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For sale
  • $6,950,000

    228 Lower Walden Rd, Carmel, CA 93923

    4beds
    6,502sqft
    : 
    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
    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
    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#: ML82033702MLS Logo

    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
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    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
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    Estimated market value

    $6,365,100

    $5.98M - $6.68M

    $4,311/mo

    Price history

    Price history
    DateEventPrice
    2/4/2026Listed for sale$6,950,000$1,069/sqft
    Source: MLSListings Inc #ML82033702 Report a problem
    9/1/2019Listing removed$2,000
    Source: Carmel Realty Company Report a problem
    8/16/2019Listed for rent$2,000
    Source: Carmel Realty Company Report a problem

    Public tax history

    Public tax history
    YearProperty taxesTax 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

      Getting around

      1 / 100
      Car-Dependent
      9 / 100
      Somewhat Bikeable

      Nearby schools

      GreatSchools rating
      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.

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