1263 Reservoir Road, Pescadero, California 94060, Pescadero, 94060 - 3 bed, 2 bath

1263 Reservoir Road, Pescadero, California 94060 home-pic-0
ACTIVE$2,800,000
1263 Reservoir Road, Pescadero, California 94060
3Beds
2Baths
2,000Sqft
76,230Lot
Year Built
1950
Close
-
List price
$2.8M
Original List price
$3.5M
Price/Sqft
$1,400
HOA
-
Days on market
-
Sold On
-
MLS number
ML82009102
Home ConditionFair
Features
Excellent View: Ocean
Deck
Spa
Patio
ViewOcean

About this home

We found 3 Cons,6 Pros. Rank: price - $2.80M(75th), sqft - 2000(75th), beds - 3(50th), baths - 2(75th).

Imagine waking up to the stunning expanse of the Pacific Ocean right outside your window. This is more than just another listing. it's a rare opportunity to own a piece of coastal paradise. Situated on 1.75 acres of pristine land, this property offers both unobstructed ocean views and a range of compelling features that truly set it apart. Perfect for those envisioning a family compound or looking to invest in a property with substantial potential income, this estate seamlessly combines luxury living with practical benefits. The main and guest houses allow flexibility, whether you're hosting family and friends or leveraging the thriving short-term rental market. The guest house alone brings in about $80,000 annually, providing a substantial return on investment. Key Features and Amenities: Main house and guest house with dedicated spaces for comfort and hospitality. Two-car garage, offering convenience and ample storage. Panoramic ocean views complimented by spectacular sunsets from your front yard. Proximity to Pescadero Beach and Pescadero Marsh, ideal for nature lovers. Just two miles from downtown Pescadero, famous for its quaint shops and charming local culture.

Price History

Date
Event
Price
09/13/25
Price Change
$2,800,000-11.1%
09/06/25
Price Change
$3,150,000
05/30/25
Listing
$3,500,000
Condition Rating
Fair

The property, built in 1950, appears well-maintained but shows signs of being outdated, particularly in the kitchen. While the living areas feature well-kept hardwood floors and neutral paint, the kitchen has traditional white cabinets, dark, possibly laminate countertops, dated vinyl flooring, and track lighting, suggesting it was renovated 15-30 years ago or has not been significantly updated in a long time. Stainless steel appliances are present but do not elevate the overall dated aesthetic. No bathroom images were provided for assessment. The home is functional and move-in ready, but significant cosmetic updates would be required to meet modern standards, especially in the kitchen.
Pros & Cons

Pros

High Available Lot Utilization: The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 76230, living area = 2000.
Panoramic Ocean Views: The property boasts stunning, unobstructed panoramic ocean views, including spectacular sunsets, which is a highly desirable and premium feature for coastal real estate.
Significant Income Potential: The guest house alone generates approximately $80,000 annually, providing a substantial return on investment or offsetting ownership costs.
Expansive Coastal Acreage: Situated on a generous 1.75 acres of pristine land, offering rare privacy and space in a coveted coastal location.
Dual Residences: Includes both a main house and a guest house, providing flexibility for a family compound, multi-generational living, or continued rental income.
Desirable Coastal Location: Located in Pescadero, offering proximity to Pescadero Beach, Pescadero Marsh, and the charming downtown area with its quaint shops and local culture.

Cons

Age of Property: Built in 1950, the property may require significant updates, renovations, or ongoing maintenance to meet modern buyer expectations and energy efficiency standards for a luxury price point.
Significant Price Reductions: The property has undergone substantial price reductions from its original listing of $3.5M to $2.8M, which could indicate market resistance, initial overpricing, or potential underlying issues to prospective buyers.
Limited Interior Details: The description focuses heavily on views and income, but lacks specific details regarding the main house's interior condition, finishes, or recent upgrades, which could be a concern for a 1950-built home at this price.

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