
Carmel, California 93923
This Historic Carmel Estate, known as "The Stone House," is a rare architectural landmark listed at $4,595,000. While the $3,940,801 Fair Market Value reflects standard area metrics, the property’s Fair Condition Rating is balanced by its unique Short-Term Rental Potential and authentic Carmel stone craftsmanship. Featuring a remodeled marble kitchen, a 550 sq.ft. guest cottage, and a private stone patio, this coastal sanctuary is situated within the Carmel Unified district near Top-Rated Schools like Carmel River Elementary (9/10). This legacy asset is perfectly suited for Lifestyle-Oriented Buyers or Preservation-Minded Investors.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 25286 Hatton Road Subject | $4,595,000* List Price | 5 | 5 | 2,780 | $1,418 | - |
A 24497 San Mateo Avenue Sold | $4,000,000 | 3 | 3 | 2,596 | $1,541 | 0.8 mi |
B 24694 Dolores Street Active | $3,399,000 List Price | 3 | 4 | 2,500 | $1,360 | 0.8 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1932, this historic property shows a mix of conditions. While the kitchen has been remodeled with marble countertops and stainless steel appliances (likely 10-15 years ago), the bathrooms are significantly dated, featuring older pedestal sinks, wallpaper, and vanities consistent with a 20-30 year old renovation. The original 1932 systems and windows likely require updates to meet modern efficiency standards, fitting the 'Fair' criteria for a well-maintained but dated home needing interior refreshes.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 11583, living area = 2780.
Elementary School: Carmel River Elementary School (9/10). High School: Carmel High School (9/10).
Known as 'The Stone House,' this 1932 masterpiece by architect A. Nastrovic features authentic Carmel stone, vaulted ceilings, and original hardwood floors, offering a level of character and craftsmanship rarely found in modern builds.
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =11583, other record lot size in square feet = 11400. Living area discrepancy between mls listing and other public or private record. mls listing living area = 2780, other record living area = 2520. Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 5, other record bedroom count = 3.
The property's convenient proximity to Highway 1 and Carmel High School may result in increased ambient noise and traffic congestion during peak school hours and tourist seasons.
While the kitchen is remodeled, a home of this vintage (1932) typically requires ongoing specialized maintenance for its stone exterior, plaster finishes, and older infrastructure to maintain its historic integrity.
This classic Carmel charmer, known as "The Stone House," was built in 1932 by Russian architect A. Nastrovic, celebrated for his Moscow monuments. Its Carmel stone exterior, mission-tile roof, coved plaster ceilings, vaulted living-room ceiling, and original hardwood floors reflect timeless local craftsmanship with Spanish and Mediterranean accents. The spacious primary suite and main living areas are on the ground level, with an additional bedroom and bath upstairs. The remodeled kitchen features marble counters. A detached 550 sq.ft. guest cottage offers a fireplace, kitchenette, and bath. The home, exterior walls, and backyard courtyard are finished with signature Carmel stone, and the basement provides storage or potential wine-cellar use. Located in the Coastal Zone of unincorporated Monterey County, it may be eligible for a short-term/vacation rental permit. Conveniently close to Carmel High, Highway 1 and downtown Carmel-by-the-Sea.
No exterior & parking available.
Grades K-5 • 1.1 mi
Grades 6-8 • 1.3 mi
Grades 9-12 • 0.2 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 5.0 | 3.0 | 90% |
| Baths | 5.0 | 3.0 | 86% |
| Square foot | 2,780 | 2,327 | 72% |
| Lot Size | 11,583 | 10,840 | 52% |
| Price | $4.59M | $2.94M | 82% |
| Price per sq ft | $1.7K | $1.2K | 76% |
| Built year | 1932 | 1971 | 4% |
| HOA | $0 | $0 | 50% |
| Days on market | 2 | 186 | 2% |
Apr 20, 2026
$4,595,000
Initial Listing
Jul 12, 2007
$1,500,000
Public Record