18 Middle Canyon Way B, Carmel Valley, California 93924, Carmel Valley, 93924 - 4 bed, 3 bath
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Carmel Valley, California 93924
This Spacious Multi-Level Residence represents a High-Potential Investment Opportunity, listed at $1,348,000—positioned well below the $1,396,721 Fair Market Value by 3%. This valuation gap provides $48,721 in Instant Equity. With a Condition Rating of 3, the home features modern kitchen updates and solar panels, while the lower level offers significant ADU potential. Situated on a one-acre lot with scenic views, this property is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking long-term value in the Carmel Unified School District.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 18 Middle Canyon Way B Subject | $1,348,000* List Price | 4 | 3 | 2,252 | $620 | - |
A 5 Boronda Road Sold | $1,650,000 | 3 | 4 | 2,876 | $574 | 0.2 mi |
B 195 Laurel Drive Sold | $1,650,000 | 4 | 4 | 2,675 | $617 | 1.0 mi |
C 4 Paso Del Rio Active | $1,749,000 List Price | 3 | 2 | 2,608 | $671 | 0.5 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
While the property was built in 1980, the interior shows significant updates that align with a 5-15 year renovation cycle. The kitchen features modern white shaker cabinets, stone countertops, and stainless steel appliances. Bathrooms have been updated with contemporary vanities and tiling. The addition of solar panels suggests attention to systems, and the overall condition is well-maintained and move-in ready.
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.
The lower level features a separate living area, bedrooms, and space for a kitchenette, offering excellent potential for a guest suite, rental income, or an ADU.
Situated at the end of a quiet cul-de-sac, the property boasts stunning sunset vistas and views toward Garland Ranch Regional Park, providing a quintessential Carmel Valley lifestyle.
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.
Built in 1980, the home likely requires cosmetic and functional modernizations to meet contemporary luxury standards and maximize its market value.
The distinct separation between the upper and lower living levels may feel disconnected for buyers seeking a traditional, open-concept single-family layout.
Located at the end of a peaceful cul-de-sac in the desirable Water West area of Carmel Valley, this two-level home sits on a slightly over one-acre parcel with beautiful views toward Garland Ranch Regional Park and lovely sunset vistas. The main level features two bedrooms, two bathrooms, a living room, dining room, full kitchen, and wood-burning fireplace. Downstairs offers two bedrooms, one bathroom, its own living room, dining area, wood-burning fireplace, and space for a kitchenette, creating wonderful potential for guest quarters or a possible ADU. 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.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 4.0 | 3.0 |
| Baths | 3.0 | 3.0 |
| Square foot | 2,252 | 1,172 |
| Lot Size | 43,952 | 440,392 |
| Price | $1.35M | $1.86M |
| Price per sq ft | $599 | $852 |
| Built year | 1980 | 1984 |
| HOA | $0 | $2.8K |
| Days on market | 14 | 78 |
Jul 8, 2026
$1,348,000
Initial Listing