
Carmel, California 93921
This Turnkey Single Family Residence is a High-Potential Investment Opportunity, listed at $1,895,000—positioned well above the $1,800,668 Fair Market Value by -5%. Featuring a Separate Guest Unit (ADU) and Modern Interior Updates like shaker cabinetry and stone countertops, the property maintains an Excellent Condition Rating. Located in the Carmel Unified school district, this home offers a rare blend of privacy and versatility. It is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking a move-in ready Carmel-by-the-Sea lifestyle.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 0 Nw Carpenter & 2nd Nw Corner Subject | $1,895,000* List Price | 3 | 3 | 1,544 | $1,166 | - |
A 0 5th Avenue 3 Se Of Perry Newberry Way Sold | $1,950,000 | 3 | 2 | 1,871 | $1,042 | 0.4 mi |
B Torres Street Pending | $2,295,000 List Price | 3 | 4 | 1,956 | $1,173 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
While originally built in 1972, the property has undergone a comprehensive recent renovation (likely within the last 5 years) as evidenced by the modern shaker cabinetry, stone countertops, and stainless steel appliances in the kitchen. The bathrooms feature contemporary floor-to-ceiling tile work and updated fixtures. The addition of a modern ADU and the pristine condition of the interior and exterior systems place this in the excellent category.
The property features a rare, fully-equipped separate guest unit with a modern kitchen and updated bathroom, providing exceptional versatility for multi-generational living, guests, or a private home office.
The residence showcases high-quality contemporary finishes, including shaker cabinetry, stone countertops, stainless steel appliances, and recessed lighting, offering a move-in-ready experience in a classic location.
Set behind a gated entry with a private fenced yard and garden area, the property offers a sense of seclusion and security that is highly valued in the Carmel-by-the-Sea market.
At 3,920 square feet, the lot is relatively small, which limits outdoor recreational space and may feel constrained when shared between the main house and the guest unit.
With 109 days on the market and a recent price reduction, the property may be facing buyer hesitation regarding its initial valuation or specific location on the Carpenter street corridor.
This thoughtfully updated Carmel-by-the-Sea property offers the rare advantage of a separate guest unit (ADU), providing exceptional flexibility for extended family, guests, or a private home office. Set behind a gated entry with a paver driveway, the property features a welcoming arrival and an attached one-car garage for convenience and storage. The guest unit showcases a bright, open layout with a modern kitchen featuring stainless steel appliances, shaker cabinetry, stone countertops, and recessed lighting. A comfortable sleeping area, dining space, and an updated bathroom with tiled shower-tub surround complete the interior, creating a clean and inviting living environment. Outside, a private fenced yard and garden area provide separation between the main residence and guest quarters, offering both privacy and outdoor enjoyment. The property is well-maintained and thoughtfully improved, presenting a unique opportunity to enjoy the charm and lifestyle of Carmel-by-the-Sea with added versatility and comfort.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 3.0 |
| Baths | 3.0 | 2.5 |
| Square foot | 1,544 | 1,978 |
| Lot Size | 3,920 | 5,500 |
| Price | $1.90M | $3.29M |
| Price per sq ft | $1.2K | $1.6K |
| Built year | 1972 | 1969 |
| HOA | $0 | $3.0K |
| Days on market | 138 | 73 |
Jun 17, 2026
$1,895,000
$1,995,000
-5% Price Drop
Initial Listing
Mar 6, 2026
$1,995,000
Initial Listing