947 W Franklin Street, Monterey, CA 93940
Single-family home
Sold August 2026
Listing Agent: Shankle RE Team (DRE #70010260) · Listing Office: Sotheby's International Realty · Contact: (831) 624-1566 · Bought with: Yvonne Foletta · eXp Realty of California Inc · MLS #ML82047458 · Source: CRMLS
How this sale compares
947 W Franklin Street sold for $1,200,000 in August 2026, 19% under its $1,490,000 list price, after 67 days on the market. It was first listed at $1,750,000. That works out to $582 per square foot on 2,063 square feet. Across 113 closed sales in 93940 over the last 12 months, the median sold price is $1,100,000 and the median is $721 per square foot, 24% above this sale's $582.
| Quarter | Closed sales in 93940 | Median sold price |
|---|---|---|
| Q1 2026 | 8 | $1,172,000 |
| Q2 2026 | 51 | $1,050,000 |
| Q3 2026 | 49 | $1,150,000 |
| Q4 2026 | 5 | $1,000,000 |
Figures are MLS-reported closed sales (CRMLS); ZIP medians cover the last 12 months. Nalren does not estimate values. Recently sold in Monterey · Homes for sale in 93940
Description
This "fixer upper" ornate Queen Anne Victorian with spectacular views of Monterey Bay from high, in "Old Town Monterey Heights" is perfect for inspiration and creativity. With separate water and PG&E meters for 2 buildings on one property, the main residence offers 4 beds, 2.5 baths, and just over 2,000 SF of living space. Showcasing timeless architectural details, beautiful woodwork, and a rustic stone fireplace, this house has class. While public records list the construction date as 1928, there is speculation it may date back to 1907. Cherished by the same family for more than 50 years, the property presents a rare opportunity to restore a Victorian home to its original grandeur. Adding to its appeal is a 935 SF potential art studio in the 3rd floor attic with an adjoining sun deck. The 800 SF rear house is a real asset, with 2 bedrooms, 2 baths, ideal for extended family, rental income, or creative use. Another bonus is ample driveway parking for up to 7 cars and a garage/shop.
Listing description from the August 2026 sale, as reported to CRMLS.
Sale history
Recent sales near 947 W Franklin Street
18 Yerba Buena Court: Sold $765,000 · 2 bd · 2 ba · 1,164 sqft · Jul 2026 · 0.4 mi
Compass | DRE #01469814
Buyer's agent: Arturo Ponce, Berkshire Hathaway HS Real Time Realty | DRE #020686412 Portola Avenue: Sold $840,000 · 3 bd · 2 ba · 1,332 sqft · Jul 2026 · 0.5 mi
Sotheby's International Realty | DRE #00833476
Buyer's agent: John Romley, Sotheby's International Realty | DRE #01966766515 Dickman Avenue: Sold $940,000 · 2 bd · 1 ba · 619 sqft · Jul 2026 · 0.5 mi
Sotheby's International Realty | DRE #01702965
Buyer's agent: Kyle Murphy, Real Brokerage Technologies | DRE #02234798600 Oak Street: Sold $1,925,000 · 4 bd · 2 ba · 2,516 sqft · Aug 2026 · 0.7 mi
KW Coastal Estates | DRE #01997179
Buyer's agent: Renee Catania, Sotheby's International Realty | DRE #019545897 Via Joaquin 5: Sold $1,075,000 · 2 bd · 3 ba · 1,591 sqft · Jul 2026 · 0.7 mi
Compass | DRE #02300523
Buyer's agent: Stephanie Park, Sotheby's International Realty | DRE #00634519640 Alice Street: Sold $1,100,000 · 3 bd · 2 ba · 1,294 sqft · Jul 2026 · 0.7 mi
eXp Realty of California Inc | DRE #01324678
Buyer's agent: Holly Nutt, Compass | DRE #01964786674 Pine Street: Sold $1,300,000 · 4 bd · 2 ba · 2,665 sqft · Jun 2026 · 0.7 mi
Keller Williams Realty | DRE #70010112
Buyer's agent: Annette Boggs, Above and Beyond Real Estate | DRE #01317801668 Alice Street: Sold $1,325,000 · 4 bd · 3 ba · 1,500 sqft · Aug 2026 · 0.7 mi
Closed sales reported in 93940, nearest first, last 12 months. All recent sales in Monterey →