24400 S. San Luis Avenue, Carmel, California 93923, Carmel, 93923 - 4 bed, 3 bath
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24400 S. San Luis Avenue
Carmel, California 93923
ACTIVE
CONDITION: GOOD
4Beds
3Baths
2,533Sq Ft
9,300Lot Size
Property Price
LIST PRICE$3,850,000
EST. MARKET VALUE
$4,062,143
5% BelowMARKET VALUE
SUMMARY
This Stunning Coastal Residence is a Strong Value Opportunity, listed at $3,850,000—positioned well below the $4,062,143 Fair Market Value by 5%. This valuation gap offers $212,143 in Instant Equity for the buyer. Featuring a 3 Condition Rating, the home offers Panoramic Ocean Views, a European-style courtyard, and an expansive wraparound deck. Located in the Carmel Unified School District with access to 9/10 rated schools, this property is an ideal sanctuary for discerning homeowners or luxury lifestyle seekers.
Estimated Market Value
$4,062,143+$212,143 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 |
|---|---|---|---|---|---|---|
★ 24400 S. San Luis Avenue Subject | $3,850,000* List Price | 4 | 3 | 2,533 | $1,604 | - |
A 24418 San Juan Road Sold | $4,225,000 | 3 | 3 | 2,244 | $1,883 | 0.2 mi |
B 24584 Castro Lane Sold | $3,150,000 | 3 | 2 | 1,982 | $1,589 | 0.3 mi |
C 24694 Dolores Street Active | $2,980,000 List Price | 3 | 4 | 2,500 | $1,192 | 0.3 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 1952, the home has undergone significant renovations that appear to be in the 10-15 year range. The kitchen features modern stainless steel appliances and updated cabinetry, and the primary suite includes a contemporary spa-like bath. The property is well-maintained, functional, and move-in ready.
PROSSTRENGTHS & OPPORTUNITIES
- Great Schools
Elementary School: Carmel River Elementary School (9/10). High School: Carmel High School (9/10).
- Spectacular Coastal Views
The property offers rare, panoramic vistas of the Pacific Ocean, Point Lobos, and sandy beaches, showcased through expansive walls of glass and a wraparound deck.
- Unique Architectural Heritage
Inspired by the South of France and formerly home to renowned Carmel artists, the residence features exceptional character with hand-finished cement, vaulted ceilings, and a tranquil European-style courtyard.
CONSRISKS & DEFICIENCIES
- MLS Listing Discrepancy
Living area discrepancy between mls listing and other public or private record. mls listing living area = 2533, other record living area = 2565. Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 4, other record bedroom count = 3.
- Vintage Infrastructure
Built in 1952, the property may require significant capital investment to modernize aging systems or structural elements to meet contemporary luxury standards.
- Bathroom-to-Bedroom Ratio
With four bedrooms but only 2.5 bathrooms, the layout may be perceived as underserviced for a luxury residence at this price point, potentially necessitating a remodel.
About 24400 S. San Luis Avenue
Inspired by the timeless elegance of the South of France, this distinctive 4 bedroom, 2.5 bath home blends European charm with breathtaking California coastal beauty. Thoughtfully crafted with natural wood, hand-finished cement, vaulted ceilings, and walls of glass, the 2,565 sq. ft. residence is filled with warmth, character, and abundant natural light. A welcoming European-style courtyard with a tranquil fountain creates a memorable arrival. Panoramic views of the Pacific Ocean, Point Lobos, sandy beaches, and surrounding mountains are showcased from the living room, dining area, and spacious primary suite, all with access to an expansive wraparound deck. The living room features a fireplace, while the primary suite offers a spa-like ensuite with an oversized soaking tub, separate shower and walk-in closet. An additional 800 sq. ft. of storage provides exceptional flexibility. Formerly the home of two well-known Carmel artists, this property is an inspiration, a rare blend of architectural character, artistic heritage, and spectacular coastal scenery.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1952
- Lot Size
- 9,300 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
Carmel Unified Schools
Monte Vista
Grades K-5 • 1.5 mi
5/10
Carmel River Elementary School
Grades K-5 • 1.8 mi
9/10
Walter Colton
Grades 6-8 • 1.7 mi
3/10
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 4.0 | 3.0 |
| Baths | 3.0 | 2.8 |
| Square foot | 2,533 | 2,079.133 |
| Lot Size | 9,300 | 12,775.833 |
| Price | $3.85M | $3.23M |
| Price per sq ft | $1.5K | $1.5K |
| Built year | 1952 | 1976 |
| HOA | $0 | $3.0K |
| Days on market | 33 | 74 |
Pricing History
Listed for Sale
Aug 7, 2026
$3,850,000
Initial Listing
Sold
Sep 23, 1998
$875,000
Public Record
Sold
Jul 15, 1998
$979,000
Public Record