38875 Palo Colorado Road, Carmel, California 93923, Carmel, 93923 - 1 bed, 1 bath
Loading property details...
38875 Palo Colorado Road
Carmel, California 93923
ACTIVE
CONDITION: FAIR
1Beds
1Baths
680Sq Ft
4,181,760Lot Size
Property Price
LIST PRICE$995,000
SUMMARY
TWIN PEAKS RESERVE: This rare 96 acre Big Sur wild land is situated at one of the highest points on the Big Sur coast on the northern Santa Lucia Mountain Range: With 180 degree ocean views this remote and very private property has direct access to the Ventana Wilderness, the Los Padres National Forest and the Palo Corona Biological Preserve. High above the fog and the redwood canyons flowing down to the wide blue Pacific there are views southwest across the forested mountain wilderness to Pico Blanco and the Big Sur River watershed. There is easy access from a County Road off Hwy 1 onto a private gated well maintained unpaved road. It's a little over an hour from Carmel and the Monterey airport to your fully equipped off grid solar guest cottage. ( Shorter with a personal Joby Avaition eVTOL air taxi coming soon) Excellent spring water with 10,000 gallons storage that gravity feeds to the guest cottage and main house site. The original house site is ready for redevelopment as it was destroyed in the Soberanes fire of 2016 There is an additional 102 acre contiguous parcel of land available for sale
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Fair
TeardownExcellent
Property is moderate renovation needed.
The property features a 680 sqft off-grid guest cottage built in 1997. While functional and described as fully equipped, the structure is nearly 30 years old and maintains its original rustic style without recent major renovations. The main residence was destroyed by fire in 2016, leaving the cottage as the primary habitable structure. It meets the 'fair' criteria as an aged but maintained dwelling with functional systems that show signs of being outdated.
PROSSTRENGTHS & OPPORTUNITIES
- High Available Lot Utilization
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 4181760, living area = 680.
- Breathtaking Coastal Views
The property boasts 180-degree ocean views and a high-elevation vantage point above the fog line, offering unparalleled vistas of the Big Sur coast and Santa Lucia Mountains.
- Expansive Private Acreage
Spanning 96 acres with direct access to the Ventana Wilderness and Los Padres National Forest, this estate provides ultimate privacy and a rare connection to protected natural lands.
CONSRISKS & DEFICIENCIES
- MLS Listing Discrepancy
Living area discrepancy between mls listing and other public or private record. mls listing living area = 680, other record living area = 1109.
- Remote Accessibility
Located over an hour from Carmel via unpaved roads, the property's extreme seclusion may present logistical challenges for daily commuting or construction transport.
- Fire Recovery Site
The main residence was destroyed in the 2016 Soberanes fire, requiring the buyer to navigate redevelopment processes and potentially higher insurance considerations in a high-fire-risk zone.
About 38875 Palo Colorado Road
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1997
- Lot Size
- 4,181,760 Sq. Ft.
Interior
- Total Bedrooms
- 1
- Total Bathrooms
- 1 (1 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 1.0 | 3.0 |
| Baths | 1.0 | 2.8 |
| Square foot | 680 | 2,111.641 |
| Lot Size | 4,181,760 | 12,541.641 |
| Price | $995.0K | $3.11M |
| Price per sq ft | $1.5K | $1.4K |
| Built year | 1997 | 1972 |
| HOA | $0 | $2.2K |
| Days on market | 222 | 81 |
Pricing History
Listed for Sale
Aug 30, 2026
$995,000
$1,250,000
-20% Price Drop
Initial Listing
Price Change
Mar 16, 2026
$1,250,000
Initial Listing