NOT LISTED FOR SALE

Estimated Value: $1,340,000 - $1,984,449

2.15 Acres
$818,674 Price per Acre
93,654 Sq Ft Lot

Last Sold January 17, 2025

Last sale price $1,950,000

Est. 10% decrease in value since last sale

Current estimated payment $10,941/month

184 Days on Market

Highlights

  • Ocean View
  • 2.15 Acre Lot
  • Secluded Lot
  • Carmel River Elementary School Rated A+

About This Lot

As of January 2025

RARE Carmel Highlands lot with ocean views! Build your dream home on this majestic 2+ acre lot offering gently sloped topography, level building envelopes with plenty of room for a multiple dwelling private compound. Roof deck featured in the plans to enjoy vast pacific ocean views. Architectural plans for a 3,091 main house, guest house, yoga studio/gym, garages and 3000 sq ft of patio decks for outdoor enjoyment ready for submittal by well known local architect Rob Carver, the Coastal Development application has been submitted to County Planning for review. There is a prolific new state of the art Well and underground utilities on site at the street making this a once in a lifetime opportunity. A short walk to to the legendary Carmel Highlands Inn, famous Point Lobos State Park or nature walks right from the property. Abundant wildlife, marine life and starry nights await. Minutes to Carmel white sand beaches, the charming Carmel Village or Pebble Beach for world class golf. This is your chance to build your dream home on the scenic Carmel Highlands coastline only minutes to Carmel.

Last Agent to Sell the Property

Michele Altman

Sotheby’s International Realty License #01310623 Listed on: 06/21/2024

Sotheby’s International Realty

Last Buyer's Agent

Ben Zoller

Monterey Coast Realty License #01967810

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $14,301

Lot Details

  • 2.15 Acre Lot
  • Secluded Lot
  • Mostly Level

Property Views

  • Ocean
  • Canyon
  • Forest

Additional Features

  • Horses Potentially Allowed on Property
  • Well

Property Details

Property Type

Land

Est. Annual Taxes

$14,301

Lot Details

0

Listing Details

  • Zoning: LDR - 1-D
  • Subclass: Residential Lot
  • Listing Class: Residential Lots & Land
  • Present Use: Vacant
  • Development Status: Recorded Parcel Map, Site Plan, Topographical Map Available
  • Special Features: None
  • Property Sub Type: LotsLands

Exterior Features

  • View: Canyon, Forest / Woods, Ocean
  • Horse Property: Possible
  • Fencing: Surveyed

Schools

  • School District: Carmel Unified

Lot Info

  • Lot Description: Grade - Mostly Level, Private / Secluded, Views
  • Lot Acres: 2.1500
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 93654.00
  • Lot Size Area Maximum Units: Square Feet
  • Maximum Lot Size: 93654.00
  • Parcel Access: Paved Road

Multi Family

  • Utilities: Electricity - On Site, Gas - Tbd

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 21, 2024
Closed on
Jan 9, 2025
Sold by
Balgreggan Investments Ltd
Bought by
Rubenstein Gregory Michael and Rubenstein Whitney Richey
Seller's Agent
Michele Altman
Sotheby’s International Realty
Buyer's Agent
Ben Zoller
Monterey Coast Realty
List Price
$2,400,000
Sold Price
$1,950,000
Premium/Discount to List
-$450,000
-18.75%
Views
79
Current Estimated Value
$1,760,150

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$189,850
Avg. Annual Appreciation
-18.86%

Purchase Details

Listed on
Nov 10, 2020
Closed on
May 25, 2022
Sold by
Dulchinos John Demetrios and Cummins Lisa Marie
Bought by
Balgreggan Investments Ltd
Seller's Agent
Michele Altman
Sotheby’s International Realty
Buyer's Agent
Michele Altman
Sotheby’s International Realty
List Price
$980,000
Sold Price
$1,325,000
Premium/Discount to List
$345,000
35.2%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
15.76%
Source: Public Records

Range of Values:

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Average Value
Not Available
List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Rubenstein Gregory Michael $1,950,000 Chicago Title Company
Balgreggan Investments Ltd $1,325,000 Chicago Title
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/17/2025 01/17/25 Sold $1,950,000 -18.8% --
12/23/2024 12/23/24 Pending -- -- --
06/21/2024 06/21/24 For Sale $2,400,000 +81.1% --
05/31/2022 05/31/22 Sold $1,325,000 0.0% --
03/08/2022 03/08/22 Pending -- -- --
12/01/2021 12/01/21 Off Market $1,325,000 -- --
12/01/2021 12/01/21 For Sale $980,000 -26.0% --
11/24/2021 11/24/21 Off Market $1,325,000 -- --
11/10/2020 11/10/20 For Sale $980,000 -- --
Source: MLSListings

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $14,301 $1,406,100 $1,406,100 --
2024 $14,301 $1,378,530 $1,378,530 --
2023 $14,227 $1,351,500 $1,351,500 $0
2022 $9,967 $1,325,000 $1,325,000 $0
2021 $9,868 $940,517 $940,517 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLSListings

MLS Number: ML81970623

MLSListings

APN: 241-112-014-000