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. Short sale approved at 740K
For sale
$740,000
37016 Palo Colorado Rd, Carmel, CA 93923
2beds
787sqft
Single Family Residence
Built in 1950
1.5 Acres Lot
$718,900 Zestimate®
$940/sqft
$-- HOA
What's special
Bright and inviting atmosphereNew flooringFresh interior paint
- 106 days
- 2,361
- 154
Zillow last checked:
Listing updated:
Listed by:
Heidi Cafarella DRE #01211136 619-400-7444,
Esquire Realty
Source: SDMLS,MLS#: 260014417
Originating MLS: SDMLS
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
Video & virtual tour
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: $940/sqft
- Tax assessed value: $988,380
- Date on market: 6/13/2026
- Listing terms: Cash,Conventional,FHA,VA
Estimated market value
$718,900
$683,000 - $755,000
$3,303/mo
Price history
| Date | Event | Price |
|---|---|---|
| 6/19/2026 | Price change | $740,000+23.3%$940/sqft |
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| 6/13/2026 | Listed for sale | $600,000$762/sqft |
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| 6/13/2026 | Listing removed | $600,000$762/sqft |
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| 5/29/2026 | Price change | $600,000-33.3%$762/sqft |
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| 2/26/2026 | Price change | $900,000-5.3%$1,144/sqft |
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| 1/20/2026 | Price change | $950,000-4.9%$1,207/sqft |
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| 12/20/2025 | Listed for sale | $999,000+5.2%$1,269/sqft |
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| 5/3/2025 | Listing removed | $3,250$4/sqft |
Source: Zillow Rentals Report a problem | ||
| 4/28/2025 | Listed for rent | $3,250$4/sqft |
Source: Zillow Rentals Report a problem | ||
| 2/18/2025 | Listing removed | $3,250$4/sqft |
Source: Zillow Rentals Report a problem | ||
| 1/28/2025 | Listed for rent | $3,250$4/sqft |
Source: Zillow Rentals Report a problem | ||
| 12/28/2024 | Listing removed | $3,250$4/sqft |
Source: Zillow Rentals Report a problem | ||
| 12/25/2024 | Listed for rent | $3,250+8.3%$4/sqft |
Source: Zillow Rentals Report a problem | ||
| 11/10/2024 | Listing removed | $3,000-7.7%$4/sqft |
Source: Zillow Rentals Report a problem | ||
| 10/23/2024 | Price change | $3,250-7.1%$4/sqft |
Source: Zillow Rentals Report a problem | ||
| 10/17/2024 | Listed for rent | $3,500$4/sqft |
Source: Zillow Rentals Report a problem | ||
| 9/30/2024 | Listing removed | $3,500+20.7%$4/sqft |
Source: Zillow Rentals Report a problem | ||
| 9/12/2024 | Price change | $2,900+5.5%$4/sqft |
Source: Zillow Rentals Report a problem | ||
| 9/10/2024 | Listed for rent | $2,750$3/sqft |
Source: Zillow Rentals Report a problem | ||
| 5/28/2024 | Sold | $950,000-13.6%$1,207/sqft |
Source: | ||
| 4/16/2024 | Contingent | $1,100,000$1,398/sqft |
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| 3/7/2024 | Listed for sale | $1,100,000+280%$1,398/sqft |
Source: | ||
| 9/15/1999 | Sold | $289,500$368/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2026 | -- | $988,380 +2% |
| 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
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