
Carmel, California 93923
Analysis of 31475 Highway 1, Carmel, California 93923 is currently available with a list price of $8,500,000. The property maintains a Fair Condition Rating (50/100), suggesting the property is in acceptable condition with potential for value enhancement through selective updates and improvements. Located in a high-demand neighborhood within the Carmel Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for both Buy-and-Hold Investors and Owner-Occupants willing to undertake light renovation work.
Property is moderate renovation needed.
Built in 2000, the property is approximately 24-26 years old with no mentioned renovations. While the structure is grand and well-maintained, the listing explicitly describes it as a 'canvas to elevate' and 'priced below renovated comps,' indicating that the kitchen, baths, and interior finishes are dated and require modernization to meet current luxury standards.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 259618, living area = 6923.
Situated in a gated enclave of only five homes on 460 acres, the property offers unparalleled privacy and permanent protection from future development due to its proximity to state coastal conservancy land.
The 6,900 SF residence features vaulted open-beam ceilings and walls of glass that capture panoramic whitewater Pacific and Santa Lucia mountain views from nearly every room.
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =259618, other record lot size in square feet = 216057.
With a substantial association fee of $5,000 and the extensive maintenance requirements of a large 6-acre coastal estate, ongoing ownership expenses are significant.
Built in 2000 and marketed as a 'canvas to elevate,' the home may require additional capital investment to bring its finishes and systems up to current ultra-luxury market standards.
Highway 1 - Some coastline you buy this you inherit. Named for the 1860s Azorean whaler whose family settled this ridge, Victorine Ranch is a gated enclave of just five homes on 460 acres of Carmel Highlands coast. Showcasing 100 protected acres of open space California state coastal conservancy. Whitewater Pacific to the west, the Santa Lucia range to the east, and a coastal cypress grove moss-draped and backlit at golden hour framing the ocean off the primary suite. Wrapped by Point Lobos, Garrapata, and permanently protected open space, this setting will never change: Big Sur seclusion, ten minutes from Carmel. The 6,900 SF residence offers four bedrooms, ocean views from nearly every room, vaulted open beam ceilings, walls of glass, a ground-floor primary, theater, wine cellar, sauna, and guest studio. Stunning as it stands or a rare canvas to elevate; renderings available. At roughly $1,225/SF, this is irreplaceable protected oceanfront priced below renovated comps, with the upside yours to capture. Land like this doesn't come back.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 4.0 | 3.0 |
| Baths | 6.0 | 2.5 |
| Square foot | 6,923 | 1,978 |
| Lot Size | 259,618 | 5,500 |
| Price | $8.50M | $3.29M |
| Price per sq ft | $1.2K | $1.6K |
| Built year | 2000 | 1969 |
| HOA | $5000.0 | $3.0K |
| Days on market | 21 | 73 |
Jul 1, 2026
$8,500,000
Initial Listing