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For sale
    • Price increase: $140K (6/19)
    $740,000

    37016 Palo Colorado Rd, Carmel, CA 93923

    2beds
    787sqft
    : 
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    Single Family Residence
    Built in 1950
    1.5 Acres Lot
    $707,800 Zestimate®
    $940/sqft
    $-- HOA

    What's special

    Bright and inviting atmosphereNew flooringFresh interior paint
    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
    12 days
    |
    4,536
    |
    183
    |

    Likely to sell faster than

    Zillow last checked:

    Listing updated:

    Listed by:

    Heidi Cafarella DRE #01211136 619-400-7444,

    Esquire Realty

    Source: SDMLS,MLS#: 260014417MLS 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
      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: $969,000
      • Annual tax amount: $10,174
      • Date on market: 6/13/2026
      • Listing terms: Cash,Conventional,FHA,VA

        Estimated market value

        $707,800

        $672,000 - $743,000

        $3,683/mo

        Price history

        DateEventPrice
        6/19/2026Price change$740,000+23.3%$940/sqft
        Source: SDMLS #260014417 Report a problem
        6/13/2026Listed for sale$600,000$762/sqft
        Source: SDMLS #260014417 Report a problem
        6/13/2026Listing removed$600,000$762/sqft
        Source: SDMLS #250046033 Report a problem
        5/29/2026Price change$600,000-33.3%$762/sqft
        Source: SDMLS #250046033 Report a problem
        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

        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

        Monthly payment

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          All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
          HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
          Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
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          Climate risks

          Neighborhood: 93923

          Getting around

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