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Monterey 93923
228 Lower Walden Road
$6,495,000
↓ $255K (3.8%)
● House - For Sale

228 Lower Walden Road

Carmel, CA 93923
bedrooms
4 Beds
bathrooms
5 Baths, 1 Half Bath
square feet
6,502 Ft²
$31,892
Est. Monthly

About This Property

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
Unit Size
6,502 Ft²
Days on Market
277 days
Land Size
1.80 acres
Price per sqft
$999
Property Type
House
Property Taxes
-
HOA Dues
-
Year Built
1937

Listed By

Tim Allen
Coldwell Banker Realty

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Last updated: 2 months ago (MLSListings Inc. #ML82033702)

Price History

Date / Event Date Event Price
Sep 12, 2026 Price Decreased $6,495,000
↓ $255K (3.8%)
Price Decreased
Aug 8, 2026 Price Decreased $6,750,000
↓ $200K (2.9%)
Price Decreased
Feb 4, 2026 Listed by Coldwell Banker Realty $6,950,000
Listed by Coldwell Banker Realty
May 14, 2025 Listed $7,995,000
Listed
Offered for the first time in nearly 50 years, this extraordinary Carmel Highlands estate is a once-in-a-generation opportunity for coastal privacy and convenience. Perched above the pristine Spindrift coast, it boasts sweeping, unobstructed whitewater views of Point Lobos, Yankee Point, and endless Pacific. The orientation of the house enables views of the sun dropping into the ocean every night of the year. The architectural soul of the home has remained intact, with major renovations executed so seamlessly that they feel original. Spanning four levels, the main house features sophisticated finishes, a sauna, steam shower, theater, and expansive terraces and balconies overlooking lush grounds. Hand-carved limestone fireplaces sourced from Arroyo Seco with French-style laid brick lend warmth and timeless character in the library and living room. The lot is comprised of two lots of record and is ~ 2 flat, usable acres with mature landscaping, tranquil fountains, and a rare natural spring. A detached, 2-bay garage and private guest studio offer flexibility for hosting or options for on-property caretaking. Studded with redwoods and screened by mature hedges, the property offers serenity, security, and the ultimate in coastal privacy. This is not just another house, it's a legacy.

Property Highlights

Air Conditioning
Fireplace
With View
Parking Details
Has Garage
Has Carport
Garage Spaces: 2
Interior Details
Half Bathrooms: 1
Full Bathrooms: 5
Has Fireplace
Fireplace Features: Family Room, Living Room, Wood Burning
Exterior Details
Square Footage: 6502
Square Footage Source: $0
Year Built Source: Assessor
Year Built: 1937
Pool Features: In Ground
Pool is Private
Lot Size Area: 78408
Lot Size Units: Square Feet
Lot Size Acres: 1.8
Lot Size Square Feet: 78408
Water Source: Public
Utilities Details
Cooling Type: Central Air
Heating Type: Central

Building Info

Overview

    General

  • Year Built: 1937
  • Effective Year Built: 1937
  • Building Count: 2
  • Total Rooms: 15
  • Bedroom Count: 4
  • Bathroom Count: 4
  • Full Bathrooms: 3
  • Partial Bathrooms: 4
  • Building Condition: 0
  • Building Quality: 4
  • Construction Type: 17
  • Building Style: 16
  • Exterior Walls Type: 0
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Floor Count: 200
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 7
  • Garage Square Area: 410
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 48,787
  • Total Building Area: 5,186
  • Gross Building Area: 5,186
  • Building Area: 5,186
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 6
  • Heated Square Feet: 5,186
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: MP 2 CARMEL HIGHLANDS
  • Land Acres: 0000001120
  • Standard Land Use Code: 1001
  • County Land Use Code: 1CX
  • Legal Description 1: MP 2 CARMEL HIGHLANDS LOT 11B 1.068 AC

Neighborhood

  • School District Name: Carmel Unified School District
  • Census Tract: 011604

Geography

  • Parcel: 241-202-004-000
  • Lot: 11B
  • Latitude: 36.4953
  • Longitude: -121.936

    Address

  • Full Address: 228 Lower Walden Rd
  • Address - House Number: 228
  • Address - Street Name: Lower Walden
  • Address - Suffix Type: Rd
  • State: CA
  • City Name: Carmel
  • Carrier Code: R001
  • 4-Digit Zip Code: 9747
  • Zip Code: 93923

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $1,074,800
  • Tax Rate Code Area: 060-005

    Appraisal Valuation

  • Standard Deviation: 0.215
  • Valuation Date: Jul 12, 2023
  • Confidence Score: 70
  • Final Value: 1,884,080
  • High Value: 2,289,342
  • Low Value: 1,478,817

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $1,034,174
  • Assessed Land Value: $301,736
  • Assessed Improvements Value: $732,438
Data used for valuation calculations is provided by RealtyHop, and other third party sources

Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes

About Monterey


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Frequently Asked Questions

When was property at 228 Lower Walden Road built and last sold?
The property at 228 Lower Walden Road was built in 1937 and last sold on Jan 1, 1970 for $0.
How much is this home worth?
The estimated value of the home located at 228 Lower Walden Road is $6,447,805.
What are some comparable homes to 228 Lower Walden Road?
There are currently no comparable homes to 228 Lower Walden Road.