Home for Sale at 53 Riley Ranch RD 53A-53B-53C, Carmel, CA 93923

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53 Riley Ranch Rd 53a-53b-53c
Carmel, CA 93923

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

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Property Details

List Price:	$12,500,000
Beds:	6
Baths:	Full: 5, ½: 1
Status:	Active
SqFt:	4580 Square Feet
Agency:	Compass
Agency Phone:	(831) 318-0150

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Description/Comments

Lot Size:	8 acre(s)
Garage:	Garage
Property Type:	Residential-Single Family Residence
Year Built:	2023
Notes:	Spanning 8.5 idyllic acres overlooking Point Lobos and Monastery Beach, Sea Star Ranch is a fully equipped equine property, thoughtfully designed with a round pen, paddocks, and a 10-stall barn complete with its own kitchen. Imbued with awe-inspiring natural energy, it offers a legacy of care alongside the flexibility to suit a wide range of equestrian pursuits. The setting ensures exceptional privacy while capturing sweeping, panoramic ocean views. Surrounded by hundreds of acres of protected State Park land, the property features diverse microclimates and is served by two wells for irrigation and Cal Am for domestic use. Zoned for commercial use, the property is as practical as it is serene. An undeveloped two-acre parcel offers additional expansion opportunities. At the heart of the estate, the main residence, designed in 2023 by Mary Ann Schicketanz, embraces a calm, organic aesthetic with open-concept living, abundant natural light, spa-like bathrooms, and refined wood and stone finishes. A chef's kitchen with top-tier appliances connects seamlessly to the surrounding landscape, and multiple guest rooms make it ideal for hosting. A guest house and dedicated office provide added flexibility, creating a private coastal compound just five minutes from Carmel-by-the-Sea.
MlsNumber:	--
ListingId:	ML82043870

Listing Provided By:	Compass, original listing
Phone:	(831) 238-7420
Office Phone:	(831) 318-0150
Agent Name:	Jonathan Spencer
Disclaimer:	Copyright © 2026 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.

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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.