224 16th Street, Pacific Grove, California 93950, Pacific Grove, 93950 - 2 bed, 2 bath
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Pacific Grove, California 93950
This Historic Victorian Commercial-Residential Hybrid is listed at $1,250,000, reflecting the premium value of its rare Downtown Commercial Zoning in central Pacific Grove. While positioned above the $1,107,722 Fair Market Value, the property offers unique versatility for use as a boutique retail space, professional office, or bed and breakfast. Maintaining a Condition Rating of 4, the 1911 structure features a fenced backyard and patio within walking distance of Top-Rated Schools, including Robert Down Elementary (9/10) and Pacific Grove High (9/10). This versatile asset is ideal for Business Owners or Owner-Occupants seeking a high-visibility live-work lifestyle.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 224 16th Street Subject | $1,250,000* List Price | 2 | 2 | 938 | $1,181 | - |
A 119 Fountain Avenue Sold | $1,250,000 | 2 | 2 | 785 | $1,592 | 0.3 mi |
B 515 13th Street Sold | $875,000 | 1 | 1 | 738 | $1,186 | 0.3 mi |
C 311 Congress Avenue Sold | $1,295,000 | 2 | 2 | 1,216 | $1,065 | 0.2 mi |
D 514 6th Street Active | $999,999 List Price | 2 | 2 | 1,056 | $947 | 0.5 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
This 1911 Victorian home is well-maintained but features renovations that appear to be 20-30 years old. The kitchen has dated checkerboard flooring and older white appliances, while the bathroom features basic 4x4 square tiling and older fixtures. The presence of older plush carpeting in the bedrooms and a mix of dated and simple light fixtures suggests the property has not had a major overhaul in several decades, fitting the criteria for a home that is functional but shows signs of being outdated.
Elementary School: Robert Down Elementary School (9/10). High School: Pacific Grove High School (9/10).
Zoned Downtown Commercial, this property offers rare versatility for use as a primary residence, bed and breakfast, professional office, or boutique retail space in a prime location.
Built in 1911, the home features timeless period details, high ceilings, and abundant natural light that preserve its classic Pacific Grove character and aesthetic appeal.
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =2000, other record lot size in square feet = 1800. Living area discrepancy between mls listing and other public or private record. mls listing living area = 938, other record living area = 830.
With only 938 square feet of living space on a 2,000 square foot lot, the property offers limited interior room and outdoor space compared to other residential options at this price point.
Having been on the market for over 380 days, the listing may face buyer skepticism regarding its valuation or potential underlying hurdles to closing.
Charming Victorian Home with Commercial Flexibility in Downtown Pacific Grove. Step into timeless charm with this beautiful Victorian home, perfectly situated in the heart of downtown Pacific Grove. This delightful 2-bedroom, 1+bathroom residence blends historic charm with modern potential, offering an incredible opportunity for both residential and commercial use. Zoned Downtown Commercial, this property provides endless possibilities. With the appropriate permits, explore options such as a bed and breakfast, boutique retail shop, wine tasting, professional offices, or other business venturesall while enjoying the character and warmth of a classic Victorian. Inside, you'll find high ceilings, abundant natural light, and charming period details. The spacious, fenced backyard serves as a private retreat, perfect for entertaining, relaxing, or even expanding your business vision. A large storage shed offers ample space for inventory, equipment, or personal use. Enjoy the convenience.
No exterior & parking available.
Grades K-5 • 0.3 mi
Grades K-5 • 0.8 mi
Grades K-5 • 2.3 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 2.0 | 3.0 | 37% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 938 | 1,339.5 | 23% |
| Lot Size | 2,000 | 4,575 | 17% |
| Price | $1.25M | $1.30M | 44% |
| Price per sq ft | $1.3K | $1.0K | 75% |
| Built year | 1911 | 1950 | 13% |
| HOA | $0 | $0 | 50% |
| Days on market | 393 | 158 | 0% |
Mar 25, 2025
$1,250,000
Initial Listing
Mar 6, 2015
$625,000
Public Record
Nov 20, 2008
$505,000
Public Record