26346 River Park Place, Carmel, California 93923, Carmel, 93923 - 3 bed, 2 bath
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Carmel, California 93923
This Prime Investment Opportunity is listed at $2,995,000, positioned well below the $3,082,152 Fair Market Value by 2%. This valuation gap offers $87,152 in Instant Equity. Featuring a Condition Rating of 4, the home provides a solid foundation for modernization. Located in the Carmel Unified School District with access to 9/10 rated schools, this property offers an oversized 6,000 sq. ft. lot and serene hill views. It is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking to build long-term value.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 26346 River Park Place Subject | $2,995,000* List Price | 3 | 2 | 1,875 | $1,644 | - |
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 2830 14th Avenue Sold | $3,100,000 | 3 | 3 | 2,467 | $1,257 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1960 and impeccably maintained, the home is move-in ready but features a dated kitchen with 1980s/90s-style cabinetry and older white appliances. While the structure is solid and freshly painted, the interior finishes and systems are likely over 30 years old, requiring modernization to meet current standards.
Elementary School: Carmel River Elementary School (9/10). High School: Carmel High School (9/10).
Situated at the end of a quiet cul-de-sac, this property offers an exceptional walkable lifestyle just moments from Carmel River Beach, the Bird Sanctuary, and Mission Ranch.
The 6,000 sq. ft. oversized lot and 1,875 sq. ft. interior provide significantly more space, privacy, and tranquility than the standard Carmel cottage.
Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 3, other record bedroom count = 4.
Built in 1960, the home is positioned as a 'canvas for updates,' suggesting that buyers will likely need to invest additional capital to modernize the interior finishes and systems.
With a list price near $3 million, the property commands a significant premium for its location despite the potential need for extensive renovations to meet contemporary luxury standards.
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.
No exterior & parking available.
Grades K-5 • 0.1 mi
Grades 6-8 • 1.7 mi
Grades 9-12 • 1.3 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 3.0 |
| Baths | 2.0 | 2.5 |
| Square foot | 1,875 | 1,978 |
| Lot Size | 6,000 | 5,500 |
| Price | $3.00M | $3.29M |
| Price per sq ft | $1.6K | $1.6K |
| Built year | 1960 | 1969 |
| HOA | $0 | $3.0K |
| Days on market | 5 | 73 |
Jul 17, 2026
$2,995,000
Initial Listing