What is the Golden Rectangle in Carmel?
What is the Golden Rectangle in Carmel by the Sea? This questions comes up a lot and it is literally a about a 2 square mile area in Carmel by the Sea with some of the most desireable real estate. The borders are considered to be Ocean Avenue, Scenic Avenue, Santa Lucia & San Carlos Street. The average lot size is 4,000 square feet and homes within the rectangle are allowed 60% lot coverage so on average you will find the homes to be about 1600 square feet unless on an oversized lot. The average price per square foot is about $1,100 and about 50% of the homes are vacation or second homes. What makes this area so desireable on top of the charm is the walkability to downtown Carmel for increidble dining experiences, art galleries and shopiing as well as Carmel Beach, Carmel Point and Carmel River Beach. It is one of the safest cities in the country and recently ranked by Conde Nast Traveler as the #8 best small city in the US. It is also one of the most dog friendly city in the area with no leash required at Carmel Beach making it a dog and dog owner paradise. For more information on the Golden Rectangle, contact me today.