37016 Palo Colorado Rd, Carmel, CA, 93923
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.
Getting Around
Car-Dependent
Very Limited Transit
Not Bike FriendlySchools
Construction
Condition
- Year built: 1950
Materials
- Roof: Shingle
- Construction materials: Wood
Type & Style
- Home type: SingleFamily
- Property subType: Single Family Residence
Interior
Appliances
- Appliances included: N/K
- Laundry features: Gas
Bedrooms & Bathrooms
- Bedrooms: 2
- Bathrooms: 1
- Full bathrooms: 1
Heating & Cooling
- Heating features: Fireplace,Forced Air Unit
- Cooling features: N/K
Interior Area
- Total structure area: 787
- Total interior livable area: 787 sqft
Property
Details
- Parcel number: 418031024000
Features
- Levels: 1 Story
- Pool features: N/K
- Fencing: N/K
Lot
- Lot size: 1.50 Acres
Parking
- Total spaces: 1
- Parking features: None Known
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
- Landslide
- Wildfire
- Earthquake
- Inland Flooding
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 | $3,741 | $44,892 |
| Home Insurance * | $140 | $1,680 |
| Property Taxes | $648 | $7,776 |
| Electricity | $398 | $4,786 |
| Total | $4,927 | $59,124 |
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)
Price History
| Date | Event | Price |
|---|---|---|
| 2026-02-26 | Price change | $900,000 |
| 2026-01-20 | Price change | $950,000 |
| 2025-12-20 | Listed for sale | $999,000 |
| 2025-05-03 | Listing removed | $3,250 |
| 2025-04-28 | Listed for rent | $3,250 |
| 2025-02-18 | Listing removed | $3,250 |
| 2025-01-28 | Listed for rent | $3,250 |
| 2024-12-28 | Listing removed | $3,250 |
| 2024-12-25 | Listed for rent | $3,250 |
| 2024-11-10 | Listing removed | $3,000 |
| 2024-10-23 | Price change | $3,250 |
| 2024-10-17 | Listed for rent | $3,500 |
| 2024-09-30 | Listing removed | $3,500 |
| 2024-09-12 | Price change | $2,900 |
| 2024-09-10 | Listed for rent | $2,750 |
| 2024-05-28 | Sold | $950,000 |
| 2024-04-16 | Contingent | $1,100,000 |
| 2024-03-07 | Listed for sale | $1,100,000 |
| 1999-09-15 | Sold | $289,500 |
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