3239 Serra Avenue, Carmel, California 93923, Carmel, 93923 - 3 bed, 2 bath
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Carmel, California 93923
This Spacious Contemporary Home is a Strong Value Opportunity, listed at $1,800,000—positioned well below the $1,900,000 Fair Market Value by 5%. This valuation gap provides $100,000 in Instant Equity. While maintaining a Condition Score of 4, the 1987 build offers significant upside through cosmetic modernization. Residents enjoy vaulted wood ceilings, ocean peaks, and access to the elite Carmel Unified School District. This is a strategic acquisition for Owner-Occupants seeking forced appreciation or Buy-and-Hold Investors targeting a premier coastal market.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 3239 Serra Avenue Subject | $1,800,000* List Price | 3 | 2 | 1,702 | $1,116 | - |
A 24703 Camino Del Monte Sold | $1,425,000 | 3 | 2 | 1,154 | $1,235 | 0.2 mi |
B 0 Se Corner Of Guadalupe & 3rd Sold | $1,840,500 | 4 | 3 | 1,636 | $1,125 | 0.5 mi |
C 0 Se 4th Avenue Active | $1,898,000 List Price | 2 | 2 | 1,490 | $1,274 | 0.6 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
The property was built in 1987 (37 years old) and appears to be in original condition. While well-maintained and functional, the kitchen and bathrooms feature dated 1980s-era tile countertops and oak cabinetry. The 'first time on market' status suggests original systems (HVAC/Electric). It is move-in ready but requires cosmetic updates and modernization to meet current market standards.
Elementary School: Carmel River Elementary School (9/10). High School: Carmel High School (9/10).
The property is situated in the highly-coveted Carmel Unified School District, providing access to top-rated institutions like Carmel High and Carmel River Elementary, which significantly bolsters long-term resale value.
This south-facing contemporary home features vaulted wood ceilings in all bedrooms and an abundance of windows, creating a bright, airy atmosphere with scenic peaks of the ocean and Point Lobos from the primary suite.
A recent $100,000 price reduction and over 40 days on the market suggest that the property may have been initially overvalued, reflecting a potential gap between seller expectations and current buyer demand.
Offered for the first time since its 1987 construction, the home may feature original finishes and systems that require additional investment to align with contemporary luxury standards.
Charming contemporary-style south-facing home has lots of windows & natural light. Located in the coveted Carmel school district. Spacious 1702 square foot open floor plan. Large living room with cozy fireplace. Kitchen has numerous cupboards, walk-in pantry, bay window, island with gas cooktop & built-in desk area, that opens up to a large dining room~family room area. All 3 bedrooms have gorgeous vaulted wood ceilings. Large primary suite has peaks of the ocean & Point Lobos, walk-in closet & double sinks. Oversized 2 car garage. Completely fenced yard with room for RV parking through double gates. First time on market. A MUST SEE.
No exterior & parking available.
Grades K-5 • 1.6 mi
Grades K-5 • 1.7 mi
Grades 6-8 • 1.8 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 3.0 | 50% |
| Baths | 2.0 | 3.0 | 36% |
| Square foot | 1,702 | 2,247.5 | 28% |
| Lot Size | 4,400 | 10,533.5 | 14% |
| Price | $1.80M | $2.85M | 26% |
| Price per sq ft | $1.1K | $1.1K | 42% |
| Built year | 1987 | 1972 | 72% |
| HOA | $0 | $0 | 50% |
| Days on market | 47 | 187 | 6% |
Apr 1, 2026
$1,800,000
$1,900,000
-5% Price Drop
Initial Listing
Mar 6, 2026
$1,900,000
Initial Listing