120 Del Mesa Carmel, Carmel, California 93923, Carmel, 93923 - 1 bed, 1 bath
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120 Del Mesa Carmel
Carmel, California 93923
ACTIVE
CONDITION: GOOD
1Beds
1Baths
1,000Sq Ft
1,002Lot Size
Property Price
LIST PRICE$650,000
EST. MARKET VALUE
$699,928
7% BelowMARKET VALUE
SUMMARY
This 55+ Condominium is a Strong Value Opportunity, listed at $650,000—positioned well below the $699,928 Fair Market Value by 7%. This valuation gap offers $49,928 in Instant Equity for the buyer. The property maintains a Condition Rating of 3, featuring radiant floor heating, newer kitchen appliances, and a private balcony with forest and ocean views. Located in the prestigious Del Mesa Carmel community, this home is an ideal choice for Owner-Occupants seeking a serene lifestyle or Retirees prioritizing security and amenities.
Estimated Market Value
$699,928+$49,928 Equity Potential
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 |
|---|---|---|---|---|---|---|
★ 120 Del Mesa Carmel Subject | $650,000* List Price | 1 | 1 | 1,000 | $700 | - |
A 81 Del Mesa Carmel Sold | $675,000 | 1 | 1 | 1,000 | $675 | 0.0 mi |
B 201 Del Mesa Carmel Active | $699,000 List Price | 1 | 1 | 1,000 | $699 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Good
TeardownExcellent
Property is move-in ready.
Although built in 1968, the property is well-maintained and move-in ready. It features a functional kitchen with newer stainless steel appliances, updated recessed lighting, and radiant floor heating. While some elements like the carpeting and louvered closet doors are dated, the overall condition reflects a home that has been cared for and partially updated within the 5-15 year range.
PROSSTRENGTHS & OPPORTUNITIES
- Great Schools
High School: Carmel High School (9/10).
- Premium Community Amenities
Located in the prestigious Del Mesa Carmel 55+ community, residents enjoy 24/7 security and exclusive access to the acclaimed Woody's Restaurant & Lounge, fostering a secure and social lifestyle.
- Scenic Forest & Ocean Views
The private balcony provides a tranquil setting with peaceful forest views and a peek of the ocean, offering a serene outdoor space that is highly desirable in the Carmel area.
CONSRISKS & DEFICIENCIES
- High Monthly Carrying Costs
The association fee of $1,683 per month is substantial, which may be a deterrent for buyers concerned with high recurring overhead costs.
- Limited Living Configuration
With only one bedroom and one bathroom, the property offers limited flexibility for those needing a home office or guest space, potentially narrowing the target buyer pool.
About 120 Del Mesa Carmel
Welcome to this charming 1-bedroom, 1-bath home nestled in the beautiful 55+ community of Del Mesa Carmel. Offering approximately 1,000 square feet of comfortable living space, this inviting home features an open kitchen with newer appliances that flows seamlessly into the dining and living areas, creating the perfect space to relax or entertain. Stay cozy year-round with radiant floor heating and a warm fireplace. Step outside onto your private balcony and take in the peaceful forest views with a peek of the oceanthe perfect spot to enjoy your morning coffee or unwind at the end of the day. Just a short stroll away, you'll find all the wonderful amenities Del Mesa Carmel has to offer, including the highly acclaimed Woody's Restaurant & Lounge. This 55+ community offers 24/7 security and is ideally located just minutes from world-renowned golf courses, shopping, beautiful beaches, local vineyards, the stunning Carmel coastline, and charming art galleries. Come experience the relaxed Carmel lifestyle you've been waiting for.
Property Details
Public Facts
- Property Type
- Condominium
- Year Built
- 1968
- Lot Size
- 1,002 Sq. Ft.
Interior
- Total Bedrooms
- 1
- Total Bathrooms
- 1 (1 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $1683.0 / Month
Neighborhood Insights
Carmel Unified Schools
Tularcitos Elementary School
Grades K-5 • 8.6 mi
7/10
Carmel Middle School
Grades 6-8 • 1.3 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 | 1.0 | 1.8 |
| Baths | 1.0 | 1.8 |
| Square foot | 1,000 | 1,173.727 |
| Lot Size | 1,002 | 1,650.545 |
| Price | $650.0K | $949.9K |
| Price per sq ft | $650 | $790 |
| Built year | 1968 | 1970 |
| HOA | $1683.0 | $1.3K |
| Days on market | 48 | 69 |
Pricing History
Listed for Sale
Jul 23, 2026
$650,000
Initial Listing
Sold
Aug 29, 2024
$630,000
Public Record
Sold
Jun 30, 2000
$252,000
Public Record
Sold
Jul 31, 1998
$205,000
Public Record