Offered for the first time in nearly 50 years, this extraordinary ocean view Carmel Highlands estate is a once-in-a-lifetime opportunity for coastal privacy and luxury convenience. Perched above the pristine Spindrift coast, it boasts sweeping, unobstructed whitewater views of Point Lobos and Yankee Point, and the orientation of the house enables views of the sun dropping into the ocean each night of the year. The architectural soul of the home has remained intact, with major renovations done so seamlessly that they feel original. Spanning four levels, the main house is sophisticated and features a sauna, steam shower, theater, and expansive terraces and balconies overlooking lush and mature grounds. Hand-carved limestone fireplaces sourced from Arroyo Seco with French-style cut brick lend warmth and timeless character in the library and living room. 2 flat, usable acres, comprised of two lots of record feature tranquil fountains and a rare, natural spring for the landscaping. A detached, 2-bay garage and private studio offer flexibility for guests or an on-property caretaker. Studded with redwoods and screened by dense hedges, the property provides serenity, security, and privacy. This is not just another house for sale, it is an opportunity to acquire a rare generational legacy
For sale
$6,950,000
228 Lower Walden Rd, Carmel, CA 93923
4beds
6,502sqft
Est.:
Single Family Residence, Residential
Built in 1937
1.8 Acres Lot
$6,365,100 Zestimate®
$1,069/sqft
$-- HOA
What's special
Extraordinary ocean viewSpanning four levelsTranquil fountainsStudded with redwoodsScreened by dense hedgesSteam showerPrivate studio
- 33 days |
- 7,570 |
- 422 |
Zillow last checked: 7 hours ago
Listing updated: March 01, 2026 at 07:30pm
Listed by:
Tim Allen 00891159 831-214-1990,
Coldwell Banker Realty 831-626-2221
Source: MLSListings Inc,MLS#: ML82033702
Tour with a local agent
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 4
- Bathrooms: 5
- Full bathrooms: 4
- 1/2 bathrooms: 1
Rooms
- Room types: Laundry, Office
Dining room
- Features: FormalDiningRoom
Family room
- Features: SeparateFamilyRoom
Heating
- Central Forced Air
Cooling
- Central Air
Appliances
- Laundry: Inside
Features
- Number of fireplaces: 3
- Fireplace features: Family Room, Living Room, Other, Wood Burning
Interior area
- Total structure area: 6,502
- Total interior livable area: 6,502 sqft
Video & virtual tour
Property
Parking
- Total spaces: 3
- Parking features: Detached
- Garage spaces: 2
- Carport spaces: 1
- Covered spaces: 3
Features
- Stories: 3
- Spa features: Other
- Has view: Yes
- View description: Ocean, Water
- Has water view: Yes
- Water view: Ocean,Water
Lot
- Size: 1.8 Acres
Details
- Parcel number: 241202004000
- Zoning: Residential
- Special conditions: Standard
Construction
Type & style
- Home type: SingleFamily
- Property subtype: Single Family Residence, Residential
Materials
- Foundation: Raised, Crawl Space
- Roof: Wood
Condition
- New construction: No
- Year built: 1937
Utilities & green energy
- Gas: PublicUtilities
- Water: Public
- Utilities for property: Public Utilities, Water Public
Community & HOA
Location
- Region: Carmel
Financial & listing details
- Price per square foot: $1,069/sqft
- Tax assessed value: $1,075,952
- Annual tax amount: $11,293
- Date on market: 2/4/2026
- Listing agreement: ExclusiveRightToSell
Estimated market value
$6,365,100
$5.98M - $6.68M
$4,311/mo
Price history
Price history
| Date | Event | Price |
|---|---|---|
| 2/4/2026 | Listed for sale | $6,950,000$1,069/sqft |
Source: | ||
| 9/1/2019 | Listing removed | $2,000 |
Source: Carmel Realty Company Report a problem | ||
| 8/16/2019 | Listed for rent | $2,000 |
Source: Carmel Realty Company Report a problem | ||
Public tax history
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $11,293 +3% | $1,075,952 +2% |
| 2024 | $10,968 -1.2% | $1,054,856 +2% |
| 2023 | $11,107 +3.3% | $1,034,174 +2% |
| 2022 | $10,748 +1% | $1,013,897 +2% |
| 2021 | $10,643 +2.1% | $994,018 +1% |
| 2020 | $10,421 +2.6% | $983,827 +2% |
| 2019 | $10,153 +1.9% | $964,537 +2% |
| 2018 | $9,968 +2.1% | $945,625 +2% |
| 2017 | $9,764 +1.6% | $927,085 +2% |
| 2016 | $9,611 +2.4% | $908,908 +1.5% |
| 2015 | $9,382 | $895,256 +2% |
| 2014 | $9,382 | $877,720 +2.5% |
| 2012 | -- | $856,623 +2% |
| 2011 | -- | $839,828 +0.8% |
| 2010 | -- | $833,552 -0.2% |
| 2009 | -- | $835,533 +2% |
| 2008 | -- | $819,151 +2% |
| 2007 | -- | $803,090 +2% |
| 2006 | -- | $787,344 +2% |
| 2005 | -- | $771,907 +2% |
| 2004 | -- | $756,772 +1.9% |
| 2003 | -- | $742,903 +2% |
| 2002 | -- | $728,337 +2% |
| 2001 | $7,124 | $714,057 +2% |
| 2000 | -- | $700,056 |
Find assessor info on the county website
BuyAbility℠ payment
Est. payment
$40,154/mo
Principal & interest
$33783
Property taxes
$6371
Climate risks
Neighborhood: 93923
Nearby schools
GreatSchools rating
- 9/10Carmel River Elementary SchoolGrades: K-5Distance: 3.3 mi
- 7/10Carmel Middle SchoolGrades: 6-8Distance: 3.9 mi
- 10/10Carmel High SchoolGrades: 9-12Distance: 4.4 mi
Schools provided by the listing agent
- District: CarmelUnified
Source: MLSListings Inc. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.




