: The Carmel Crystal Bay Inn is peacefully located in historic Carmel by the Sea, California. The Carmel Crystal Bay Inn features comfortable, elegant, modern, cozy accommodation, surrounded by gentle lush garden, enclosing a gentle trickling rock pool. Friendly staff will welcome you on your arrival and are there to help you during your stay. Originally constructed as one of the earliest staging Inns of Carmel in 1927, tastefully renovated in 2008. The Inn offers great convenience to Carmel, Pebble Beach and the whole peninsula.
Carmel Crystal Bay Inn is located in a residential area of Carmel by the Sea. The Inn is located in the Carmel woods area, which is a 10 to 15 minute walk to town. There are parks and public tennis courts within 5 minutes walk of the Inn. The Inn is situated on Carpenter Street which is one of the main streets going to Carmel by the Sea, which gives excellent access, to the town and highway. With views of the setting sun through the pine and oak trees, it allows the Inn a peaceful and pleasant setting.
Property, possible conversion for up to 12 apartments (1bed/1 bath-would sell for $500,000.00 per unit on completion) Cap rate for 2011 is 9.5% .Multiple upside potential, Strong toursist/business market. Highly profitable Inn. High entry area.
Details
- Built in 1927
- 50 years as B&B
- Last renovation in 2008
- For Sale By Owner
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- 16 Guest Rooms
- 17 Guest Bathrooms
- Lot size: 18000 acres
- 17 Parking Spots
- Has owner's quarters
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- $3,395,000
- For Sale By Owner
- 85% annual. occ. rate
- $93.00 avg daily rate
- $450,000 gross revenue
- $430,000 room revenue
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Listing Agent
Peter and Jackie Welling welling
24815 Carpenter st
Carmel, CA 93923
Phone: +1 831 512 8100
email: vanich.peter@comcast.net
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Location
24815 Carpenter st Carmel, CA 93923
Photos (click to enlarge)
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