940 Drake Ave, Monterey, CA 93940
Property image
Property image
OFF MARKET

940 Drake Ave
Monterey, CA 93940

New Monterey
  • 3 Beds
  • 2 Baths
  • 1,154 sqft

$1,016,200

Trulia Estimate
as of Aug 14, 2026
Est. Refi. Payment $6,124/mo*
Refinance Your Home

$1,016,200

Trulia Estimate
as of Aug 14, 2026
Est. Refi. Payment $6,124/mo*
Refinance Your Home
3 Beds
2 Baths
1,154 sqft

Home Value

Trulia Estimate
$1.02M
Since last month
Decreased$5K (-0.5%)
Since last year
Decreased$96K (-8.7%)
Learn more about this home's value by checking out its Trulia Estimate, the value of nearby homes, and how much similar homes have sold for.

Trulia Estimate

The of this home's value increased by +58% in the last 10 years
MonthEstimated value
2026
August 2026$1.01M
July 2026$1.01M
June 2026$1.01M
May 2026$1.04M
April 2026$1.04M
March 2026$1.04M
February 2026$1.02M
January 2026$985K
2025
2024
2023
2022
2021
2020
2019
2018
2017
2016

Comparable sales

These are recently sold homes that have a similar location or other similar features to this home, like bedrooms, bathrooms, and square footage. Get a sense of the expected prices in the area by viewing these homes.
Address
Distance
Property Type
Sold Price
Sold Date
Bed
Bath
Sqft
1109 McClellan Ave, Monterey, CA
0.14
Single-Family Home
$1,150,000
12/19/25
3
2
1,178
1201 Hoffman Ave, Monterey, CA
0.20
Single-Family Home
$1,020,000
05/08/26
3
2
1,250
662 Oak St, Monterey, CA
0.22
Single-Family Home
$885,000
05/12/26
3
1
1,125
650 Grace St, Monterey, CA
0.33
Single-Family Home
$1,075,000
11/24/25
3
2
1,465
767 Lily St, Monterey, CA
0.34
Single-Family Home
$1,285,000
12/04/25
3
2
1,590
1298 Prescott Ave, Monterey, CA
0.30
Single-Family Home
$805,000
04/17/26
3
1.5
1,498
600 Oak St, Monterey, CA
0.17
Single-Family Home
$1,925,000
08/03/26
4
2
2,516
701 Archer St, Monterey, CA
0.27
Single-Family Home
$1,700,000
08/07/26
3
3
1,897
640 Alice St, Monterey, CA
0.48
Single-Family Home
$1,100,000
07/22/26
3
2
1,294
705 Grace St, Monterey, CA
0.38
Single-Family Home
$1,150,000
03/23/26
3
2
1,354

Nearby home prices

Get a sense of expected prices in the area by checking the value of nearby homes.
Address
Distance
Price
Bed
Bath
Sqft
Status
Oak St, Monterey, CA 93940
0.04
-
-
-
-
Off Market
428 Archer St, Monterey, CA 93940
0.10
$1,340,700
3
2
1,108
Off Market
1103 McClellan Ave, Monterey, CA 93940
0.10
$1,144,200
3
2
1,165
Off Market
620-624 McClellan Ave, Monterey, CA 93940
0.13
$1,685,000
6
5
3,620
Off Market
582 Newton St, Monterey, CA 93940
0.15
$1,191,900
3
2
1,564
Off Market
1109 McClellan Ave, Monterey, CA 93940
0.14
$1,150,000
3
2
1,178
Recently Sold
556 Spencer St, Monterey, CA 93940
0.19
$1,241,300
2
2
933
Off Market
600 Oak St, Monterey, CA 93940
0.17
$1,925,000
4
2
2,516
Recently Sold
398 Belden St, Monterey, CA 93940
0.21
-
-
-
-
Off Market
1113 McClellan Ave, Monterey, CA 93940
0.16
$1,400,000
6
3
2,204
Recently Sold
619 Oak St, Monterey, CA 93940
0.19
$1,393,400
3
2
1,249
Off Market
519 Dickman Ave, Monterey, CA 93940
0.22
$1,262,500
2
2
717
Off Market

Local Information

  • Map ViewExplore the area around 940 Drake Ave.
-- mins to
Commute Destination

Home Highlights

Property Type
Single-Family Home
Year Built
1964
Living Area
1,154 sqft
Price/Sqft
$881
Parking
Garage

About this House

Coming available is a beautiful 3 bedroom 2 bath home in New Monterey. This home is located near Cannery Row, shopping, dining, NPS, DLI and MIIS.

