
Carmel, California 93923
This Mid-Century Modern Fixer represents a High-Potential Investment Opportunity with a List Price of $2,450,000—positioned well below the $2,514,648 Fair Market Value by 2%. This entry point secures $64,648 in Instant Equity for buyers prepared to modernize this 1964 estate. Boasting expansive ocean views and a large deck on a 1.17-acre lot, the property carries a Condition Rating of 5, requiring full rehabilitation. Its architectural bones and prime location make it a high-ROI acquisition for Fix-and-Flip Investors or Owner-Occupants.
Property is extensive renovation needed.
Built in 1964 and held by the original owner, this property is explicitly described as a 'FIXER' being sold 'AS IS.' The interior images confirm original 1960s finishes in the kitchen and bathrooms, including dated blue tile and wood paneling, indicating that the home requires a full rehabilitation of systems and aesthetics.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 50965, living area = 2821.
Situated on a sprawling 1.17-acre lot, the property offers expansive, unobstructed views of the Ocean, Bay, and Mountains from nearly every room, providing a rare sense of scale and scenery.
The home features classic Mid-Century Modern design elements, including open beam ceilings and a dual-sided fireplace, offering a timeless aesthetic that is highly sought after by contemporary buyers.
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =50965, other record lot size in square feet = 51122.
Explicitly marketed as a 'fixer' and being sold in 'as-is' condition, the property requires a significant capital investment to address deferred maintenance and modernization.
Having had only one owner since 1964, the home likely possesses original infrastructure and finishes that may not meet current building codes or modern luxury standards.
Mid-Century Modern/Contemporary-designed home has had one owner since being built in 1964. Expansive Ocean/Bay/Mountain views from most rooms on a 1.17 acre lot. This home has so much potential with open beam ceilings, living/dining room with fireplace open to both sides, and access to a large deck. Offering privacy from the main area of the home, there are custom built-in bookcases in the primary bedroom and gorgeous ocean views. Additionally, there is a spacious family room with fireplace and wet bar, a private office, large laundry room and an abundance of storage space. One of the bedroom/bath has a separate entrance for guests. This home is a FIXER, awaiting a buyer's creative design ideas. Selling AS IS.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 4.0 | 3.0 | 65% |
| Baths | 4.0 | 3.0 | 67% |
| Square foot | 2,821 | 2,461 | 73% |
| Lot Size | 50,965 | 9,333 | 76% |
| Price | $2.10M | $3.00M | 25% |
| Price per sq ft | $744 | $1.3K | 8% |
| Built year | 1964 | 1971 | 35% |
| HOA | $0 | $0 | 50% |
| Days on market | 57 | 192 | 8% |
Jun 4, 2026
$2,100,000
$2,450,000
-14% Price Drop
Initial Listing
Apr 17, 2026
$2,450,000
Initial Listing