127 16th Street, Pacific Grove, California 93950, Pacific Grove, 93950 - 3 bed, 4 bath
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Pacific Grove, California 93950
Analysis of 127 16th Street, Pacific Grove, California 93950 is currently available with a list price of $2,950,000. The property maintains a Good Condition Rating (78/100), reflecting solid structural condition with well-maintained systems. The property presents an attractive opportunity for buyers seeking a move-in ready home. 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 move-in ready.
Built in 1989, the home is exceptionally well-maintained and move-in ready. While the kitchen and bathrooms reflect a style from a previous renovation (approximately 15-20 years ago) with granite countertops and traditional wood cabinetry, the systems and interior finishes appear functional and clean with no immediate maintenance required.
Elementary School: Robert Down Elementary School (9/10). High School: Pacific Grove High School (9/10).
Ideally situated in the heart of the Retreat neighborhood, this property offers exceptional walkability to Pacific Grove's vibrant downtown, local shops, and the scenic shoreline.
Built in 1989, the home provides the timeless aesthetic and character of a grand Victorian while offering the structural benefits, modern comforts, and spaciousness of a newer build.
The property has a small lot size, more than 70 percent of which is taken by its living area. lot size in square feet = 3600, living area = 3127.
With a substantial 3,332 sq. ft. home situated on a 3,600 sq. ft. lot, the property has a high lot-coverage ratio, resulting in minimal yard space and limited privacy from neighbors.
The property has undergone a significant $600,000 price reduction and has remained on the market since October 2025, which may suggest initial overpricing or a disconnect with current market demand.
Pacific Grove home for sale. Price adjusted to $2,950,000 3/1/2026. Welcome home to 127 16th Street in Pacific Grove a grand Victorian-inspired residence ideally located in the heart of the Retreat neighborhood. Built new in 1989, this spacious home blends timeless style with modern comfort. Offering approximately 3,332+/- sq. ft., features 3 bedrooms, 4 baths, and an attached 2-car garage with a wine cellar/cooler area perfect for the enthusiast. Thoughtfully designed with two primary suites: one on the ground level, currently enjoyed as a lounge or guest retreat, and another privately set on the top floor as the crown jewel suite. The main living area on the second level welcomes gatherings and relaxation, with generous proportions and inviting natural light. Enjoy the character, craftsmanship, and coastal charm that make this Pacific Grove property a rare find just moments from the shoreline, shops, and vibrant downtown life.
No exterior & parking available.
Grades K-5 • 0.4 mi
Grades K-5 • 1.1 mi
Grades K-5 • 2.4 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 3.0 | 50% |
| Baths | 4.0 | 2.0 | 94% |
| Square foot | 3,127 | 1,346 | 96% |
| Lot Size | 3,600 | 4,575 | 37% |
| Price | $2.95M | $1.31M | 90% |
| Price per sq ft | $943 | $1.0K | 38% |
| Built year | 1989 | 1950 | 90% |
| HOA | $0 | $0 | 50% |
| Days on market | 190 | 158 | 63% |
Mar 10, 2026
$2,950,000
Initial Listing
Oct 14, 2025
$3,550,000
Initial Listing
Jul 12, 2007
$1,725,000
Public Record
Dec 5, 2000
$1,050,000
Public Record