MLS#ML82018507

Price History for 338 Watson St
| Date | Price | Event | Source |
|---|---|---|---|
| 09/19/2025 | $1,425,000 | Sold | MLSListings Inc #ML82018507 |
| 08/30/2025 | $1,525,000 | Contingent | MLSListings Inc #ML82018507 |
| 08/19/2025 | $1,525,000 | Listed For Sale | MLSListings Inc #ML82018507 |
Property Tax and Assessment
| Year | 2025 |
|---|---|
| Tax | $2,097 |
| Assessment | $135,067 |
Home facts updated by county records
Comparable Sales for 338 Watson St
Address | Distance | Property Type | Sold Price | Sold Date | Bed | Bath | Sqft |
|---|---|---|---|---|---|---|---|
0.22 | Single-Family Home | $1,100,000 | 01/14/26 | 5 | 3 | 2,496 | |
0.18 | Single-Family Home | $1,525,000 | 05/05/26 | 3 | 2.5 | 2,240 | |
0.28 | Single-Family Home | $1,462,500 | 12/22/25 | 3 | 2.5 | 1,867 | |
0.12 | Single-Family Home | $960,000 | 01/22/26 | 5 | 2 | 1,835 | |
0.36 | Single-Family Home | $1,322,500 | 10/15/25 | 4 | 1.5 | 1,655 | |
0.20 | Single-Family Home | $1,048,000 | 02/25/26 | 3 | 2 | 1,532 | |
0.20 | Single-Family Home | $1,400,000 | 04/01/26 | 2 | 2 | 2,517 | |
0.56 | Single-Family Home | $1,400,000 | 08/19/25 | 3 | 2.5 | 1,933 | |
0.30 | Single-Family Home | $650,000 | 10/24/25 | 5 | 3 | 1,249 |
Assigned Schools
These are the assigned schools for 338 Watson St.
What Locals Say about Old Town
At least 20 Trulia users voted on each feature.
87 % Say it's dog friendly
86 % Say car is needed
86 % Say people would walk alone at night
80 % Say there are sidewalks
77 % Say it's walkable to restaurants
71 % Say there's wildlife
71 % Say it's walkable to grocery stores
62 % Say there's holiday spirit
57 % Say yards are well-kept
55 % Say parking is easy
51 % Say neighbors are friendly
50 % Say streets are well-lit
48 % Say it's quiet
45 % Say they plan to stay for at least 5 years
33 % Say kids play outside
30 % Say there are community events
Learn more about our methodology.
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Based on information from the MLSListings MLS as of 2026-05-09 17:31:30 PDT. 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.
Homes for rent near 338 Watson St
Off Market Homes Near 338 Watson St
Explore by feature
338 Watson St, Monterey, CA 93940 is a 5 bedroom, 4 bathroom, 1,975 sqft single-family home built in 1954. 338 Watson St is located in Old Town, Monterey. This property is not currently available for sale. 338 Watson St was last sold on Sep 19, 2025 for $1,425,000 (7% lower than the asking price of $1,525,000). The current Trulia Estimate for 338 Watson St is $1,431,200.

