26346 River Park Place, Carmel, California 93923, Carmel, 93923 - 3 bed, 2 bath
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26346 River Park Place
Carmel, California 93923
ACTIVE UNDER CONTRACT
CONDITION: FAIR
3Beds
2Baths
1,875Sq Ft
6,000Lot Size
Property Price
LIST PRICE$2,995,000
EST. MARKET VALUE
$3,167,352
5% BelowMARKET VALUE
SUMMARY
This Single Family Residence presents a Strong Value Opportunity, listed at $2,995,000—positioned well below the $3,167,352 Fair Market Value by 5%. This valuation gap offers $172,352 in Instant Equity for buyers. With a Condition Rating of 4, the home is move-in ready but offers significant potential for modernization. Featuring an oversized 6,000 sq. ft. lot, vaulted ceilings, and serene hill views, it is located in the Carmel Unified School District. This is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking a prime coastal lifestyle.
Estimated Market Value
$3,167,352+$172,352 Equity Potential
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 |
|---|---|---|---|---|---|---|
★ 26346 River Park Place Subject | $2,995,000* List Price | 3 | 2 | 1,875 | $1,689 | - |
A Monte Verde & 13th Avenue Sold | $3,800,000 | 3 | 4 | 2,022 | $1,879 | 0.4 mi |
B 26181 Valley View Avenue Sold | $3,110,000 | 3 | 4 | 2,174 | $1,431 | 0.2 mi |
C 0 2nd Ave 2 Ne Of Casanova Street Active | $2,950,000 List Price | 3 | 4 | 2,261 | $1,305 | 0.9 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 1960 with an interior renovation that appears to be approximately 25-35 years old. While the home is impeccably maintained, freshly painted, and move-in ready, the kitchen features dated white laminate cabinetry with wood trim and older white appliances (including an electric coil cooktop). It is functional but requires modernization to meet current luxury standards for the area.
PROSSTRENGTHS & OPPORTUNITIES
- Great Schools
Elementary School: Carmel River Elementary School (9/10). High School: Carmel High School (9/10).
- Prime Coastal Location
Situated on a quiet cul-de-sac, the property offers an exceptional walkable lifestyle with close proximity to Carmel River Beach, the Bird Sanctuary, and Mission Ranch.
- Superior Scale and Light
At nearly 1,900 sq. ft. on an oversized 6,000 sq. ft. lot, this home is significantly larger than typical Carmel cottages and features vaulted ceilings and skylights that maximize natural light.
CONSRISKS & DEFICIENCIES
- MLS Listing Discrepancy
Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 3, other record bedroom count = 4.
- Modernization Required
Built in 1960, the home is described as a 'canvas for personalization,' suggesting that buyers will likely need to invest in significant interior updates to meet modern luxury standards.
- High Entry Price
The nearly $3 million price point is substantial for a 60-year-old residence, potentially limiting the buyer pool to those willing to take on a high-value renovation project.
About 26346 River Park Place
Tucked away at the end of a quiet cul-de-sac, this charming single-level Carmel cottage offers an exceptional opportunity in one of Carmel's most desirable locations. Set on an oversized 6,000 sq. ft. lot, the nearly 1,900 sq. ft. home is larger than many Carmel cottages and enjoys a rare sense of privacy and tranquility. High vaulted ceilings and numerous skylights fill the interior with natural light, while multiple windows frame serene views toward Fish Ranch and surrounding hills. The spacious living areas open to an oversized deck, creating an ideal setting for indoor-outdoor living and entertaining. Just moments from the Bird Sanctuary, Carmel River Beach, Carmel Beach, and Mission Ranch, the home offers an exceptional walkable lifestyle where nature and village charm are always close at hand. Freshly painted and impeccably maintained, the residence is comfortable to enjoy today while presenting an extraordinary canvas for thoughtful updates and personalization. With its solid construction, timeless cottage character, and exceptional setting, this is a rare opportunity to create something truly special in the heart of Carmel.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1960
- Lot Size
- 6,000 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
Carmel Unified Schools
Carmel River Elementary School
Grades K-5 • 0.1 mi
9/10
Carmel Middle School
Grades 6-8 • 1.7 mi
8/10
Carmel High School
Grades 9-12 • 1.3 mi
9/10
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 | 1,875 | 2,079.133 |
| Lot Size | 6,000 | 12,775.833 |
| Price | $3.00M | $3.23M |
| Price per sq ft | $1.6K | $1.5K |
| Built year | 1960 | 1976 |
| HOA | $0 | $3.0K |
| Days on market | 54 | 74 |
Pricing History
Listed for Sale
Jul 17, 2026
$2,995,000
Initial Listing