Amazing development opportunity with ocean views, located on one of the most coveted streets in Carmel-by-the Sea, on a rare oversized 6,970 square foot lot. This duplex property has two cottages, the lower cottage has two bedrooms, one bathroom and is approximately 604 square feet, the upper cottage is a one bedroom, one bathroom and is approximately 584 square feet. The current owners had plans for a custom built 2,700 square foot home which included three bedrooms and three bathrooms. There is also a possibility to have an accessory dwelling unit on the property as well. Or you can restore each cottage and keep one for your guests. The property was recently designated as NON-HISTORIC. A very rare find only one block to the beach, close to the fourth street beach access, distance to town, shopping and restaurants. Property is virtually staged.