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$3,200,000
EST. MARKET VALUE
$3,200,000
SUMMARY
This Stunning Coastal Residence is a High-Potential Investment Opportunity, listed at $3,650,000—positioned well below the $3,750,773 Fair Market Value by 2%. This valuation gap offers $100,773 in Instant Equity. Featuring Panoramic Ocean Views, a Wraparound Deck, and a Condition Rating of 3, the home blends European charm with modern updates. Located in the Carmel Unified School District near 9/10 rated schools, it is an ideal acquisition for Owner-Occupants seeking a luxury lifestyle or Buy-and-Hold Investors.
Estimated Market Value
$3,200,000
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 4 bd · 3 ba · 2,533 sqft · $1,263 | $3,200,000* List Price | 4 | 3 | 2,533 | $1,263 | - |
A 24694 Dolores Street Active 3 bd · 4 ba · 2,500 sqft · $1,192 · 0.3 mi | $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.
Originally built in 1952, the property has undergone significant renovations. The interior features modern recessed lighting, skylights, updated flooring, and a described spa-like primary ensuite. It is well-maintained, functional, and move-in ready, though exterior decking shows some typical weathering.
PROSSTRENGTHS & OPPORTUNITIES
- Great Schools
Elementary School: Carmel River Elementary School (9/10). High School: Carmel High School (9/10).
- Panoramic Coastal Views
The property offers breathtaking, unobstructed views of the Pacific Ocean, Point Lobos, and sandy beaches, providing a quintessential California coastal living experience that commands high value.
- Unique Architectural Heritage
Inspired by the South of France and formerly owned by notable Carmel artists, the home features rare European charm, vaulted ceilings, and hand-finished materials that offer distinct character.
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.
- Market Stagnation
A recent $200,000 price reduction after 52 days on the market suggests the property may have been initially overpriced or is facing challenges in the current luxury segment.
- Vintage Infrastructure
Originally built in 1952, the residence may require significant capital investment to modernize core systems and structural elements to meet contemporary luxury standards.
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 | 2,111.641 |
| Lot Size | 9,300 | 12,541.641 |
| Price | $3.20M | $3.11M |
| Price per sq ft | $1.3K | $1.4K |
| Built year | 1952 | 1972 |
| HOA | $0 | $2.2K |
| Days on market | 78 | 81 |
Pricing History
Listed for Sale
Oct 15, 2026
$3,200,000
$3,650,000
-12% Price Drop
Initial Listing
Price Change
Sep 26, 2026
$3,650,000
$3,850,000
-5% Price Drop
Initial Listing
Price Change
Aug 7, 2026
$3,850,000
Initial Listing
Sold
Sep 23, 1998
$875,000
Public Record
Sold
Jul 15, 1998
$979,000
Public Record