534 Aguajito Road, Carmel, California 93923, Carmel, 93923 - 3 bed, 4 bath
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Carmel, California 93923
Analysis of 534 Aguajito Road, Carmel, California 93923 is currently available with a list price of $4,500,000. The property maintains a Fair Condition Rating (50/100), suggesting the property is in acceptable condition with potential for value enhancement through selective updates and improvements. 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 moderate renovation needed.
Built in 1997 (27 years old), the property is well-maintained but reflects its original era. The kitchen and bathrooms feature dated cabinetry, tile work, and gold-tone fixtures consistent with the late 90s. While the boiler system and backup generator are functional, the interior requires cosmetic 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 = 217800, living area = 3123.
The property offers breathtaking, unobstructed views of Monterey Bay and the Santa Cruz coastline, providing a rare and highly sought-after visual experience from the main living areas.
Situated on five gated acres surrounded by Monterey pines, this estate offers unparalleled privacy and a serene natural setting while remaining minutes from Carmel and Pebble Beach.
Built in 1997, the interior finishes and systems, such as the boiler heating, may require updates to meet the aesthetic and efficiency standards of modern luxury buyers.
Managing five acres of forested land and specialized outdoor amenities like the bocce court and gazebo necessitates significant ongoing upkeep and fire-safe landscaping efforts.
Carmel Estate with Panoramic Ocean and Bay Views on 5 Acres Behind private gates and set on five acres surrounded by majestic Monterey pines, this remarkable Carmel property enjoys sweeping ocean and bay views across Monterey Bay, the Monterey shoreline, and on clear days, all the way to Santa Cruz. Watch sailboats cross the bay, enjoy the city lights after sunset, and take in the peaceful surroundings from this extraordinary setting. The approximately 3,123-square-foot home offers 3 bedrooms, 3.5 bathrooms, a formal dining room, a boiler heating system, and three wood-burning fireplaces, including fireplaces in the family room and primary suite. An impressive 1,400 square foot four-car garage with workshop provides abundant space for vehicles, storage, hobbies and workshop. Walls of glass bring in natural light and frame the stunning vistas from the main living areas. Masterfully designed to blend into its surroundings, the home's architecture embraces the landscape with warm materials, inviting spaces, and a strong connection to the outdoors. The grounds include a gazebo, bocce ball court, and a full-scale backup generator. A rare offering that combines breathtaking ocean and bay views, complete privacy, five acres, and a location minutes from Carmel, Pebble Beach and Monterey.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 3.0 |
| Baths | 4.0 | 2.5 |
| Square foot | 3,123 | 1,978 |
| Lot Size | 217,800 | 5,500 |
| Price | $4.50M | $3.29M |
| Price per sq ft | $1.4K | $1.6K |
| Built year | 1997 | 1969 |
| HOA | $0 | $3.0K |
| Days on market | 34 | 73 |
Jun 18, 2026
$4,500,000
Initial Listing