115 1st Street, Pacific Grove, California 93950, Pacific Grove, 93950 - 2 bed, 2 bath
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Pacific Grove, California 93950
Analysis of 115 1st Street, Pacific Grove, California 93950 is currently available with a list price of $2,799,000. The property maintains a Excellent Condition Rating (95/100), indicating excellent structural integrity and modern finishes throughout. This turnkey property requires minimal updates and is ready for immediate occupancy. Located in a high-demand neighborhood within the Pacific Grove Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for both Buy-and-Hold Investors and Owner-Occupants willing to undertake light renovation work.
Property is new construction or fully renovated.
Despite its 1934 origin, the home has undergone a high-end, comprehensive renovation within the last 5 years. The kitchen features professional-grade stainless appliances, modern cabinetry, and designer finishes, while the bathrooms are fully updated with contemporary glass enclosures and tile work. The property is in mint, move-in-ready condition with no visible maintenance needs.
Elementary School: Robert Down Elementary School (9/10). High School: Pacific Grove High School (9/10).
This 1934 storybook English Cottage, designed by a pioneering Monterey Peninsula architect, offers rare craftsmanship and timeless character that distinguishes it from modern construction.
Ideally perched above the shoreline, the property provides serene ocean glimpses and a refined coastal lifestyle within walking distance of the Pacific Grove waterfront.
At a list price of $2.825M for 1,069 square feet, the property carries a significant premium exceeding $2,600 per square foot, which may limit the buyer pool.
With 129 days on the market and multiple price reductions from the original $2.95M, the property has struggled to find momentum, suggesting a potential misalignment with current market demand.
Experience the timeless romance of coastal living in this enchanting English Cottage nestled in the heart of Pacific Grove, one of the Monterey Peninsula's most treasured seaside communities. Just moments from the Pacific Ocean, this distinctive residence blends enduring architectural character with the relaxed elegance of California's Central Coast. Steeply pitched gables, smooth white stucco, a prominent chimney and beautifully curated gardens create an unforgettable storybook presence. Winding stone pathways and inviting terraces provide idyllic spaces to enjoy morning coffee, afternoon sunshine and peaceful evenings surrounded by ocean air and coastal beauty. Inside, abundant natural light fills thoughtfully designed living spaces where warm wood floors, an elegant fireplace and generous windows create an atmosphere of comfort and sophistication. Soft ocean glimpses enhance the home's tranquil setting. Whether you're seeking a full-time residence, a weekend retreat or an exceptional investment in Pacific Grove real estate, this remarkable property offers an extraordinary opportunity to enjoy one of California's most desirable coastal lifestyles. Experience the charm & enduring appeal that make PG one of the Peninsula's most coveted destinations. Will this be your new home?
No exterior & parking available.
Grades K-5 • 0.5 mi
Grades K-5 • 1.3 mi
Grades K-5 • 2.1 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 2.0 | 2.0 |
| Baths | 2.0 | 2.0 |
| Square foot | 1,069 | 1,534 |
| Lot Size | 5,511 | 5,311 |
| Price | $2.80M | $1.45M |
| Price per sq ft | $2.6K | $1.1K |
| Built year | 1934 | 1920 |
| HOA | $0 | $0 |
| Days on market | 158 | 44 |
Jul 19, 2026
$2,799,000
$2,825,000
-1% Price Drop
Initial Listing
May 1, 2026
$2,825,000
$2,875,000
-2% Price Drop
Initial Listing
Mar 18, 2026
$2,875,000
$2,950,000
-3% Price Drop
Initial Listing
Feb 14, 2026
$2,950,000
Initial Listing
May 17, 2024
$2,650,000
Public Record
Aug 19, 2021
$2,025,000
Public Record