212 1st Street, Pacific Grove, California 93950, Pacific Grove, 93950 - 2 bed, 2 bath
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212 1st Street
Pacific Grove, California 93950
ACTIVE
CONDITION: FAIR
2Beds
2Baths
1,326Sq Ft
4,792Lot Size
Property Price
LIST PRICE$1,549,000
EST. MARKET VALUE
$1,501,452
3% AboveMARKET VALUE
SUMMARY
This 1936 Single Family Residence is a Strong Value Opportunity, listed at $1,549,000—positioned slightly above the $1,501,453 Fair Market Value. While the property requires modernization, its Condition Rating of 4 reflects pride of ownership and a solid foundation. Located in the prestigious Pacific Grove Unified School District, it offers proximity to 9/10 rated schools and captivating ocean views. This home provides a unique canvas for Value-Add Investors or Owner-Occupants looking to personalize a coastal retreat in a prime, high-demand location.
Estimated Market Value
$1,501,452
Based on Realkey algorithm analyzing recent comparable sales in Pacific Grove.
Comparable Sales Map
Comparables within 1 miles sold in recently
Map unavailable.
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 212 1st Street Subject 2 bd · 2 ba · 1,326 sqft · $1,132 | $1,549,000* List Price | 2 | 2 | 1,326 | $1,132 | - |
A 360 Central Avenue Sold 2 bd · 1 ba · 959 sqft · $1,303 · 0.3 mi | $1,250,000 | 2 | 1 | 959 | $1,303 | 0.3 mi |
B 665 Hillcrest Avenue Sold 3 bd · 2 ba · 1,326 sqft · $999 · 0.9 mi | $1,325,000 | 3 | 2 | 1,326 | $999 | 0.9 mi |
C 217 Walnut Street Sold 2 bd · 2 ba · 1,116 sqft · $1,281 · 1.0 mi | $1,430,000 | 2 | 2 | 1,116 | $1,281 | 1.0 mi |
D 851 Laurel Avenue Sold 3 bd · 1 ba · 1,144 sqft · $979 · 1.0 mi | $1,120,000 | 3 | 1 | 1,144 | $979 | 1.0 mi |
E 416 Sinex Avenue Sold 2 bd · 2 ba · 862 sqft · $1,334 · 0.5 mi | $1,150,000 | 2 | 2 | 862 | $1,334 | 0.5 mi |
F 195 Cedar Street Sold 3 bd · 2 ba · 1,229 sqft · $976 · 0.9 mi | $1,200,000 | 3 | 2 | 1,229 | $976 | 0.9 mi |
G 229 7th Street Sold 3 bd · 2 ba · 1,047 sqft · $1,194 · 0.2 mi | $1,250,000 | 3 | 2 | 1,047 | $1,194 | 0.2 mi |
H 665 Pine Avenue Sold 3 bd · 2 ba · 942 sqft · $1,221 · 0.7 mi | $1,150,000 | 3 | 2 | 942 | $1,221 | 0.7 mi |
I 218 4th Street Active 4 bd · 3 ba · 1,403 sqft · $1,247 · 0.1 mi | $1,750,000 List Price | 4 | 3 | 1,403 | $1,247 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Fair
TeardownExcellent
Property is moderate renovation needed.
Built in 1936 with a kitchen renovation likely dating back 25-30 years, featuring oak cabinets and white tile countertops. The interior shows pride of ownership but is dated, with popcorn ceilings and older carpeting that require modern updates.
PROSSTRENGTHS & OPPORTUNITIES
- Great Schools
Elementary School: Robert Down Elementary School (9/10). High School: Pacific Grove High School (9/10).
- Prime Coastal Location
Situated in a quiet Pacific Grove neighborhood, the property offers exceptional proximity to the Monterey Bay Aquarium, local dining, and world-class coastal recreation.
- Top-Tier School District
The home is located within the highly-regarded Pacific Grove Unified School District, providing access to top-rated institutions including Robert Down Elementary and Pacific Grove High School.
CONSRISKS & DEFICIENCIES
- MLS Listing Discrepancy
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =4792, other record lot size in square feet = 4900. Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 2, other record bedroom count = 3.
- High Price Per Square Foot
At a list price of $1,549,000 for 1,326 square feet, the property commands a significant premium that may challenge buyers looking for more interior living space at this price point.
- Limited Parking and Storage
The inclusion of only a one-car garage may be a constraint for multi-vehicle households or those requiring extensive additional storage space.
About 212 1st Street
Nestled on a quiet street in Pacific Grove, this beautifully maintained 1936 home offers timeless character, exceptional versatility, and captivating ocean views. Featuring 2 bedrooms, 2 bathrooms, a dedicated office, and a bonus room, the home provides flexible spaces to accommodate today's lifestyle needs, whether working from home or hosting guests. The inviting interior blends classic charm with pride of ownership, reflecting years of thoughtful maintenance. A one-car garage adds convenience, while the peaceful setting offers a welcome retreat just moments from everything Pacific Grove has to offer. Enjoy proximity to local shops, restaurants, coastal recreation, and world-renowned attractions, including the Monterey Bay Aquarium. Located within the highly regarded Pacific Grove Unified School District, this property presents a rare opportunity to enjoy the charm, convenience, ocean views, and coastal lifestyle that make Pacific Grove so special.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1936
- Lot Size
- 4,792 Sq. Ft.
Interior
- Total Bedrooms
- 2
- Total Bathrooms
- 2 (2 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Pacific Grove Unified Schools
Robert Down Elementary School
Grades K-5 • 0.4 mi
9/10
Forest Grove Elementary School
Grades K-5 • 1.2 mi
6/10
Monte Vista
Grades K-5 • 2.0 mi
5/10
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 2.0 | 2.6 |
| Baths | 2.0 | 2.0 |
| Square foot | 1,326 | 1,342.844 |
| Lot Size | 4,792 | 4,470.75 |
| Price | $1.55M | $1.42M |
| Price per sq ft | $1.2K | $1.2K |
| Built year | 1936 | 1932 |
| HOA | $0 | $0 |
| Days on market | 39 | 62 |
Pricing History
Listed for Sale
Sep 15, 2026
$1,549,000
Initial Listing