
Pebble Beach, California 93953
This property represents a High-Potential Investment Opportunity, listed at $2,950,000—positioned slightly above the $2,916,706 Fair Market Value. While requiring modernization, the Condition Rating of 4 allows for significant value-add through renovation. The 10,600 sq. ft. lot and Detached Guest Cottage provide rare versatility in the prestigious Country Club West neighborhood. With proximity to Pacific Grove High School (9/10) and the Pacific Ocean, this asset is ideal for Value-Add Investors or Owner-Occupants seeking to reimagine a luxury coastal estate.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1027 Vaquero Subject | $2,950,000* List Price | 5 | 5 | 3,166 | $921 | - |
A 3035 Sherman Road Active Under Contract | $3,550,000 List Price | 4 | 3 | 3,457 | $1,027 | 0.5 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1967, this property is significantly dated and largely in original condition. While the living areas show some cosmetic refreshes like hardwood flooring and paint, the kitchen features cabinetry, countertops, and lighting that appear over 30 years old. The listing's suggestion to 'reimagine' the home confirms it needs substantial updates to the primary systems and wet areas to meet modern standards.
High School: Pacific Grove High School (9/10).
Situated in the prestigious Country Club West neighborhood, the property is just steps from the Pacific Ocean and 17-Mile Drive, offering unparalleled access to world-class golf and scenic beaches.
The property includes a fully equipped 634 sq. ft. detached guest house with its own kitchen and living area, providing excellent versatility for guests, a home office, or multi-generational living.
Living area discrepancy between mls listing and other public or private record. mls listing living area = 3166, other record living area = 2449. Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 5, other record bedroom count = 3.
Originally built in 1967, the home likely requires substantial modernization and capital investment to meet the contemporary luxury standards expected in the Pebble Beach area.
With over 80 days on the market and multiple significant price reductions from the original $3.495M ask, the property has struggled to gain traction, suggesting a disconnect between its current condition and buyer expectations.
LOCATION, LOCATION, LOCATION..Just steps from the Pacific Ocean in Pebble Beach's coveted Country Club West neighborhood, this exceptional property offers a rare opportunity in one of the Monterey Peninsula's most desirable locations. Ideally situated near the iconic 17-Mile Drive, the home is surrounded by world-class golf, scenic beaches, and the natural beauty that defines the Pebble Beach lifestyle.Set on a 10,600± square-foot lot, the property features a main residence with approximately 2,532 +/- square feet, four bedrooms, and three-and-a-half bathrooms. A detached one-bedroom, one-bath guest cottage of approximately 634+/- sf square feet includes its own living room, dining area, kitchen, and spacious bedroom, ideal for guests, extended family, or a private home office. Vaulted ceilings and expansive windows fill the living room with natural light, creating a warm gathering space. The formal dining room is ideal for entertaining, while the family room offers comfort for everyday living. An oversized 630± square-foot garage provides ample space for vehicles, golf carts, hobbies, and storage. Whether you're seeking a full-time residence or weekend retreat, this is a rare opportunity to reimagine a home in one of California's most prestigious coastal communities.
No exterior & parking available.
Grades K-5 • 1.8 mi
Grades K-5 • 2.8 mi
Grades 6-8 • 2.3 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 5.0 | 4.0 |
| Baths | 5.0 | 4.0 |
| Square foot | 3,166 | 3,490.5 |
| Lot Size | 10,600 | 19,792.5 |
| Price | $2.95M | $3.44M |
| Price per sq ft | $932 | $1.3K |
| Built year | 1967 | 1972 |
| HOA | $0 | $60 |
| Days on market | 84 | 131 |
Jul 19, 2026
$2,950,000
$3,145,000
-6% Price Drop
Initial Listing
Jun 18, 2026
$3,145,000
$3,495,000
-10% Price Drop
Initial Listing
Apr 29, 2026
$3,495,000
Initial Listing