Yankee Point remains one of the most tightly held coastal enclaves on the Monterey Peninsula defined by something nearly impossible to replicate today flat, walkable access to the Pacific, and a handful of homes that live with the ocean rather than above it. Set on nearly half an acre, 142 Carmel Riviera Drive offers over 4,200 square feet with 4 bedrooms, an office, and 3.5 bathrooms within a short walk to the water. South and west facing exposures bring in natural light and ocean views, most notably from the primary suite. Two private coastal access points Otter Cove and Yankee Point Beach are just steps away, reinforcing the property’s connection to the shoreline. Substantial water credits, supporting 3.5 bathrooms and a pool. For a buyer willing to modernize and unlock its full potential, this is one of the more compelling value opportunities currently available near this close to the ocean. Minutes from Point Lobos State Natural Reserve and just south of Carmel-by-the-Sea, with the gateway to Big Sur beginning nearby, this property sits at the intersection of privacy, accessibility, and long-term coastal scarcity.