If you’re looking to purchase a second home and have your sights set on Monterey Peninsula, you should know that there is an abundance of options here that many are unaware of.
The first thing the Monterey Peninsula Home team will do for you as a buyer looking in our area is drive you around the neighborhoods.
Pacific Grove, for example, has three areas within it that are all radically different from each other:
- The Old Retreat—Near the downtown area, the Old Retreat has the most Victorian homes per capita than any other city in America.
- Asilomar—This area sports huge lots.
- Beach Track—This area has one of the most beautiful stretches of coastlines on the peninsula
Carmel is similar to Pacific Grove in that respect. Everyone thinks they want to live in the Golden Rectangle area of Carmel until they realize that it’s very expensive and the homes are relatively small. Carmel Point affords homebuyers more privacy, as it’s set away from much of the summer traffic the area is likely to get.
Secondly, we can have a discussion about property taxes. Fortunately or unfortunately, depending on how you feel about it, property taxes are really very simple in Monterey Peninsula. Currently, the property tax is at 1.25% of the sales price of the home, and unless Proposition 13 is modified, no community will change that rate.
To live in Monterey Peninsula, you’ll need to think about the lifestyle you want to lead. Even just within the peninsula, there are microclimates. Depending on where you are during the summer, you might expect the beach areas to be sunny and warm, but it actually might more often be foggy and cool. This may be a good or a bad thing for you—we often get buyers from hot areas coming here to escape the heat, but many people come with the expectation of sunny beaches and are soon disappointed.
Additionally, think about your preferences for travel. If you’re a fan of being able to walk around and enjoy the downtown area, you’ll want to choose an area close by. Other areas with larger lots may suit your style better, but they’ll be some distance away from downtown, so you’ll need to drive.
The variability of Monterey Peninsula is one of its greatest charms, but it also means that you’ll need to take a number of things into consideration before buying a home here. That’s why we invite you to come out and take a tour with us; we can show you around before you begin your in-depth search for a home and tell you about certain factors that will help you make a good decision about where to buy.
If you have any questions in the meantime, don’t hesitate to reach out to us. We’d be glad to hear from you.