No longer listed

We last saw this home in the MLS feed on Jul 26. It may have sold, or the seller may have taken it off the market — the feed doesn't say which.

$1,395,000~~$1,495,000~~▼ $100K price cut

38109 Palo Colorado Road, Carmel, CA 93923

No longer listed

$1.5M$1.4M$100K below original ask (7%)

48% below the Carmel median of $2.7M (99 active listings)

41% of Carmel listings have cut their price · half have been listed 80+ days

1beds

1baths

513sqft

$2719/sqft

About this home

Set across approximately 8 private acres in the redwood-lined seclusion of Palo Colorado Canyon, this offering is being sold strictly for land value and redevelopment potential. The property currently has an active Monterey County code enforcement citation, and all existing structures are red-tagged and deemed uninhabitable by Monterey County. No structures may be occupied or used in their present condition. All improvements on site will require extensive permitting, compliance work, and County approvals to address violations. Buyers should expect a significant regulatory process, which may include full remediation, reconstruction, or complete demolition of existing structures, subject to County requirements. The property is best suited for experienced investors, contractors, or buyers prepared to navigate Monterey Countys planning and building departments. The land itself offers a rare combination of privacy, natural beauty, and multiple usable areas beneath mature redwoods, creating long-term potential for a future residence or retreat once approvals are obtained. Buyer to independently verify all development possibilities, permitting pathways, timelines, and costs with Monterey County.