
Carmel Valley, California 93924
This Move-In Ready Multi-Unit Compound is listed at $1,095,000, representing a stable valuation for a versatile estate in Good Condition. Positioned near the $1,040,549 Fair Market Value, the property justifies its price through significant income potential, with a lower unit currently leased for $2,800 per month. The main residence features a chef’s kitchen with Wolf appliances, vaulted wood ceilings, and panoramic mountain views with a deck and patio on 11+ acres. Located in the Carmel Unified School District, this sanctuary is ideal for Owner-Occupants seeking a mortgage-offsetting lifestyle or Multi-Generational Families.
Property is move-in ready.
While built in 1980, the property has undergone significant renovations that make it move-in ready. The kitchen is updated with high-end Wolf appliances and modern countertops, and the bathrooms feature contemporary finishes. The addition of a modern mini-split HVAC system and the well-maintained condition of the three separate units align with the 'Good' criteria for a 10-20 year effective age/renovation cycle.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 501811, living area = 1792.
The compound features three separate residential units, including a lower unit currently leased for $2,800 per month, providing significant rental income or flexible multi-generational living options.
Situated on over 11 acres with panoramic mountain views, the property offers unparalleled privacy and is ideal for horse enthusiasts looking for space to ride and roam.
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =501811, other record lot size in square feet = 508925.
Located 'off the beaten path' in Carmel Valley, the property's seclusion may result in longer commute times to essential services, shopping, and urban amenities.
Managing three separate dwellings and over 11 acres of rural land requires significant ongoing maintenance and potential infrastructure upkeep for a property built in 1980.
Those who seek unfiltered beauty off the beaten path will adore this breathtaking Carmel Valley compound with three separate finished residential units and panoramic mountain views. Bring your horses and ride through windswept golden grasses. Or, find a quiet spot to sit in deep contemplation of the grandeur of nature, understanding the meaning of true privacy like never before. We forget just how much noise modern life emits on a continual basis. And when that stops, the stillness is palpable - and oh, so beautiful. The absence of artificial sound is music to the ears, and the senses delight at the opportunity to get back to the pure essential. And yet, the property offers all the amenities you need to be comfortable. In the main house, stainless steel kitchen appliances, a Wolf double-oven and four-burner gas range, a wine refrigerator, ample cabinetry, and gorgeous countertops round out the kitchen. Admire the high vaulted wood ceilings overhead in every room: three bedrooms, two bathrooms, an open living room, and a dining area. The detached ADU offers a kitchen, and the third dwelling functions beautifully as an office with a full bathroom. The lower unit on the property is currently leased for $2,800, excluding utilities.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 3.0 | 50% |
| Baths | 2.0 | 3.0 | 38% |
| Square foot | 1,792 | 2,320.5 | 32% |
| Lot Size | 501,811 | 54,885 | 91% |
| Price | $1.09M | $1.65M | 18% |
| Price per sq ft | $611 | $721 | 26% |
| Built year | 1980 | 1978 | 74% |
| HOA | $0 | $0 | 50% |
| Days on market | 32 | 159 | 9% |
May 5, 2026
$1,095,000
Initial Listing
May 12, 2022
$950,000
Public Record