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28000 Underwood Rd, Corral de Tierra, CA, 93908

3beds
2baths
2,958sqft
$3,475,000
$1,175price/sqft
$22,355/moest. monthly cost
$894,200/yrincome needed

About This Home

Set on a scenic ridge with panoramic views encompassing historic Corral de Tierra ranchlands and the Monterey Bay, 28000 Underwood Road offers exceptional privacy and personal connection to iconic California landscapes. Rich in regional history, the area inspired John Steinbeck's second novel, Pastures of Heaven. The property includes a remodeled three-bedroom, two-bath log home, remodeled workshop, equipment shed, and multiple view-oriented building sites offering expansion potential. The land and climate are ideal for vineyards, olive trees, beekeeping, livestock, and more. Night skies are vivid and magical, enjoyed from the patio in complete tranquility. Infrastructure highlights include a 400-amp electrical service, a productive well, ample water storage and propane capacity, and a prepared barn site with existing plans. The current owners completed extensive interior and exterior renovations including a new Corten steel roof, water and heating infrastructure upgrades, driveway improvements, and a secondary Firewise-approved egress route. Approximately 128 acres have been thoughtfully stewarded, creating a peaceful retreat only minutes away from the sights and amenities of Monterey, Carmel, and Carmel Valley. Offered turnkey with furnishings available separately.

Getting Around

0
WalkingCar-Dependent
0
TransitVery Limited Transit
0
BikeNot Bike Friendly

Schools

8/10
8/10
7/10
Salinas High SchoolGrades 9-1210.3 mi

Construction

Condition

  • Year built: 1999

Materials

  • Foundation: Concrete Perimeter and Slab
  • Roof: Metal
  • Construction materials: Log

Type & Style

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

Interior

Appliances

  • Appliances included: Gas Cooktop,Dishwasher,Exhaust Fan,Disposal,Microwave,Built In Oven/Range,Electric Oven/Range,Refrigerator,Wine Refrigerator,Dryer,Washer,Water Softener
  • Laundry features: Tub/Sink,Inside

Basement

  • Has basement: Yes
  • Basement: Finished

Bathroom

  • Features: DoubleSinks, PrimaryStallShowers, Skylight, StallShower2plus, Tile, UpdatedBaths, FullonGroundFloor

Bedroom

  • Features: GroundFloorBedroom, WalkinCloset, PrimaryBedroomonGroundFloor

Bedrooms & Bathrooms

  • Bedrooms: 3
  • Bathrooms: 2
  • Full bathrooms: 2

Dining Room

  • Features: BreakfastBar, FormalDiningRoom

Family Room

  • Features: KitchenFamilyRoomCombo

Features

  • One Or More Skylights,Vaulted Ceiling(s),Walk-In Closet(s)
  • Flooring: Carpet,Hardwood

Heating & Cooling

  • Heating features: 2 plus Zones,Radiant,Radiant Floor
  • Cooling features: Ceiling Fan(s)

Interior Area

  • Total structure area: 2,958
  • Total interior livable area: 2,958 sqft

Kitchen

  • Features: Countertop_Other, ExhaustFan, Island, Pantry, Skylights

Property

Details

  • Parcel number: 416452041000
  • Zoning: SFR
  • Special condition: Standard
  • Horse amenities: CrossFenced,Fenced

Features

  • Stories: 2
  • Exterior features: Storage Shed Structure,Fire Pit
  • Fencing: Barbed Wire,Cross Fenced,Gate,Wood
  • Has view: Yes
  • View description: Hills,Mountain(s),Ridge,Valley,Water
  • Has water view: Yes
  • Water view: Water

Lot

  • Lot size: 127.75 Acres
  • Features: Rolling Slope,Sloped Down,Grade Varies

Parking

  • Parking features: Electric Gate,No Garage,Parking Area,Oversized

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 $17,571$210,852
Home Insurance *$855$10,260
Property Taxes $3,295$39,540
Electricity $634$7,611
Total$22,355$268,260
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$766,457/yr
40% on housing$670,650/yr
45% on housing$596,133/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

$1,175This listing

vs Other Active Listings

Avg $/sqft

ZIP 93908$554
Monterey County$768

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
2026-04-24Price change$3,975,000
2026-02-26Listed for sale$4,475,000
2021-01-19Sold$1,940,000
2020-12-28Contingent$1,995,000
2020-12-28Pending sale$1,995,000
2020-07-20Listed for sale$1,995,000
2017-07-01Listing removed$2,295,000
2017-02-01Listed for sale$2,295,000
2011-03-22Sold$646,000
2008-09-03Sold$1,566,000

For Sale by Agent

Agent Heinrich Brooksher
BrokerageCarmel Realty Company

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