"Our Reward" is an amazing opportunity to build new, since it is not historic or rehab the existing home, which is located on an 8,712 sf lot that not only has the three "L's", but has the other big bonus in Carmel, Water Credits! This property is being sold in as is condition. Bigger peeks of the ocean can be created with some tree trimming and a creative design of a new, large home. This unique property rarely becomes available in Carmel by the Sea.