Skip main navigation
For sale
  • Price cut: $49K (1/20)
    $950,000

    37016 Palo Colorado Rd, Carmel, CA 93923

    2beds
    787sqft
    : 
    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
    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.
    59 days
    |
    4,808
    |
    108
    |

    Zillow last checked:

    Listing updated:

    Listed by:

    Heidi Cafarella DRE #01211136 619-400-7444,

    Esquire Realty

    Source: SDMLS,MLS#: 250046033MLS LogoOriginating 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
    Get pre-qualifiedBe ready to make an offer.
    Connect with an agentGet info on this home, tour, and more.
    Calculate monthly paymentSee if you can afford this home.

    Foreclosure details

    Estimated market value

    $914,900

    $869,000 - $961,000

    $3,714/mo

    Price history

    Price history
    DateEventPrice
    1/20/2026Price change$950,000-4.9%$1,207/sqft
    Source: SDMLS #250046033 Report a problem
    12/20/2025Listed for sale$999,000+5.2%$1,269/sqft
    Source: SDMLS #250046033 Report a problem
    5/3/2025Listing removed$3,250$4/sqft
    Source: Zillow Rentals Report a problem
    4/28/2025Listed for rent$3,250$4/sqft
    Source: Zillow Rentals Report a problem
    2/18/2025Listing removed$3,250$4/sqft
    Source: Zillow Rentals Report a problem
    1/28/2025Listed for rent$3,250$4/sqft
    Source: Zillow Rentals Report a problem
    12/28/2024Listing removed$3,250$4/sqft
    Source: Zillow Rentals Report a problem
    12/25/2024Listed for rent$3,250+8.3%$4/sqft
    Source: Zillow Rentals Report a problem
    11/10/2024Listing removed$3,000-7.7%$4/sqft
    Source: Zillow Rentals Report a problem
    10/23/2024Price change$3,250-7.1%$4/sqft
    Source: Zillow Rentals Report a problem
    10/17/2024Listed for rent$3,500$4/sqft
    Source: Zillow Rentals Report a problem
    9/30/2024Listing removed$3,500+20.7%$4/sqft
    Source: Zillow Rentals Report a problem
    9/12/2024Price change$2,900+5.5%$4/sqft
    Source: Zillow Rentals Report a problem
    9/10/2024Listed for rent$2,750$3/sqft
    Source: Zillow Rentals Report a problem
    5/28/2024Sold$950,000-13.6%$1,207/sqft
    Source: MLSListings Inc #ML81956750 Report a problem
    4/16/2024Contingent$1,100,000$1,398/sqft
    Source: MLSListings Inc #ML81956750 Report a problem
    3/7/2024Listed for sale$1,100,000+280%$1,398/sqft
    Source: MLSListings Inc #ML81956750 Report a problem
    9/15/1999Sold$289,500$368/sqft
    Source: Public Record Report a problem

    Public tax history

    Public tax history
    YearProperty taxesTax 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

      Similar homes

      Skip to the end of the carouselSkip to the beginning of the carousel
      • Loading
      • Loading