
Carmel, California 93923
This property presents a High-Potential Investment Opportunity with a List Price of $1,599,000—positioned slightly above the $1,556,783 Fair Market Value. While the home maintains a Condition Rating of 5, its 10,454 sqft corner lot and prime location within the Carmel Unified School District—featuring Top-Rated Schools like Carmel High (9/10)—provide a solid foundation for value-add renovations. The original 1958 interiors offer a blank canvas for modernization. This is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking to build long-term equity through strategic updates.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 25990 S Carmel Hills Drive Subject | $1,599,000* List Price | 3 | 2 | 1,700 | $916 | - |
A 25664 Carmel Knolls Drive Sold | $1,679,000 | 3 | 2 | 1,767 | $950 | 0.4 mi |
B 25636 Morse Drive Active | $1,750,000 List Price | 3 | 2 | 1,726 | $1,014 | 0.3 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. While the home is meticulously maintained and livable, the kitchen, bathrooms, and wood-paneled interiors are severely dated. Per the criteria, a property over 30 years old without renovations requires a full rehab to update systems and finishes to 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).
Ideally situated near Carmel Rancho and downtown Carmel-by-the-Sea, the property falls within the prestigious Carmel Unified School District with top-rated schools like Carmel High (9/10) and Carmel River Elementary (9/10).
While well-maintained, the home is preserved in its 1958 original condition, likely requiring a substantial budget for modernizing the kitchen, bathrooms, and mechanical systems.
The current galley-style kitchen is narrow and separated from the main living areas, which may feel restrictive to buyers preferring a modern, open-concept floor plan for entertaining.
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 | 2,079.133 |
| Lot Size | 10,454 | 12,775.833 |
| Price | $1.60M | $3.23M |
| Price per sq ft | $941 | $1.5K |
| Built year | 1958 | 1976 |
| HOA | $0 | $3.0K |
| Days on market | 48 | 74 |
Jul 23, 2026
$1,599,000
Initial Listing