
Carmel, California 93923
This California Spanish Colonial is a Strong Value Opportunity, listed at $5,450,000—positioned well below the $5,247,895 Fair Market Value by -3%. Featuring a Condition Rating of 3, this move-in ready residence offers 5,086 sq. ft. of living space, a detached workshop, and an elevated office tower. Set within the Santa Lucia Preserve, the property provides sweeping mountain and valley views. This unique estate is an ideal acquisition for Luxury Homeowners or Discerning Investors seeking a private, high-end sanctuary.
Property is move-in ready.
Built in 2003, the property is approximately 22 years old and remains in well-maintained, move-in ready condition. The kitchen features high-end stainless steel appliances and custom cabinetry that remain functional and stylish, while the architectural elements like exposed beams and period-inspired tilework show pride of ownership without immediate need for repair.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 234788, living area = 5086.
The California Spanish Colonial design seamlessly blends timeless elements like exposed beams and arched doorways with contemporary lines, offering a sophisticated and high-end aesthetic.
A detached 500 sq. ft. workshop and a separate office tower provide exceptional flexibility for a private studio, guest house, or professional workspace away from the main living areas.
With 279 days on the market and multiple price reductions, the property may face challenges with buyer perception regarding its value proposition or specific niche appeal.
The tiered floor plan and elevated office tower may present accessibility concerns for buyers seeking single-level living or those with mobility considerations.
Centrally located in the heart of the Santa Lucia Preserve, this California Spanish Colonial inspired home blends clean, contemporary lines with timeless architectural elements, including arched doorways and windows, exposed beams and trusses, period-inspired tilework and deep stucco walls The home unfolds across a tiered layout, where a grand gallery connects the ensuite bedrooms with the living spaces. On the West end, three spacious ensuite bedrooms are complemented by a flexible fourth bedroom, ideal for guests or an optional den. On the East end, the great room and kitchen are oriented to capture the morning sun, creating a warm and inviting setting for everyday living. A separate office tower offers a quiet, elevated workspace with custom built-in desks and cabinetry, while a loft above the great room is a bonus area thoughtfully incorporated into the living space. Enhancing the property's adaptability is a detached 500 sq. ft. workshop that presents an opportunity to have a separate space for hobbies or conversion into a private guest house or studio. Set against a gently sloping hillside, the home harmonizes beautifully with the surrounding trees and natural landscape. Sweeping views extend beyond the Equestrian Center to the rolling hills of the Santa Lucia Preserve.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 4.0 | 3.0 |
| Baths | 5.0 | 2.8 |
| Square foot | 5,086 | 2,079.133 |
| Lot Size | 234,788 | 12,775.833 |
| Price | $5.45M | $3.23M |
| Price per sq ft | $1.1K | $1.5K |
| Built year | 2003 | 1976 |
| HOA | $248.0 | $3.0K |
| Days on market | 320 | 74 |
Jun 19, 2026
$5,450,000
$5,680,000
-4% Price Drop
Initial Listing
May 24, 2026
$5,680,000
$5,800,000
-2% Price Drop
Initial Listing
Oct 24, 2025
$5,800,000
Initial Listing