127 16th Street, Pacific Grove, California 93950, Pacific Grove, 93950 - 3 bed, 4 bath
Loading property details...
Pacific Grove, California 93950
This Victorian-inspired residence is a Strong Value Opportunity, listed at a List Price of $2,950,000, which aligns with its $2,950,000 Fair Market Value. Featuring a Good Condition Rating, this 3,332 sq. ft. home offers a versatile dual-suite layout and high-end finishes. Located in the desirable Retreat neighborhood, it provides proximity to Top-Rated Schools like Robert Down Elementary and Pacific Grove High. With its coastal charm, Water Views, and Attached 2-Car Garage, this property is an ideal acquisition for Owner-Occupants or discerning professionals seeking a move-in ready coastal sanctuary.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 127 16th Street Subject | $2,950,000* List Price | 3 | 4 | 3,127 | $943 | - |
A 135 5th Street Active | $2,495,000 List Price | 4 | 4 | 2,159 | $1,156 | 0.5 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
Built in 1989, this Victorian-inspired home is exceptionally well-maintained and move-in ready. While the structure is 35 years old, the kitchen and bathrooms feature high-end finishes (granite, custom cabinetry, and tile work) that appear to be 10-20 years old, placing it firmly in the 'Good' category for its age and condition.
Elementary School: Robert Down Elementary School (9/10). High School: Pacific Grove High School (9/10).
Situated in the heart of the desirable Retreat neighborhood, this home offers exceptional walkability to Pacific Grove's shoreline, downtown shops, and top-rated schools.
Built in 1989, the property provides the aesthetic charm of a grand Victorian while offering modern structural benefits, including a spacious 3,332 sq. ft. floor plan and an attached 2-car garage.
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 lot size of only 3,600 sq. ft. for a home exceeding 3,000 sq. ft., the property offers very little yard space for gardening or outdoor entertaining.
A recent $600,000 price reduction and extended time on the market suggest that the property may have faced challenges with its initial valuation or niche buyer appeal.
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 | 98% |
| Square foot | 3,127 | 1,365 | 98% |
| Lot Size | 3,600 | 4,500 | 37% |
| Price | $2.95M | $1.45M | 90% |
| Price per sq ft | $943 | $1.0K | 35% |
| Built year | 1989 | 1950 | 94% |
| HOA | $0 | $0 | 50% |
| Days on market | 243 | 145 | 92% |
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