
Carmel, California 93921
This Spacious Renovated Carmel Residence is a Strong Value Opportunity, listed at $3,488,888—positioned well below the $3,695,000 Fair Market Value by 5%. This valuation gap provides $206,112 in Instant Equity. Boasting a Move-In Ready Condition, the home features vaulted open-beam ceilings, a custom kitchen, and a wine room on a rare oversized lot. Located in the prestigious Carmel Unified School District, it offers peek views and a private deck. This is an ideal acquisition for Owner-Occupants seeking a coastal sanctuary or Lifestyle Investors looking for a high-value asset.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 0 Oak Knoll 2 Se Of Forest Subject | $3,488,888* List Price | 3 | 3 | 2,085 | $1,772 | - |
A Se Of 4th Sold | $3,200,000 | 3 | 2 | 1,616 | $1,980 | 0.5 mi |
B 0 Se Corner Santa Rita And 6th Sold | $2,450,000 | 3 | 3 | 1,598 | $1,533 | 0.2 mi |
C 0 San Antonio 3 Se Ocean Sold | $3,495,000 | 3 | 2 | 1,615 | $2,164 | 0.7 mi |
D 0 Guadalupe 4 Nw Of 1st Sold | $3,250,000 | 3 | 4 | 1,660 | $1,958 | 0.6 mi |
E 0 Palou 9 Nw Of Casanova Active | $3,600,000 List Price | 2 | 2 | 2,307 | $1,560 | 0.7 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
Although built in 1980, the property has undergone extensive renovations that make it move-in ready. The interior features high-quality custom kitchen cabinetry, stone countertops, stainless steel appliances, and updated bathrooms. The presence of vaulted open-beam ceilings, modern light fixtures, and well-maintained hardwood floors throughout indicates a high level of upkeep and modernization within the last 5 to 15 years.
Situated in the desirable 'sun belt' of Carmel-by-the-Sea on a quiet cul-de-sac, the property features an oversized 5,500 sq. ft. lot, providing rare space and privacy for this high-demand area.
The home offers sophisticated interior appeal with vaulted open-beam ceilings, hardwood floors, and custom-remodeled kitchen and bathrooms that enhance its luxury aesthetic.
At over 2,000 sq. ft., the versatile floor plan includes a dedicated wine room, ample storage, and professional drought-resistant landscaping, making it a highly functional primary or secondary residence.
With over 100 days on the market and a significant price reduction of approximately $200,000, the property has faced challenges in finding the right buyer at its initial valuation.
The property features only a single-car garage, which may be a drawback for multi-vehicle households or buyers expecting more extensive covered parking at this price point.
Beautiful Carmel home on a quiet cul de sac in the sun belt of Carmel by the Sea. Versatile floor plan including 3 bedrooms, 2.5 baths, approximately 2,085 sq. ft and sits on an oversized lot thats just under 5,500 sq ft. Vaulted/Open beam ceilings with lots of light, peak views, hardwood floors, custom kitchen and baths, single car garage with storage/wine room and beautiful drought resistant landscaping. A great place to call home!
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 3.0 | 50% |
| Baths | 3.0 | 2.0 | 59% |
| Square foot | 2,085 | 1,615.5 | 82% |
| Lot Size | 5,490 | 4,000 | 82% |
| Price | $3.49M | $3.49M | 50% |
| Price per sq ft | $1.7K | $2.2K | 27% |
| Built year | 1980 | 1969 | 55% |
| HOA | $0 | $0 | 50% |
| Days on market | 72 | 184 | 27% |
Mar 16, 2026
$3,488,888
$3,695,000
-6% Price Drop
Initial Listing
Feb 9, 2026
$3,695,000
Initial Listing