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We are pleased to present this extraordinary investment opportunity to acquire a unique property located in the vibrant heart of downtown Carmel-by-the-Sea. Situated on two city lots, this property boasts an enviable location that holds immense potential. Currently zoned as R-1, it has been utilized as an office and occupied by the esteemed American Red Cross for many years. Transform this office building into a spectacular new luxury residence. With its prime location, and ample space, converting it into a lavish living space would create an exclusive and opulent residence. Elevate the building's aesthetic, functionality, and amenities to create a truly remarkable luxury home. This stunning property offers a prime location, surrounded by charming shops, galleries, and restaurants. With its unique post adobe architecture this space provides endless possibilities for a thriving business or a luxurious residence. Don't miss out on this rare chance to own a piece of paradise in one of California's most coveted coastal towns
Listing agent: The Russell Group DRE #70010200 michelle@expmonterey.com, Listing office: eXp Realty of California Inc
MLS data updated 11/2/2026, 3:27:20 AM PT
Source: CRMLS, MLS #: ML81935673
Belmont insights
Compare recorded home prices, same-type ZIP sales and mortgage rates.
Nov 6, 2023
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
$3,200,000Closed sale · Nov 6, 2023ZIP 93923 · Nov 2023
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.