37016 Palo Colorado Rd, Carmel, California 93923, Carmel, 93923 - 2 bed, 1 bath
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Carmel, California 93923
Analysis of 37016 Palo Colorado Rd, Carmel, California 93923 is currently available with a list price of $740,000. 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 1950, this cottage is over 70 years old but has received a recent cosmetic 'refresh' including new flooring and interior paint, making it functional and move-in ready. While the interior appears inviting, the exterior wood shingles and decking show significant weathering, and the presence of older wall heaters suggests that core systems and the building envelope are dated and will likely require minor repairs or updates soon.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 65340, living area = 787.
The property spans approximately 4.25 acres across multiple parcels, offering exceptional privacy, a seasonal creek, and a serene setting among majestic redwoods.
Located just minutes from Garrapata Beach and a short drive to Big Sur, the home provides easy access to world-renowned hiking trails and scenic Highway 1 vistas.
With only 787 square feet of living area and a single bathroom, the property's small footprint may be restrictive for many buyers or those seeking modern spaciousness.
The canyon location and 1950s construction may present challenges regarding road accessibility during winter months and the maintenance of private well systems.
Nestled in the heart of Palo Colorado Canyon, this refreshed 2-bedroom, 1-bath cottage offers a serene living experience surrounded by majestic redwoods and natural beauty. Recent updates include fresh interior paint and new flooring, creating a bright and inviting atmosphere while preserving the home’s cozy character. Spanning approximately 4.25 acres across multiple parcels, the property provides remarkable privacy, a seasonal creek flowing through the land, and a deep well with plentiful water supply. A spacious walk-out basement adds valuable storage and flexible use space. Secluded yet conveniently located, the home is just minutes from Garrapata Beach and a scenic drive to Big Sur, placing world-renowned coastline, hiking trails, and Highway 1 vistas within easy reach. Whether envisioned as a peaceful primary residence or a private weekend escape, this unique canyon property presents an exceptional opportunity to enjoy the natural beauty and timeless appeal of the Carmel–Big Sur region. Short sale approved at 740K
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 2.0 | 3.0 |
| Baths | 1.0 | 2.5 |
| Square foot | 787 | 1,978 |
| Lot Size | 65,340 | 5,500 |
| Price | $740.0K | $3.29M |
| Price per sq ft | $940 | $1.6K |
| Built year | 1950 | 1969 |
| HOA | $0 | $3.0K |
| Days on market | 39 | 73 |
Jun 20, 2026
$740,000
$600,000
+23% Price Increase
Initial Listing
Jun 13, 2026
$600,000
Initial Listing
May 28, 2024
$950,000
Public Record
Sep 15, 1999
$289,500
Public Record