3850 Rio Road 42, Carmel, California 93923, Carmel, 93923 - 2 bed, 3 bath
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3850 Rio Road 42
Carmel, California 93923
ACTIVE
CONDITION: EXCELLENT
2Beds
3Baths
1,520Sq Ft
0Lot Size
Property Price
LIST PRICE$1,149,000
EST. MARKET VALUE
$1,149,000
SUMMARY
This Stunning Move-In Ready Condominium is listed at $1,149,000, reflecting a stable price point aligned with its $1,149,000 Fair Market Value. Featuring a comprehensive modern remodel, a brand-new 2026 roof, and a Condition Rating of 2, the property offers a turnkey lifestyle. Residents enjoy sweeping Arroyo Carmel lake views from dual decks and a private patio. Located within the elite Carmel Unified School District, including top-rated Carmel River Elementary and Carmel High School, this residence is the perfect fit for discerning professionals or owner-occupants seeking serene, high-end lakeside living.
Estimated Market Value
$1,149,000
Based on Realkey algorithm analyzing recent comparable sales in Carmel.
Comparable Sales Map
Comparables within 1 miles sold in recently
Map unavailable.
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 3850 Rio Road 42 Subject | $1,149,000* List Price | 2 | 3 | 1,520 | $756 | - |
A 3850 Rio Road 63 Active Under Contract | $1,099,000 List Price | 2 | 2 | 1,409 | $780 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Excellent
TeardownExcellent
Property is new construction or fully renovated.
The property has undergone a comprehensive modern remodel within the last 5 years, featuring a high-end kitchen with sleek cabinetry and quartz counters, updated designer bathrooms, and a brand-new roof installed in 2026. The interior is in mint condition with no visible maintenance required.
PROSSTRENGTHS & OPPORTUNITIES
- Great Schools
Elementary School: Carmel River Elementary School (9/10). High School: Carmel High School (9/10).
- Picturesque Lakeside Setting
The home features sweeping, tranquil views of the Arroyo Carmel lake, complemented by two decks and a patio that seamlessly blend indoor and outdoor living.
- Comprehensive Modern Upgrades
Extensively remodeled with a sleek, light-filled open kitchen, elegant ensuite bedrooms, and a brand-new roof installed in August 2026, ensuring a move-in-ready experience.
CONSRISKS & DEFICIENCIES
- Substantial Monthly HOA Fees
The $710 monthly association fee represents a significant ongoing carrying cost that may impact the overall affordability for some buyers.
- Market Stagnation
With 84 days on the market and a recent $50,000 price reduction, the property is experiencing slower momentum, potentially indicating initial overpricing relative to current demand.
About 3850 Rio Road 42
With sweeping views of the tranquil Arroyo Carmel lake as its centerpiece, this beautifully remodeled home offers a truly special living experience. Nearly every detail has been thoughtfully updated, from the light-filled open kitchen with upgraded finishes and sleek design elements to the refreshed dining area and elegant ensuite bedrooms. Large windows and outdoor spaces, including 2 decks and a patio, frame the stunning water views and bring the natural beauty indoors. The two spacious ensuite bedrooms provide comfort and privacy, while the oversized two-car garage adds convenience. A new Composition shingle roof was installed August 2026. Ideally situated near shops, restaurants, and Carmel-by-the-Sea's renowned beaches, this home perfectly blends modern upgrades with serene, lakeside living.
Property Details
Public Facts
- Property Type
- Condominium
- Year Built
- 1976
- Lot Size
- -
Interior
- Total Bedrooms
- 2
- Total Bathrooms
- 3 (3 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $710.0 / Month
Neighborhood Insights
Carmel Unified Schools
Carmel River Elementary School
Grades K-5 • 1.2 mi
9/10
Carmel Middle School
Grades 6-8 • 0.7 mi
8/10
Carmel High School
Grades 9-12 • 1.2 mi
9/10
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 2.0 | 1.8 |
| Baths | 3.0 | 1.8 |
| Square foot | 1,520 | 1,173.727 |
| Lot Size | - | 1,650.545 |
| Price | $1.15M | $949.9K |
| Price per sq ft | $756 | $790 |
| Built year | 1976 | 1970 |
| HOA | $710.0 | $1.3K |
| Days on market | 98 | 69 |
Pricing History
Listed for Sale
Aug 25, 2026
$1,149,000
$1,199,000
-4% Price Drop
Initial Listing
Price Change
Jun 3, 2026
$1,199,000
Initial Listing
Sold
May 21, 2021
$917,000
Public Record