Home for Sale at 31453 Highway 1, CARMEL, CA 93923

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31453 Highway 1
Carmel, CA 93923

Jonathan Spencer with Compass, original listing - (831) 318-0150

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Property Details

List Price:	$14,500,000
Beds:	5
Baths:	Full: 6
Status:	Active
SqFt:	8855 Square Feet
Agency:	Compass
Agency Phone:	(831) 318-0150

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Description/Comments

Lot Size:	6 acre(s)
Garage:	Garage
Property Type:	Residential-Single Family Residence
Year Built:	1992
Notes:	Set between the dramatic Carmel coastline and the Santa Lucia Mountains lies a private retreat in perfect balance with land and sea. Stone steps lead to this five-bedroom, six-bathroom contemporary coastal chalet, where a tiled foyer and vaulted, beamed ceilings create an immediate sense of grandeur. At its heart, a living room with a stone fireplace and soaring ceilings is bathed in light from expansive windows and skylights, offering stunning views from Yankee Point to Big Sur. The chef's kitchen features custom cabinetry, a spacious island, and a breakfast bar, flowing seamlessly into the dining room, bar, and outdoor BBQ space. The primary suite is a luxurious retreat with ocean views, a wood-burning fireplace, terrace access, and a spa-like bath with a walk-in closet. Four additional bedrooms offer comfort for family and guests. Outside, enjoy a pool, hot tub, pizza oven, grill, and firepit terrace surrounded by beautifully landscaped grounds. Additional highlights include a home theater, sauna, wine cellar, dual offices, and a private guest suite with its own entrance and full amenities. This rare estate in Victorine Ranch offers timeless beauty, privacy, and a legacy of luxury just minutes from downtown Carmel.
MlsNumber:	--
ListingId:	ML82002200

Listing Provided By:	Compass, original listing
Phone:	(831) 238-7420
Office Phone:	(831) 318-0150
Agent Name:	Jonathan Spencer
Disclaimer:	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.

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HUD Foreclosures

HUD foreclosures and VA Foreclosures are some of the best homes to buy when price is part of the equation. As with most Americans, price is always a concern. If not buying the same house for less, why not buy more house for the same dollar invested? When looking for a good deal it is hard to do better than the VA or HUD foreclosures market. The simple truth is that there are just more VA and HUD homes on the market, as they represent such a large number of mortgages that are generated each year. This translates into more foreclosures just by the magnitude of difference between all others comparing to the two largest.

The two largest also being government owned and operated means that they have less time to wait to make money back on the home. The FHA is especially known for selling HUD homes for less than the average sales price in a given area. FHA foreclosures represent a fraction of HUD but they are still a significant number of homes and both should be considered.

VA (Veterans Administration) and HUD (Housing and Urban Development) have different and unique opportunities for the buyer. Both are often forgiven for the local taxes normally associated with the purchase of a home (this is on a county by county basis). Be sure to ask the local title company or escrow company to look into it for you before closing as this is often missed due to their are not used to dealing with the 2 to 3 percent of the market that VA and HUD foreclosures represent.

Free Foreclosure Listings

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Foreclosure Listings Increasing

As the market settled after the mortgage meltdown foreclosure listings also settled and fewer homes were on the market with a placard reading “Bank Foreclosure” in big red lettering. This was a good thing for the entire real estate market. Having an abundance of foreclosures brings the entire market down and it makes it harder for home owners, who would like to move, to get the appropriate price for their home as a similar home down the same street was sold for substantially less and the appraiser is using the foreclosure as a comparable sale.

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Whatever the reason, a market can only handle so many foreclosure listings at any given time. The more foreclosures, the lower the market gets and this is a lesson the banks that were foreclosing and selling off realized too late. The market and their investments would have been better off if there had not been a rush to divest themselves of the toxic assets made more toxic by their own actions.