
Carmel, California 93923
This property presents a High-Potential Investment Opportunity with a List Price of $1,500,000—positioned well above the $1,434,891 Fair Market Value by -4%. While the home requires significant modernization due to its Condition Rating of 5, the expansive 10,454 sqft corner lot and Mountain Views offer substantial long-term value. Located in the Carmel Unified School District with access to 9/10 rated schools, this is a strategic acquisition for Value-Add Investors or Owner-Occupants seeking to renovate a classic Carmel residence.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 25990 S Carmel Hills Drive Subject 3 bd · 2 ba · 1,700 sqft · $821 | $1,399,000* List Price | 3 | 2 | 1,700 | $821 | - |
A 25636 Morse Drive Sold 3 bd · 2 ba · 1,726 sqft · $965 · 0.3 mi | $1,665,000 | 3 | 2 | 1,726 | $965 | 0.3 mi |
B 25655 Ryan Place Sold 3 bd · 2 ba · 1,864 sqft · $770 · 0.4 mi | $1,435,000 | 3 | 2 | 1,864 | $770 | 0.4 mi |
C 3150 Sycamore Place Active 3 bd · 2 ba · 1,470 sqft · $949 · 0.6 mi | $1,395,000 List Price | 3 | 2 | 1,470 | $949 | 0.6 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
Built in 1958 and preserved in original condition for over 65 years, the property is significantly dated. While meticulously maintained, the kitchen, bathrooms, and core systems (HVAC/Electric) are well beyond their functional lifespans and 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 = 10454, living area = 1700.
Elementary School: Carmel River Elementary School (9/10). High School: Carmel High School (9/10).
Situated in the highly-rated Carmel Unified School District and within walking distance to Carmel Rancho Shopping Center and The Barnyard, this home offers exceptional convenience and long-term value.
Preserved in its original 1958 condition, the home will require a significant capital investment for modern upgrades to the kitchen, bathrooms, and overall finishes.
With 53 days on market and a recent price reduction, the property may be facing buyer resistance regarding the total cost of acquisition plus necessary renovations.
Situated on a corner lot in Carmel, this meticulously maintained home offers comfortable living along side valley and mountain views. Preserved in its original condition, the home reflects pride of ownership and provides a solid foundation for its new owners. The single-level floor plan features 3 bedrooms and 2 bathrooms, with a welcoming living room centered around a brick fireplace. A galley kitchen connects to the dining area, where mountain and valley vistas provide a picturesque backdrop for everyday meals and gatherings. A detached two-car garage and plenty of outdoor space ready for gardening exploration, or simply to relax and enjoy. Easy access to Carmel Rancho Shopping Center, The Barnyard and lovely downtown Carmel-by-the-Sea. So come and see what life could be like from this adorable Carmel charmer. Its been owner committed and kindly cared for by the same Carmel family for well over 65 years!
No exterior & parking available.
Grades K-5 • 0.9 mi
Grades 6-8 • 0.7 mi
Grades 9-12 • 0.5 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 3.0 |
| Baths | 2.0 | 2.8 |
| Square foot | 1,700 | 2,111.641 |
| Lot Size | 10,454 | 12,541.641 |
| Price | $1.40M | $3.11M |
| Price per sq ft | $823 | $1.4K |
| Built year | 1958 | 1972 |
| HOA | $0 | $2.2K |
| Days on market | 93 | 81 |
Oct 21, 2026
$1,399,000
$1,450,000
-4% Price Drop
Initial Listing
Sep 29, 2026
$1,450,000
$1,500,000
-3% Price Drop
Initial Listing
Sep 9, 2026
$1,500,000
$1,599,000
-6% Price Drop
Initial Listing
Jul 23, 2026
$1,599,000
Initial Listing