Opportunity for 1031 Exchange! Here is a seldom opportunity to purchase this large mediterranean estate located in very prestigious area of Monte Regio Peters Gate in Monterey. This unique estate features seven spacious bedrooms complete with ensuite bathrooms and personal thermostats for each of the occupants, allowing privacy. Its floor plan comprises three different entrances and three courtyards thus its use is quite flexible. Presently it is an operating Recovery Home with several leaseholders licensed by the City of Monterey. However, it also holds exceptional potential as a high-end private residence.