
Carmel, California 93923
This Value-Add Residential Estate is listed at $1,995,000, positioned above the $1,599,901 Fair Market Value to reflect its rare land utility. Carrying a Condition Rating of 5, the 1988-built home requires a full-scale interior modernization to meet the standards of the local luxury market. The expansive 1.02-acre usable lot, wooded canyon views, and versatile guest suite provide the necessary footprint for significant forced appreciation. Ideally located within the Carmel Unified School District near Carmel High School, this property is a strategic acquisition for Fix-and-Flip Investors or Owner-Occupants ready to capitalize on Carmel’s limited inventory.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 25580 Chiquito Pl Subject | $1,995,000* List Price | 4 | 4 | 2,114 | $757 | - |
A 24940 Outlook Drive Sold | $1,700,000 | 3 | 2 | 2,188 | $777 | 0.7 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
The property is 36 years old (built 1988) and remains in original condition. The kitchen and bathrooms feature dated blue tile countertops, original oak cabinetry, and older appliances that require a full rehab to meet modern standards.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 44431, living area = 2114.
Elementary School: Carmel River Elementary School (9/10). High School: Carmel High School (9/10).
The property features a rare 1.02-acre usable lot in Carmel, offering exceptional privacy and significant potential for outdoor retreats, gardens, or future expansion.
Built in 1988 and described as a 'blank canvas,' the interior likely requires cosmetic or structural updates to meet the expectations of modern luxury buyers in the Carmel market.
With only 2,114 square feet distributed across four bedrooms, the individual living areas may feel constrained compared to the expansive size of the surrounding lot.
Tucked away on a serene and private 1.02-acre lot, 25580 Chiquito Place presents a rare opportunity to own a truly special property in beautiful Carmel—where space, flexibility, and potential come together in a way that’s increasingly hard to find. Lovingly held by one owner, this property offers a sense of pride of ownership and a blank canvas for its next chapter. The main residence features 3 bedrooms and 2.5 bathrooms, thoughtfully laid out for comfortable everyday living, while an attached guest suite with its own private entrance, bedroom, and full bathroom creates the perfect setup for extended family, guests, a home office, or potential income opportunities. Set back from the street, the property is defined by its exceptional privacy and expansive grounds—a full acre of usable land that invites endless possibilities. Whether you envision creating a resort-style outdoor retreat, adding gardens, entertaining spaces, or exploring future expansion, this property offers the space and setting to bring your vision to life. A detached two-car garage adds further functionality and flexibility, complementing the home’s versatile layout. Opportunities like this—combining acreage, privacy, and a flexible floor plan in Carmel—are few and far between. Whether you’re looking to move right in, thoughtfully update, or create something entirely your own, 2558 Chiquito Place is a property with both immediate comfort and long-term potential.
No exterior & parking available.
Grades K-5 • 1.4 mi
Grades K-5 • 10.3 mi
Grades 6-8 • 0.7 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 4.0 | 3.0 | 65% |
| Baths | 4.0 | 3.0 | 67% |
| Square foot | 2,114 | 2,403 | 37% |
| Lot Size | 44,431 | 9,333 | 71% |
| Price | $2.00M | $3.00M | 22% |
| Price per sq ft | $944 | $1.3K | 27% |
| Built year | 1988 | 1971 | 75% |
| HOA | $0 | $0 | 50% |
| Days on market | 45 | 192 | 2% |
Apr 29, 2026
$1,995,000
Initial Listing
Sep 29, 1995
$482,000
Public Record