
Carmel, California 93923
This Single Family Residence represents a High-Potential Investment Opportunity, listed at $1,499,000—positioned slightly above the $1,456,978 Fair Market Value. While the property requires modernization, its Condition Rating of 4 and expansive 0.81-acre lot offer significant upside for value-add renovations. The flexible floor plan, including a versatile bonus room and panoramic hill views, provides a solid foundation for customization. Located in the prestigious Carmel Unified School District, this property is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking a long-term project in a premier location.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 9805 Carmel Valley Road Subject 3 bd · 2 ba · 2,108 sqft · $676 | $1,425,000* List Price | 3 | 2 | 2,108 | $676 | - |
A 27460 Loma Del Rey Sold 4 bd · 3 ba · 2,494 sqft · $621 · 0.6 mi | $1,550,000 | 4 | 3 | 2,494 | $621 | 0.6 mi |
B 25550 Via Cazador Active 4 bd · 3 ba · 2,585 sqft · $617 · 0.8 mi | $1,595,000 List Price | 4 | 3 | 2,585 | $617 | 0.8 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1960 and maintained by the same family for 30 years, the home is functional but dated. Interior features like vertical wood paneling, older tile flooring, and mid-range renovations suggest updates are likely 20+ years old, requiring modernization in the kitchen and bathrooms.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 35284, living area = 2108.
The 2,108 sqft single-level floor plan includes a versatile bonus room that can easily serve as a fourth bedroom, home office, or family room, catering to diverse buyer needs.
Set on a generous 0.81-acre lot, the property features a flat fenced yard, majestic oaks, and a rare oversized greenhouse, offering exceptional space for gardening and outdoor recreation.
With 276 days on the market and a previous price reduction, the property may face challenges with buyer perception regarding its market positioning or condition.
Built in 1960 and held by the same family for 30 years, the home likely requires capital investment for cosmetic and functional updates to meet modern luxury standards.
Loved by the same family for nearly 30 years, this charming single-level home exudes warmth, comfort, and an easy Carmel Valley lifestyle. The flexible floor plan offers three bedrooms and two bathrooms, anchored by open, connected living and dining spaces that are ideal for everyday living and effortless entertaining. A versatile bonus room provides valuable extra space and could function as a fourth bedroom, cozy family room, playroom, or home officewhatever best suits your needs. Outside, a flat, fully fenced front yard is framed by majestic oaks creating a welcoming first impression and a safe place for kids and pets to play. Additional outdoor areas include raised garden beds, a private back patio perfect for al fresco dining, and an oversized greenhouse that extends the growing season and offers endless possibilities for those with a green thumb. This is a home that has been lovingly enjoyed for decades and is ready to be cherished by its next owners. With a wonderful mid-valley location, this is your chance to call Carmel Valley home!
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 3.0 |
| Baths | 2.0 | 2.8 |
| Square foot | 2,108 | 2,111.641 |
| Lot Size | 35,284 | 12,541.641 |
| Price | $1.43M | $3.11M |
| Price per sq ft | $676 | $1.4K |
| Built year | 1960 | 1972 |
| HOA | $0 | $2.2K |
| Days on market | 318 | 81 |
Sep 23, 2026
$1,425,000
$1,499,000
-5% Price Drop
Initial Listing
Apr 21, 2026
$1,499,000
$1,550,000
-3% Price Drop
Initial Listing
Dec 10, 2025
$1,550,000
Initial Listing
Nov 20, 1997
$352,500
Public Record