This Home Features:

New Carpet

Fresh Paint

Vaulted Ceilings

Large Deck with Ocean Views

Washer/Dryer

Covered Parking

Large Backyard

Applications available online at ccrentalpro.com

Pet Policy: Case to case basis
Rental Terms: Rent: $3,200 Application Fee: $25, Security Deposit: $3,200

Rental Terms: Rent: $3,200, Application Fee: $25, Security Deposit: $3,200, Available 9/16/20

Pet Policy: Cats allowed, Dogs allowed Contact us to schedule a showing.
940 Drake Ave, Monterey, CA 93940 is a 3 bedroom, 2 bathroom, 1,154 sqft single-family home in New Monterey, built in 1964. More recently, it was listed as a rental in February 2024 with an asking price of $3,400 per month. That rental listing was removed on March 21, 2024. It is currently off market. The Trulia Estimate is $1,016,200, with a rent estimate of $4,682/month.

Home Details for 940 Drake Ave

Interior Features

Heating & Cooling
Heating: WallHeating Fuel: Wall
Levels, Entrance, & Accessibility
Stories: 1
Interior Details
Number of Rooms: 9
Appliances & Utilities
DryerWasher

Property Information

Year Built
Year Built: 1964Year Updated: 1964
Property Type / Style
Property Type: Single Family HomeArchitecture: Other

Exterior Features

Exterior Home Features
Deck
Parking & Garage
GarageParking: Carport, Garage

Community

Units in Building: 1

Lot Information

Lot Area: 6500 sqft

Price and Tax history

DateEventPrice
Mar 21, 2024
Source: Zillow Rentals
ListingRemoved
Mar 7, 2024
Source: Zillow Rentals
PriceChange
$3,800
Price increased by 12%
Feb 12, 2024
Source: Zillow Rentals
Listed For Rent
$3,400
Sep 12, 2020
Source: Agent Provided
ListingRemoved
$3,200
Sep 7, 2020
Source: Agent Provided
Listed For Rent
$3,200

Market trends in Monterey

Last updated July 2026
Buyer'sMarketSeller'sMarket
Avg. sale price
$1.1M
Sale-to-List Price
98.3%
Price per sq ft
$707
Available listings
97
1MoM
Skip to last item
  • Results are loading
Skip to first item

Around this home

Neighborhood Overview

New Monterey
See Local Highlights
Neighborhood stats provided by third party data sources.

What Locals Say about New Monterey

At least 44 Trulia users voted on each feature.

