1247 Buena Vista Avenue, Pacific Grove, California 93950, Pacific Grove, 93950 - 3 bed, 2 bath
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Pacific Grove, California 93950
This Pacific Grove Value-Add Residence is a Strong Value Opportunity, listed at $995,000—positioned well below the $1,084,965 Fair Market Value by 8%. This valuation gap offers $89,965 in Instant Equity for buyers. While currently in Dated Condition, the home features Ocean Peaks, original hardwood floors, and access to the 9/10 rated Pacific Grove High School. Located in the desirable Del Monte Park neighborhood, the property offers significant upside through modernization. This is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking forced appreciation.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1247 Buena Vista Avenue Subject | $995,000* List Price | 3 | 2 | 1,200 | $891 | - |
A 1107 David Avenue Sold | $1,200,000 | 3 | 2 | 1,462 | $821 | 0.3 mi |
B 1001 David Avenue Sold | $839,000 | 2 | 1 | 890 | $943 | 0.4 mi |
C 1113 Patterson Lane Sold | $700,000 | 2 | 1 | 945 | $741 | 0.4 mi |
D 1227 Shafter Avenue Active | $950,000 List Price | 3 | 2 | 1,000 | $950 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1959, this property is a classic example of a well-maintained but dated home. While it features desirable original hardwood floors and a functional single-level layout, the kitchen and 1.5 bathrooms are outdated and do not meet modern luxury standards. The listing's emphasis on 'bringing your vision' and 'potential' indicates that while the home is livable, it has not had a major renovation in over 20 years and requires cosmetic and likely systemic updates to be considered move-in ready by contemporary standards.
High School: Pacific Grove High School (9/10).
Situated in the desirable Del Monte Park neighborhood, the property offers easy access to Highway 68 and is zoned for top-rated schools, including Pacific Grove High School which boasts a 9/10 rating.
The home's elevated position on the lot provides charming peaks of the ocean, a highly sought-after feature in Pacific Grove that significantly enhances the property's appeal and future resale value.
The property is presented as a 'vision' project, suggesting that the 1959 interior is dated and will require a substantial additional investment to modernize and bring up to contemporary standards.
With only one full bath and one half-bath serving three bedrooms, the current layout may be restrictive for modern families or those expecting a full primary suite.
This three bedroom, one and one-half bath, 1,200 square foot home is located in the Del Monte Park neighborhood of Pacific Grove. The home enjoys peaks of the Ocean from its perch on the 4,500 square foot lot. Once inside, you will find single level living with hardwood floors evident throughout. The large living room with a wood burning fireplace and the big kitchen provide generous spaces for everyday living. There is a one car garage at street level and off street parking. Conveniently located close to schools, shopping and restaurants as well as easy access to Highway 68 and all Pacific Grove amenities. This property offers a wonderful opportunity and much potential. Just bring your vision and personal touches to make this home your own.
No exterior & parking available.
Grades K-5 • 0.8 mi
Grades K-5 • 1.4 mi
Grades 6-8 • 1.1 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 3.0 | 50% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 1,200 | 1,340 | 31% |
| Lot Size | 4,574 | 4,574 | 50% |
| Price | $995.0K | $1.30M | 22% |
| Price per sq ft | $829 | $1.0K | 16% |
| Built year | 1959 | 1950 | 65% |
| HOA | $0 | $0 | 50% |
| Days on market | 69 | 153 | 10% |
Feb 12, 2026
$995,000
Initial Listing