38875 Palo Colorado Road, Carmel, California 93923, Carmel, 93923 - 1 bed, 1 bath
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Carmel, California 93923
Analysis of 38875 Palo Colorado Road, Carmel, California 93923 is currently available with a list price of $1,250,000. 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.
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 It meets the 'fair' criteria as an aged but maintained dwelling with functional systems that show signs of being outdated.
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.
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.
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.
Living area discrepancy between mls listing and other public or private record. mls listing living area = 680, other record living area = 1109.
Located over an hour from Carmel via unpaved roads, the property's extreme seclusion may present logistical challenges for daily commuting or construction transport.
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.
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
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 1.0 | 3.0 | 2% |
| Baths | 1.0 | 3.0 | 6% |
| Square foot | 680 | 2,247.5 | 2% |
| Lot Size | 4,181,760 | 10,840 | 98% |
| Price | $1.25M | $2.85M | 4% |
| Price per sq ft | $1.8K | $1.2K | 82% |
| Built year | 1997 | 1972 | 78% |
| HOA | $0 | $0 | 50% |
| Days on market | 37 | 187 | 6% |
Mar 16, 2026
$1,250,000
Initial Listing