209 Hacienda Carmel, Carmel, California 93923, Carmel, 93923 - 2 bed, 2 bath
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Carmel, California 93923
This Value-Add End-Unit Condominium is a Strong Value Opportunity, listed at $675,000—positioned well below the $746,925 Fair Market Value by 9%. This valuation gap offers $71,925 in Instant Equity for buyers prepared to renovate the Outdated Condition Rating interior. Featuring vaulted ceilings, a south-facing patio, and proximity to top-rated Carmel schools (9/10), the property promises significant appreciation. Located in a premier 55+ community with resort-style amenities, this is a high-potential acquisition for Value-Add Investors or Visionary Owner-Occupants.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 209 Hacienda Carmel Subject | $675,000* List Price | 2 | 2 | 1,100 | $679 | - |
A 273 Hacienda Carmel Sold | $724,900 | 2 | 2 | 925 | $784 | 0.0 mi |
B 212 Del Mesa Carmel Sold | $620,000 | 1 | 1 | 1,000 | $620 | 0.8 mi |
C 136 Hacienda Carmel Sold | $700,000 | 2 | 2 | 910 | $769 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
The property is well-maintained but significantly outdated, featuring older kitchen cabinetry, floral wallpaper in the bathrooms, and aged wall-to-wall carpeting. Built in 1964, the unit is functional and move-in ready for a buyer willing to accept older finishes, but the listing's emphasis on 'potential' and 'investment opportunity' confirms it requires a full cosmetic renovation to meet modern standards.
High School: Carmel High School (9/10).
This 1,100 sq. ft. end unit features vaulted ceilings, a wood-burning fireplace, and a versatile floor plan including a separate office, offering more privacy and natural light than standard units.
Located in the prestigious Hacienda Carmel 55+ community, residents benefit from a full suite of services including on-site dining, a fitness center, swimming pool, and organized social activities.
The monthly HOA fee of $1,773 is significantly high and may impact the overall affordability for buyers on a fixed income.
Built in 1964 and marketed as an investment opportunity 'brimming with potential,' the unit likely requires significant cosmetic or structural updates to meet modern standards.
Wonderful opportunity! This highly desirable 1,100± sq.ft., 2-bedroom, 2 bath end unit is located on the berm walking trail and brimming with potential. Features of this popular floor plan include a large living room with vaulted ceilings, wood burning fireplace and slider to inviting patio area, spacious bedrooms with walk-in closets, separate office/3rd bedroom and plenty of storage make this unit a winner. Wonderful sun-filled south facing patio with mature flowering camellias and geraniums, bougainvillea, Christmas cactus, citrus trees and succulents invites daily dining al fresco, entertaining and relaxing. Hacienda Carmel is an over-55 retirement community that offers numerous services and amenities for residents that include a swimming pool, fitness center, dining facilities, library, transportation and a vibrant calendar of social events and activities throughout the year. Exterior highlights include beautiful common area grounds with rose garden, community vegetable and flower gardens and miles of peaceful walking paths. Located close to Carmel shopping, award winning restaurants and wine-tasting, Carmel beaches and golf. This Hacienda Carmel unit presents a rare investment opportunity for you to create your vision of the future in a prime location.
No exterior & parking available.
Grades K-5 • 8.8 mi
Grades 6-8 • 1.0 mi
Grades 9-12 • 2.0 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 2.0 | 2.0 | 50% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 1,100 | 1,434 | 41% |
| Lot Size | 1,361 | 1,043 | 70% |
| Price | $675.0K | $969.0K | 15% |
| Price per sq ft | $614 | $769 | 15% |
| Built year | 1964 | 1968 | 33% |
| HOA | $1773.0 | $1.7K | 52% |
| Days on market | 23 | 169 | 4% |
Mar 30, 2026
$675,000
Initial Listing