18 Middle Canyon Way B, Carmel Valley, California 93924, Carmel Valley, 93924 - 4 bed, 3 bath
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18 Middle Canyon Way B
Carmel Valley, California 93924
ACTIVE
CONDITION: FAIR
4Beds
3Baths
2,252Sq Ft
43,952Lot Size
Property Price
LIST PRICE$1,298,000
EST. MARKET VALUE
$1,348,000
3% BelowMARKET VALUE
SUMMARY
This Versatile Dual-Level Residence represents a High-Potential Investment Opportunity, listed at $1,298,000—positioned well below the $1,348,000 Fair Market Value by 3%. This valuation gap offers $50,000 in Instant Equity. With a Fair Condition Rating, the home features a Versatile Dual-Level Layout and Expansive Acreage ideal for multi-generational living or rental income. While cosmetic updates are required, the property’s Prime Location & Views in the Carmel Unified district make it a strategic acquisition for Buy-and-Hold Investors or Owner-Occupants seeking value-add potential.
Estimated Market Value
$1,348,000+$50,000 Equity Potential
Based on Realkey algorithm analyzing recent comparable sales in Carmel Valley.
Comparable Sales Map
Comparables within 1 miles sold in recently
Map unavailable.
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 18 Middle Canyon Way B Subject | $1,298,000* List Price | 4 | 3 | 2,252 | $599 | - |
A 5 Boronda Road Sold | $1,650,000 | 3 | 4 | 2,876 | $574 | 0.2 mi |
B 273 W Carmel Valley Road Active | $1,549,000 List Price | 4 | 4 | 2,240 | $692 | 0.4 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Fair
TeardownExcellent
Property is moderate renovation needed.
Built in 1980 (44 years old), the home is well-maintained but dated. While it features partial updates including newer laminate flooring, stone countertops, and stainless steel appliances, the kitchen cabinetry and bathroom tile work are original or aged (>20 years), requiring cosmetic modernization.
PROSSTRENGTHS & OPPORTUNITIES
- High Available Lot Utilization
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 43952, living area = 2252.
- Versatile Dual-Level Layout
The home features two separate living areas across two levels, offering excellent flexibility for multi-generational living, guest quarters, or potential rental opportunities.
- Prime Location & Views
Situated at the end of a quiet cul-de-sac on the sunny side of Carmel Valley, the property boasts stunning sunset vistas and views toward Garland Ranch Regional Park.
CONSRISKS & DEFICIENCIES
- MLS Listing Discrepancy
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =43952, other record lot size in square feet = 40128. Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 4, other record bedroom count = 5.
- Market Stagnation
With 55 days on the market and a recent $50,000 price reduction, the property is experiencing slower-than-average absorption, potentially indicating a mismatch between condition and current pricing.
- Potential Modernization Needs
Built in 1980, the home may require capital investment for updates to its interior finishes and systems to align with modern luxury standards in the Carmel Unified district.
About 18 Middle Canyon Way B
Located at the end of a cul-de-sac on the sunny side of Carmel Valley Road in the desirable Water West area, this two-level home sits on slightly over one acre with beautiful views toward Garland Ranch Regional Park and lovely sunset vistas. Currently configured with two separate living areas, one on each level, the home offers a versatile layout. Nearby hiking trails, the ability to walk to Los Laureles Lodge Restaurant, and a location just minutes from the Village complete the Carmel Valley lifestyle.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1980
- Lot Size
- 43,952 Sq. Ft.
Interior
- Total Bedrooms
- 4
- Total Bathrooms
- 3 (3 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 4.0 | 3.2 |
| Baths | 3.0 | 2.6 |
| Square foot | 2,252 | 2,067 |
| Lot Size | 43,952 | 137,901.8 |
| Price | $1.30M | $1.79M |
| Price per sq ft | $576 | $853 |
| Built year | 1980 | 1981 |
| HOA | $0 | $846 |
| Days on market | 63 | 61 |
Pricing History
Listed for Sale
Aug 13, 2026
$1,298,000
$1,348,000
-4% Price Drop
Initial Listing
Price Change
Jul 8, 2026
$1,348,000
Initial Listing