
Pacific Grove, California 93950
Analysis of 115 1st Street, Pacific Grove, California 93950 is currently available with a list price of $2,750,000. 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 in the heart of Pacific Grove, one of the Monterey Peninsulas treasured seaside communities. Moments from the Pacific Ocean, this distinctive residence captures the character of a bygone era while embracing the relaxed elegance of California's Central Coast. Steeply pitched gables, smooth white stucco, a prominent chimney & curated gardens create an unforgettable storybook presence. Winding stone pathways, garden terraces & inviting outdoor spaces offer the perfect setting for morning coffee, sun-filled afternoons & peaceful evenings touched by the coastal breeze. Natural light illuminates warm wood floors, beautifully proportioned living spaces & an elegant fireplace anchors the home with warmth and character. Generous windows invite soft ocean glimpses while connecting the interiors to the surrounding coastal landscape. Rich in charm, architectural character & an undeniable sense of place, this remarkable residence offers the opportunity to enjoy PG as it was meant to be lived: close to the ocean, surrounded by natural beauty & immersed in the distinctive character that makes this seaside community one of the Peninsulas most coveted destinations. Could this be the charm you've been waiting for?
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 | 2.5 |
| Baths | 2.0 | 2.0 |
| Square foot | 1,069 | 1,320.625 |
| Lot Size | 5,511 | 4,311 |
| Price | $2.75M | $1.44M |
| Price per sq ft | $2.6K | $1.2K |
| Built year | 1934 | 1928 |
| HOA | $0 | $0 |
| Days on market | 207 | 50 |
Aug 19, 2026
$2,750,000
$2,799,000
-2% Price Drop
Initial Listing
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