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For sale
  • $6,950,000

    228 Lower Walden Rd, Carmel, CA 93923

    4beds
    6,502sqft
    : 
    Single Family Residence, Residential
    Built in 1937
    1.8 Acres Lot
    $6,343,700 Zestimate®
    $1,069/sqft
    $-- HOA

    What's special

    Extraordinary ocean viewSpanning four levelsTranquil fountainsStudded with redwoodsScreened by dense hedgesSteam showerPrivate studio
    Offered for the first time in nearly 50 years, this extraordinary ocean view Carmel Highlands estate is a once-in-a-lifetime opportunity for coastal privacy and luxury convenience. Perched above the pristine Spindrift coast, it boasts sweeping, unobstructed whitewater views of Point Lobos and Yankee Point, and the orientation of the house enables views of the sun dropping into the ocean each night of the year. The architectural soul of the home has remained intact, with major renovations done so seamlessly that they feel original. Spanning four levels, the main house is sophisticated and features a sauna, steam shower, theater, and expansive terraces and balconies overlooking lush and mature grounds. Hand-carved limestone fireplaces sourced from Arroyo Seco with French-style cut brick lend warmth and timeless character in the library and living room. 2 flat, usable acres, comprised of two lots of record feature tranquil fountains and a rare, natural spring for the landscaping. A detached, 2-bay garage and private studio offer flexibility for guests or an on-property caretaker. Studded with redwoods and screened by dense hedges, the property provides serenity, security, and privacy. This is not just another house for sale, it is an opportunity to acquire a rare generational legacy
    42 days
    |
    6,645
    |
    365
    |

    Zillow last checked: 7 hours ago

    Listing updated: March 01, 2026 at 07:30pm

    Listed by:

    Tim Allen 00891159 831-214-1990,

    Coldwell Banker Realty 831-626-2221

    Source: MLSListings Inc,MLS#: ML82033702MLS Logo

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      Facts & features

      Interior

      Bedrooms & bathrooms
      • Bedrooms: 4
      • Bathrooms: 5
      • Full bathrooms: 4
      • 1/2 bathrooms: 1
      Rooms
      • Room types: Laundry, Office
      Dining room
      • Features: FormalDiningRoom
      Family room
      • Features: SeparateFamilyRoom
      Heating
      • Central Forced Air
      Cooling
      • Central Air
      Appliances
      • Laundry: Inside
      Features
      • Number of fireplaces: 3
      • Fireplace features: Family Room, Living Room, Other, Wood Burning
      Interior area
      • Total structure area: 6,502
      • Total interior livable area: 6,502 sqft
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      Property

      Parking
      • Total spaces: 3
      • Parking features: Detached
      • Garage spaces: 2
      • Carport spaces: 1
      • Covered spaces: 3
      Features
      • Stories: 3
      • Spa features: Other
      • Has view: Yes
      • View description: Ocean, Water
      • Has water view: Yes
      • Water view: Ocean,Water
      Lot
      • Size: 1.8 Acres
      Details
      • Parcel number: 241202004000
      • Zoning: Residential
      • Special conditions: Standard

      Construction

      Type & style
      • Home type: SingleFamily
      • Property subtype: Single Family Residence, Residential
      Materials
      • Foundation: Raised, Crawl Space
      • Roof: Wood
      Condition
      • New construction: No
      • Year built: 1937

      Utilities & green energy

      • Gas: PublicUtilities
      • Water: Public
      • Utilities for property: Public Utilities, Water Public

      Community & HOA

      Location
      • Region: Carmel

      Financial & listing details

      • Price per square foot: $1,069/sqft
      • Tax assessed value: $1,075,952
      • Annual tax amount: $11,293
      • Date on market: 2/4/2026
      • Listing agreement: ExclusiveRightToSell
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        Estimated market value

        $6,343,700

        $6.03M - $6.66M

        $4,311/mo

        Price history

        Price history
        DateEventPrice
        2/4/2026Listed for sale$6,950,000$1,069/sqft
        Source: MLSListings Inc #ML82033702 Report a problem
        9/1/2019Listing removed$2,000
        Source: Carmel Realty Company Report a problem
        8/16/2019Listed for rent$2,000
        Source: Carmel Realty Company Report a problem

        Public tax history

        Public tax history
        YearProperty taxesTax assessment
        2025$11,293 +3%$1,075,952 +2%
        2024$10,968 -1.2%$1,054,856 +2%
        2023$11,107 +3.3%$1,034,174 +2%
        2022$10,748 +1%$1,013,897 +2%
        2021$10,643 +2.1%$994,018 +1%
        2020$10,421 +2.6%$983,827 +2%
        2019$10,153 +1.9%$964,537 +2%
        2018$9,968 +2.1%$945,625 +2%
        2017$9,764 +1.6%$927,085 +2%
        2016$9,611 +2.4%$908,908 +1.5%
        2015$9,382 $895,256 +2%
        2014$9,382 $877,720 +2.5%
        2012-- $856,623 +2%
        2011-- $839,828 +0.8%
        2010-- $833,552 -0.2%
        2009-- $835,533 +2%
        2008-- $819,151 +2%
        2007-- $803,090 +2%
        2006-- $787,344 +2%
        2005-- $771,907 +2%
        2004-- $756,772 +1.9%
        2003-- $742,903 +2%
        2002-- $728,337 +2%
        2001$7,124 $714,057 +2%
        2000-- $700,056

        Find assessor info on the county website

        BuyAbility℠ payment

        Est. payment
        $41,306/mo
        Principal & interest
        $34935
        Property taxes
        $6371
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          Climate risks

          Neighborhood: 93923

          Getting around

          1 / 100
          Car-Dependent
          10 / 100
          Somewhat Bikeable

          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.

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