10427 Fairway Lane, Carmel, California 93923, Carmel, 93923 - 3 bed, 4 bath
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Carmel, California 93923
This 3-bedroom, 4-bathroom Condominium is a High-Potential Investment Opportunity, listed at $1,750,000—positioned well above the $1,393,741 Fair Market Value by -25%. While the property features a Fair Condition Rating with original 1997 finishes, it offers a prestigious lifestyle within Carmel Valley Ranch, complete with stunning mountain views and large balcony access. With proximity to top-rated Carmel High School (9/10), this residence provides a unique blend of resort-style living and long-term potential. It is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking a scenic retreat.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 10427 Fairway Lane Subject | $1,750,000* List Price | 3 | 4 | 2,209 | $631 | - |
A 9662 Willow Court Sold | $1,365,000 | 3 | 4 | 2,324 | $587 | 0.6 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1997, the property is approximately 27 years old and retains most of its original finishes. While the home is well-maintained and described as move-in ready, the kitchen and bathrooms are dated, featuring original oak cabinetry, white appliances, and brass fixtures that align with the 'Fair' criteria for properties over 20 years old needing updates.
High School: Carmel High School (9/10).
Situated within the prestigious gated community of Carmel Valley Ranch, offering residents access to world-class golf, a clubhouse, and luxury amenities at The Lodge.
The property features expansive balconies and large windows that capture breathtaking mountain and treetop views from both the main living areas and the master suite.
The $540 monthly association fee adds a significant recurring expense to the property's ownership costs compared to non-HOA alternatives.
As a condominium unit, the property may offer less privacy and more restrictive autonomy regarding exterior modifications than a detached single-family residence.
Behind the gated community of Carmel Valley Ranch, well beyond the fields of lavender and world-class golf greens, lies this gem. Inside you will find a move-in-ready, 3-bedroom, 3-full-bath, 1-half-bath residence with over 2,000 square feet of pristine living space. Enjoy a living room with fireplace adjacent to a dining area, both framed by stunning mountain views. Whether you are taking in the views from inside the home or outside on the large balconydesigned for entertaining among the treetopsthe home truly takes full advantage of its spectacular setting. You will find bright, open living spaces that flow from the entry through the kitchen and beyond, ultimately leading to the upstairs master suite. This suite features a dual-sink vanity, private bath, and balcony that once again opens to the majestic mountain views. The Carmel Valley Ranch location offers an array of amenities, including championship golf, a clubhouse, and a pool at the acclaimed resort and restaurant, The Lodge. Come enhance your connection to the natural landscape and experience this gem in an unbeatable setting.
No exterior & parking available.
Grades K-5 • 3.8 mi
Grades 6-8 • 6.0 mi
Grades 9-12 • 2.2 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 2.0 | 88% |
| Baths | 4.0 | 2.0 | 92% |
| Square foot | 2,209 | 1,375.5 | 88% |
| Lot Size | - | 1,021.5 | 42% |
| Price | $1.75M | $934.5K | 92% |
| Price per sq ft | $792 | $774 | 63% |
| Built year | 1997 | 1968 | 96% |
| HOA | $540.0 | $1.7K | 8% |
| Days on market | 16 | 165 | 4% |
May 21, 2026
$1,750,000
Initial Listing
Oct 21, 2010
$775,000
Public Record