3850 Rio Road 24, Carmel, California 93923, Carmel, 93923 - 2 bed, 3 bath
Loading property details...
Carmel, California 93923
This Renovated Luxury Condominium is a High-Potential Investment Opportunity, listed at $998,000—positioned well below the $1,194,923 Fair Market Value by 16%. This valuation gap provides $196,923 in Instant Equity. Boasting an Excellent Condition Rating, the home features a Quartz Kitchen, Luxury Vinyl Plank Flooring, and Mountain Views from four private patios. Located in the elite Carmel Unified School District with top-rated schools (9/10), it offers a turnkey lifestyle with premium amenities. This is a premier acquisition for Owner-Occupants or Buy-and-Hold Investors.
Property is new construction or fully renovated.
The property has undergone an extensive recent renovation that includes a fully updated kitchen with quartz countertops and new appliances, luxury vinyl plank flooring throughout, fresh paint, a new fireplace, and updated bathrooms with new vanities and toilets. Although built in 1976, the interior components are virtually new and meet current modern quality standards.
Elementary School: Carmel River Elementary School (9/10). High School: Carmel High School (9/10).
The residence features a fully updated kitchen with Quartz countertops, luxury vinyl plank flooring, and new appliances, offering a turnkey, contemporary living experience.
With four private patios and balconies, the home maximizes its scenic location, providing sweeping views of the Santa Lucia Mountains and the community pond.
The association fee of $710 per month represents a substantial ongoing expense that buyers must factor into their monthly carrying costs.
Originally constructed in 1976, the property may require ongoing attention to older structural elements or community systems despite the extensive interior cosmetic renovations.
Tucked within a peaceful area of Carmel, this updated residence offers sweeping views of the Santa Lucia Mountains and a lovely of the community pond, creating a daily backdrop of natural beauty and calm. Step outside to 4 different patios/balconies to extend your living space. Inside, the thoughtfully updated home blends modern comfort with easy coastal living. One of the larger floor plans in the community, it features two spacious upstairs' bedroom suites, while a convenient powder room downstairs serves the main living area. The fully updated kitchen showcases Quartz countertops and new appliances, complemented by luxury vinyl plank flooring throughout for a clean, contemporary feel. The living space is designed to embrace the surrounding scenery, fresh paint, newly installed flooring, and a brand-new fireplace that adds warmth and character. Numerous upgrades including new vanities, toilets, washer and dryer, window shades, and updated lighting ensure a move-in-ready experience. Located just minutes from the sands of Carmel Beach and the charming shops and restaurants of Carmel-by-the-Sea, residents and guests also enjoy community amenities: a pool, spa, and tennis courts, all within the highly rated Carmel Unified School District. Prepare your Just Moved postcards today!
No exterior & parking available.
Grades K-5 • 1.1 mi
Grades 6-8 • 0.7 mi
Grades 9-12 • 1.2 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 2.0 | 2.0 | 50% |
| Baths | 3.0 | 2.0 | 85% |
| Square foot | 1,808 | 1,469 | 85% |
| Lot Size | 1,173 | 1,043 | 56% |
| Price | $998.0K | $998.0K | 50% |
| Price per sq ft | $552 | $769 | 7% |
| Built year | 1976 | 1968 | 85% |
| HOA | $710.0 | $1.6K | 7% |
| Days on market | 44 | 169 | 7% |
Mar 9, 2026
$998,000
Initial Listing
Nov 21, 1995
$230,000
Public Record