  • 96 % Say there are sidewalks

  • 92 % Say it's walkable to restaurants

  • 89 % Say it's dog friendly

  • 83 % Say there's wildlife

  • 79 % Say people would walk alone at night

  • 74 % Say there's holiday spirit

  • 69 % Say yards are well-kept

  • 67 % Say it's walkable to grocery stores

  • 64 % Say parking is easy

  • 63 % Say car is needed

  • 62 % Say streets are well-lit

  • 55 % Say they plan to stay for at least 5 years

  • 50 % Say neighbors are friendly

  • 44 % Say it's quiet

  • 40 % Say kids play outside

  • 26 % Say there are community events

Sourced by Trulia users. Learn more about our methodology.
  • Chriscolandene
    "Lots goes on near Fishermen’s wharf. Card shows, international festivals, whale week, taste of Monterey, decorations on the wharf and elsewhere."
    0
    Flag
  • Trulia User
    "eveything is special and I love Monterey and we love people so much and the pizza places are great "
    0
    Flag
  • Trulia User
    "Friendly for pet owners Especially dog owners Lots of places to take your pet to walk Beaches dunes forests "
    0
    Flag
  • Trulia User
    "Clean and quiet! Close to shops, and tourist destinations. Right on the sun belt border. Mild weather all year round."
    2
    Flag
  • Trulia User
    "Not a lot of off leash options for dog owners in the area. Closest option is a dog friendly beach that is a drive away."
    0
    Flag
  • Brian Y.
    "Many playgrounds in the area! This would be a great place to raise kids. The sidewalks are well maintained too. "
    0
    Flag
  • Sharon F.
    "Seems like there’s always something going on around here. Me I’m more of an outdoors type I’m just happy kayaking around the bay"
    7
    Flag
  • Sharon F.
    "Traffic can be an absolute nightmare especially during summer tourist season. The blessing is that everything is so super close 90% of my life is within 4 miles and half the time I’m looking at the Monterey Bay it’s all breathtakingly beautiful"
    7
    Flag
  • Pegasuslady4
    "I really like New Monterey,there is plenty to do,the walking p ath provides opportunities for ample exercise. Cars fly down the wider streets especially if there are fewer stop signs "
    1
    Flag
  • Kimosabe W.
    "It is quiet and has beautiful sky views of the sunrise and sunset, beautiful moon rise, views of the bay, occasional rainbow, beautiful mature trees, woodpeckers and blue jays, great access to the coastal trail"
    0
    Flag
  • Jaylyn D.
    "There are no sidewalks , so it’s hard to walk a dog in the neighborhood! There is a chill nearby with a dog friendly portion, good for fetch and play time with other dogs. "
    8
    Flag
  • Curtiswright
    "I’ve lived here for 15 years. Its convenient to all my needs. Shopping, food, entertainment. It’s a family, friendly neighborhood. There’s no where else I’d like to live. It’s the perfect community. "
    0
    Flag
  • clockfan
    "Spectacular scenery. Lots of hiking, biking,surfing is near by. Minutes to Big Sur and Pacific Coast. Moderate weather, not too hot, nor too cold. Wine tasting, Golf, shopping, outdoor activities."
    1
    Flag
  • clockfan
    "The beauty of the area, the ocean, Pebble Beach, Carmel, Big Sur are all here. Many activities here. Weather is never too hot. Lots of golf, hiking, college (CSUMB). Monterey Aquarium. Great foodie town! Lots of great wineries close by. Housing prices can get very expensive, though. Tourism can bring a lot of traffic."
    1
    Flag

LGBTQ Local Legal Protections

Apartments for Rent

Skip to last item
Skip to first item

Explore by feature - Pet Friendly

26 pet-friendly rentals in Monterey, CA

Explore by feature - Garage

22 rentals with a garage in Monterey, CA

Explore by feature - Air Conditioning

14 rentals with air conditioning in Monterey, CA

Explore by feature - Pool

19 rentals with a pool in Monterey, CA

Explore by feature - Washer/dryer

44 rentals with a washer/dryer in Monterey, CA

Homes for sale near 940 Drake Ave

Skip to last item
Skip to first item

Off Market Homes Near 940 Drake Ave

Skip to last item
Skip to first item

Frequently asked questions about 940 Drake Ave

  • What is 940 Drake Ave estimated to be worth?
    Trulia's estimated value for 940 Drake Ave in Monterey, CA is $1,016,200.
  • Is Monterey a buyer's or seller's market?
    Monterey is currently a seller's market, based on recent for-sale activity.
  • What's the median sale price in Monterey?
    The median sale price in Monterey is $1.1M.
  • What do residents say about the New Monterey neighborhood?
    Residents describe the New Monterey neighborhood in Monterey, CA as pedestrian-friendly, walkable to restaurants, and dog-friendly. See recently sold homes in New Monterey, Monterey.
  • Does 940 Drake Ave have laundry facilities?
    Yes, 940 Drake Ave in Monterey, CA has in-unit laundry.
  • How big is the lot at 940 Drake Ave?
    The lot at 940 Drake Ave in Monterey, CA is about 0.15 acres (6,500 sq ft).