16 days on rocket

5481 Covey Ct, Carmel, CA, 93923

$10,500,000

6 Bedrooms
5 Full Baths, 1 Partial
6,760 SqFt
$1,553/SqFt
House
Schools Nearby

Location

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Property Highlights

Home TypeSingle Family Residence
Garage3 spaces
Year Built2008
HeatingRadiant
CoolingNone
FireplaceFamily Room, Living Room, Outside
ViewMountain(s), Neighborhood, Ocean
MLS #ML81961426
Lot Size3.50 Acres
StatusActive

About 5481 Covey Ct

Located in the highly sought-after Quail Lodge community, this stunning and ultra-private estate was meticulously designed for the current owners by Hart Howerton with the highest quality and unique pieces sourced from all over the world. Every inch of the property is exceptional, beginning with the antique front entry gate from London, up the olive tree-lined motor court, past the Jerusalem Stone courtyard and reflection pond, and out to the expansive backyard with untouched west-facing views of Carmel Bay, The Mission, and the grand Pacific beyond. Highlights include a separate guest house, beautiful radiant heated hickory and Jerusalem stone floors, large gourmet kitchen with double islands, a luxurious primary suite with clawfoot tub and double showers, antique clay tile roof and copper gutters, 3-car garage with ~1000 SqFt basement/game room and wine cellar, Tesla charger, solar power with Tesla battery pack back up and gorgeous landscaped grounds with meandering paths leading to a recessed hot tub, fireplace, and multiple seating areas. From sunrises over the Santa Lucias to glorious oceanview sunsets, this extraordinary property enjoys the very best of its prime location, elegant living spaces, and all the amenities of Quail Lodge and the Monterey Peninsula within minutes.

Property Details

Property Features

Property Information:

  • Year Built: 2008
  • Living Area: 6,760 SqFt

Listing Office:

  • Office Name: Coldwell Banker Realty
  • Office Phone: (831) 626-2221
  • Listing Agent: Tim Allen

Interior Features

Interior Information:

  • Fireplace: Family Room, Living Room, Outside

Bedroom and Bathroom Information:

  • Partial Bathrooms: 1
  • Full Bathrooms: 5
  • Total Bedroom Count: 6

Exterior Features

Exterior Information:

  • View: Mountain(s), Neighborhood, Ocean

Parking Information:

  • Garage Space: 3 spaces
  • Attached Garage: No

Virtual/3D Tour

  • 3D Tour: 5481 Covey Ct

3D Tour

Lot Features

Lot Information:

  • Lot Size: 3.50 Acres

Utilities

Utilities Information:

  • Heating: Radiant
  • Cooling: None

School Info

Assigned Schools Information:

  • Carmel High School, Public District Grades 9-12
  • Carmel Middle School, Public District Grades 6-8
  • Tularcitos Elementary School, Public District Grades KG-5

Other

Directions Information:

  • Directions: Cross Street: Quail Meadows Drive

Price Information

Listing Price Info

Price Summary:

  • List Price: $10,500,000
  • Price Per SqFt: $1,553/SqFt

HOA Fees:

  • Amount: $1298
  • Frequency: Quarterly

Tax Information:

  • Annual Amount: $51,113
  • Tax Year: 2021
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Housing Market Comparison

See how this home compares to others in Carmel, CA.

Med. Sold Price

$1.8M

Med. Price/SqFt

$886

Avg. Days On Market

37

# of Sold Homes

23

5481 Covey Ct vs Carmel

16 DAYS ON ROCKET

-21 Days

$10,500,000

+$8.6M More

$1,553/SqFt

+$666 More

KEY TAKEAWAY

This property is $8.6M more than the Median Sold Price and $666/SqFt more than other homes in Carmel, CA.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: CRMLS
  • MLS Number: #ML81961426

Listing Office:

  • Office Name: Coldwell Banker Realty
  • Office Phone: (831) 626-2221
  • Listing Agent: Tim Allen

IDX Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. 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. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.

The information being provided by California Regional Multiple Listing Service, Inc. (“CRMLS”) is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Any information relating to a property referenced on this web site comes from CRMLS. Properties may or may not be listed by the office/agent presenting the information. Real estate listings held by brokerage firms other than this broker are marked with the Internet Data Exchange logo and detailed information about them includes the names of the listing brokers and listing agents. MLS search engine provided by IHR Technology Services. This data is updated every 2 hours. Some properties appearing for sale on this display may subsequently have sold and may no longer be available.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 5/2/2024, 6:25:19 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Tax History

YEARPROP. TAXASSESSMENT
2021$51,113$4,775,000
2020$50,526$4,775,000
2019$44,293$4,498,000
2018$42,824$4,175,000
2017$42,824$4,044,000

History based on county public records data.

Payment Calculator

$52.9K

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$31.5K

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Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Elementary School

school-card-donut-4574400
8
/10
  • Tularcitos Elementary School

  • 35 Ford Rd

  • 8.90 miles

  • Public District Grades KG-5

Middle School

school-card-donut-4574401
9
/10
  • Carmel Middle School

  • 4380 Carmel Valley Rd

  • 0.97 miles

  • Public District Grades 6-8

High School

school-card-donut-4574402
9
/10
  • Carmel High School

  • 3600 Ocean Ave

  • 2.10 miles

  • Public District Grades 9-12

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $82,535. The majority of Carmel, CA residents have income between $35k-100k annually. The majority of families are single, no kids. Most residents in this area have post secondary degree education.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 5481 Covey Ct

What is the listing price of this property?

The listing price of 5481 Covey Ct property is $10,500,000.

What type of property is this?

The property 5481 Covey Ct is a house located in Carmel, California, 93923.

Is this property for sale now?

Active Listing: 5481 Covey Ct is For Sale (Active/New) which means the seller is accepting offers.

What are the assigned schools for this property?

The assigned schools for 5481 Covey Ct are:
Tularcitos Elementary School: GreatSchools Rating 8/10
Carmel Middle School: GreatSchools Rating 9/10
Carmel High School: GreatSchools Rating 9/10

What is the annual property tax for this property?

According to the records, the last property tax for 2021 is $51,113 (source: MLS/based on county public records data).

How many bedrooms and bathrooms does this property have?

The property at 5481 Covey Ct has 6 bedrooms and 5 full and 1 half bathrooms.

What is the square footage of this property?

The property 5481 Covey Ct is 6,760 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 5481 Covey Ct is 2008.
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Rocket HomesCaliforniaMonterey CountyCarmel939235481 Covey Ct

This home is located at 5481 Covey Ct in Carmel, CA and zip code 93923. This 6,760 square foot home, which was built in 2008, sits on a 3.50 acre lot. Features: 6 bedrooms, 6 bathrooms. It has been listed on Rocket Homes since April 15, 2024 and is currently priced at $10,500,000.

In April 2024, from all listings sold in Carmel, CA there were more than 7 sold above asking price, over 9 sold below and more than 7 were sold right at the asked price. The number of listings in Carmel, CA increased by 26% between March 2024 and April 2024. In April 2024 median list price was $1,865,000 and the average listing age was 37 days.

From Rocket Homes Real Estate and based on county public records data.

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