
Carmel Valley, California 93923
Analysis of 26655 Pancho Way, Carmel Valley, California 93923 is currently available with a list price of $1,995,000. The property maintains a Tear down Condition Rating (10/100), reflecting significant deferred maintenance. This property is best suited for experienced investors or developers prepared for substantial renovation work. Located in a high-demand neighborhood within the Carmel Valley Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for Experienced Investors and Fix-and-Flip Specialists.
Property is land value only, full reconstruction required.
Built in 1958 (>50 years old) with no evidence of significant renovation. The listing description focuses on the 'rare, level acre' and 'vision,' suggesting land value. Interior photos show original wood ceilings, dated flooring, and a bathroom in poor condition with significant wear and outdated fixtures.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 43993, living area = 2305.
High School: Carmel High School (9/10).
The property features a rare, flat one-acre lot on a private cul-de-sac, providing a unique and expansive canvas for development in the highly sought-after Brookdale neighborhood.
Built in 1958, the existing residence likely requires substantial updates or a complete rebuild to meet modern luxury standards, adding to the total investment cost.
At a list price of nearly $2 million for a property needing 'vision,' the cost of acquisition plus renovation represents a significant financial commitment for potential developers.
Bring your vision to this rare, level acre in Carmels highly sought-after Brookdale neighborhood. Set on a private cul-de-sac along one of the areas most desirable streets, the property offers the relaxed atmosphere of Carmel Valley while remaining remarkably close to town. A circular driveway leads to the existing single-level residence, with an expansive, park-like setting beyond. With numerous possibilities and the potential to reactivate an existing well, this is an increasingly rare opportunity to create something exceptional in one of Carmels most coveted locations.
No exterior & parking available.
Grades K-5 • 7.9 mi
Grades 6-8 • 1.9 mi
Grades 9-12 • 1.9 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 3.0 |
| Baths | 2.0 | 2.8 |
| Square foot | 2,305 | 2,079.133 |
| Lot Size | 43,993 | 12,775.833 |
| Price | $2.00M | $3.23M |
| Price per sq ft | $866 | $1.5K |
| Built year | 1958 | 1976 |
| HOA | $0 | $3.0K |
| Days on market | 14 | 74 |
Aug 26, 2026
$1,995,000
Initial Listing