3850 Rio Road 47, Carmel, California 93923, Carmel, 93923 - 2 bed, 3 bath
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3850 Rio Road 47
Carmel, California 93923
ACTIVE
CONDITION: GOOD
2Beds
3Baths
1,520Sq Ft
0Lot Size
Property Price
LIST PRICE$1,150,000
EST. MARKET VALUE
$1,018,168
12% AboveMARKET VALUE
SUMMARY
This Turnkey Townhouse represents a High-Potential Investment Opportunity, listed at $1,150,000—positioned well above the $1,018,168 Fair Market Value by 12%. While priced at a premium, the property features a Good Condition Rating with a new roof, updated kitchen, and 2-car garage. Residents enjoy panoramic lake and mountain views and exceptional walkability to local shopping. Located within the Carmel Unified School District with top-rated schools, this residence is an ideal sanctuary for Owner-Occupants or discerning professionals seeking a lifestyle-focused, move-in ready home.
Estimated Market Value
$1,018,168
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 47 Subject 2 bd · 3 ba · 1,520 sqft · $670 | $1,150,000* List Price | 2 | 3 | 1,520 | $670 | - |
A 3850 Rio Road 78 Sold 3 bd · 3 ba · 1,580 sqft · $684 · 0.1 mi | $1,080,000 | 3 | 3 | 1,580 | $684 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Good
TeardownExcellent
Property is move-in ready.
Built in 1976 but features significant updates that make it move-in ready. The property includes a newer roof, updated bathrooms with stone countertops, and a kitchen with newer appliances and recessed lighting. While the building age is over 40 years, the interior renovations and maintenance history place it in the 'Good' category.
PROSSTRENGTHS & OPPORTUNITIES
- Great Schools
Elementary School: Carmel River Elementary School (9/10). High School: Carmel High School (9/10).
- Prime Walkable Location
Ideally situated on the quiet side of the complex, this home offers exceptional walkability to the Crossroads and Barnyard shopping centers, providing easy access to dining, retail, and essential services.
- Scenic Multi-Directional Views
The property features diverse and stunning vistas, including the St. Lucia mountain range to the south and serene lake and ecosystem views to the north from the living areas and private decks.
CONSRISKS & DEFICIENCIES
- High Association Fees
The monthly HOA fee of $710 is relatively high and represents a significant recurring carrying cost that may impact the purchasing power of budget-conscious buyers.
- Vintage Construction Era
Built in 1976, the property may eventually require updates to original infrastructure or systems not addressed by recent cosmetic renovations to meet the highest modern efficiency standards.
About 3850 Rio Road 47
3850 Rio Rd Unit 47, home of the same owner for decades, has been maintained with updates and upgrades (new roof) The south-facing kitchen (newer appliances, gas stove, recessed lighting etc.) connects to a dining room (easily made part of a great room area) with sliders onto the sunny, paved, and gated patio. Laundry closet adjacent to kitchen. Both bedrooms upstairs have updated bathrooms. The South-facing suite has close views of the St. Lucia mountain range (and popular hiking trail). The north-facing, larger suite, has a wall-to-wall custom closet and sliders onto a large deck overlooking the lake. Directly below is the living room with recessed lighting, gas fireplace-insert and sliders which allow you to capture views of the lake, mountains, and "extraordinary ecosystem." There is a convenient half-bath. This townhome location is: (1) hub to the entire Peninsula, (2) center of the quiet side of complex, and (3) "travel-time-saver"-stroll next door to the CrossRoads Shopping for all your wants and needs; or cross the street, past the post office and fire station to the Barnyard Shopping. Tall hedges/trees provide outstanding privacy. Location! Location! Location! The 2-car garage is a welcome bonus!
Property Details
Public Facts
- Property Type
- Townhouse
- 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 | 3.0 |
| Baths | 3.0 | 3.3 |
| Square foot | 1,520 | 2,159 |
| Lot Size | - | 4,505 |
| Price | $1.15M | $1.65M |
| Price per sq ft | $757 | $806 |
| Built year | 1976 | 1980 |
| HOA | $710.0 | $802 |
| Days on market | 36 | 124 |
Pricing History
Listed for Sale
Sep 18, 2026
$1,150,000
Initial Listing