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$4,475,000

331 5th Avenue, Carmel, CA 93921

79% above the Carmel median of $2.5M (97 active listings)

51% of Carmel listings have cut their price · half have been listed 76+ days

3beds
2baths
1,557sqft
$2874/sqft

Open House

Sat, Sep 26·12:00 PM – 2:00 PM

Stop by during open house hours — no appointment needed.

About this home

On the northwest side of downtown Carmel-by-the-Sea, this is the ultimate pied-a -terre. Once you arrive at Gem by the Sea, no car will ever be needed. Just moments from the buzz of cafes, wine tasting rooms, gourmet dining and art galleries of the village and a leisurely stroll to the white sands of Carmel Beach. This is truly a vacation home. New construction in 2014, the home has been maintained perfectly, the residence feels fresh, intentional, and timeless. The interior is defined by rich hardwood floors and millwork detailing that echoes the classic Carmel aesthetic while offering the modern comforts of a newer build. The main level is thoughtfully designed with two bedrooms, ideal for guests or a home office, while the primary suite claims the entire upper level. Accessed by a gentle set of stairs, this retreat features a private deck with ocean views and a spa-like bathroom complete with a freestanding tub and separate shower. Turn-key coastal elegance, this cottage offers a level of privacy and craftsmanship that is increasingly hard to find. Features AC, Ocean Views, Exterior Spa and attached 1 Car Garage.

Property details

Property type
Single Family
Year built
2014
Lot size
5,080 sqft
Garage spaces
1
Parking spaces
1
Stories
2
View
Forest / Woods,Ocean,Water
County
Monterey
Listed
today
MLS #
82062124
Listed by
BambacePetersonTeam · Compass

Features

  • Attached Garage
  • Off-Street Parking
  • Forced Air
  • Heat Pump
  • Central AC
  • Fireplace: Living Room
  • Fireplace: Outside
  • Fireplace: Primary Bedroom
  • Flooring: Hardwood
  • Flooring: Stone
  • Roof: Wood Shakes / Shingles
  • Construction: Wood Frame
  • High Ceiling
  • Skylight
  • Walk-in Closet
  • Fire System - Sprinkler
  • Low Flow Toilet
  • Thermostat Controller
  • Double Pane Windows
  • Lot: Grade - Gently Sloped
  • Utilities: Individual Gas Meters
  • Utilities: Public Utilities
  • Sewer: Sewer - Public
  • Sewer: Sewer Connected
  • Water: Individual Water Meter
  • Water: Public

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Location

Approximate location based on the listing address.

Copyright 2026 MLSListings Inc. Based on information from MLSListings MLS as of 9/26/2026. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. MLS Listing #82062124. Listing courtesy of Compass.