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28837 Underwood Rd, Salinas, CA, 93908

4beds
3baths
3,059sqft
$2,495,000
$816price/sqft
$16,232/moest. monthly cost
$649,280/yrincome needed

About This Home

Country living at its best! Tucked away in Steinbecks Pastures of Heaven, a short drive through Corral de Tierra featuring rolling hills dotted w/heritage oaks, historic ranch lands & newer equestrian estates! Expectations are met when you roll up & survey the views of pastures & folding hills which sets the stage for this majestic 12-acre equestrian estate. A 6 stall barn w/tack room, runs, round pen, an arena area, trails & pastures welcome your horses home! Extra features include a tractor barn & fenced large garden, a stunning 20 X 40 swimming pool, an in-ground spa. TWO residences, each with 3-car garage, beautiful finishes, spacious rooms & quality amenities. The elegant main home has 3,059 sq. ft. 4 bedrooms, an office, 3 bathrooms & central forced air heating/air conditioning, two fireplaces, an outdoor BBQ area and fire pit. Energy efficient, w/Anderson windows & a solar system w/two Tesla battery backups & a large shop. The second gem of a home is a 1,187sq. ft. two bed/ full bath w/ a spacious open living room/dining & kitchen, great appliances, tankless water heater. A great well produces plenty of water for all. Outstanding opportunity for multi-generational living, homesteading & an outdoor lifestyle that offers both tranquility & adventure!

Getting Around

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

Schools

8/10
8/10
7/10
Salinas High SchoolGrades 9-1210.8 mi

Construction

Condition

  • Year built: 1995

Materials

  • Foundation: Concrete Perimeter
  • Roof: Composition

Type & Style

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

Interior

Appliances

  • Appliances included: Electric Cooktop,Microwave,Built In Oven,Refrigerator,Dryer,Washer,Water Softener
  • Laundry features: Inside,In Utility Room

Bathroom

  • Features: DoubleSinks, PrimaryStallShowers, PrimaryTubwJets, ShowersoverTubs2plus, FullonGroundFloor, PrimaryOversizedTub

Bedroom

  • Features: GroundFloorBedroom, WalkinCloset

Bedrooms & Bathrooms

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

Dining Room

  • Features: DiningFamilyCombo, FormalDiningRoom, Skylights

Family Room

  • Features: SeparateFamilyRoom

Features

  • High Ceilings,One Or More Skylights,Vaulted Ceiling(s),Walk-In Closet(s)
  • Flooring: Carpet
  • Number of fireplaces: 2
  • Fireplace features: Family Room,Living Room,Wood Burning

Heating & Cooling

  • Heating features: Central Forced Air,Propane
  • Cooling features: Ceiling Fan(s),Central Air,Whole House Fan

Interior Area

  • Total structure area: 3,059
  • Total interior livable area: 3,059 sqft

Kitchen

  • Features: Countertop_Granite

Property

Details

  • Parcel number: 416451045000
  • Zoning: R1
  • Special condition: Standard
  • Horse amenities: Arena,BarnAmenities,CrossFenced,Fenced,HayStorage,Paddocks,Pasture,RidingTrails,RoundPen,Stalls,TrailerStorage

Features

  • Stories: 2
  • Pool features: Pool Cover,Heated,In Ground,Pool Sweep
  • Patio & porch: Balcony/Patio
  • Exterior features: Back Yard,Barbecue,Gazebo,Fire Pit
  • Spa features: Other,Cover
  • Fencing: Cross Fenced,Back Yard,Front Yard,Gate,Horse Fencing,Mixed Height Type
  • Has view: Yes
  • View description: Canyon,Forest/Woods,Garden/Greenbelt,Mountain(s),Pasture,Valley
  • Horses can be raised: Yes

Lot

  • Lot size: 12.44 Acres

Parking

  • Total spaces: 20
  • Parking features: Attached,Covered,Garage Door Opener,Guest,Oversized
  • Has garage: Yes
  • Attached garage spaces: 6
  • Covered spaces: 6

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 $2,347$28,164
Electricity $655$7,871
Total$16,232$194,784
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$556,525/yr
40% on housing$486,960/yr
45% on housing$432,853/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

$816This listing

vs Other Active Listings

Avg $/sqft

ZIP 93908$567
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
2026-04-30Listed for sale$2,495,000

For Sale by Agent

AgentSam J Piffero
BrokerageSotheby’s International Realty

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