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Located in Monterra Ranch, an exclusive gated community with a private golf course and club, this home was foreclosed on in 2009, then listed for sale by Monterey County Bank for $4.65 million. The bank later slashed the listing price to $3.99 million. Over the past few months, several lower offers have been declined, said listing agent Joy Jacobs.
The Mediterranean-style home has 4 bedrooms, 6 bathrooms, a gourmet chef's kitchen, game room, wine cellar and library with high-end details like limestone floors and vaulted ceilings.
For more information: The Jacobs Team
These foreclosed homes may be in some of America's hardest hit neighborhoods, but the deals may be too good to pass up.
