3047 Sherman Road, Pebble Beach, California 93953, Pebble Beach, 93953 - 4 bed, 3 bath
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3047 Sherman Road
Pebble Beach, California 93953
ACTIVE
CONDITION: FAIR
4Beds
3Baths
2,423Sq Ft
13,000Lot Size
Property Price
LIST PRICE$2,350,000
EST. MARKET VALUE
$2,347,510
SUMMARY
This Spacious Ranch-Style Residence represents a Strong Value Opportunity, listed at $2,350,000—positioned well above the $2,347,511 Fair Market Value. While the home requires modernization, its Condition Rating of 4 is offset by a 1/3 acre lot and a Versatile Guest Cottage. Located near Pacific Grove High School (9/10), the property offers significant lifestyle appeal with Ocean and Forest Views and extensive decking. This is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking to add value through cosmetic updates in a prestigious coastal enclave.
Estimated Market Value
$2,347,510
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 |
|---|---|---|---|---|---|---|
★ 3047 Sherman Road Subject 4 bd · 3 ba · 2,423 sqft · $969 | $2,350,000* List Price | 4 | 3 | 2,423 | $969 | - |
A 3071 Sloat Road Sold 3 bd · 4 ba · 2,613 sqft · $708 · 0.1 mi | $1,850,000 | 3 | 4 | 2,613 | $708 | 0.1 mi |
B 1027 Vaquero Sold 5 bd · 5 ba · 3,166 sqft · $805 · 0.4 mi | $2,550,000 | 5 | 5 | 3,166 | $805 | 0.4 mi |
C 2914 Colton Road Sold 3 bd · 2 ba · 1,588 sqft · $1,102 · 0.6 mi | $1,750,000 | 3 | 2 | 1,588 | $1,102 | 0.6 mi |
D 3037 Lopez Road Active 4 bd · 2 ba · 2,187 sqft · $912 · 0.2 mi | $1,995,000 List Price | 4 | 2 | 2,187 | $912 | 0.2 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 1972 with a dated renovation likely from 20-30 years ago. The kitchen and bathrooms feature older tile countertops, dated wood cabinetry, and aging appliances. While the home appears functional and livable, it requires cosmetic updates and modernization throughout.
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 = 13000, living area = 2423.
- Great Schools
High School: Pacific Grove High School (9/10).
- Prime Coastal Location
Situated just a short walk from Bird Rock Beach in the prestigious Del Monte Forest, the property offers a serene setting bordering a green space with desirable ocean and forest views.
CONSRISKS & DEFICIENCIES
- MLS Listing Discrepancy
Living area discrepancy between mls listing and other public or private record. mls listing living area = 2423, other record living area = 1973. Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 4, other record bedroom count = 3.
- Dated Original Construction
Built in 1972, the ranch-style architecture and underlying systems may require further modernization or maintenance beyond the recently updated kitchen and living spaces.
- Premium Pricing for Age
With a list price of $2.35 million, the property commands a high price point for a 1970s home, which may be a hurdle for buyers looking for fully turnkey or newer luxury builds in the area.
About 3047 Sherman Road
Nestled among the oaks, just a short jaunt from Bird Rock Beach, this spacious 3 bedroom, 2 bath ranch style home sits on a generous 1/3 acre lot. The home has a remodeled open kitchen/living space, with vaulted ceilings plus a separate cottage, and a 2 car garage with ample parking in back. Large bay windows, skylights throughout and sliding doors that open to extensive decking bordering on a Green space complete the Del Monte Forest ambiance.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1972
- Lot Size
- 13,000 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
Pebble Beach Unified Schools
Forest Grove Elementary School
Grades K-5 • 1.6 mi
6/10
Monte Vista
Grades K-5 • 2.3 mi
5/10
Walter Colton
Grades 6-8 • 2.0 mi
3/10
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 4.0 | 3.7 |
| Baths | 3.0 | 3.7 |
| Square foot | 2,423 | 3,141.833 |
| Lot Size | 13,000 | 19,480.333 |
| Price | $2.35M | $4.19M |
| Price per sq ft | $970 | $1.3K |
| Built year | 1972 | 1975 |
| HOA | $0 | $565 |
| Days on market | 33 | 87 |
Pricing History
Listed for Sale
Sep 21, 2026
$2,350,000
Initial Listing