$475,000
Accepting Backup Offers

38250 Palo Colorado Road

Carmel, CA 93923
5.10 acres | #ML81966488
Listing OfficeKW Coastal Estates
Browse 140 photos
Type:Purchase
Structure:Land
Zone:Residential

Description

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.

  • Property Details
      • ViewMountains, River, TreesWoods
      • Date ClosedFebruary 18, 2025
      • School DistrictCarmel Unified
      • MLS #ML81966488
      • MLS #ML81966488
      • Property TypePurchase
      • CountyMonterey
      • Original List Price$495,000
      • Cost475000
      • Sewer InformationOther
      • Utility SourceWell
      • Property SubtypeLand
      • Acres5.1

Location

Diana HernandezReal Estate Group
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10.0%

Interest Rate

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6.0%

Tax Rate

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2.6%
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Note: The results shown are estimates only and do not include all factors. Speak with a licensed agent or loan provider for exact details. This tool is sourced from CloseHack.

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