Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Equestrian-Designated Land Parcel Title is generated by Realmo AI

    8 Touche PASS, Carmel, CA 93923

    View on Map
    Claim this Listing
    For Sale
    $1,300,000

    LAND - CARMEL, CA

    Lot size:
    18.15 Acres
    Added:
    Mar 22, 2026
    Days on Market:
    74
    Last Refresh:
    Jun 3 at 9:06 pm

    Property Features for 8 Touche PASS

    General Information

    Property type
    Land
    Property subtype
    Other
    Zoning
    R1
    Standard status
    Active
    Lot size
    18.15 Acres

    Utilities

    Water source
    Private

    We can help!

    Listing Contact
    Kris McAulay
    Kris McAulay

    Listing agent Kris McAulay License #01824908

    Listing office Carmel Realty Company Dolores Street between 7th & 8th / PO Drawer C, Carmel-by-the-Sea, CA

    Listing date Mar 22, 2026

    MLS# ML81978118 Listing URL

    Copyright © 2026 MLS Listings, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Sweeping layered views of oak studded rolling hills framed by Chamisal Ridge and Penon Peak.
    • Located in the coveted Touche Pass area of the Preserve.
    • 18.15 acre homeland with a 2.82 acre homeland palette ready for building.
    • Minutes from the Ranch and Golf clubs.
    • Part time equestrian designation allows for a barn/shop/hobby barn/art studio.
    • Architectural renderings and design by Field Architects.

    Overview

    This 18.15-acre land parcel is positioned in the Touche Pass area of the Preserve and is described as an oak-studded, rolling-hills setting with sweeping layered views. The property is presented as a “homeland palette” suitable for planning a one-story home plus a guest house, along with associated structures. The remarks also note a part-time equestrian designation that supports flexibility for a barn/shop and related creative or hobby uses such as an art studio or hobby barn.

    The parcel is described as being just minutes from the Ranch and Golf clubs. The setting is further characterized by the saddle between Chamisal Ridge and Penon Peak, framing the views across the surrounding hills. The listing materials include architectural renderings and design by Field Architects.

    Zoned R1, this site is best suited for buyers looking to develop a primarily residential compound with room for equestrian-oriented and multi-use structures. The combination of a one-story planning concept, guest house potential, and the noted equestrian designation gives operators and land planners a straightforward foundation for a property-specific plan within a rural preserve setting.
    Property Profile Location Intelligence

    Current Use by Public Records

    Agricultural land / Farmland

    Map

    City
    Carmel
    County
    Monterey
    State
    California
    Longitude
    -121.7843754
    Latitude
    36.4519076

    Nearby Similar for Sale

    • $1,150,000

      Buildable View Lot in R-1

      6.14-acre R-1 homesite with conceptual ranch plans and panoramic Penon Peak views.
      3 Via Vaquera, CARMEL, CA 93923
      View Details
    • $2,600,000

      Carmel Ocean View Acreage

      6.31 acre lot with ocean views in Tehama community.
      25540 Via Malpaso, CARMEL, CA 93923
      View Details
    • $995,000

      Residential Land Parcel with Building Envelope

      Generous parcel with an approved multi-home plan and utilities available at the driveway in a private preserve setting.
      22 Arroyo Sequoia, CARMEL, CA 93923
      View Details
    • $799,000

      South-Facing Residential Homesite

      Homesite in R1 zoning with a south-facing building envelope, utilities extended to the pad area, and approved main residence plus ADU.
      37 E Pronghorn, CARMEL, CA 93923
      View Details
    • $1,875,000

      Golf Course Residential Land Parcel

      Residential land with a building envelope and access considerations tied to a Tom Fazio-designed golf course.
      23 E Pronghorn RUN, CARMEL, CA 93923
      View Details
    • $650,000

      Gated Community Building Envelope Land

      Large 4.32-acre building envelope with utilities available at the homesite in a private gated community.
      4 Holding Field RUN, CARMEL, CA 93923
      View Details
    • $3,750,000

      Secluded Carmel Land with Views

      Exclusive 5.01-acre Tehama homesite with panoramic views.
      34 Tehama (Lot 29), CARMEL, CA 93923
      View Details
    • $1,299,000

      Residential Building Envelope with Oaks

      Residential building envelope set within a lush, oak-outlined setting with utilities and approved plans for a main and caretaker residence.
      29 Arroyo Sequoia, CARMEL, CA 93923
      View Details
    • $1,655,500

      Residential Development Land Parcel

      Large homesite within Santa Lucia Preserve with a designated building envelope and multiple driveway options for siting.
      29 Potrero TRL, CARMEL, CA 93923
      View Details
    • $998,000

      Carmel Land with Equestrian Potential

      5.38-acre homesite near Preserve Gate with building sites.
      8 Corral RUN, CARMEL, CA 93923
      View Details
    • $695,000

      Oak-Studded Savanna Land Parcel

      A large estate land parcel with a defined building envelope and on-site utilities for equestrian-compatible use.
      26 Long Ridge TRL, CARMEL, CA 93923
      View Details
    • $2,995,000

      Carmel Land with Bay Views

      Residential land in gated community with golf course and bay views.
      25520 Via Malpaso, CARMEL, CA 93923
      View Details

    FAQs

    What type of property is this?
    Agricultural land / Farmland - 18.15-acre homesite with part-time equestrian designation for a one-story home, guest house, and barn or studio use.
    Where is this agricultural land / farmland located?
    The property is located at 8 Touche PASS Carmel, CA.
    What is the asking price?
    The asking price for this property is $1,300,000.
    What are key features of this property?
    This property features: Sweeping layered views of oak studded rolling hills framed by Chamisal Ridge and Penon Peak.; Located in the coveted Touche Pass area of the Preserve.; 18.15 acre homeland with a **2.82 acre homeland palette ready for building.**
    (831) 917-8476
    We can help!
    Listing Contact
    Kris McAulay
    Kris McAulay
    Real Estate License ID: 01824908
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    8 Touche PASS, CARMEL, CA 93923
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!