115 1st Street, Pacific Grove, California 93950, Pacific Grove, 93950 - 2 bed, 2 bath
Loading property details...
Pacific Grove, California 93950
Analysis of 115 1st Street, Pacific Grove, California 93950 is currently available with a list price of $2,875,000. 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.
While originally built in 1934, the property has undergone a high-end, comprehensive renovation within the last 5 years. The kitchen is fully modernized with premium stainless steel appliances, contemporary shaker cabinetry, and designer herringbone tile flooring. The interior features updated lighting, marble fireplace finishes, and pristine wood floors, meeting the criteria for mint condition with no immediate maintenance required.
Elementary School: Robert Down Elementary School (9/10). High School: Pacific Grove High School (9/10).
Designed by master builder M. J. Murphy, this 1934 English Cottage offers rare historical significance and superior craftsmanship that distinguishes it from standard modern construction.
Situated just moments from the shoreline in a coveted Pacific Grove neighborhood, the home features stunning views of the bay and ocean, providing an elite coastal lifestyle.
At a list price of $2,875,000 for 1,069 square feet, the property commands a significant premium exceeding $2,600 per square foot, which may limit the pool of value-conscious buyers.
The modest two-bedroom footprint and compact square footage may be restrictive for families or those requiring additional space for a home office or guest accommodations.
Spring arrives along the Pacific in Pacific Grove, unveiling a one-of-a-kind English Cottage residence that embodies the distinction between true architectural craftsmanship & standard construction. Conceived by master builder M. J. Murphy, whose legacy shaped the Monterey Peninsula, this home reflects a level of artistry, intention & enduring quality rarely replicated today. Perched moments from the shoreline, it offers a refined coastal lifestyle where ocean air, garden blooms & natural light define daily living. Steeply pitched gables, smooth white stucco & a prominent chimney create a timeless storybook silhouette framed by curated gardens & classic hardscaping. Inside, sunlight pours through generous windows, revealing soft ocean glimpses while illuminating warm wood floors & beautifully proportioned spaces. An elegant fireplace anchors the living area, where heritage detail meets modern comfort. Outdoors, stone pathways & garden terraces come alive in the spring air, inviting quiet mornings, leisurely afternoons & golden evenings beneath open skies. Set within one of Pacific Groves most cherished seaside neighborhoods, this residence offers rare architectural provenance, understated luxury & the enduring allure of coastal California living.
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 | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 2.0 | 3.0 | 35% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 1,069 | 1,340 | 27% |
| Lot Size | 5,511 | 4,650 | 69% |
| Price | $2.88M | $1.32M | 90% |
| Price per sq ft | $2.7K | $1.0K | 98% |
| Built year | 1934 | 1949 | 35% |
| HOA | $0 | $0 | 50% |
| Days on market | 67 | 153 | 10% |
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