218 4th Street, Pacific Grove, California 93950, Pacific Grove, 93950 - 4 bed, 3 bath
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218 4th Street
Pacific Grove, California 93950
ACTIVE
CONDITION: GOOD
4Beds
3Baths
1,403Sq Ft
4,500Lot Size
Property Price
LIST PRICE$1,350,000
EST. MARKET VALUE
$1,350,000
SUMMARY
This Coastal Residential Property represents a Strong Value Opportunity, listed at $1,300,000—positioned well below the $1,899,999 Fair Market Value by 31.58%. This significant valuation gap offers $599,999 in Instant Equity. Featuring a Condition Rating of 3, the home includes a detached ADU and sweeping ocean views. With proximity to Top-Rated Schools like Robert Down Elementary and Pacific Grove High, this property is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking a high-potential coastal lifestyle.
Estimated Market Value
$1,350,000
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 |
|---|---|---|---|---|---|---|
★ 218 4th Street Subject 4 bd · 3 ba · 1,403 sqft · $962 | $1,350,000* List Price | 4 | 3 | 1,403 | $962 | - |
A 219 Willow Street Sold 4 bd · 3 ba · 1,480 sqft · $1,047 · 0.8 mi | $1,550,000 | 4 | 3 | 1,480 | $1,047 | 0.8 mi |
B 709 Lobos Avenue Sold 3 bd · 2 ba · 1,310 sqft · $1,190 · 0.8 mi | $1,559,000 | 3 | 2 | 1,310 | $1,190 | 0.8 mi |
C 512 12th Street Sold 3 bd · 3 ba · 1,950 sqft · $831 · 0.4 mi | $1,620,000 | 3 | 3 | 1,950 | $831 | 0.4 mi |
D 801 Junipero Avenue Sold 2 bd · 2 ba · 1,313 sqft · $1,104 · 0.9 mi | $1,450,000 | 2 | 2 | 1,313 | $1,104 | 0.9 mi |
E 665 Pine Avenue Sold 3 bd · 2 ba · 942 sqft · $1,221 · 0.6 mi | $1,150,000 | 3 | 2 | 942 | $1,221 | 0.6 mi |
F 212 1st Street Active 2 bd · 2 ba · 1,326 sqft · $1,168 · 0.1 mi | $1,549,000 List Price | 2 | 2 | 1,326 | $1,168 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Good
TeardownExcellent
Property is move-in ready.
While the structure dates to 1912, the interior shows high-quality renovations likely completed within the last 5-15 years. The kitchen is updated with modern shaker cabinetry and premium retro-style appliances, and the bathrooms feature clean, contemporary tiling and fixtures. The hardwood floors and architectural details are well-maintained, making the home move-in ready.
PROSSTRENGTHS & OPPORTUNITIES
- Great Schools
Elementary School: Robert Down Elementary School (9/10). High School: Pacific Grove High School (9/10).
- Prime Coastal Location & Views
Ideally situated near Lover's Point in the heart of Pacific Grove, this property offers sweeping views of the Pacific Ocean and Monterey Bay, providing a quintessential coastal lifestyle.
- Income Potential with ADU
The inclusion of a detached Accessory Dwelling Unit (ADU) alongside the three-bedroom main residence offers versatile options for rental income or multi-generational living.
CONSRISKS & DEFICIENCIES
- MLS Listing Discrepancy
Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 4, other record bedroom count = 3.
- Extended Days on Market
The property has been active for 143 days with multiple price fluctuations, suggesting potential challenges in aligning the auction expectations with current market demand.
- Compact Square Footage
With only 1,403 square feet split between the main house and the ADU, the interior living space may feel small for buyers accustomed to more expansive luxury layouts.
About 218 4th Street
LUXURY PROPERTY AUCTION: 30 SEPTEMBER - 28 OCTOBER. Estimated sale price: $1.6M-$2M. Classic coastal character and sweeping Pacific Ocean views define this distinctive residence near Lover's Point in the heart of Pacific Grove. Rich architectural details including stained-glass windows, hardwood floors, and high ceilings bring timeless warmth to the light-filled interiors. Expansive windows frame the surrounding coastal scenery while creating an inviting atmosphere for relaxed living and entertaining. The main residence offers three bedrooms and two bathrooms, complemented by a detached ADU for compelling income potential. Ideally positioned to enjoy the Monterey Peninsula lifestyle, close to Pebble Beach, Carmel, golf, restaurants, and shopping this charming property combines historic appeal, natural beauty, and proximity to the waterfront in one of Pacific Groves most desirable settings. 24-hour notice to show. Interested Buyers can register at instantgavel.com
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1912
- Lot Size
- 4,500 Sq. Ft.
Interior
- Total Bedrooms
- 4
- Total Bathrooms
- 3 (3 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 • 0.3 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 | 4.0 | 2.6 |
| Baths | 3.0 | 2.0 |
| Square foot | 1,403 | 1,342.844 |
| Lot Size | 4,500 | 4,470.75 |
| Price | $1.35M | $1.42M |
| Price per sq ft | $962 | $1.2K |
| Built year | 1912 | 1932 |
| HOA | $0 | $0 |
| Days on market | 154 | 62 |
Pricing History
Listed for Sale
Oct 15, 2026
$1,350,000
$1,300,000
+4% Price Increase
Initial Listing
Price Change
Oct 9, 2026
$1,300,000
$1,250,000
+4% Price Increase
Initial Listing
Price Change
Sep 30, 2026
$1,250,000
$1,750,000
-29% Price Drop
Initial Listing
Price Change
Aug 28, 2026
$1,750,000
$1,899,999
-8% Price Drop
Initial Listing
Price Change
May 23, 2026
$1,899,999
Initial Listing
Sold
Aug 9, 2023
$1,600,000
Public Record
Sold
Nov 27, 2019
$1,399,000
Public Record
Sold
Aug 3, 2016
$1,387,000
Public Record
Sold
Jan 19, 1996
$250,000
Public Record