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Sold for $460,000
  • $460,000

    38250 Palo Colorado Rd, Carmel, CA 93923

    --beds
    --baths
    5.1Acres
    Residential Lot, Unimproved Land
    Built in ----
    5.1 Acres Lot
    $-- Zestimate®
    $--/sqft
    $3,385 Estimated rent

    Home value

    Not available

    Estimated sales range

    Not available

    $3,385/mo

    Zestimate® history
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    What's special

    Absolutely beautiful property filled with soaring old-growth redwoods, lush greenery, and two year-round creeks. This gorgeous and magical 5.1 acre parcel is easy to reach and is only 14 miles south of Carmel and only 3 miles from Scenic Hwy 1 on Palo Colorado Canyon. There is approximately 1000 feet of Rocky Creek river frontage along the south border of the parcel and the smaller Brandon Creek runs right through the middle of the property. There are several flat, usable areas, including a fantastic location to build your mountain dream home! Previous owners had received an approved combined development permit to build a 3200 square foot house, but they did not get the chance to build. There is an existing well on the property and the power lines are accessible at the street, so this is a fantastic opportunity for someone to pick up where the previous owners left off and build a fantastic mountain retreat that is only 20 minutes from town. Prior plans and reports are available.

    Zillow last checked: 8 hours ago

    Listing updated: January 29, 2026 at 07:28am

    Listed by:

    Doug Toby 01239501 831-261-7374,

    KW Coastal Estates 831-622-6200

    Bought with:

    Doug Toby, 01239501

    KW Coastal Estates

    Source: MLSListings Inc,MLS#: ML81966488MLS Logo

    Facts & features

    Property

    Features
    • Fencing: None
    • Has view: Yes
    • View description: Forest/Woods, Mountain(s)
    Lot
    • Size: 5.10 Acres
    • Features: Grade Varies
    Details
    • Additional structures: Sheds
    • Parcel number: 418131024000
    • Zoning: RDR/40(CZ)
    • Special conditions: Standard

    Utilities & green energy

    • Sewer: Other
    • Water: Well

    Community & neighborhood

    Location
    • Region: Carmel

    Other

    Other facts
    • Listing agreement: ExclusiveRightToSell

    Price history

    DateEventPrice
    2/18/2025Sold$460,000-3.2%
    Source: MLSListings Inc #ML81966488 Report a problem
    12/20/2024Contingent$475,000
    Source: MLSListings Inc #ML81966488 Report a problem
    11/19/2024Listed for sale$475,000
    Source: MLSListings Inc #ML81966488 Report a problem
    11/2/2024Contingent$475,000
    Source: MLSListings Inc #ML81966488 Report a problem
    10/22/2024Price change$475,000-4%
    Source: MLSListings Inc #ML81966488 Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2025$4,881 +3%$464,798 +2%
    2024$4,741 +0.5%$455,685 +2%
    2023$4,716 +3.4%$446,750 +2%

    Find assessor info on the county website

    Neighborhood: 93923

    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.