142 Carmel Riviera Drive

Yankee Point remains one of the most tightly held coastal enclaves on the Monterey Peninsula defined by something nearly impossible to replicate today flat, walkable access to the Pacific, and a handful of homes that live with the ocean rather than above it. Set on nearly half an acre, 142 Carmel Riviera Drive offers over 4,200 square feet with 4 bedrooms, an office, and 3.5 bathrooms within a short walk to the water. South and west facing exposures bring in natural light and ocean views, most notably from the primary suite. Two private coastal access points Otter Cove and Yankee Point Beach are just steps away, reinforcing the property's connection to the shoreline. Substantial water credits, supporting 3.5 bathrooms and a pool. For a buyer willing to modernize and unlock its full potential, this is one of the more compelling value opportunities currently available near this close to the ocean. Minutes from Point Lobos State Natural Reserve and just south of Carmel-by-the-Sea, with the gateway to Big Sur beginning nearby, this property sits at the intersection of privacy, accessibility, and long-term coastal scarcity.

Days on Market

1 day

Current Status

Active

Original Price

$3,699,000

List Price

$3,699,000

On Market Date

May 17, 2026

Property Type

Single Family Home

Area

156 - Otter Cove / Yankee Point

Zip Code

93923

MLS ID

ML82047633

APN

243-163-004-000

Year Built

1961

Stories in Building

2

Possession

COE

Data Source

MLSL

Origin MLS System

MLSListings, Inc.

Bed

4

Bath

4 (3/1)

Double Sinks, Granite, Tub in Primary Bedroom, Full on Ground Floor, Primary - Oversized Tub, Primary - Stall Shower(s), Stall Shower - 2+

Parking

6

Attached Garage, Off-Street Parking

SQ FT

4,260

SQ FT Source

Unavailable

Lot SQ FT

17,000.0

Lot Acres

0.390266 Acres

Pool Info

Pool - In Ground, Pool - Indoor

Kitchen

Countertop - Granite, Dishwasher, Island with Sink, Hood Over Range, Microwave, Oven Range - Gas, Wine Refrigerator, Refrigerator

Cooling

None

Dining Room

Formal Dining Room, Eat in Kitchen

Disclosures

Natural Hazard Disclosure

Family Room

Separate Family Room

Flooring

Tile, Carpet, Hardwood

Foundation

Raised, Concrete Perimeter

Fire Place

Family Room, Gas Log, Living Room, Primary Bedroom

Heating

Central Forced Air

Laundry

Washer / Dryer, In Utility Room

Views

Ocean

Possession

COE

Architectural Style

Traditional

Fee

Unavailable

MLS and other Information regarding properties for sale as shown in Theo have been obtained from various sources such as sellers, public records, agents and other third parties. This information may relate to the condition of the property, permitted or unpermitted uses, zoning, square footage, lot size/acreage or other matters affecting value or desirability. Unless otherwise indicated in writing, neither brokers, agents nor Theo have verified, or will verify, such information. If any such information is important to buyer in determining whether to buy, the price to pay or intended use of the property, buyer is urged to conduct their own investigation with qualified professionals, satisfy themselves with respect to that information, and to rely solely on the results of that investigation.

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