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38250 Palo Colorado RD, Carmel, CA 93923

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For Sale
Sale Pending

$475,000

5.1 acres

Estimated Payment

$ 2,467 /mo. †

6.76% APR for 30 yrs.
$0 in taxes
Change Loan Terms

  • Other Residential
    Property type

  • 5.1 acres
    Lot size

Explore this Property

Absolutely beautiful property filled with soaring old-growth redwoods, lush greenery, and two year-round creeks. This gorgeous and magical 5.1 acre parcel is easy to reach and is only 14 miles south of Carmel and only 3 miles from Scenic Hwy 1 on Palo Colorado Canyon. There is approximately 1000 feet of Rocky Creek river frontage along the south border of the parcel and the smaller Brandon Creek runs right through the middle of the property. There are several flat, usable areas, including a fantastic location to build your mountain dream home! Previous owners had received an approved combined development permit to build a 3200 square foot house, but they did not get the chance to build. There is an existing well on the property and the power lines are accessible at the street, so this is a fantastic opportunity for someone to pick up where the previous owners left off and build a fantastic mountain retreat that is only 20 minutes from town. Prior plans and reports are available.
MLS# ML81966488

Courtesy Of Keller Williams Coastal Estates

(831) 622-6200

Property Features

  • Architecture Style
    Other
  • Lot Size
    5.1 Acres
  • View Type
    Forest, Mountain, River

Map and Directions

Directions to 38250 Palo Colorado RD, Carmel, CA 93923

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Mortgage Calculator

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Loan Term
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Monthly Payment Breakdown

  • Principle and Interest
    $2,467
  • Property Taxes
    $0
  • Hazard Insurance
    $0
  • Private Mortgage Insurance
    $0
  • HOA Dues
    $0
  • Total Monthly Payment:
    $2,467

Calculators provided for estimating purposes only. Consult with your lender to determine precise payment requirements.

Schools

Captain Cooper Elementary School

Grades KG-5 Public School

Big Sur, CA 93920 8 miles
Highway 1

49 total students
10:1 Student teacher ratio

School Details

Carmel Middle School

Grades 6-8 Public School

Carmel, CA 93923 11.2 miles
4380 carmel valley rd

573 total students
14:1 Student teacher ratio

School Rating: A

School Details

Carmel High School

Grades 9-12 Public School

Carmel, CA 93923 12.2 miles
3600 ocean ave

862 total students
16:1 Student teacher ratio

School Rating: A+

School Details

School information does not guarantee enrollment. School service boundaries are provided as a reference only, may change, and are not guaranteed to be accurate. Contact the school district directly to verify school enrollment eligibility.

Local area information for Carmel, CA 93923

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Carmel, CA 93923

This community’s employment is highest in the administrative support and food industries. The area’s overall household expenses are above the national average.

78° July
Hottest Average Month
38° January
Coldest Average Month
7,042 Total Households in Area
-2.2% Increase in population since the year 2010
19.1%
of households
have children
15 minutes
Median Commute Time

Household Expenses vs National Average

This location’s average annual expenditures by category compared to the national average. Index score (100=National Average)

Demographic facts
for Carmel, CA 93923

Carmel, CA 93923 has a population of 14,397 people in 7,042 households with a median age of 60.1 years old.

-2.2%
Decrease in population
since the year 2010
Population is Trending down
6,834
Total households as of 2010
5.4%
projected percent change in total
households in 5 years

Community Population By Age

The median age for this area is 60.1 years old. The smallest percentage group is 65-74 years and the largest percentage is the 18-24 years age range.

Community Population By Ethnicity

White 81%
Hispanic 8%
Asian 6%
Other 2%
Black <1%
Native American <1%
The most prevalent ethnicity is White at 81%, followed by Hispanic at 8%, Asian at 6%, and Other at 2%.

Economics
for Carmel, CA 93923

95 /sq mi
Population Density
$117,574 /yr
Median Household Income
$2,315,000
Median Sales Price
15 min
Median Commute Time

Household Expenses vs National Average

This location’s average annual expenditures by category compared to the national average. Index score (100=National Average)

Household by Income

Out of the households in this area, the largest income group is Over $200k representing 27.05% of the households.

Transportation to Work

  • Drive 69%
  • Work from Home 23%
  • Walk or Bike 8%
  • Public Transit 0%

Occupancy by Type

Owned 5,126 54%
Vacant 2,389 25%
Rented 1,916 20%

White vs Blue Collar Jobs







White Collar 93%
Blue Collar 7%

Family & Education Facts
for Carmel, CA 93923

60.1 Median Age

Average Household Size

2
persons per
household

61.4%

Married Households

Community Population By Education

Bachelors Degree 35%
Graduate Degree 31%
Some College 15%
High School Graduate 9%
Associates Degree 6%
Some High School 4%
Of the total people surveyed, the most prevalent educational attainment level is Bachelors Degree, representing 35.19% of the population.

Household Family Expenses vs National Average

This location’s average annual expenditures compared to the national average. Index score (100=National Average)
19.1% of households have children

Weather
for Carmel, CA 93923

The weather for this area ranges from a high of 78° F in July to a low of 38° F in January

78° July
Hottest Average Month
38° January
Coldest Average Month

Average Temperature by Month

Low (°F)
High (°F)
Jan
38°
56°
Feb
39°
57°
Mar
40°
59°
Apr
42°
63°
May
46°
67°
Jun
52°
73°
Jul
58°
78°
Aug
57°
78°
Sep
54°
77°
Oct
49°
71°
Nov
42°
62°
Dec
39°
56°

Average Temperature in Degrees Fahrenheit

Precipitation

Precipitation (inch)

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Copyright © 2025 MLS Listings, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified. Information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

Data powered by Attom Data Solutions. Copyright© 2025. Information deemed reliable but not guaranteed.

This information is provided for general informational purposes only and should not be relied on in making any home-buying decisions. School information does not guarantee enrollment. Contact a local real estate professional or the school district(s) for current information on schools. This information is not intended for use in determining a person's eligibility to attend a school or to use or benefit from other city, town or local services.

† Based on a 30-year fixed rate of 3.38% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Interest rates are also subject to credit and property approval based on secondary market guidelines. The rates shown are based on average rates for our best qualified customers. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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