3017 Forest Way, Pebble Beach, California 93953, Pebble Beach, 93953 - 3 bed, 2 bath
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3017 Forest Way
Pebble Beach, California 93953
ACTIVE
CONDITION: EXCELLENT
3Beds
2Baths
2,008Sq Ft
12,500Lot Size
Property Price
LIST PRICE$1,995,000
EST. MARKET VALUE
$2,103,705
5% BelowMARKET VALUE
SUMMARY
This Turnkey Single-Family Residence represents a Strong Value Opportunity, listed at $1,995,000—positioned well below the $2,103,705 Fair Market Value by 5%. This valuation gap provides $108,705 in Instant Equity. Featuring a Mint Condition Rating, the home includes a Chef's Kitchen, new hardwood floors, and spa-like baths. With serene Forest Lake reservoir views and proximity to Pacific Grove High School (9/10), this property offers a premium lifestyle. It is an ideal acquisition for Owner-Occupants or discerning buyers seeking a move-in-ready sanctuary.
Estimated Market Value
$2,103,705+$108,705 Equity Potential
Based on Realkey algorithm analyzing recent comparable sales in Pebble Beach.
Comparable Sales Map
Comparables within 1 miles sold in recently
Map unavailable.
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 3017 Forest Way Subject | $1,995,000* List Price | 3 | 2 | 2,008 | $1,048 | - |
A 1155 Lookout Road Sold | $2,050,000 | 3 | 2 | 1,998 | $1,026 | 0.2 mi |
B 1043 Mission Road Sold | $2,250,000 | 4 | 3 | 2,503 | $899 | 0.8 mi |
C 3037 Lopez Road Active | $1,995,000 List Price | 4 | 2 | 2,187 | $912 | 0.4 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Excellent
TeardownExcellent
Property is new construction or fully renovated.
Although built in 1976, the property has undergone extensive recent renovations including two freshly remodeled spa-like bathrooms, new hardwood flooring throughout, and a modern chef's kitchen with high-end stainless steel appliances. The home is in mint, move-in-ready condition with no visible maintenance needs.
PROSSTRENGTHS & OPPORTUNITIES
- High Available Lot Utilization
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 12500, living area = 2008.
- Great Schools
High School: Pacific Grove High School (9/10).
- Prime Location and Setting
Situated on a quiet street in the desirable Country Club area of Pebble Beach, the property offers serene views of the Forest Lake reservoir and a tranquil, vacation-like atmosphere.
CONSRISKS & DEFICIENCIES
- MLS Listing Discrepancy
Living area discrepancy between mls listing and other public or private record. mls listing living area = 2008, other record living area = 1964.
- Aging Infrastructure
Originally constructed in 1976, the property may require ongoing maintenance or updates to core structural systems that were not included in the recent cosmetic renovations.
- Significant Price Appreciation
The current list price reflects a substantial increase from its last recorded sale in early 2025, which may lead to buyer scrutiny regarding the rapid valuation growth in a short period.
About 3017 Forest Way
Set among the pines and overlooking Forest Lake reservoir, this single-level, Santa Barbara-style home leaves one feeling as if they're on permanent vacation. Tucked along one of the quietest streets in the Country Club side of Pebble Beach, the home offers 3 beds and 2 freshly remodeled spa-like baths, new hardwood throughout, and a gracious primary suite with walk-in closet and private exterior deck. The open concept floor plan creates distinct yet connected living spaces, centered around a chefs kitchen ideal for both everyday uses and entertaining. Numerous, separate outdoor sitting areas add to the property's enjoyment. Close to Pebble Beach's celebrated amenities and offering convenient access to Highway 68, this is relaxed Peninsula living at its best.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1976
- Lot Size
- 12,500 Sq. Ft.
Interior
- Total Bedrooms
- 3
- Total Bathrooms
- 2 (2 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Pebble Beach Unified Schools
Forest Grove Elementary School
Grades K-5 • 1.5 mi
6/10
Monte Vista
Grades K-5 • 1.8 mi
5/10
Walter Colton
Grades 6-8 • 1.5 mi
3/10
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 3.9 |
| Baths | 2.0 | 3.4 |
| Square foot | 2,008 | 2,988.9 |
| Lot Size | 12,500 | 24,784.6 |
| Price | $2.00M | $4.28M |
| Price per sq ft | $994 | $1.4K |
| Built year | 1976 | 1974 |
| HOA | $0 | $60 |
| Days on market | 23 | 120 |
Pricing History
Listed for Sale
Aug 17, 2026
$1,995,000
Initial Listing
Sold
Mar 12, 2025
$1,699,000
Public Record
Sold
Jun 12, 1998
$532,000
Public Record
Sold
Sep 2, 1994
$375,000
Public Record