One of a kind luxury property in the heart of downtown Carmel-by-the-Sea featuring two residences, both with nightly short-term rental permits and ocean views, a private and sunny 1,700 sf courtyard with designer lighting and sound, plus two commercial units with hardwood floors and separate baths. Located just a few blocks from world-renowned Carmel Beach, this Mediterranean-style building, originally constructed in 1929 and designed by Guy O. Koepp, recently underwent a multiyear, extensive renovation. Highlights include high-end finishes throughout, elevator, laundry room, 3 storage rooms, plus a reception room in close proximity to the courtyard. This trophy property offers a variety of uses and possibilities. Property is deemed historic and could offer a tax benefit to its future owner. Seize your opportunity now to own an iconic piece of our village by the sea.