Set across approximately 8 private acres in the redwood-lined seclusion of Palo Colorado Canyon, this offering presents a rare canvas for visionary redevelopment in one of the Central Coasts most atmospheric settings. Towering trees, usable land, and natural serenity define the environment, providing a compelling foundation for a future estate, retreat, or bespoke architectural expression. Existing artisan-style structures contribute character to the landscape; however, the property is best approached as a project opportunity. Improvements will require permitting, compliance work, or redevelopment, and buyers should independently investigate requirements and feasibility with Monterey County. The grounds offer multiple flat and functional areas suitable for planning, expansion, or new construction potential. Ideal for investors, builders, or end-users seeking to craft a legacy property from the ground up.
For sale
$1,395,000
38109 Palo Colorado Rd, Carmel, CA 93923
1beds
513sqft
Est.:
Single Family Residence, Residential
Built in 1989
7.9 Acres Lot
$-- Zestimate®
$2,719/sqft
$-- HOA
What's special
Existing artisan-style structuresUsable landTowering treesRedwood-lined seclusionNatural serenity
- 247 days |
- 6,805 |
- 299 |
Zillow last checked: 8 hours ago
Listing updated: February 10, 2026 at 11:10pm
Listed by:
Gianna Rose 02084955 831-597-2240,
Compass 831-318-0150
Source: MLSListings Inc,MLS#: ML82011593
Tour with a local agent
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 1
- Bathrooms: 1
- Full bathrooms: 1
Rooms
- Room types: Utility Room
Bedroom
- Features: LoftBedroom
Bathroom
- Features: OutsideAccess, StallShower, Tile
Dining room
- Features: DiningBar, NoFormalDiningRoom
Family room
- Features: KitchenFamilyRoomCombo
Heating
- Wood Stove, Wall Furnace
Cooling
- None
Appliances
- Included: Gas Cooktop, Refrigerator
- Laundry: None
Features
- One Or More Skylights, Open Beam Ceiling, Security Gate
- Flooring: Carpet, Stone, Wood
- Number of fireplaces: 1
- Fireplace features: Living Room, Outside, Wood Burning, Wood Burning Stove
Interior area
- Total structure area: 513
- Total interior livable area: 513 sqft
Property
Parking
- Parking features: Guest, Parking Area, Oversized
Features
- Stories: 2
- Patio & porch: Deck
- Exterior features: Barbecue, Storage Shed Structure, Drought Tolerant Plants
- Has view: Yes
- View description: Mountain(s)
Lot
- Size: 7.9 Acres
Details
- Additional structures: MiscellaneousStructures, Sheds
- Parcel number: 418131019000
- Zoning: RES ACG
- Special conditions: Standard
Construction
Type & style
- Home type: SingleFamily
- Architectural style: Cabin,Yurt
- Property subtype: Single Family Residence, Residential
Materials
- Foundation: Pillar/Post/Pier
- Roof: Composition
Condition
- New construction: No
- Year built: 1989
Utilities & green energy
- Gas: Generator, Other
- Utilities for property: Other
Community & HOA
Location
- Region: Carmel
Financial & listing details
- Price per square foot: $2,719/sqft
- Tax assessed value: $463,456
- Annual tax amount: $4,867
- Date on market: 6/19/2025
- Listing agreement: ExclusiveRightToSell
Estimated market value
Not available
Estimated sales range
Not available
$2,698/mo
Price history
Price history
| Date | Event | Price |
|---|---|---|
| 11/1/2025 | Price change | $1,395,000-6.7%$2,719/sqft |
Source:  MLSListings Inc #ML82011593 Report a problem | ||
| 7/5/2025 | Listed for sale | $1,495,000$2,914/sqft |
Source: MLSListings Inc #ML82011593 Report a problem | ||
| 7/1/2025 | Contingent | $1,495,000$2,914/sqft |
Source: MLSListings Inc #ML82011593 Report a problem | ||
| 6/19/2025 | Listed for sale | $1,495,000+367.2%$2,914/sqft |
Source: MLSListings Inc #ML82011593 Report a problem | ||
| 7/3/2002 | Sold | $320,000$624/sqft |
Source: Public Record Report a problem | ||
Public tax history
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $4,867 +3% | $463,456 +2% |
| 2024 | $4,727 +0.5% | $454,369 +2% |
| 2023 | $4,703 +3.4% | $445,460 +2% |
| 2022 | $4,548 +1% | $436,726 +2% |
| 2021 | $4,503 +2.2% | $428,163 +1% |
| 2020 | $4,407 +1.9% | $423,773 +2% |
| 2019 | $4,322 +1.9% | $415,464 +2% |
| 2018 | $4,243 +2.1% | $407,318 +2% |
| 2017 | $4,155 +1.6% | $399,332 +2% |
| 2016 | $4,089 +2.5% | $391,502 +1.5% |
| 2015 | $3,991 | $385,622 +2% |
| 2014 | $3,991 | $378,069 +2.5% |
| 2012 | -- | $368,982 +2% |
| 2011 | -- | $361,748 +0.8% |
| 2010 | -- | $359,045 -0.2% |
| 2009 | -- | $359,898 +2% |
| 2008 | -- | $352,842 +2% |
| 2007 | -- | $345,924 +2% |
| 2006 | -- | $339,142 +2% |
| 2005 | -- | $332,493 +2% |
| 2004 | -- | $325,974 +1.9% |
| 2003 | -- | $320,000 +172.8% |
| 2002 | -- | $117,298 +2% |
| 2001 | $1,163 | $114,999 +2% |
| 2000 | -- | $112,744 |
Find assessor info on the county website
BuyAbility℠ payment
Est. payment
$8,058/mo
Principal & interest
$6779
Property taxes
$1279
Climate risks
Neighborhood: 93923
Nearby schools
GreatSchools rating
- 8/10Carmel River Elementary SchoolGrades: K-5Distance: 11.5 mi
- 7/10Carmel Middle SchoolGrades: 6-8Distance: 11.1 mi
- 10/10Carmel High SchoolGrades: 9-12Distance: 12.1 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.
Local experts in 93923
Open to renting?
Browse rentals near this home.
