135 5th Street, Pacific Grove, California 93950, Pacific Grove, 93950 - 4 bed, 4 bath
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Pacific Grove, California 93950
This Turnkey Craftsman is a Strong Value Opportunity, listed at $2,395,000—positioned well below the $2,266,950 Fair Market Value by -5%. Featuring a Condition Rating of 2, this home offers modern luxury with Quartzite countertops and an ultra-modern boiler system. Located near Top-Rated Schools like Robert Down Elementary and Pacific Grove High, it provides a premium coastal lifestyle. With its versatile floor plan and ocean peeks, this property is an ideal acquisition for Owner-Occupants or discerning professionals seeking a move-in ready residence.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 135 5th Street Subject | $2,395,000* List Price | 4 | 4 | 2,159 | $1,050 | - |
A 157 15th Street Sold | $1,848,000 | 3 | 3 | 2,105 | $878 | 0.4 mi |
B 302 Park Street Sold | $1,950,000 | 4 | 3 | 1,835 | $1,063 | 0.7 mi |
C 421 Eardley Avenue Sold | $1,825,000 | 2 | 2 | 1,749 | $1,043 | 0.3 mi |
D 607 Congress Avenue Sold | $2,050,000 | 2 | 2 | 1,534 | $1,336 | 0.7 mi |
E 218 4th Street Active | $1,899,999 List Price | 4 | 3 | 1,403 | $1,354 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
While originally built in 1918, the property features a very recent renovation including brand new Quartzite kitchen countertops and fully updated bathrooms with modern tile and fixtures. The addition of an ultra-modern boiler system for climate control and the mint, move-in-ready condition of the interior meet the criteria for a high-end renovation within the last 5 years.
Elementary School: Robert Down Elementary School (9/10). High School: Pacific Grove High School (9/10).
Ideally situated within walking distance to downtown Pacific Grove, the beach, and the Monterey Bay Aquarium, offering an quintessential coastal lifestyle with high walkability.
This 1918 Craftsman seamlessly blends vintage character with high-end updates, including brand new Quartzite countertops, renovated bathrooms, and a sophisticated boiler system for individual room climate control.
Living area discrepancy between mls listing and other public or private record. mls listing living area = 2159, other record living area = 1496.
The 3,955-square-foot lot is relatively compact, which may limit outdoor entertaining space and privacy compared to other properties in this price bracket.
With 55 days on the market and a recent $100,000 price reduction, the property is currently navigating a period of price discovery to align with buyer expectations.
Built in 1918, this Pacific Grove Craftsman is full of charm, character, and the kind of vintage details that make a home feel truly special. Set on a 3,955-square-foot lot, there are 4 bedrooms, 4 bathrooms, and approximately 2,159 square feet of living space with a primary bedroom, with ensuite, on each floor. Natural light fills the interior, and you will absolutely love the vibe in the living room with the fireplace and peeks of the ocean. Brand new Quartzite counter tops in the kitchen and updated bathrooms finish off this home allowing you to move right in and enjoy. An ultra-modern boiler system allows individual climate control to each room. The garage space has been used as a workshop but could also be a gym or art studio. Located just a short distance from downtown Pacific Grove, the beach, the Monterey Bay Aquarium and local restaurants and shops, this is a rare opportunity to own a classic Craftsman with history, personality, and timeless appeal.
No exterior & parking available.
Grades K-5 • 0.4 mi
Grades K-5 • 1.2 mi
Grades K-5 • 2.1 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 4.0 | 2.0 |
| Baths | 4.0 | 2.0 |
| Square foot | 2,159 | 1,534 |
| Lot Size | 3,955 | 5,311 |
| Price | $2.40M | $1.45M |
| Price per sq ft | $1.1K | $1.1K |
| Built year | 1918 | 1920 |
| HOA | $0 | $0 |
| Days on market | 56 | 44 |
Jul 7, 2026
$2,395,000
$2,495,000
-4% Price Drop
Initial Listing
May 27, 2026
$2,495,000
Initial Listing
Aug 26, 2011
$560,000
Public Record