We know that Pardee has been around the Carmel Valley area since the beginning, back when it was called North City West. They bought up almost the entire zip code, and still have a ways to go before selling out.
Circled below is roughly 320 acres that they’ve owned since 1979. No sales price was given, but the tax-assessed value for the different parcels – all zoned residential – runs $20,000 to $50,000 per acre.
There will be plenty of roads, parks, and open space – but they should be building a few hundred more homes too!