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Carmel, CA

$740,000

37016 Palo Colorado Rd, Carmel, CA
2
Beds
1
Baths
787
Sq Ft
1950
Built
6
Days listed

About this home

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

Facts & features

Interior
Bedrooms
2
Bathrooms
1 full, 0 half
Living area
787 sq ft
Interior features
Bedroom On Main Level
Heating
Forced Air, Fireplaces, Propane, Natural Gas
Cooling
None
Laundry
Gas Dryer Hookup, See Remarks
Levels
One
Exterior & lot
Lot size
1.5 acres (65,340 sq ft)
Pool
None
Year built
1950
Parking
Driveway, Other
Parking spaces
1
Community
County
Monterey
Listing details
Status
Active
Property type
Single Family Residence
Days on market
6
Listed
2026-06-13
Original price
$600,000
Terms
Cash, Conventional, FHA, Va Loan
Parcel #
418031024000
MLS #
260014417SD
Listed by
Heidi Cafarella · Esquire Realty

Location

Price history

Listed
$600,000 · 2026-06-13
Days on market
6
Current price
$740,000
Financing

Could this home be yours?

Estimated monthly payment
$4,642
$3,742 principal & interest · $900 taxes & insurance
$148,000
Estimate only
Loan $592,000

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Estimated value range nearby
$418,086$490,797

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Listing data provided by CRMLS

Listing courtesy of Esquire Realty. © 2026. The multiple listing data appearing on this website is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for the consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the consumer may be interested in purchasing. All data, including but not limited to all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed. Last updated July 26, 2026 Equal Housing Opportunity.

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