27460 Loma Del Rey, Carmel Valley, California 93923, Carmel Valley, 93923 - 4 bed, 3 bath
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Carmel Valley, California 93923
This property presents a High-Potential Investment Opportunity with a List Price of $1,792,000—positioned well below the $1,764,871 Fair Market Value by -1.5%. While the home maintains a Condition Rating of 4, the significant Detached Guest House and Expansive Private Lot offer substantial value-add potential. The eclectic 1970s aesthetic requires modernization, yet the unique architectural character provides a solid foundation for renovation. This property is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking a versatile Carmel Valley retreat with income-generating capabilities.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 27460 Loma Del Rey Subject | $1,695,000* List Price | 4 | 3 | 2,494 | $680 | - |
A 9805 Carmel Valley Road Active | $1,499,000 List Price | 3 | 2 | 2,108 | $711 | 0.6 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
The property is 48 years old (built 1976) and retains most of its original era-specific features, including 1970s orange kitchen tiles and a turquoise sunken tub. While the home appears well-maintained and functional, the kitchen, bathrooms, and interior finishes are significantly dated and require modernization to meet current market standards.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 43560, living area = 2494.
The property features a fully equipped detached guest house with a full kitchen, bedroom, and private deck, providing an excellent opportunity for rental income or a secluded retreat for guests.
Situated on nearly an acre of sun-drenched land, the grounds offer a serene environment with whimsical gardens, pebble paths, a yoga area, and a wraparound deck with a built-in hot tub.
Living area discrepancy between mls listing and other public or private record. mls listing living area = 2494, other record living area = 1817. Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 4, other record bedroom count = 2.
The eclectic interior style, characterized by bright orange kitchen tiles and heavy wood paneling, may require significant updates to appeal to buyers seeking a more modern or neutral palette.
With 99 days on the market and three consecutive price reductions from the original $2.064M list price, the property has struggled to gain traction, suggesting a misalignment with current market expectations.
The moment you arrive, you know this is not like anywhere else you've been. Ivy twists up a warm brick facade, past lace curtains and painted shutters. Built in 1976 and suffused with the organic warmth of that era, this single-level home sits on nearly an acre of sun-drenched land where birdsong and fountain tinkle are the only sounds that reach you. A massive double-sided river rock fireplace anchors a sunken living room where wall-to-wall windows slide open onto a wraparound deck with a built-in hot tub. Keep walking, and find yourself amid gardens of breathtaking whimsy: pebble paths winding through succulents and wildflowers, rust-patinated iron sculptures, and a covered yoga area. Bright orange kitchen tiles, wood paneling, and earth tones create an eclectic yet cohesive interior. Nothing prepares you for the primary bathroom: river rock walls, a sunken turquoise-tiled tub, and a window framing sculptural driftwood. It feels like a grotto. A detached guest house awaits with a full kitchen, family room, dining area, private bedroom, and its own deck. Perfect as a rental income opportunity or a retreat for visiting family. This spectacular property makes you reconsider what a home can be.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 4.0 | 3.0 |
| Baths | 3.0 | 3.0 |
| Square foot | 2,494 | 1,172 |
| Lot Size | 43,560 | 440,392 |
| Price | $1.70M | $1.86M |
| Price per sq ft | $680 | $852 |
| Built year | 1976 | 1984 |
| HOA | $0 | $2.8K |
| Days on market | 118 | 78 |
Jul 15, 2026
$1,695,000
$1,792,000
-5% Price Drop
Initial Listing
May 27, 2026
$1,792,000
$1,849,000
-3% Price Drop
Initial Listing
May 1, 2026
$1,849,000
$1,893,000
-2% Price Drop
Initial Listing
Apr 8, 2026
$1,893,000
$2,064,000
-8% Price Drop
Initial Listing
Mar 26, 2026
$2,064,000
Initial Listing
Jan 30, 1998
$401,000
Public Record