111 12th Street, Pacific Grove, California 93950, Pacific Grove, 93950 - 3 bed, 4 bath
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Pacific Grove, California 93950
This historic residence represents a High-Potential Investment Opportunity, listed at $3,199,000—positioned above the $3,030,425 Fair Market Value. While the property requires modernization, its 1900s-era historic character, spectacular Monterey Bay views, and location within the top-rated Robert Down Elementary and Pacific Grove High School districts provide a rare foundation for value-add appreciation. With a Condition Rating of 4, the home is ideal for Buy-and-Hold Investors or Owner-Occupants seeking to restore a unique piece of Pacific Grove history while securing a premier coastal asset.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 111 12th Street Subject | $3,199,000* List Price | 3 | 4 | 2,517 | $1,204 | - |
A 127 16th Street Active | $2,950,000 List Price | 3 | 4 | 3,127 | $943 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1900 and on the market for the first time in 70 years, the property is exceptionally well-maintained but dated. While the bathroom vanity shows a mid-2000s update, the primary suite's vaulted ceilings, blue tile fireplace, and wall-to-wall carpeting indicate renovations are likely 20-30 years old. Given the age and long-term ownership, systems like HVAC and electric likely require inspection/upgrading to meet modern standards.
Elementary School: Robert Down Elementary School (9/10). High School: Pacific Grove High School (9/10).
The property boasts rare, spectacular views of Lovers Point and Monterey Bay from multiple rooms, offering a quintessential Pacific Grove living experience.
Built in 1900 and held by the same family for 70 years, the home features original hardwood floors and a Carmel stone fireplace, preserving its unique historical integrity.
Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 3, other record bedroom count = 2.
Having been off the market for seven decades, the home likely requires significant capital investment to update its 1900s-era systems and interior finishes to modern luxury standards.
With a 3,600 sqft lot for a 2,517 sqft residence, the outdoor footprint is relatively small, which may limit privacy and space for extensive landscaping or recreation.
First time on the market in 70 years. Spectacular views of Lovers Point and Monterey Bay from multiple rooms and windows are the heart of this charming 2517 sqft home. Unique quiet street that is across from a city maintained park. Original hardwood floors and Carmel stone fireplace in the living room. 3 bedrooms, 4 bathrooms, eat in kitchen, dining room, living room. Primary bedroom is upstairs with big views and a 2nd fireplace. Primary features a huge bathroom plus large gathering area upstairs which may be a possible 4th bedroom. Closets galore throughout this home. Lovely garden for morning coffee or outdoor meals. Truly a unique piece of Pacific Grove History.
No exterior & parking available.
Grades K-5 • 0.3 mi
Grades K-5 • 1.1 mi
Grades K-5 • 2.3 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 3.0 | 50% |
| Baths | 4.0 | 2.0 | 98% |
| Square foot | 2,517 | 1,358.5 | 90% |
| Lot Size | 3,600 | 4,500 | 38% |
| Price | $3.20M | $1.45M | 92% |
| Price per sq ft | $1.3K | $1.0K | 71% |
| Built year | 1900 | 1950 | 8% |
| HOA | $0 | $0 | 50% |
| Days on market | 18 | 140 | 2% |
May 19, 2026
$3,199,000
Initial Listing