
Carmel, California 93923
Analysis of 5155 Carmel Valley Road, Carmel, California 93923 is currently available with a list price of $3,595,000. The property maintains a Excellent Condition Rating (95/100), indicating excellent structural integrity and modern finishes throughout. This turnkey property requires minimal updates and is ready for immediate occupancy. 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 new construction or fully renovated.
Despite the 1915 original build date, the property features a high-end, modern renovation of the existing cottage and barn. Interior photos reveal a mint-condition bathroom with contemporary double vanities and subway tile, a modern kitchen with stainless steel appliances, and updated flooring and recessed lighting throughout, consistent with a renovation completed within the last 5 years.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 562000, living area = 911.
Offering nearly 13 acres of usable meadows just moments from Carmel-by-the-Sea, this property provides a rare combination of expansive private land and immediate proximity to world-class dining and beaches.
With a private well system in place and no HOA restrictions, the site is perfectly positioned for the construction of a substantial legacy estate, equestrian facilities, or a luxury family retreat.
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =562000, other record lot size in square feet = 274428.
The current improvements are limited to a modest 911-square-foot one-bedroom cottage, which may not meet the immediate needs of buyers looking for a move-in ready luxury residence.
To realize the property's full potential as a legacy estate, a buyer will need to commit substantial time and capital toward the design and construction of a primary residence and supporting infrastructure.
The Hatton Ranch meadows. A one-of-a-kind legacy property representing one of the last remaining portions of the historic Hatton Ranch, offering nearly 13 acres of usable meadows, majestic oaks, and sweeping south-facing views of the Santa Lucia Mountains just moments from Carmel-by-the-Sea. Raised high above the Valley, one would have barely an inkling of their incredible proximity to town. Gated, but with no HOA, a private well system supports the future construction of a substantial main residence, creating a rare opportunity to establish a true legacy estate. Existing improvements include a renovated one-bedroom, one-bath cottage, previously from the old Carmel Dairy, and a renovated barn, original to the ranch, now the home of an office/gym. With expansive usable acreage so uniquely close to the beach, the ranch is ideally suited for a private family retreat, equestrian pursuits, a large car barn, potential agricultural uses, or enjoy the property as-is and land bank it for future generations. Spend your days watching families of deer, turkeys, peacocks, foxes and bobcats roam the meadows. Or pop into town in minutes for a cocktail before dinner. The kind of property that speaks directly to the soul, this is true Valley living, only right in town.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 1.0 | 3.0 |
| Baths | 1.0 | 2.5 |
| Square foot | 911 | 1,978 |
| Lot Size | 562,000 | 5,500 |
| Price | $3.60M | $3.29M |
| Price per sq ft | $3.9K | $1.6K |
| Built year | 1915 | 1969 |
| HOA | $0 | $3.0K |
| Days on market | 35 | 73 |
Jun 17, 2026
$3,595,000
Initial Listing
Apr 4, 2019
$1,125,000
Public Record