
Carmel, California 93923
This Mediterranean Single Family Residence represents a Strong Value Opportunity, listed at $4,500,000—positioned well below the $4,827,118 Fair Market Value by 6%. This valuation gap offers $327,118 in Instant Equity. Featuring a Condition Rating of 3, the home offers panoramic Pacific Ocean and Big Sur mountain views, a private jacuzzi deck, and a versatile detached garden room. This property is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking a premier coastal lifestyle.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 95 Yankee Point Drive Subject | $4,500,000* List Price | 3 | 3 | 3,384 | $1,426 | - |
A 231 Spindrift Road Active | $5,495,000 List Price | 4 | 4 | 3,437 | $1,599 | 0.5 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
Although built in 1959, the property has undergone significant renovations likely within the last 5-15 years. The kitchen features updated stainless steel appliances, modern hardware, and stone countertops. The interior shows refreshed flooring and well-maintained systems, while the exterior includes modern glass railings and a contemporary fire pit, making it move-in ready.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 18840, living area = 3384.
Situated in the exclusive Yankee Point area of the Carmel Riviera, this property offers a premier location that serves as the gateway to Big Sur while remaining just ten minutes from the amenities of downtown Carmel.
The home captures rare, panoramic views of both the Pacific Ocean and the Big Sur mountains, enhanced by unique architectural features like a glass-panel dining room ceiling and a dedicated viewing loft.
Built in 1959, this Mediterranean-style home may require significant ongoing maintenance or infrastructure updates typical of older coastal properties exposed to salt air and environmental elements.
With a listing price of $4.5M following recent sales of $1.8M and $3.0M within the last few years, the rapid valuation increase may present challenges for appraisal or buyer justification without extensive documented renovations.
Yankee Point sits along the Carmel Riviera, one of the most exclusive and sought-after stretches on the Peninsula. It's the gateway to Big Sur, with the wild coastline just beyond, and yet town is ten minutes away. This Mediterranean home takes in two views: the Pacific to the west and south, and the Big Sur mountains to the east. The formal entry opens to a living room with ocean views and a two-sided fireplace, shared with the dining room next door. The dining room has its own glass-panel ceiling, catching a different view entirely, with sunset settling on the mountains each evening. The kitchen is large and open, leading into a family room with high ceilings. Both rooms open onto the ocean-side patio. The main level holds three bedrooms, including a large primary suite with ocean views from the bath. Off the primary, a private deck holds a jacuzzi tub and a corner for morning coffee. At the other end of the house, an ensuite bedroom has high ceilings and a door to the garden. Upstairs, a loft opens to the full sweep of the Pacific, a natural spot for reading and writing, or a guest bedroom. Mature gardens surround the house. A separate room off the garden works as an office, gym, movie room, or extra guest space. Large storage downstairs, plus a three-car garage.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 3.0 |
| Baths | 3.0 | 2.8 |
| Square foot | 3,384 | 2,079.133 |
| Lot Size | 18,840 | 12,775.833 |
| Price | $4.50M | $3.23M |
| Price per sq ft | $1.3K | $1.5K |
| Built year | 1959 | 1976 |
| HOA | $100.0 | $3.0K |
| Days on market | 19 | 74 |
Aug 21, 2026
$4,500,000
Initial Listing
Sep 8, 2023
$3,000,000
Public Record
Apr 18, 2023
$1,800,000
Public Record