0 2nd Ave 2 Ne Of Casanova Street, Carmel, California 93923, Carmel, 93923 - 3 bed, 4 bath
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Carmel, California 93923
This Spacious Carmel-by-the-Sea Cottage is a High-Potential Investment Opportunity, listed at $2,950,000—positioned well below the $3,363,372 Fair Market Value by 12%. This valuation gap provides $413,372 in Instant Equity. Featuring a Condition Rating of 3, the 3,036 sqft residence offers refinished oak floors, forest views, and an 800 sqft outdoor deck. Located in the prestigious Carmel Unified School District just blocks from the beach, it balances immediate livability with significant value-add potential through cosmetic modernization. This is an ideal acquisition for Owner-Occupants seeking a coastal sanctuary or Value-Add Investors looking to capitalize on a prime Carmel location.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 0 2nd Ave 2 Ne Of Casanova Street Subject | $2,950,000* List Price | 3 | 4 | 3,036 | $1,108 | - |
A 2830 14th Avenue Sold | $3,100,000 | 3 | 3 | 2,467 | $1,257 | 0.8 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
The property is well-maintained and move-in ready, featuring refinished oak hardwood floors, updated stainless steel kitchen appliances, and fresh interior paint. While the kitchen cabinetry and tile countertops reflect an older style and the bathrooms likely require modernization to meet current luxury standards, the home is functional with high open-beam ceilings and well-kept systems. The listing's suggestion to 'remodel to taste' confirms it is a solid, livable structure that lacks a recent full-scale renovation but shows no signs of significant deferred maintenance.
Ideally situated on a quiet street just blocks from downtown shops and a short walk to the beach, offering the perfect balance of accessibility and tranquility without heavy traffic.
Boasting over 3,000 square feet with three spacious en-suite bedrooms and an additional 800 square feet of outdoor deck space, this home offers rare scale and functional layout for the area.
The interior features classic Carmel charm with refinished oak hardwood floors, high open-beam ceilings, and two distinct fireplaces, including one crafted from signature Carmel stone.
While well-maintained, the 1962 construction and 'remodel to taste' suggestion indicate that some buyers may find the aesthetic dated and require additional investment for contemporary upgrades.
The property features a carport rather than a fully enclosed garage, which may be a drawback for buyers seeking more secure or weather-protected vehicle storage at this price point.
Fantastic Carmel-by-the-Sea cottage located on a very quiet street. Ideally located just a few blocks from downtown Carmel shops and restaurants and a short stroll to the beach, you get what most people want, easy access without the traffic. Known as Second Chance Beach House, this spacious 3 bedroom 4 bath home is set on a nice 5275 square feet lot and offers views of the forest. As you enter the residence, you are greeted to refinished oak hardwood covering the living and dining room floors and high open beams ceilings and a brick fireplace. The kitchen has updated appliances and is open to the cozy family room which features a beautiful Carmel stone fireplace to take chill out of a foggy evening. All three bedrooms are very spacious and have dedicated bathrooms. Other amenities include a carport, a 4th full bath, and approximately 800 square feet of outdoor deck/patio space. This home is perfect to use as it is, or to come in and remodel to taste. Either way you will love the sounds of the ocean and the proximity to everything Carmel-by-the-Sea has to offer from this fantastic Carmel location.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 3.0 | 50% |
| Baths | 4.0 | 3.0 | 74% |
| Square foot | 3,036 | 2,327 | 80% |
| Lot Size | 5,275 | 10,533.5 | 18% |
| Price | $2.95M | $2.94M | 50% |
| Price per sq ft | $972 | $1.1K | 36% |
| Built year | 1962 | 1971 | 32% |
| HOA | $0 | $0 | 50% |
| Days on market | 71 | 187 | 16% |
Feb 10, 2026
$2,950,000
Initial Listing