Carmel Estate with Panoramic Ocean and Bay Views on 5 Acres
Behind private gates and set on five acres surrounded by majestic Monterey pines, this remarkable Carmel property enjoys sweeping ocean and bay views across Monterey Bay, the Monterey shoreline, and on clear days, all the way to Santa Cruz. Watch sailboats cross the bay, enjoy the city lights after sunset, and take in the peaceful surroundings from this extraordinary setting. The approximately 3,123-square-foot home offers 3 bedrooms, 3.5 bathrooms, a formal dining room, a boiler heating system, and three wood-burning fireplaces, including fireplaces in the family room and primary suite. An impressive 1,400 square foot four-car garage with workshop provides abundant space for vehicles, storage, hobbies and workshop. Walls of glass bring in natural light and frame the stunning vistas from the main living areas.
Masterfully designed to blend into its surroundings, the home's architecture embraces the landscape with warm materials, inviting spaces, and a strong connection to the outdoors. The grounds include a gazebo, bocce ball court, and a full-scale backup generator. A rare offering that combines breathtaking ocean and bay views, complete privacy, five acres, and a location minutes from Carmel, Pebble Beach and Monterey.
For sale
Price cut: $200K (9/11)
$3,995,000
534 Aguajito Rd, Carmel, CA 93923
3beds
3,123sqft
Single Family Residence, Residential
Built in 1997
5 Acres Lot
$3,723,600 Zestimate®
$1,279/sqft
$-- HOA
What's special
- 95 days
- 2,032
- 107
Zillow last checked:
Listing updated:
Listed by:
Doug Steiny 00681652 831-236-7363,
Sotheby’s International Realty 831-624-1566
Source: MLSListings Inc,MLS#: ML82051497
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 3
- Bathrooms: 4
- Full bathrooms: 3
- 1/2 bathrooms: 1
Dining room
- Features: FormalDiningRoom
Family room
- Features: NoFamilyRoom
Heating
- Forced Air
Cooling
- None
Features
- Fireplace features: Family Room, Primary Bedroom, Wood Burning
Interior area
- Total structure area: 3,123
- Total interior livable area: 3,123 sqft
Video & virtual tour
Property
Parking
- Total spaces: 4
- Parking features: Detached, Electric Gate, Parking Area
- Garage spaces: 4
Features
- Stories: 2
Lot
- Size: 5 Acres
Details
- Parcel number: 103101003000
- Zoning: RDR/5.1-UR-D-S
- Special conditions: Standard
Construction
Type & style
- Home type: SingleFamily
- Property subtype: Single Family Residence, Residential
Materials
- Foundation: Slab
- Roof: Tile
Condition
- New construction: No
- Year built: 1997
Utilities & green energy
- Gas: PropaneOnSite, PublicUtilities
- Sewer: Septic Tank
- Water: Public
- Utilities for property: Propane, Public Utilities, Water Public
Community & HOA
Location
- Region: Carmel
Financial & listing details
- Price per square foot: $1,279/sqft
- Tax assessed value: $417,787
- Date on market: 6/18/2026
- Listing agreement: ExclusiveRightToSell
Estimated market value
$3,723,600
$3.54M - $3.91M
Not available
Price history
| Date | Event | Price |
|---|---|---|
| 9/11/2026 | Price change | $3,995,000-4.8%$1,279/sqft |
Source: | ||
| 9/9/2026 | Price change | $4,195,000-6.8%$1,343/sqft |
Source: | ||
| 6/18/2026 | Listed for sale | $4,500,000$1,441/sqft |
Source: | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2026 | -- | $417,787 +2% |
| 2025 | $4,682 +7.9% | $409,596 +2% |
| 2024 | $4,338 -1.2% | $401,566 +2% |
| 2023 | $4,390 +1.4% | $393,693 +2% |
| 2022 | $4,330 +1.5% | $385,975 +2% |
| 2021 | $4,269 +3.9% | $378,407 +1% |
| 2020 | $4,110 -4.6% | $374,528 +2% |
| 2019 | $4,311 +4.1% | $367,185 +2% |
| 2018 | $4,142 +7.8% | $359,987 +2% |
| 2017 | $3,842 +1.8% | $352,930 +2% |
| 2016 | $3,775 +3.2% | $346,011 +1.5% |
| 2015 | $3,658 | $340,814 +2% |
| 2014 | $3,658 | $334,139 +2.5% |
| 2012 | -- | $326,109 +2% |
| 2011 | -- | $319,716 +0.8% |
| 2010 | -- | $317,328 -0.2% |
| 2009 | -- | $318,082 +2% |
| 2008 | -- | $311,846 +2% |
| 2007 | -- | $305,732 +2% |
| 2006 | -- | $299,738 +2% |
| 2005 | -- | $293,862 +2% |
| 2004 | -- | $288,101 +1.9% |
| 2003 | -- | $282,822 +2% |
| 2002 | -- | $277,277 +2% |
| 2001 | $2,660 | $271,841 +2% |
| 2000 | -- | $266,511 |
Find assessor info on the county website
Monthly payment
Est. payment
Payment breakdown
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Neighborhood: 93923
Nearby schools
Schools provided by the listing agent
- District: MontereyPeninsulaUnified
Source: MLSListings Inc. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.




