28094 Barn Way, Carmel, California 93923, Carmel, 93923 - 3 bed, 3 bath
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28094 Barn Way
Carmel, California 93923
ACTIVE
CONDITION: FAIR
3Beds
3Baths
2,400Sq Ft
4,791Lot Size
Property Price
LIST PRICE$2,550,000
EST. MARKET VALUE
$2,108,718
20% AboveMARKET VALUE
SUMMARY
This Carmel Valley Ranch Townhouse represents a High-Potential Investment Opportunity, listed at $2,550,000—positioned well above the $2,108,719 Fair Market Value by -20%. While the current list price exceeds the estimated value, the property offers a Fair Condition Rating with significant potential for modernization. Featuring dual primary suites, tranquil river views, and a private cul-de-sac location, this residence provides a resort-style lifestyle. It is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking a prestigious Carmel address with long-term appreciation potential.
Estimated Market Value
$2,108,718
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 |
|---|---|---|---|---|---|---|
★ 28094 Barn Way Subject | $2,550,000* List Price | 3 | 3 | 2,400 | $879 | - |
A 28015 Quail Court Sold | $2,099,000 | 3 | 3 | 2,552 | $822 | 0.2 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 2000, the property is 26 years old and retains original finishes. While well-maintained, the bathroom cabinetry, tile work, and lighting are dated and consistent with the year of construction, placing it in the Fair category based on age and the need for modern updates.
PROSSTRENGTHS & OPPORTUNITIES
- Prime Resort Location
Situated at the end of a private cul-de-sac within the gated Carmel Valley Ranch, offering walking access to world-class amenities like the Clubhouse and River Ranch.
- Dual Primary Suites
The floor plan features two luxurious primary suites—one on the main level and one upstairs—providing exceptional flexibility for guests or long-term aging in place.
- Exceptional Views & Setting
The property boasts tranquil views of the Carmel River, lush greenbelts, and the 16th green, complemented by mature landscaping and seamless indoor-outdoor living spaces.
CONSRISKS & DEFICIENCIES
- MLS Listing Discrepancy
Living area discrepancy between mls listing and other public or private record. mls listing living area = 2400, other record living area = 2480.
- High Monthly HOA Fees
The association fee of $917 per month represents a significant recurring cost that may impact the overall affordability for some prospective buyers.
- Townhouse Ownership
As a townhouse rather than a detached single-family residence, the property involves shared walls and association restrictions which may limit buyer autonomy at this price point.
About 28094 Barn Way
Discover one of the most private and coveted settings within the prestigious gated community of Carmel Valley Ranch. Tucked away at the end of a peaceful cul-de-sac, this timeless 3-bedroom, 3-bath residence blends classic architecture with effortless indoor-outdoor living. A thoughtfully designed floor plan offers two luxurious primary suites, one on the main level and another upstairs, creating exceptional comfort and flexibility for family and guests. Sunlight pours through the home, illuminating inviting living spaces that open to expansive, secluded patios surrounded by mature landscaping. Relax to tranquil views of the Carmel River and lush greenbelt while enjoying the serenity that defines this remarkable location. Just a short walk to the 16th green, the Clubhouse, River Ranch, and the world-class Carmel Valley Ranch Resort, the home offers an unmatched blend of privacy, convenience, and resort-style living. Complete with an oversized two-car garage and abundant storage, this is a rare opportunity to experience one of Carmel Valley Ranchs most desirable homes in an extraordinary setting.
Property Details
Public Facts
- Property Type
- Townhouse
- Year Built
- 2000
- Lot Size
- 4,791 Sq. Ft.
Interior
- Total Bedrooms
- 3
- Total Bathrooms
- 3 (3 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $917.0 / Month
Neighborhood Insights
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 3.0 |
| Baths | 3.0 | 3.5 |
| Square foot | 2,400 | 2,448.5 |
| Lot Size | 4,791 | 4,505 |
| Price | $2.55M | $1.78M |
| Price per sq ft | $1.1K | $805 |
| Built year | 2000 | 1981 |
| HOA | $917.0 | $848 |
| Days on market | 39 | 141 |
Pricing History
Listed for Sale
Aug 1, 2026
$2,550,000
Initial Listing
Sold
Jul 31, 2013
$1,245,000
Public Record
Sold
Sep 4, 2003
$1,040,000
Public Record