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For sale
  • Price cut: $50K (2/26)
    $900,000

    37016 Palo Colorado Rd, Carmel, CA 93923

    2beds
    787sqft
    : 
    Single Family Residence
    Built in 1950
    1.5 Acres Lot
    $865,800 Zestimate®
    $1,144/sqft
    $-- HOA

    What's special

    Bright and inviting atmosphereNew flooringFresh interior paintRemarkable privacy
    Nestled in the heart of Palo Colorado Canyon, this refreshed 2-bedroom, 1-bath cottage offers a serene living experience surrounded by majestic redwoods and natural beauty. Recent updates include fresh interior paint and new flooring, creating a bright and inviting atmosphere while preserving the home’s cozy character. Spanning approximately 4.25 acres across multiple parcels, the property provides remarkable privacy, a seasonal creek flowing through the land, and a deep well with plentiful water supply. A spacious walk-out basement adds valuable storage and flexible use space. Secluded yet conveniently located, the home is just minutes from Garrapata Beach and a scenic drive to Big Sur, placing world-renowned coastline, hiking trails, and Highway 1 vistas within easy reach. Whether envisioned as a peaceful primary residence or a private weekend escape, this unique canyon property presents an exceptional opportunity to enjoy the natural beauty and timeless appeal of the Carmel–Big Sur region.
    96 days
    |
    4,896
    |
    127
    |

    Zillow last checked: 7 hours ago

    Listing updated: March 18, 2026 at 02:22pm

    Listed by:

    Heidi Cafarella DRE #01211136 619-400-7444,

    Esquire Realty

    Source: SDMLS,MLS#: 250046033MLS LogoOriginating MLS: San Diego Association of REALTOR

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      Facts & features

      Interior

      Bedrooms & bathrooms
      • Bedrooms: 2
      • Bathrooms: 1
      • Full bathrooms: 1
      Heating
      • Fireplace, Forced Air Unit
      Cooling
      • N/K
      Appliances
      • Included: N/K
      • Laundry: Gas
      Interior area
      • Total structure area: 787
      • Total interior livable area: 787 sqft
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      Property

      Parking
      • Total spaces: 1
      • Parking features: None Known
      Features
      • Levels: 1 Story
      • Pool features: N/K
      • Fencing: N/K
      Lot
      • Size: 1.5 Acres
      Details
      • Parcel number: 418031024000

      Construction

      Type & style
      • Home type: SingleFamily
      • Property subtype: Single Family Residence
      Materials
      • Wood
      • Roof: Shingle
      Condition
      • Year built: 1950

      Utilities & green energy

      • Sewer: Septic Installed
      • Water: Well

      Community & HOA

      Community
      • Subdivision: OUT OF AREA
      Location
      • Region: Carmel

      Financial & listing details

      • Price per square foot: $1,144/sqft
      • Tax assessed value: $969,000
      • Annual tax amount: $10,174
      • Date on market: 12/12/2025
      • Listing terms: Cash,Conventional,FHA,VA
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        Foreclosure details

        Estimated market value

        $865,800

        $823,000 - $909,000

        $3,979/mo

        Price history

        Price history
        DateEventPrice
        2/26/2026Price change$900,000-5.3%$1,144/sqft
        Source: SDMLS #250046033 Report a problem
        1/20/2026Price change$950,000-4.9%$1,207/sqft
        Source: SDMLS #250046033 Report a problem
        12/20/2025Listed for sale$999,000+5.2%$1,269/sqft
        Source: SDMLS #250046033 Report a problem
        5/3/2025Listing removed$3,250$4/sqft
        Source: Zillow Rentals Report a problem
        4/28/2025Listed for rent$3,250$4/sqft
        Source: Zillow Rentals Report a problem
        2/18/2025Listing removed$3,250$4/sqft
        Source: Zillow Rentals Report a problem
        1/28/2025Listed for rent$3,250$4/sqft
        Source: Zillow Rentals Report a problem
        12/28/2024Listing removed$3,250$4/sqft
        Source: Zillow Rentals Report a problem
        12/25/2024Listed for rent$3,250+8.3%$4/sqft
        Source: Zillow Rentals Report a problem
        11/10/2024Listing removed$3,000-7.7%$4/sqft
        Source: Zillow Rentals Report a problem
        10/23/2024Price change$3,250-7.1%$4/sqft
        Source: Zillow Rentals Report a problem
        10/17/2024Listed for rent$3,500$4/sqft
        Source: Zillow Rentals Report a problem
        9/30/2024Listing removed$3,500+20.7%$4/sqft
        Source: Zillow Rentals Report a problem
        9/12/2024Price change$2,900+5.5%$4/sqft
        Source: Zillow Rentals Report a problem
        9/10/2024Listed for rent$2,750$3/sqft
        Source: Zillow Rentals Report a problem
        5/28/2024Sold$950,000-13.6%$1,207/sqft
        Source: MLSListings Inc #ML81956750 Report a problem
        4/16/2024Contingent$1,100,000$1,398/sqft
        Source: MLSListings Inc #ML81956750 Report a problem
        3/7/2024Listed for sale$1,100,000+280%$1,398/sqft
        Source: MLSListings Inc #ML81956750 Report a problem
        9/15/1999Sold$289,500$368/sqft
        Source: Public Record Report a problem

        Public tax history

        Public tax history
        YearProperty taxesTax assessment
        2025$10,174 +123.1%$969,000 +122.1%
        2024$4,559 +0.5%$436,212 +2%
        2023$4,535 +3.4%$427,659 +2%
        2022$4,386 +1%$419,274 +2%
        2021$4,343 +2.2%$411,054 +1%
        2020$4,250 +1.9%$406,841 +2%
        2019$4,169 +1.8%$398,864 +2%
        2018$4,094 +2.1%$391,044 +2%
        2017$4,009 +1.6%$383,377 +2%
        2016$3,945 +2.5%$375,861 +1.5%
        2015$3,850 $370,216 +2%
        2014$3,850 $362,965 +2.5%
        2012-- $354,241 +2%
        2011-- $347,296 +0.8%
        2010-- $344,701 -0.2%
        2009-- $345,521 +2%
        2008-- $338,747 +2%
        2007-- $332,106 +2%
        2006-- $325,595 +2%
        2005-- $319,212 +2%
        2004-- $312,953 +1.9%
        2003-- $307,218 +2%
        2002-- $301,195 +2%
        2001$2,982 $295,290 +2%
        2000-- $289,500

        Find assessor info on the county website

        BuyAbility℠ payment

        Est. payment
        $5,365/mo
        Principal & interest
        $4540
        Property taxes
        $825
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