38875 Palo Colorado Rd, Carmel, CA, 93923
About This Home
TWIN PEAKS RESERVE: This rare 96 acre Big Sur wild land is situated at one of the highest points on the Big Sur coast on the northern Santa Lucia Mountain Range: With 180 degree ocean views this remote and very private property has direct access to the Ventana Wilderness, the Los Padres National Forest and the Palo Corona Biological Preserve. High above the fog and the redwood canyons flowing down to the wide blue Pacific there are views southwest across the forested mountain wilderness to Pico Blanco and the Big Sur River watershed. There is easy access from a County Road off Hwy 1 onto a private gated well maintained unpaved road. It's a little over an hour from Carmel and the Monterey airport to your fully equipped off grid solar guest cottage. ( Shorter with a personal Joby Avaition eVTOL air taxi coming soon) Excellent spring water with 10,000 gallons storage that gravity feeds to the guest cottage and main house site. The original house site is ready for redevelopment as it was destroyed in the Soberanes fire of 2016 There is an additional 102 acre contiguous parcel of land available for sale
Getting Around
Car-Dependent
Very Limited Transit
Not Bike FriendlySchools
Construction
Condition
- Year built: 1997
Materials
- Foundation: Concrete Perimeter
- Roof: Composition
Type & Style
- Home type: SingleFamily
- Property subType: Single Family Residence,Residential
Interior
Bedrooms & Bathrooms
- Bedrooms: 1
- Bathrooms: 1
- Full bathrooms: 1
Dining Room
- Features: FormalDiningRoom
Family Room
- Features: NoFamilyRoom
Heating & Cooling
- Heating features: Electric
- Cooling features: None
Interior Area
- Total structure area: 680
- Total interior livable area: 680 sqft
Property
Details
- Parcel number: 418011066
- Zoning: CZ/40
- Special condition: Standard
Lot
- Lot size: 96 Acres
Parking
- Parking features: Guest,Oversized
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 | $6,320 | $75,840 |
| Home Insurance * | $237 | $2,844 |
| Property Taxes | $1,095 | $13,140 |
| Electricity | $398 | $4,786 |
| Total | $8,050 | $96,600 |
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 |
|---|---|---|
| 2026-03-16 | Listed for sale | $1,250,000 |
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