
Carmel Valley, California 93924
This property presents a High-Potential Investment Opportunity with a List Price of $1,380,000—positioned well below the $1,450,284 Fair Market Value by 4%. This valuation gap offers $70,284 in Instant Equity. Featuring a Condition Rating of 4, the home offers a versatile layout with a separate apartment, ideal for rental income or multi-generational living. With panoramic mountain vistas and a 1.4-acre lot in the Carmel Unified School District, this is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking value-add potential.
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 | $609 | - |
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 presents a split condition. The secondary apartment kitchen has been updated with modern white cabinetry and stainless steel appliances, but the primary kitchen remains significantly dated with original oak cabinets and tile countertops. While functional and well-maintained, the 50+ year age of the structure and the dated main living areas necessitate cosmetic and system updates to meet modern standards.
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 breathtaking views of the mountains and valley from nearly every window and private decks, providing a serene and picturesque living environment.
A separate one-bedroom apartment with a full kitchen and private entrance offers excellent potential for multi-generational living, a guest suite, or rental income.
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 may require modern updates to its systems, fixtures, and finishes to meet the expectations of contemporary luxury buyers.
The multi-level layout with stairs connecting the main living area to the lower apartment may pose accessibility challenges for some residents or guests.
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.
Jun 10, 2026
$1,380,000
Initial Listing
Oct 9, 2000
$198,000
Public Record
Oct 9, 2000
$55,000
Public Record