Nestled in the heart of Palo Colorado Canyon, this refreshed 2-bedroom, 1-bath cottage offers a serene living experience surrounded by majestic redwoods and natural beauty. Recent updates include fresh interior paint and new flooring, creating a bright and inviting atmosphere while preserving the home’s cozy character. Spanning approximately 4.25 acres across multiple parcels, the property provides remarkable privacy, a seasonal creek flowing through the land, and a deep well with plentiful water supply. A spacious walk-out basement adds valuable storage and flexible use space. Secluded yet conveniently located, the home is just minutes from Garrapata Beach and a scenic drive to Big Sur, placing world-renowned coastline, hiking trails, and Highway 1 vistas within easy reach. Whether envisioned as a peaceful primary residence or a private weekend escape, this unique canyon property presents an exceptional opportunity to enjoy the natural beauty and timeless appeal of the Carmel–Big Sur region.
For sale
Price cut: $49K (1/20)
$950,000
37016 Palo Colorado Rd, Carmel, CA 93923
2beds
787sqft
Est.:
Single Family Residence
Built in 1950
1.5 Acres Lot
$914,900 Zestimate®
$1,207/sqft
$-- HOA
What's special
Bright and inviting atmosphereNew flooringFresh interior paintRemarkable privacy
- 59 days |
- 4,808 |
- 108 |
Zillow last checked:
Listing updated:
Listed by:
Heidi Cafarella DRE #01211136 619-400-7444,
Esquire Realty
Source: SDMLS,MLS#: 250046033
Originating MLS: San Diego Association of REALTOR
Tour with a local agent
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 2
- Bathrooms: 1
- Full bathrooms: 1
Heating
- Fireplace, Forced Air Unit
Cooling
- N/K
Appliances
- Included: N/K
- Laundry: Gas
Interior area
- Total structure area: 787
- Total interior livable area: 787 sqft
Video & virtual tour
Property
Parking
- Total spaces: 1
- Parking features: None Known
Features
- Levels: 1 Story
- Pool features: N/K
- Fencing: N/K
Lot
- Size: 1.5 Acres
Details
- Parcel number: 418031024000
Construction
Type & style
- Home type: SingleFamily
- Property subtype: Single Family Residence
Materials
- Wood
- Roof: Shingle
Condition
- Year built: 1950
Utilities & green energy
- Sewer: Septic Installed
- Water: Well
Community & HOA
Community
- Subdivision: OUT OF AREA
Location
- Region: Carmel
Financial & listing details
- Price per square foot: $1,207/sqft
- Tax assessed value: $969,000
- Annual tax amount: $10,174
- Date on market: 12/12/2025
- Listing terms: Cash,Conventional,FHA,VA
Foreclosure details
Estimated market value
$914,900
$869,000 - $961,000
$3,714/mo
Price history
Price history
| Date | Event | Price |
|---|---|---|
| 1/20/2026 | Price change | $950,000-4.9%$1,207/sqft |
Source: | ||
| 12/20/2025 | Listed for sale | $999,000+5.2%$1,269/sqft |
Source: | ||
| 5/3/2025 | Listing removed | $3,250$4/sqft |
Source: Zillow Rentals Report a problem | ||
| 4/28/2025 | Listed for rent | $3,250$4/sqft |
Source: Zillow Rentals Report a problem | ||
| 2/18/2025 | Listing removed | $3,250$4/sqft |
Source: Zillow Rentals Report a problem | ||
| 1/28/2025 | Listed for rent | $3,250$4/sqft |
Source: Zillow Rentals Report a problem | ||
| 12/28/2024 | Listing removed | $3,250$4/sqft |
Source: Zillow Rentals Report a problem | ||
| 12/25/2024 | Listed for rent | $3,250+8.3%$4/sqft |
Source: Zillow Rentals Report a problem | ||
| 11/10/2024 | Listing removed | $3,000-7.7%$4/sqft |
Source: Zillow Rentals Report a problem | ||
| 10/23/2024 | Price change | $3,250-7.1%$4/sqft |
Source: Zillow Rentals Report a problem | ||
| 10/17/2024 | Listed for rent | $3,500$4/sqft |
Source: Zillow Rentals Report a problem | ||
| 9/30/2024 | Listing removed | $3,500+20.7%$4/sqft |
Source: Zillow Rentals Report a problem | ||
| 9/12/2024 | Price change | $2,900+5.5%$4/sqft |
Source: Zillow Rentals Report a problem | ||
| 9/10/2024 | Listed for rent | $2,750$3/sqft |
Source: Zillow Rentals Report a problem | ||
| 5/28/2024 | Sold | $950,000-13.6%$1,207/sqft |
Source: | ||
| 4/16/2024 | Contingent | $1,100,000$1,398/sqft |
Source: | ||
| 3/7/2024 | Listed for sale | $1,100,000+280%$1,398/sqft |
Source: | ||
| 9/15/1999 | Sold | $289,500$368/sqft |
Source: Public Record Report a problem | ||
Public tax history
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $10,174 +123.1% | $969,000 +122.1% |
| 2024 | $4,559 +0.5% | $436,212 +2% |
| 2023 | $4,535 +3.4% | $427,659 +2% |
| 2022 | $4,386 +1% | $419,274 +2% |
| 2021 | $4,343 +2.2% | $411,054 +1% |
| 2020 | $4,250 +1.9% | $406,841 +2% |
| 2019 | $4,169 +1.8% | $398,864 +2% |
| 2018 | $4,094 +2.1% | $391,044 +2% |
| 2017 | $4,009 +1.6% | $383,377 +2% |
| 2016 | $3,945 +2.5% | $375,861 +1.5% |
| 2015 | $3,850 | $370,216 +2% |
| 2014 | $3,850 | $362,965 +2.5% |
| 2012 | -- | $354,241 +2% |
| 2011 | -- | $347,296 +0.8% |
| 2010 | -- | $344,701 -0.2% |
| 2009 | -- | $345,521 +2% |
| 2008 | -- | $338,747 +2% |
| 2007 | -- | $332,106 +2% |
| 2006 | -- | $325,595 +2% |
| 2005 | -- | $319,212 +2% |
| 2004 | -- | $312,953 +1.9% |
| 2003 | -- | $307,218 +2% |
| 2002 | -- | $301,195 +2% |
| 2001 | $2,982 | $295,290 +2% |
| 2000 | -- | $289,500 |
Find assessor info on the county website
BuyAbility℠ payment
Est. payment
$5,397/mo
Principal & interest
$4526
Property taxes
$871
Climate risks
Neighborhood: 93923
Nearby schools
GreatSchools rating
- NACaptain Cooper Elementary SchoolGrades: K-5Distance: 27.6 mi
- 7/10Carmel Middle SchoolGrades: 6-8Distance: 9.9 mi
- 10/10Carmel High SchoolGrades: 9-12Distance: 10.8 mi
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