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. 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.