Just past Palo Colorado Road on Highway 1, sits over 15 acres of iconic Big Sur coastline, pastureland and the old Palo Colorado Canyon schoolhouse. Its a place for cool morning walks along the cliffs and sunset meditation. From the bluff above, the quaint schoolhouse has stunning views that feed the imagination with inspiration and renewal. Inside the one bedroom, one and half bathroom rental, this 1,221 square foot schoolhouse maintains its rustic charm with open beamed ceilings, a free-standing fireplace and the line of windows that frame the unmatched beauty of this wild coast. Big Sur has its way of filling both heart and soul and this is a once in a life time opportunity to own a piece of the ultimate California dream.
For sale
$3,499,999
37305 Highway 1, Monterey, CA 93940
1beds
1,221sqft
Single Family Residence, Residential
Built in 1938
15.54 Acres Lot
$-- Zestimate®
$2,867/sqft
$-- HOA
What's special
Rustic charmFree standing fireplaceCoastal pasture landIconic big sur coastlineOpen beamed ceilingsStunning viewsQuaint one bedroom
- 930 days
- 2,665
- 236
Zillow last checked:
Listing updated:
Listed by:
Malone Hodges 01471087 831-601-4740,
Carmel Realty Company 831-622-1000,
Courtney G. Jones 01806907 831-233-4839,
Carmel Realty Company
Source: MLSListings Inc,MLS#: ML81958955
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 1
- Bathrooms: 1
- Full bathrooms: 1
Rooms
- Room types: Utility Room
Bedroom
- Features: GroundFloorBedroom
Bathroom
- Features: PrimaryStallShowers
Dining room
- Features: NoFormalDiningRoom
Family room
- Features: NoFamilyRoom
Kitchen
- Features: Countertop_Tile
Heating
- Fireplace(s), Wall Furnace
Cooling
- None
Appliances
- Included: Oven/Range, Refrigerator
Features
- Open Beam Ceiling, Walk-In Closet(s)
- Flooring: Hardwood, Tile, Vinyl Linoleum
- Number of fireplaces: 1
- Fireplace features: Living Room, Wood Burning Stove
Interior area
- Total structure area: 1,221
- Total interior livable area: 1,221 sqft
Video & virtual tour
Property
Parking
- Total spaces: 3
- Parking features: Detached
- Garage spaces: 2
Features
- Fencing: Partial
- Has view: Yes
- View description: Mountain(s), Ocean
- Has water view: Yes
- Water view: Ocean
Lot
- Size: 15.54 Acres
- Features: Farm Animals Restricted
Details
- Parcel number: 243262007000
- Zoning: WSC/40-D(CZ)
- Special conditions: Standard
- Horses can be raised: Yes
- Horse amenities: Pasture
Construction
Type & style
- Home type: SingleFamily
- Architectural style: Other,Vintage
- Property subtype: Single Family Residence, Residential
Materials
- Foundation: Crawl Space
- Roof: Composition
Condition
- New construction: No
- Year built: 1938
Utilities & green energy
- Gas: PropaneOnSite
- Sewer: Septic Tank
- Water: Well
- Utilities for property: Propane
Community & HOA
Location
- Region: Monterey
Financial & listing details
- Price per square foot: $2,867/sqft
- Tax assessed value: $5,519,322
- Date on market: 3/26/2024
- Listing agreement: ExclusiveRightToSell
- Listing terms: CashorConventionalLoan
Estimated market value
Not available
Estimated sales range
Not available
Not available
Price history
| Date | Event | Price |
|---|---|---|
| 8/12/2026 | Listed for sale | $3,499,999$2,867/sqft |
Source:  MLSListings Inc #ML81958955 Report a problem | ||
| 11/11/2025 | Contingent | $3,499,999$2,867/sqft |
Source: MLSListings Inc #ML81958955 Report a problem | ||
| 8/25/2025 | Price change | $3,499,999-6.7%$2,867/sqft |
Source: MLSListings Inc #ML81958955 Report a problem | ||
| 8/23/2025 | Listed for sale | $3,750,000$3,071/sqft |
Source: MLSListings Inc #ML81958955 Report a problem | ||
| 6/27/2025 | Contingent | $3,750,000$3,071/sqft |
Source: MLSListings Inc #ML81958955 Report a problem | ||
| 5/9/2025 | Listed for sale | $3,750,000-16.7%$3,071/sqft |
Source: MLSListings Inc #ML81958955 Report a problem | ||
| 9/23/2024 | Price change | $4,500,000-10%$3,686/sqft |
Source: MLSListings Inc #ML81958955 Report a problem | ||
| 6/27/2024 | Price change | $5,000,000-9.1%$4,095/sqft |
Source: MLSListings Inc #ML81958955 Report a problem | ||
| 3/26/2024 | Listed for sale | $5,500,000$4,505/sqft |
Source: MLSListings Inc #ML81958955 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2026 | -- | $5,519,322 +3522.5% |
| 2025 | $1,629 +2.9% | $152,362 +2% |
| 2024 | $1,582 +0.6% | $149,375 +2% |
| 2023 | $1,573 +3.4% | $146,447 +2% |
| 2022 | $1,522 +1% | $143,576 +2% |
| 2021 | $1,506 +2.2% | $140,762 +1% |
| 2020 | $1,474 +1.9% | $139,319 +2% |
| 2019 | $1,446 +1.7% | $136,588 +2% |
| 2018 | $1,421 +2.1% | $133,911 +2% |
| 2017 | $1,392 | $131,286 +2% |
| 2016 | -- | $128,712 +1.5% |
| 2015 | -- | $126,779 +2% |
| 2014 | -- | $124,296 +2.5% |
| 2012 | -- | $121,310 +2% |
| 2011 | -- | $118,932 +0.8% |
| 2010 | -- | $118,044 -0.2% |
| 2009 | -- | $118,325 +2% |
| 2008 | -- | $116,006 +2% |
| 2007 | -- | $113,733 +2% |
| 2006 | -- | $111,503 +2% |
| 2005 | -- | $109,317 +2% |
| 2004 | -- | $107,175 +1.9% |
| 2003 | -- | $105,212 +2% |
| 2002 | -- | $103,150 +2% |
| 2001 | $1,023 | $101,129 +2% |
| 2000 | -- | $99,146 |
Find assessor info on the county website
Monthly payment
Est. payment
Payment breakdown
Explore the cost of this home by adjusting the details. Changes won't be saved.Climate risks
Neighborhood: 93940
Nearby schools
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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