3035 Ribera Road, Carmel, California 93923, Carmel, 93923 - 4 bed, 2 bath
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3035 Ribera Road
Carmel, California 93923
ACTIVE
CONDITION: EXCELLENT
4Beds
2Baths
2,010Sq Ft
7,841Lot Size
Property Price
LIST PRICE$2,298,000
EST. MARKET VALUE
$2,374,478
3% BelowMARKET VALUE
SUMMARY
This Single Family Residence represents a High-Potential Investment Opportunity, listed at $2,298,000—positioned well below the $2,374,478 Fair Market Value by 3%. This valuation gap offers $76,478 in Instant Equity. Featuring a Mint Condition Rating, the home includes modern upgrades like owned solar panels and a Tesla Powerwall. Located in the Carmel Unified School District with top-rated schools, this property is ideal for Buy-and-Hold Investors seeking rental income or Owner-Occupants desiring a turnkey coastal sanctuary.
Estimated Market Value
$2,374,478+$76,478 Equity Potential
Based on Realkey algorithm analyzing recent comparable sales in Carmel.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Excellent
TeardownExcellent
Property is new construction or fully renovated.
Although built in 1968, the property has undergone significant modern renovations. The kitchen features contemporary cabinetry, stone countertops, and stainless steel appliances, while the bathrooms have been updated with modern vanities and finishes. The home includes high-end modern systems such as owned solar panels and a Tesla Powerwall battery backup, placing it in mint, move-in-ready condition.
PROSSTRENGTHS & OPPORTUNITIES
- Great Schools
Elementary School: Carmel River Elementary School (9/10). High School: Carmel High School (9/10).
- Prime Coastal Location
Situated in the desirable Carmel Meadows, the property offers walking access to Ribera Beach and scenic trails, complemented by views of the Carmel River Lagoon and Santa Lucia Mountains.
- Short-Term Rental Potential
The property is in the final stages of county approval for a rare short-term rental permit, providing a significant opportunity for substantial investment income in a highly restricted market.
CONSRISKS & DEFICIENCIES
- MLS Listing Discrepancy
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =7841, other record lot size in square feet = 7677.
- Dated Structural Age
Built in 1968, the home may require additional capital investment for modernizing core systems or aesthetic elements to compete with newer luxury builds in the area.
- Compact Interior Layout
With four bedrooms distributed across approximately 2,010 square feet, the individual room sizes and overall floor plan may feel constrained for buyers seeking expansive living spaces.
About 3035 Ribera Road
Experience the ease of coastal living in Carmel Meadows, where serene views of the Carmel River Lagoon and Santa Lucia Mountains complement a setting just a short stroll from Ribera Beach and coastal trails. This inviting four-bedroom, two-and-a-half-bath residence offers approximately 2,010 square feet, with separate living and family rooms and expansive windows framing the natural surroundings. Multiple decks and a generous hot tub accommodating ten or more invite outdoor dining, quiet mornings, and relaxing evenings. Owned solar, a Tesla Powerwall, smart shades, California Closets storage, and ample driveway parking provide thoughtful everyday comforts. Located within the Carmel Unified School District, the home offers convenient access to shopping, Carmels celebrated dining and galleries, Point Lobos, Big Sur, Pebble Beach golf, and the charm of Pacific Grove. Per seller, a rare short-term rental permit is in the final stages of county approval, presenting the potential for a coastal retreat with rental income. Buyer to verify permit status and rental eligibility.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1968
- Lot Size
- 7,841 Sq. Ft.
Interior
- Total Bedrooms
- 4
- 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 • 1.0 mi
9/10
Carmel Middle School
Grades 6-8 • 1.6 mi
8/10
Carmel High School
Grades 9-12 • 1.8 mi
9/10
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 4.0 | 3.0 |
| Baths | 2.0 | 2.8 |
| Square foot | 2,010 | 2,111.641 |
| Lot Size | 7,841 | 12,541.641 |
| Price | $2.30M | $3.11M |
| Price per sq ft | $1.1K | $1.4K |
| Built year | 1968 | 1972 |
| HOA | $0 | $2.2K |
| Days on market | 5 | 81 |
Pricing History
Listed for Sale
Oct 19, 2026
$2,298,000
Initial Listing
Sold
Sep 4, 2024
$2,400,000
Public Record
Sold
Mar 16, 2017
$1,225,000
Public Record