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28951 Falcon Ridge Rd, Salinas, CA, 93908

4beds
3baths
3,600sqft
$2,495,000
$693price/sqft
$16,351/moest. monthly cost
$654,040/yrincome needed

About This Home

Nestled on over 4 acres in the highly sought-after Markham Ranch community, this custom-built home offers privacy and beautiful Castle Rock views. Built in 1997, the 3,600 square-foot residence was thoughtfully designed to take advantage of its natural surroundings while offering a spacious and functional floor plan, complete with an attached three-car garage. The home features 4 bedrooms, 3 bathrooms, a library, and two dedicated office spaces. A separate entrance to one wing of the home creates an excellent opportunity for multi-generational living, extended family, guests, or a private work-from-home space. The 720-square-foot detached garage with loft provides extra storage. The home offers an opportunity to update and personalize the space while enjoying one of the area's most desirable locations. With usable acreage, privacy, beautiful views, and a quality custom home, this is a rare opportunity to create your own vision in one of Markham Ranch's most sought-after settings.

Getting Around

0
WalkingCar-Dependent
0
TransitNo Nearby Transit
0
BikeNot Bike Friendly

Schools

8/10
8/10
7/10
Salinas High SchoolGrades 9-128.7 mi

Construction

Condition

  • Year built: 1997

Materials

  • Foundation: Concrete Perimeter,Crawl Space
  • Roof: Concrete, Shingle

Type & Style

  • Home type: SingleFamily
  • Property subType: Single Family Residence,Residential

Interior

Appliances

  • Appliances included: Gas Cooktop,Dishwasher,Disposal,Microwave,Double Oven,Electric Oven,Washer
  • Laundry features: Gas Dryer Hookup,Inside

Bathroom

  • Features: DoubleSinks, ShoweroverTub1, StallShower2plus, Tile, Tub

Bedroom

  • Features: WalkinCloset

Bedrooms & Bathrooms

  • Bedrooms: 4
  • Bathrooms: 3
  • Full bathrooms: 3

Dining Room

  • Features: BreakfastRoom, FormalDiningRoom

Family Room

  • Features: SeparateFamilyRoom

Features

  • High Ceilings
  • Flooring: Carpet,Hardwood,Tile
  • Number of fireplaces: 1
  • Fireplace features: Gas Log,Living Room

Heating & Cooling

  • Heating features: Central Forced Air Gas
  • Cooling features: Ceiling Fan(s)

Interior Area

  • Total structure area: 3,600
  • Total interior livable area: 3,600 sqft

Kitchen

  • Features: Countertop_Granite

Property

Details

  • Parcel number: 161552060
  • Zoning: SFR
  • Special condition: Standard

Features

  • Stories: 1
  • Pool features: Community
  • Exterior features: Back Yard,Barbecue,Dog Run/Kennel

Lot

  • Lot size: 4.36 Acres

Parking

  • Total spaces: 3
  • Parking features: Attached,Off Street,Oversized
  • Has garage: Yes
  • Attached garage spaces: 3
  • Covered spaces: 3

Climate Risk is Financial Risk

Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.

Biggest Threats for This Home

  • Inland Flooding
    Inland FloodingVery High
  • Wildfire
    WildfireVery High
  • Drought
    DroughtRelatively High
  • Earthquake
    EarthquakeRelatively High
  • Landslide
    LandslideRelatively High
  • Heat Wave
    Heat WaveModerate

How This Home’s Risks Compare

Inland Flooding
Wildfire
Drought
Earthquake
Landslide
Heat Wave

FEMA Declared Disasters in Monterey County and California

Earthquake
Flood
Mud Landslide
Severe Ice Storm
Severe Storm
Snowstorm
Straight Line Winds
Tornado
Tropical Storm
Winter Storm

Understanding the Costs

Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.

Estimated Costs Today

MonthlyAnnual
Mortgage $12,616$151,392
Home Insurance *$614$7,368
Property Taxes $2,350$28,200
Electricity $771$9,263
Total$16,351$196,212
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$560,605/yr
40% on housing$490,530/yr
45% on housing$436,026/yr

California FAIR Plan Programs

California FAIR Plan Association

Covered
WildfireWildfire
Visit Website →
Current Policies
Residential: 417,310Commercial: 13,990
Total Premiums$1.42B
Total Exposure$429.84B

How Costs Could Change Over Time

Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.

Insurance Growth Rate5-year average: 7.9%
7.9%
0%30.0%
Electricity Growth Rate10-year average: 4.3%
4.3%
0%15.0%
Property Taxes Growth Rate2-year average: -0.4%
-0.4%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

$693This listing

vs Other Active Listings

Avg $/sqft

ZIP 93908$571
Monterey County$769

vs Homes Sold Last Month

Median $/sqft

ZIP 93908$544
Monterey County$589

Current Market Trends

Median Price Per Square Foot

The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.

Historicals for This Listing

Zestimate History ($/sqft)

Price History

DateEventPrice
2026-07-29Listed for sale$2,495,000
1996-04-23Sold$181,000
1995-06-19Sold$62,500

For Sale by Agent

Agent Shankle RE Team
BrokerageSotheby’s International Realty

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