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Off market
  • $1,618,300

    416 Drake Ave, Monterey, CA 93940

    1beds
    740sqft
    Apartment
    Built in ----
    -- sqft lot
    $1,618,300 Zestimate®
    $2,187/sqft
    $2,624 Estimated rent

    Home value

    $1,618,300

    $1.38M - $1.89M

    $2,624/mo

    Zestimate® history
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    $2,624/mo

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    $2,624/mo

    Rent Zestimate®

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    $10,060/mo

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    $10,060/mo

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    What's special

    FIRST - You save with free high speed internet, free gas and electric, free water, free garbage. From your bedroom, kitchen, deck and living room window, you have ocean view looking north to sea. This is a newly remodeled one bedroom unit. The unit is walking distance to Downtown, Cannery Row, shopping and many other parts of the New Monterey area. Biking distance to DLI and Naval Postgraduate School. Laundry room is downstairs from this unit. Within walking distance of CVS, Andronico's, recreation trail and within 10 minutes drive/bike ride or less to NPS and Defense Language Institute. Walk to Cannery Row within 5 min. What are Free Utilities worth to you? Gas, Electric, garbage, water, sewer and internet - you should budget $250-$300 per month in this area. With $2,550 rent and $300 utilities FREE, the effective rent is $2,250 with no need to budget for utilities that are going up every few months. This unit is large enough for 2 to share. Bike to Naval Postgraduate School or DLI. Walk to bars, restaurants, cannery row, shopping and most services and entertainment. This is a very private and quiet one bedroom apartment. Landlord pays water, garbage, electricity, gas and high speed internet. Month to Month rental agreement. Will consider less than 1 year.

    This property is off market, which means it's not currently listed for sale or rent on Zillow. This may be different from what's available on other websites or public sources.

    Zillow last checked: 9 hours ago

    Listing updated: April 23, 2025 at 12:51pm

    Source: Zillow Rentals

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 1
    • Bathrooms: 1
    • Full bathrooms: 1
    Heating
    • Baseboard
    Appliances
    • Laundry: Shared
    Features
    • Furnished: Yes
    Interior area
    • Total interior livable area: 740 sqft

    Property

    Parking
    • Parking features: Off Street
    • Details: Contact manager
    Features
    • Exterior features: Can be unfurnished., Electricity included in rent, Garbage included in rent, Gas included in rent, Heating system: Baseboard, Internet included in rent, Utilities fee required, Water included in rent
    Details
    • Parcel number: 001995013000

    Construction

    Type & style
    • Home type: Apartment
    • Property subtype: Apartment

    Utilities & green energy

    • Utilities for property: Electricity, Garbage, Gas, Internet, Water

    Community & neighborhood

    Location
    • Region: Monterey

    HOA & financial

    Other fees
    • Deposit fee: $1,500

    Other

    Other facts
    • Available date: 04/16/2025

    Price history

    DateEventPrice
    4/26/2025Listing removed$2,550$3/sqft
    Source: Zillow Rentals
    4/16/2025Price change$2,550-13.6%$3/sqft
    Source: Zillow Rentals
    4/14/2025Price change$2,950-9.2%$4/sqft
    Source: Zillow Rentals
    3/28/2025Listed for rent$3,250+62.5%$4/sqft
    Source: Zillow Rentals
    1/19/2024Listing removed--
    Source: Zillow Rentals

    Public tax history

    YearProperty taxesTax assessment
    2025$24,237 +7.5%$1,678,054 +2%
    2024$22,553 +5.5%$1,645,152 +2%
    2023$21,370 +10.7%$1,612,895 +2%

    Find assessor info on the county website

    Neighborhood: New Monterey

    Nearby schools

    GreatSchools rating
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    Sell for more on Zillow
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    $1,618,300
    2% more+ $32,366
    With Zillow Showcase(estimated)
    $1,650,666