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Welcome home to Cheerio Tipp--a legacy property in Carmel-by-the-Sea, offered for the first time in generations. Cheerio Tipp is rich in charm and lore; the family owned the first television in the neighborhood; friends and neighbors often gathered around to enjoy. On the main level, vaulted ceilings and old-growth redwood interiors create a warm, inviting atmosphere. Period details remain throughout--including a built-in pipe rack, a hidden safe, and cleverly concealed storage closets. The home lives far larger than many Carmel cottages, with a spacious feel and an abundance of storage rarely found in Carmel. A primary suite, spacious great room, eat-in kitchen, and loft with an adjacent balcony offering peeks of the Pacific complete this floor. Downstairs offers a full laundry room, guest suite, and two-car garage. Palou Avenue is well-hidden and rarely frequented, as most people don't even know it exists. However, the home still sits just blocks from downtown shops, restaurants, galleries, and mere feet from the beloved Jane Powers Walkway that provides direct access to Carmel's white sand beaches. This is a rare chance to continue a cherished legacy and become the next custodian of an extraordinary coastal home.
Listing agent: Staples Gannaway ... DRE #70004321 staplesgannaway@compass.com, Listing office: Compass
MLS data updated 10/28/2026, 11:51:20 PM PT
Source: CRMLS, MLS #: ML82036655
Belmont insights
Compare recorded home prices, same-type ZIP sales and mortgage rates.
Jun 18, 2026
Prices use the left axis; mortgage rates use the right. Hover, tap, or focus the chart and use the arrow keys. Red SOLD badges mark recorded sales.
This home · nearest recorded event
$3,350,000Closed sale · Jun 18, 2026ZIP 93921 · Jun 2026
No monthly averageAt least 3 eligible sales in this month are required.30-year fixed mortgage benchmark
No weekly rateNo published rate within 7 days of this date.ZIP averages use publicly displayable closed sales from our licensed MLS feed, matched to the same ZIP and exact property type. Months with fewer than 3 sales are omitted; the current month is incomplete. Lines connect available monthly observations across gaps and do not represent measured prices in missing months. These averages are not adjusted for size, condition, or location within the ZIP, and are not an appraisal. Feed coverage may not include every sale. All available shows the available home and ZIP history, with mortgage rates over the same dates.
Mortgage benchmark: Freddie Mac Primary Mortgage Market Survey®. © Freddie Mac. Weekly national 30-year fixed rates, not APRs or a loan quote. Actual terms vary. Methodology changed in November 2022. The chart does not establish that interest-rate changes caused a home’s price changes.
Lines connect recorded asking and sale prices. They are visual guides, not estimates of the home’s value between those dates.
No earlier records were returned by our current sources. This does not mean the home has never sold.
MLS records may be incomplete. Earlier asking prices are not sale prices.