37305 Highway 1, Monterey, CA 93940

$5,500,000 Asking Price

1 bed
1 bath
1,221  sqft
Built in 1938

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.


Features & Amenities

Interior

General:
Utility Room
Appliances:
Refrigerator
Flooring:
Tile,Wood
A/C:
true, None
Heating:
true, Fireplace(s),Wall Furnace
Fireplace:
Insert,Living Room,Wood Burning Stove, Fireplace

Exterior

Parking:
Parking spaces: 3

Construction

Roofing:
Composition
General:
Stucco

Location

Originating MLS:
CRMLS
School District:
Carmel Unified
County:
Monterey

Lot

Zoning:
WSC/40-D(CZ), 243262007000
View:
Mountain(s),Ocean, View
Fencing:
Partial

Utilities

Water:
Well

Financial

Source:
CRMLS
Buyers Agent Compensation:
3.000

This listing courtesy of:
Carmel Realty Company, Malone Hodges

About Monterey, CA

Housing

Number of Units
15,767
Median Home Value
$824,536
Median Rent
$1,790

59.42% of housing units are renter occupied.

9.79% are vacant.

Commute

Car
55.78%
Public Transportation
1.30%
Walk to Work
4.44%
Work from Home
36.58%
Other
0.44%

The median travel time to work is 13 minutes.

People

Population
32,988
Median Age
41.50
Median Household Size
2.29

Education

High School
10.52%
Associate’s Degree
9.66%
Bachelor’s Degree
29.10%
Graduate Degree
24.47%

Disclaimer: Community and Demographic information uses data from the U.S. Census Bureau but is not endorsed or certified by the Census Bureau.

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