Active listing in Carmel, Santa Clara County. Convenient access to schools, parks, and Bay Area employment centers.
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4 Bed / 5 Bath / 6,502 sqft on 78,408 sqft Lot
Spec sheet at a glance. See full details below for interior, exterior, and lot features.
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Listed at $7.0M vs City Median $3.1M
$1,068/sqft compared to Carmel avg $1,661/sqft (-35.6%).
Best fit forActive BuyersCarmel SearchersMove-Up / Move-In
About This Home
Offered for the first time in nearly 50 years, this extraordinary ocean view Carmel Highlands estate is a once-in-a-lifetime opportunity for coastal privacy and luxury convenience. Perched above the pristine Spindrift coast, it boasts sweeping, unobstructed whitewater views of Point Lobos and Yankee Point, and the orientation of the house enables views of the sun dropping into the ocean each night of the year. The architectural soul of the home has remained intact, with major renovations done so seamlessly that they feel original. Spanning four levels, the main house is sophisticated and features a sauna, steam shower, theater, and expansive terraces and balconies overlooking lush and mature grounds. Hand-carved limestone fireplaces sourced from Arroyo Seco with French-style cut brick lend warmth and timeless character in the library and living room. 2 flat, usable acres, comprised of two lots of record feature tranquil fountains and a rare, natural spring for the landscaping. A detached, 2-bay garage and private studio offer flexibility for guests or an on-property caretaker. Studded with redwoods and screened by dense hedges, the property provides serenity, security, and privacy. This is not just another house for sale, it is an opportunity to acquire a rare generational legacy
Listing courtesy of Coldwell Banker Realty · Tim Allen MLS# ML82033702 · Data from MLSListings Inc.
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Property Details
Property Type
Single Family Residence
Year Built
1937
Bedrooms
4
Bathrooms
4 Full, 1 Half
Living Area
6,502 sqft
Lot Size
78,408 sqft
Garage
2 Spaces
Price/sqft
$1,068
County
Monterey
MLS Number
ML82033702
Status
Active
Stories
N/A
HOA
None
Interior Features
CentralForcedAir
Exterior & Lot
Wood Roof2-Car Garage1.80 Acres
Location
This HomeActivePendingSold
228 Lower Walden RD, Carmel, CA 93923 · Monterey County
Market Context
Price Positioning
$Price context: Listed at $1,068/sqft vs Carmel avg $1,661/sqft (35.6% below).
$Sale-to-list: Carmel homes selling at 98.6% of asking.
⏲Velocity: City avg 37 days. This home: 100 days.
🏠Inventory:20 4-bedroom homes currently available in Carmel.
Source: MLSListings Inc. Timothy Alston, Broker, DRE# 01328224.
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Straight from the MLS · Updated every 15 min
Timothy Alston
Broker · 15 years in Carmel
The Listings Other Buyers See 6 Hours Late
Get a data-backed offer strategy for 228 Lower Walden RD before the next showing window closes.
"Timothy showed us a home 4 hours after it hit the MLS. We toured that evening, offered by 9pm, and were in contract by Friday. Two other offers came in Saturday morning."
228 Lower Walden RD is located in the Malpaso area of Carmel, California. This 4-bedroom, 5-bathroom single-family home is listed for $6,950,000. Homes in Malpaso average $1,661 per square foot with an average of 37 days on market, making this one of the most actively watched markets in 93923.
4-Bedroom Homes for Sale in Carmel 93923
Browse 4-bedroom single-family home listings in the Malpaso area of Carmel. Properties in 93923 are currently averaging $1,661 per square foot with 37 days on market.
What to Expect When Buying in Malpaso
The Malpaso market in Carmel features a mix of single-family home properties ranging from starter homes to luxury estates. Current inventory levels suggest moderate conditions for buyers in this area.
Listed at $6,950,000 ($1,068/sqft). Carmel avg is $1,661/sqft, placing this 35.6% below. Comparable recent sales help frame the value.
Listed 100 days (as of February 4, 2026). Carmel average is 37 days.
Est. $43,564/mo with 20% down ($1,390,000) at 6.75%. Includes principal & interest ($36,062), property tax ($7,240), and insurance ($262). HOA: None.
There are 93 active listings in Carmel (20 are 4-bedroom). At $6,950,000 this is positioned against the city median of $3,095,000. Similar homes have sold at 98.6% of asking.
4-bedroom homes in Carmel (93923) are currently averaging $1,661 per square foot. Market activity shows homes spending an average of 37 days on market in this area.
228 Lower Walden RD in Carmel is currently listed at $6,950,000. This 4-bedroom, 5-bathroom single-family home is located in the Malpaso area.
The data relating to real estate for sale on this display comes in part from the Internet Data Exchange program of the MLSListings MLS system. Real estate listings held by brokerage firms other than Aegis Luxury Real Estate are marked with the Internet Data Exchange icon (a stylized house) and detailed information about them includes the names of the listing brokers and listing agents.
Based on information from the MLSListings MLS as of the date shown. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
These statistics are generated using information from the MLSListings Inc. multiple listing service, but have not been verified and are not guaranteed. MLSListings Inc. disclaims any responsibility for the accuracy and reliability of these statistics. This information should not be relied upon for real estate transaction decisions.
Data updated every 15 minutes. Visit www.MLSListings.com for more information.
Information provided is for general informational purposes only. Equal Housing Opportunity. If you are currently working with a real estate agent, this is not intended as a solicitation.
Timothy Alston, Broker, DRE# 01328224, Aegis Luxury Real Estate, 10080 N. Wolfe Rd Ste SW3-200, Cupertino, CA 95014. (408) 207-4593.
Last updated: May 15, 2026 at 2:56 PM PT | Data reflects May 2026 MLS statistics
Aegis Luxury Real Estate
Timothy Alston · Broker · DRE #01328224 10080 N. Wolfe Rd, Ste SW3-200 · Cupertino, CA 95014 (408) 207-4593 · Timothy@AegisHomesRE.com
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