
Carmel, California 93923
This Mediterranean Single Family Residence represents a Strong Value Opportunity, listed at $4,300,000—positioned well below the $4,601,138 Fair Market Value by 6%. This valuation gap offers $301,138 in Instant Equity. Featuring an Excellent Condition Rating, the home boasts panoramic Pacific and mountain views, a private jacuzzi deck, and a versatile garden room. Located in the Carmel Unified School District, this property is an ideal acquisition for discerning homeowners or luxury investors seeking a turnkey coastal sanctuary.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 95 Yankee Point Drive Subject 3 bd · 3 ba · 3,384 sqft · $1,360 | $4,300,000* List Price | 3 | 3 | 3,384 | $1,360 | - |
A 231 Spindrift Road Active 4 bd · 4 ba · 3,437 sqft · $1,511 · 0.5 mi | $5,195,000 List Price | 4 | 4 | 3,437 | $1,511 | 0.5 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
Although originally built in 1959, the property has undergone significant modernization and is in well-maintained, move-in ready condition. The interior photos show updated lighting, contemporary finishes, and clean architectural lines, while the exterior features a well-preserved Mediterranean tile roof and updated glass-panel railings on the patio. The home appears to have been renovated within the 5-15 year range, meeting the criteria for a high-quality, functional residence.
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 Carmel Riviera, this property offers the perfect balance of Big Sur's rugged beauty and convenient 10-minute access to the amenities of Carmel-by-the-Sea.
The home features rare, sweeping views of both the Pacific Ocean and the Big Sur mountains, highlighted by a unique glass-panel dining room ceiling and a panoramic upstairs loft.
Originally built in 1959, the home may require updates to modern systems or finishes to meet contemporary luxury standards and mitigate long-term coastal wear.
The property has seen a rapid increase in list price compared to its 2023 sales history, which may invite scrutiny regarding current market valuation and appraisal consistency.
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 | 2,111.641 |
| Lot Size | 18,840 | 12,541.641 |
| Price | $4.30M | $3.11M |
| Price per sq ft | $1.3K | $1.4K |
| Built year | 1959 | 1972 |
| HOA | $100.0 | $2.2K |
| Days on market | 30 | 81 |
Sep 24, 2026
$4,300,000
Initial Listing
Sep 8, 2023
$3,000,000
Public Record
Apr 18, 2023
$1,800,000
Public Record