24613 Upper Trail, Carmel, California 93923, Carmel, 93923 - 3 bed, 2 bath
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24613 Upper Trail
Carmel, California 93923
ACTIVE
CONDITION: FAIR
3Beds
2Baths
2,195Sq Ft
8,941Lot Size
Property Price
LIST PRICE$2,895,000
EST. MARKET VALUE
$2,978,883
SUMMARY
This 1931 Spanish-style residence presents a High-Potential Investment Opportunity with a List Price of $2,895,000—positioned well below the $2,978,883 Fair Market Value by 2%. This valuation gap offers $83,883 in Instant Equity. Featuring a Condition Rating of 4, the home retains authentic Historic Spanish Character and Exceptional Outdoor Living spaces, though it requires modernization to meet contemporary standards. Located in the Carmel Unified school district, this property is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking a legacy property.
Estimated Market Value
$2,978,883
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 |
|---|---|---|---|---|---|---|
★ 24613 Upper Trail Subject 3 bd · 2 ba · 2,195 sqft · $1,357 | $2,895,000* List Price | 3 | 2 | 2,195 | $1,357 | - |
A 24400 S. San Luis Avenue Active 4 bd · 3 ba · 2,533 sqft · $1,263 · 0.3 mi | $3,200,000 List Price | 4 | 3 | 2,533 | $1,263 | 0.3 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Fair
TeardownExcellent
Property is moderate renovation needed.
Built in 1931 and on the market for the first time in 50 years, the home is well-maintained but dated. The kitchen and built-ins reflect a renovation style likely from the 1980s (oak cabinets, tile countertops), and while the 'old-Carmel' character is preserved, the property requires updates to finishes and likely aging systems to meet modern standards.
PROSSTRENGTHS & OPPORTUNITIES
- High Available Lot Utilization
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 8941, living area = 2195.
- Historic Spanish Character
This 1931 Spanish-style residence features rare architectural integrity, including handcrafted custom interior doors and authentic 'old-Carmel' charm that is difficult to replicate in modern builds.
- Exceptional Outdoor Living
The property boasts mature, lush landscaping with multiple intimate garden seating areas, offering a private and serene indoor-outdoor lifestyle synonymous with the Carmel coastal climate.
CONSRISKS & DEFICIENCIES
- MLS Listing Discrepancy
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =8941, other record lot size in square feet = 10606. Living area discrepancy between mls listing and other public or private record. mls listing living area = 2195, other record living area = 2146. Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 3, other record bedroom count = 4.
- Potential Modernization Needs
Given the home's 1931 construction and 50-year tenure of ownership, buyers may need to budget for updates to mechanical systems or interior finishes to align with modern luxury standards.
- Limited Bathroom Ratio
The 3-bedroom, 2-bathroom configuration may be considered a drawback for buyers at the nearly $3 million price point who expect a higher ratio of bathrooms to bedrooms.
About 24613 Upper Trail
A rare offering of old-Carmel character, privacy, and garden-filled indoor-outdoor living this 2,195 square-foot, 1931 Spanish-style home is on the market for the first time in over 50 years. Inside, the home is filled with warmth and architectural personality. A beautiful living room provides an inviting gathering space, while custom interior doors add a distinctive handcrafted quality rarely found in newer homes. The family room offers a more relaxed setting for everyday living, entertaining, or simply enjoying the peaceful surroundings. The primary bedroom suite, is a particularly special retreat, thoughtfully designed to create a quiet escape. Throughout the residence, classic Spanish-inspired details blend naturally with the relaxed elegance that makes Carmel living truly distinctive. Outside, the property truly comes alive. Mature landscaping, with multiple intimate seating areas tucked throughout the gardens-perfect for morning coffee, an afternoon glass of wine, entertaining friends, or enjoying the gentle beauty of Carmel's coastal climate. There is something wonderfully timeless about this home. It feels private and established, and deeply connected to the beauty of Carmel.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1931
- Lot Size
- 8,941 Sq. Ft.
Interior
- Total Bedrooms
- 3
- Total Bathrooms
- 2 (2 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 3.0 |
| Baths | 2.0 | 2.8 |
| Square foot | 2,195 | 2,111.641 |
| Lot Size | 8,941 | 12,541.641 |
| Price | $2.90M | $3.11M |
| Price per sq ft | $1.3K | $1.4K |
| Built year | 1931 | 1972 |
| HOA | $0 | $2.2K |
| Days on market | 7 | 81 |
Pricing History
Listed for Sale
Oct 17, 2026
$2,895,000
Initial Listing