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 $900,000. 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 has been recently 'refreshed' with new laminate flooring and fresh interior paint, but it does not qualify as a full renovation. The kitchen features dated blue tile countertops and older cabinetry, and while the refrigerator is a modern stainless steel unit, the stove is an older model. The exterior wood shingles and large deck show significant weathering and age. The property is move-in ready and well-maintained for its vintage, but the core styles and fixtures remain outdated compared to modern standards.
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.
Spanning approximately 4.25 acres across multiple parcels, the property offers exceptional privacy, majestic redwood groves, and a seasonal creek, creating a quintessential Big Sur canyon retreat.
The home is ideally located just minutes from Garrapata Beach and a scenic drive to Big Sur, providing immediate access to world-renowned hiking trails and iconic California coastline.
At only 787 square feet with a single bathroom, the compact footprint may be a significant constraint for buyers requiring more interior volume or guest accommodations.
Built in 1950 and located in a canyon environment, the property may necessitate ongoing maintenance and specialized care typical of older homes in high-moisture, wooded areas.
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.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 2.0 | 3.0 | 14% |
| Baths | 1.0 | 3.0 | 6% |
| Square foot | 787 | 2,247.5 | 2% |
| Lot Size | 65,340 | 10,840 | 80% |
| Price | $900.0K | $2.85M | 2% |
| Price per sq ft | $1.1K | $1.1K | 50% |
| Built year | 1950 | 1971 | 16% |
| HOA | $0 | $0 | 50% |
| Days on market | 123 | 186 | 26% |
Mar 9, 2026
$900,000
Initial Listing
Dec 20, 2025
$999,000
Initial Listing
May 28, 2024
$950,000
Public Record
Sep 15, 1999
$289,500
Public Record