37305 Highway 1
Monterey, CA 93940

  • 1 bed
  • 1 bath
  • 1,221 sqft
  • ~16 acre lot
  • $4,504 per sqft
  • 1938 build
  • on site

Just past Palo Colorado Road on Highway 1, sits over 15 acres of iconic Big Sur coastline, pastureland and the old Palo Colorado Canyon schoolhouse. Land seeped in history and the subject of countless illustrations. On the south property line, you will find Notleys Landing, an old port used to transport tanbark and liquor during the prohibition. In the 30s, the coastal pasture land became the center of Big Sur cattle ranching and still feeds cattle on it a century later. The schoolhouse was built in 1938 but closed 30 years later, serving 21 students. While the building has been transformed into a quaint one bedroom, one and half bathroom rental, the 1,221 square foot schoolhouse maintains its rustic charm with open beamed ceilings, a free standing fireplace and a line of windows that take in the stunning views. Big Sur has its way of filling both heart and soul and this is a once in a life time opportunity to own a piece of California history.

California Regional MLS logo Listed By CRMLS_CA / Malone Hodges / Carmel Realty Company

Last checked: Checking… • Last updated Apr 20, 2024 •

MLS# ML81958955 —

This home is listed in more than one place. See it here.

Monthly cost estimate

37305 Highway 1

Asking price

$5,500,000

Expense Monthly cost
Mortgage

$29,450

Taxes N/A
Insurance $1,512
Utilities $179 See report
Total $31,141/mo.*
*This is an estimate

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Sale history

Date Event Source Price % Change
3/26/24
Listed / Active CRMLS_CA $5,500,000

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Listing provided by broker:

Malone Hodges

Carmel Realty Company

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This house located in CA 93940 is currently for sale for $5,500,000. 37305 Highway 1 is a 1,221 square foot house with 1 bed and 1 bath that has been on Estately for 31 days. This house is in the attendance area of Captain Cooper Elementary School, Carmel Valley High School, Carmel Middle School, and Carmel High School.

California Regional MLS logo Listing Courtesy of: CRMLS_CA and Carmel Realty Company. Based on information from California Regional Multiple Listing Service, Inc. as of 23:44 on Apr 26.

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