
Carmel Valley, California 93924
This property presents a High-Potential Investment Opportunity with a List Price of $949,000—positioned well below the $971,017 Fair Market Value by 2%. This valuation gap offers $22,017 in Instant Equity. With a Condition Rating of 5, the home requires a full interior modernization, yet the 3.23-acre lot, four-stall horse barn, and Santa Lucia Mountain views provide significant upside. This is an ideal acquisition for Value-Add Investors or Owner-Occupants seeking to build equity through strategic renovation.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 11565 Mccarthy Road Subject | $949,000* List Price | 2 | 2 | 1,664 | $584 | - |
A 11521 Hidden Hills Road Sold | $1,110,000 | 4 | 3 | 1,800 | $617 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
Built in 1980 (44 years old), the home is significantly dated with original wood paneling, mirrored closets, and baseboard heating. Although new flooring was recently installed, the property requires a full rehab of the kitchen, bathrooms, and systems to meet modern standards, consistent with the listing's description that it needs 'vision'.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 140525, living area = 1664.
The expansive 3.23-acre lot is exceptionally equipped for rural living, featuring a four-stall horse barn with its own electrical subpanel, a fenced hillside pasture, and RV parking with power.
The property boasts beautiful, unobstructed views of the Santa Lucia Mountains, providing a peaceful and private atmosphere that enhances the overall value of the Carmel Valley location.
While the flooring is new, the description indicates the rest of the 1980s-built home is in original condition and requires a buyer with 'vision' to perform necessary updates.
Despite the large lot and nearly 1,700 square feet of living space, the home only offers two bedrooms, which may limit its appeal to larger families or those needing multiple guest rooms.
Set on approximately 3.23 acres, this special Carmel Valley property is full of possibility. The single-level home offers two bedrooms, two bathrooms, 1,664 square feet, and two wood-burning fireplaces. New flooring has recently been installed, while the rest of the home is ready for someone with vision to make it their own. Outside, RV parking with power, a four-stall horse barn, fenced hillside pasture, three-car garage, and water create room for horses, hobbies, and everyday country living. The barn also includes a carport and its own electrical subpanel. With beautiful views of the Santa Lucia Mountains and a peaceful sense of privacy, this is a wonderful opportunity to create a place that feels entirely your own.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 2.0 | 3.2 |
| Baths | 2.0 | 2.6 |
| Square foot | 1,664 | 2,067 |
| Lot Size | 140,525 | 137,901.8 |
| Price | $949.0K | $1.79M |
| Price per sq ft | $570 | $853 |
| Built year | 1980 | 1981 |
| HOA | $1100.0 | $846 |
| Days on market | 4 | 61 |
Sep 5, 2026
$949,000
Initial Listing