540 Aguajito Road, Carmel, California 93923, Carmel, 93923 - 3 bed, 2 bath
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Carmel, California 93923
Analysis of 540 Aguajito Road, Carmel, California 93923 is currently available with a list price of $2,895,000. 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 1989, the property appears well-maintained but retains most of its original finishes, fitting the criteria for a home built 25-40 years ago without major renovations. The kitchen features dated oak cabinetry, blue tile countertops, and older appliances, while the bathrooms show original 1980s vanities and fixtures. While functional and livable, the interior styling—including the Saltillo tile and light fixtures—requires modernization to meet current luxury standards.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 465657, living area = 2972.
Situated on approximately 10 acres in the coveted Jacks Peak area, this property offers a rare level of privacy and significant potential for equestrian use or the development of a grand estate.
The home features captivating, sweeping vistas of the bay, ocean, and city lights from nearly every room, enhanced by high ceilings and expansive walls of windows.
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =465657, other record lot size in square feet = 224726.
With 575 days on the market and a substantial price reduction from the original listing, the property may carry a market stigma that requires aggressive positioning to overcome.
Built in 1989 and held by the original owners, the residence likely requires significant cosmetic or structural updates to meet the aesthetic standards of modern luxury buyers.
Captivating bay views are enjoyed from nearly every room of this spacious, sun-filled, single-level residence in coveted Jacks Peak. Built in 1989 by the current owners, the home was thoughtfully designed with an open floor plan, high ceilings, and walls of windows that flood the interiors with natural light and frame sweeping vistas throughout. The floor plan emphasizes privacy, with the primary suite positioned on one wing of the home and two guest bedrooms on the other. Set on approximately 10 acres, the expansive grounds offer remarkable potential; ideal for gardens, equestrian use, or the creation of a truly unique estate. It is exceptionally rare to find this much land so close to all that the Monterey Peninsula has to offer. A compelling combination of space, privacy, and convenience, this property presents a distinctive opportunity to create a legacy retreat in one of Carmels most desirable settings.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 3.0 | 50% |
| Baths | 2.0 | 3.0 | 36% |
| Square foot | 2,972 | 2,327 | 74% |
| Lot Size | 465,657 | 10,840 | 94% |
| Price | $2.90M | $2.91M | 50% |
| Price per sq ft | $974 | $1.1K | 36% |
| Built year | 1989 | 1972 | 76% |
| HOA | $0 | $0 | 50% |
| Days on market | 582 | 189 | 98% |
Mar 9, 2026
$2,895,000
Initial Listing
Sep 17, 2024
$3,300,000
Initial Listing