541 & 539 W Franklin St, Monterey, CA 93940 - Photo 1

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$1,745,000 -$50,000 (-2.79%) Price Reduced

For Sale
Active
Single Family
3 Beds
2 Full Baths
1 Partial Bath
1,744 Sq. Ft.
1 Car Garage
Updated 2 days ago

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Property Description

FIRST TIME ON THE MARKET IN 26 YEARS... In Old Town Monterey, two homes thoughtfully sited as neighboring residences on a large 9,035sf lot with separate gas/electric meters and yards too. Together they offer great potential whether an investment property or owner-occupied with a guesthouse or rental. A pre-1926 historic English Tudor Revival, 541 is two stories with a striking wood cathedral ceiling great room that curves above the dining area, with fireplace and classic plaster walls, 1,181sf, 2 Beds, 1.5 Baths, back yard and garage. Built in 1950, 539 has a character of its own, vaulted wood living/dining room, a cozy 563sf 1 Bed, 1 Bath and front patio. A block up from Monterey's historic downtown, walking distance to restaurants and shops, Monterey Bay, Fisherman's Wharf, and all the City of Monterey has to offer.

Full Property Details

Full Property Details for 541 & 539 W Franklin St

General

Price: $1,745,000
Status: Active
Type: Single Family
Source: RE_Infolink
MLS ID: ML82024051
Updated: 1/15/2026
Added to Site: 102 day(s) ago

Interior

Fireplace(s): Living Room, Wood-Burning

Rooms

Bathrooms

Total Bathrooms: 3
Full Bathrooms: 2
Half Bathrooms: 1

Bedrooms

Total Bedrooms: 3

Other Rooms

Family Room: No Family Room
Laundry: In Garage, Inside

Additional Information

Extras: Not Applicable

Parking

Garage Spaces: 1
Parking Features: Attached Garage, Off-Street Parking, On Street

Location

Area: Old Town Monterey
County: Monterey
Cross Streets: Van Buren Street

Heating & Cooling

Cooling Type: None
Heating Type: Floor Furnace , Gas, Wall Furnace

Utilities

Sewer: Sewer Connected
Water: Public
Utility Description: Individual Electric Meters, Individual Gas Meters, Public Utilities

Structural Information

Construction: Detached
Foundation: Crawlspace
Roof: Composition
Square Feet: 1,744
Year Built: 1932

Lot Features

Lot Size (Acres): 0.2074
Minimum Lot Size: 9035
Lot Size (Sq. Ft.): 9,035
Zoning: R 3-6

Listed by Carmel Realty Company, Williams & Tollner

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— 541 & 539 W Franklin St —

Williams & Tollner

Carmel Realty Company

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Schools

Schools serving 541 & 539 W Franklin St

School District:Monterey Peninsula Unified School District

Name	Grades	Distance
Monte Vista 251 Soledad Drive, Monterey, CA 93940	K-5	0.9 mi
Monterey High School 101 Herrmann Drive, Monterey, CA 93940	9-12	0.4 mi

Disclaimer: School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 541 & 539 W Franklin St Get Price Alerts and Save Property

Date

Details

Price

Change

Source

1/15/2026

Price Reduced

$1,745,000

-2.79%

MLS

10/07/2025

Listed

$1,795,000

—

MLS

Get Price Alerts and Save Property

Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

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541 & 539 W Franklin St, Monterey, CA 93940 (MLS# ML82024051) is a Single Family property with 3 bedrooms, 2 full bathrooms and 1 partial bathroom. 541 & 539 W Franklin St is currently listed for $1,745,000 and was received on October 07, 2025. Want to learn more about 541 & 539 W Franklin St? Do you have questions about finding other Single Family real estate for sale in Monterey? You can browse all Monterey real estate or contact a Coldwell Banker agent to request more information.

541 & 539 W Franklin St Monterey, CA 93940