
Carmel Valley, California 93924
This Versatile Multi-Level Residence represents a Strong Value Opportunity, listed at a List Price of $1,380,000, which aligns with its $1,380,000 Fair Market Value. Featuring a Condition Rating of 4, the property offers a unique "house hack" layout with a modern, renovated lower-level apartment and a dated main level, providing significant potential for cosmetic value-add. With Panoramic Mountain and Valley Views and a massive 1.4-acre lot in the Carmel Unified School District, this home is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking multi-generational living.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 471 Country Club Drive Subject | $1,380,000* List Price | 3 | 2 | 2,314 | $596 | - |
A 273 W Carmel Valley Road Active | $1,549,000 List Price | 4 | 4 | 2,240 | $692 | 0.5 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1972, the property shows a split in condition. The main kitchen is dated with 1980s/90s-style oak cabinetry and tile countertops, while the lower apartment features a modern renovation with stainless steel appliances and updated flooring. The exterior and systems appear well-maintained, but the primary living areas require cosmetic updates to move beyond a dated status.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 64468, living area = 2314.
The property features a separate one-bedroom apartment with its own kitchen, bathroom, and private entrance, offering excellent potential for rental income or multi-generational living.
Breathtaking mountain and valley vistas are visible from nearly every window and two private decks, providing a serene and high-value aesthetic experience.
Living area discrepancy between mls listing and other public or private record. mls listing living area = 2314, other record living area = 1886.
Built in 1972, the home likely requires modernization and updates to its systems and finishes to meet the expectations of contemporary luxury buyers.
With 67 days on the market, the listing is showing signs of stagnation, which may suggest the need for a price correction or reflect buyer hesitation regarding the property's condition.
Enjoy outstanding views from this treasured Carmel Valley home. The versatile layout offers 2 beds and a bath on the main level and a separate one bedroom apartment with full kitchen and bath below. You can access the apartment through an interior stairway or from its own exterior door. Both living areas have private decks that look out to gorgeous mountain vistas. There are views from almost every window on both levels and the home is filled with natural light. Sun, privacy and lots of space make this an ideal valley home.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 3.2 |
| Baths | 2.0 | 2.6 |
| Square foot | 2,314 | 2,067 |
| Lot Size | 64,468 | 137,901.8 |
| Price | $1.38M | $1.79M |
| Price per sq ft | $596 | $853 |
| Built year | 1972 | 1981 |
| HOA | $0 | $846 |
| Days on market | 91 | 61 |
Jun 10, 2026
$1,380,000
Initial Listing
Oct 9, 2000
$198,000
Public Record
Oct 9, 2000
$55,000
Public Record