118 Hacienda Carmel 118, Carmel, California 93923, Carmel, 93923 - 2 bed, 1 bath
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118 Hacienda Carmel 118
Carmel, California 93923
ACTIVE
CONDITION: EXCELLENT
2Beds
1Baths
840Sq Ft
826Lot Size
Property Price
LIST PRICE$699,000
EST. MARKET VALUE
$719,868
SUMMARY
This Turnkey 55+ Condominium is a Prime Investment Opportunity, listed at $699,000—positioned well below the $719,869 Fair Market Value by 2%. This valuation gap offers $20,869 in Instant Equity for the buyer. Featuring a Mint Condition Rating with recent high-end renovations, this residence offers a carefree lifestyle with access to a pool, clubhouse, and scenic trails. Located in the Carmel Unified School District, this is an ideal acquisition for Retirees or Second-Home Buyers seeking coastal luxury.
Estimated Market Value
$719,868
Based on Realkey algorithm analyzing recent comparable sales in Carmel.
Comparable Sales Map
Comparables within 1 miles sold in recently
Map unavailable.
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 118 Hacienda Carmel 118 Subject 2 bd · 1 ba · 840 sqft · $857 | $699,000* List Price | 2 | 1 | 840 | $857 | - |
A 101 Hacienda Carmel Sold 2 bd · 2 ba · 910 sqft · $895 · 0.1 mi | $814,000 | 2 | 2 | 910 | $895 | 0.1 mi |
B 80 Hacienda Carmel Sold 2 bd · 2 ba · 910 sqft · $874 · 0.1 mi | $795,000 | 2 | 2 | 910 | $874 | 0.1 mi |
C 81 Del Mesa Carmel Sold 1 bd · 1 ba · 1,000 sqft · $675 · 0.5 mi | $675,000 | 1 | 1 | 1,000 | $675 | 0.5 mi |
D 120 Del Mesa Carmel Active 1 bd · 1 ba · 1,000 sqft · $650 · 0.5 mi | $650,000 List Price | 1 | 1 | 1,000 | $650 | 0.5 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Excellent
TeardownExcellent
Property is new construction or fully renovated.
Although built in 1964, the property shows evidence of a recent high-end renovation within the last 5 years. The interior features modern wide-plank flooring, updated sliding glass doors, contemporary lighting, and a clean, mint-condition aesthetic consistent with a move-in ready luxury retirement residence.
PROSSTRENGTHS & OPPORTUNITIES
- Great Schools
High School: Carmel High School (9/10).
- Resort-Style Amenities
Located in the desirable Hacienda Carmel 55+ community, residents have access to premium amenities including a clubhouse, swimming pool, dog park, and an on-site dining room, fostering an active and social lifestyle.
- Prime Coastal Location
Situated in the sought-after 'sunny' area of Carmel, the property offers immediate access to scenic walking trails and the natural beauty of the Monterey Peninsula, ideal for a full-time residence or vacation home.
CONSRISKS & DEFICIENCIES
- High Association Fees
The monthly association fee of $1,463 is substantial and represents a significant recurring carrying cost that may impact the overall affordability for some buyers.
- Compact Living Space
With only 840 square feet of living space and a single bathroom for two bedrooms, the floor plan may feel restrictive for those seeking more spacious or modern accommodations.
About 118 Hacienda Carmel 118
Discover relaxed Carmel living in this charming two-bedroom, one-bath residence located in the desirable Hacienda Carmel 55+ community. Nestled in Carmel's sunny area, this inviting home offers a wonderful lifestyle surrounded by beautiful grounds and exceptional amenities. Just outside your front door, enjoy scenic walking trails, a welcoming clubhouse, swimming pool, dog park, and an on-site dining room serving delicious meals. Whether you're seeking a full-time residence or a delightful second home on the Monterey Peninsula, 118 Hacienda Carmel offers the perfect combination of comfort, convenience, and carefree coastal living. Experience all that this wonderful community has to offer!
Property Details
Public Facts
- Property Type
- Condominium
- Year Built
- 1964
- Lot Size
- 826 Sq. Ft.
Interior
- Total Bedrooms
- 2
- Total Bathrooms
- 1 (1 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $1463.0 / Month
Neighborhood Insights
Carmel Unified Schools
Tularcitos Elementary School
Grades K-5 • 8.7 mi
7/10
Carmel Middle School
Grades 6-8 • 1.1 mi
8/10
Carmel High School
Grades 9-12 • 2.1 mi
9/10
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 2.0 | 1.8 |
| Baths | 1.0 | 1.8 |
| Square foot | 840 | 1,173.727 |
| Lot Size | 826 | 1,650.545 |
| Price | $699.0K | $942.6K |
| Price per sq ft | $832 | $788 |
| Built year | 1964 | 1970 |
| HOA | $1463.0 | $1.3K |
| Days on market | 15 | 84 |
Pricing History
Listed for Sale
Oct 9, 2026
$699,000
Initial Listing
Sold
Mar 4, 2021
$470,000
Public Record
Sold
Feb 12, 1998
$123,000
Public Record