Carmel-by-the-Sea is considered Southwest Carmel, also known as, “The Golden Rectangle” which is a rectangular area outlined by Ocean Avenue, Scenic Avenue along Carmel Beach, Santa Lucia and San Carlos Street. Most of the homes in this area were built during the early 1900s and have a lot size of 4,000 square feet (approximately 40 x 100) and a home square footage of approximately 1,600 square feet. Most of these homes will be quaint artistic cottages with ocean views. This area is the most desirable because it is so close to the Carmel-by-the-Sea shops, restaurants, art galleries, wine tasting rooms, theaters, and Carmel Beach. There are cottages from 700 square feet up to homes up to 2,700 square feet. These homes will not have addresses or mailboxes so residents have to go to the local Post Office to receive their mail.
Homes will vary in price from $1 Million up to $6.5 Million. The median list price in this area is $1,895,000 and the median sales price is $1,795,000. The average square footage is about 1,680 square feet and $1,345 price per square foot. The average age of homes in this neighborhood is going to be about 49 years old.