40-Acre Carmel Estate — Joint Venture Development Opportunity
$2.25M Investment | 50% of Profit | ~$9M Projected Value at Completion
92 Chamisal Pass, Carmel, CA 93923
Architectural render — completed estate with infinity pool, guest house, and solar array
The Opportunity
An extraordinary Joint Venture Development Opportunity on one of the largest privately held parcels in Carmel — 40.38 acres with a partially constructed modern luxury estate. Current appraised value: $7.05 Million. Projected completed value: ~$9 Million.
We are seeking a qualified partner to invest $2.25 Million to complete construction in exchange for 50% of profits.
Aerial view — 40.38 acres on a private ridge in Carmel
Property Specifications
| Lot Size | 40.38 Acres |
| Main Residence | 4,530 sqft |
| Guest House | 850 sqft |
| Garage | 870 sqft |
| Total Structure | ~6,250 sqft |
| Current Appraisal | $7.05 Million |
| Projected Value (Complete) | ~$9 Million |
| Architecture | Modern Carmel — flat roofs, glass walls, stone columns, multi-volume design, integrated outdoor living |
Construction Progress
Steel framing and floor joist installation
Steel frame structure among Carmel oaks
Planned Amenities
- Infinity-edge pool with panoramic views
- Outdoor kitchen with built-in grill and fire feature
- Solar array for energy independence
- Separated guest house for rental income or privacy
- Multi-car garage (870 sqft)
- Integrated indoor-outdoor living spaces
Why Carmel?
- Median home price: $3.7M (April 2026)
- 26.7% year-over-year appreciation
- ~$2,000/sqft market rate — among the most expensive ZIPs in the US
- Carmel restricts new development — 40-acre parcels are genuinely rare and nearly impossible to replicate
- Not publicly listed — exclusive off-market opportunity
Deal Structure
- Investment Required: $2.25 Million to complete construction
- Return: 50% of profits upon sale
- Current Appraised Value: $7.05M
- Projected Completed Value: ~$9M
- Upside Potential: At $2,000/sqft Carmel benchmark x 6,250 sqft = $12.5M retail ceiling
Ideal Partner Profile
- Experienced Developer seeking a trophy Carmel project
- General Contractor looking to step into development
- Seasoned Owner-Builder with luxury market experience
- High-net-worth individual seeking tangible asset investment with significant upside
Interested? Let’s Talk.
Glenn Wilbor
📞 (858) 449-0541
BirdRock Realty | 5234 Cushman Place #300, San Diego, CA
Qualified investors only. Proof of funds required.