
Carmel Valley, California 93924
This Versatile Residential Property represents a Strong Value Opportunity, listed at $1,260,000, which aligns with its $1,260,000 Fair Market Value. Featuring a 3-bedroom layout with a separate apartment, the home offers a Condition Rating of 3, blending original charm with a renovated lower level. The expansive 1.48-acre lot and panoramic mountain views provide significant lifestyle appeal within the Carmel Unified School District. This property is an ideal acquisition for Buy-and-Hold Investors seeking rental income or Owner-Occupants desiring multigenerational living space.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 471 Country Club Drive Subject 3 bd · 2 ba · 2,314 sqft · $545 | $1,260,000* List Price | 3 | 2 | 2,314 | $545 | - |
A 273 W Carmel Valley Road Active 4 bd · 4 ba · 2,240 sqft · $692 · 0.5 mi | $1,549,000 List Price | 4 | 4 | 2,240 | $692 | 0.5 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
The property is well-maintained and move-in ready, featuring a mix of original and updated elements. While the main kitchen is dated with 1970s-style oak cabinetry and older appliances (Fair), the lower-level apartment has been recently renovated with modern white shaker cabinets, recessed lighting, and updated flooring (Excellent).
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 a full kitchen and private entrance, offering excellent potential for rental income, a guest suite, or multigenerational living.
Situated on a generous 1.48-acre lot, the home provides stunning mountain and valley vistas from nearly every window and includes private decks that maximize the serene Carmel Valley setting.
Living area discrepancy between mls listing and other public or private record. mls listing living area = 2314, other record living area = 1886.
With 133 days on the market and multiple price reductions, the property may carry a stigma that requires aggressive marketing to overcome buyer hesitation.
Built in 1972, the residence likely requires modern cosmetic and systemic updates to meet the expectations of contemporary luxury buyers in this price bracket.
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 | 3.1 |
| Baths | 2.0 | 2.7 |
| Square foot | 2,314 | 2,207.75 |
| Lot Size | 64,468 | 120,305.85 |
| Price | $1.26M | $1.70M |
| Price per sq ft | $545 | $792 |
| Built year | 1972 | 1983 |
| HOA | $0 | $1.4K |
| Days on market | 136 | 79 |
Oct 10, 2026
$1,260,000
$1,360,000
-7% Price Drop
Initial Listing
Sep 12, 2026
$1,360,000
$1,380,000
-1% Price Drop
Initial Listing
Jun 10, 2026
$1,380,000
Initial Listing
Oct 9, 2000
$198,000
Public Record
Oct 9, 2000
$55,000
Public Record