




228 Lower Walden Rd, Carmel, CA, 93923
About This Home
Offered for the first time in nearly 50 years, this extraordinary ocean view Carmel Highlands estate is a once-in-a-lifetime opportunity for coastal privacy and luxury convenience. Perched above the pristine Spindrift coast, it boasts sweeping, unobstructed whitewater views of Point Lobos and Yankee Point, and the orientation of the house enables views of the sun dropping into the ocean each night of the year. The architectural soul of the home has remained intact, with major renovations done so seamlessly that they feel original. Spanning four levels, the main house is sophisticated and features a sauna, steam shower, theater, and expansive terraces and balconies overlooking lush and mature grounds. Hand-carved limestone fireplaces sourced from Arroyo Seco with French-style cut brick lend warmth and timeless character in the library and living room. 2 flat, usable acres, comprised of two lots of record feature tranquil fountains and a rare, natural spring for the landscaping. A detached, 2-bay garage and private studio offer flexibility for guests or an on-property caretaker. Studded with redwoods and screened by dense hedges, the property provides serenity, security, and privacy. This is not just another house for sale, it is an opportunity to acquire a rare generational legacy
Getting Around
Schools
Construction
Condition
- Year built: 1937
Materials
- Foundation: Raised,Crawl Space
- Roof: Wood
Type & Style
- Home type: SingleFamily
- Property subType: Single Family Residence,Residential
Interior
Appliances
- Laundry features: Inside
Bedrooms & Bathrooms
- Bedrooms: 4
- Bathrooms: 5
- Full bathrooms: 4
- 1/2 bathrooms: 1
Dining Room
- Features: FormalDiningRoom
Family Room
- Features: SeparateFamilyRoom
Features
- Number of fireplaces: 3
- Fireplace features: Family Room,Living Room,Other,Wood Burning
Heating & Cooling
- Heating features: Central Forced Air
- Cooling features: Central Air
Interior Area
- Total structure area: 6,502
- Total interior livable area: 6,502 sqft
Property
Details
- Parcel number: 241202004000
- Zoning: Residential
- Special condition: Standard
Features
- Stories: 3
- Spa features: Other
- Has view: Yes
- View description: Ocean,Water
- Has water view: Yes
- Water view: Ocean,Water
Lot
- Lot size: 1.80 Acres
Parking
- Total spaces: 3
- Parking features: Detached
- Has garage: Yes
- Attached garage spaces: 2
- Covered spaces: 3
- Carport: Yes
- Carport spaces: 1
Climate Risk is Financial Risk
Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.
Biggest Threats for This Home
- Inland Flooding
- Earthquake
- Landslide
- Wildfire
How This Home’s Risks Compare
FEMA Declared Disasters in Monterey County and California
Understanding the Costs
Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.
Estimated Costs Today
| Monthly | Annual | |
|---|---|---|
| Mortgage | $35,142 | $421,704 |
| Home Insurance * | $1,322 | $15,864 |
| Property Taxes | $6,091 | $73,092 |
| Electricity | $1,394 | $16,731 |
| Total | $43,949 | $527,388 |
Income You'd Need if You Spent...
California FAIR Plan Programs
How Costs Could Change Over Time
Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.
Comparing Against the Market
Price Per Sq Ft
vs Other Active Listings
Avg $/sqft
vs Homes Sold Last Month
Median $/sqft
Current Market Trends
Median Price Per Square Foot
The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.
Historicals for This Listing
Zestimate History ($/sqft)
No zestimate history available
Price History
| Date | Event | Price |
|---|---|---|
| 2026-02-04 | Listed for sale | $6,950,000 |
| 2019-09-01 | Listing removed | $2,000 |
| 2019-08-16 | Listed for rent | $2,000 |
