There are only 4 active listings in the Carmel Woods neighborhood, an area known for its larger lots and potential for ocean views. The location tends to appeal to families and primary homeowners. For these reasons, my property pick of the week is a fabulous opportunity in Carmel Woods for the visionary buyer. The home was built in 1947 and is only 1350sf with 2 bedrooms. The value lies in the almost 12,000sf lot with peaks toward Point Lobos. A buyer would need to have the home evaluated for historical significance, but the home has been altered over the years and the evaluation could easily be determined during a due diligence period. Water is still available for purchase via the Malpaso water project so the options are limitless and the seller is motivated, creating an ideal buyer opportunity!

Listed by Coldwell Banker, Sharon Matthams $1,249,000