418 Fountain Avenue, Pacific Grove, California 93950, Pacific Grove, 93950 - 1 bed, 1 bath
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Pacific Grove, California 93950
This Historic Coastal Cottage is a Strong Value Opportunity, listed at $925,000—positioned well below the $976,446 Fair Market Value by 5%. This valuation gap provides $51,446 in Instant Equity. Boasting an exceptionally well-maintained condition, the 1910 home features a new roof (2026), refinished parquet floors, and vaulted ceilings with skylights. Located steps from Monterey Bay and within the boundaries of top-rated schools like Robert Down Elementary (9/10) and Pacific Grove High (9/10), it offers a premium lifestyle. This is an ideal acquisition for coastal lifestyle seekers or Owner-Occupants prioritizing a move-in-ready seaside retreat.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 418 Fountain Avenue Subject | $925,000* List Price | 1 | 1 | 740 | $1,320 | - |
A 515 13th Street Sold | $875,000 | 1 | 1 | 738 | $1,186 | 0.1 mi |
B 405 Carmel Avenue Sold | $1,185,000 | 2 | 1 | 817 | $1,450 | 0.2 mi |
C 139 Carmel Avenue Sold | $900,000 | 1 | 1 | 556 | $1,619 | 0.3 mi |
D 216 Park Street Active | $1,039,000 List Price | 1 | 1 | 717 | $1,449 | 0.3 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
This 1910 cottage is exceptionally well-maintained and move-in ready. It features a brand-new roof (2026), fresh interior/exterior paint, and newly refinished parquet floors. While the kitchen cabinetry and appliances appear to be from a previous renovation (approx. 10-20 years old), they are functional and sparkling clean, meeting the criteria for a well-maintained property of its age.
Elementary School: Robert Down Elementary School (9/10). High School: Pacific Grove High School (9/10).
This 1910 cottage features timeless appeal with a white picket fence and clapboard siding, complemented by modern updates including a brand-new roof and refinished parquet floors.
Situated in a prime Pacific Grove neighborhood, the property is steps from Monterey Bay and within walking distance to top-rated schools and downtown amenities.
Living area discrepancy between mls listing and other public or private record. mls listing living area = 740, other record living area = 594.
With only one bedroom and 740 square feet of living space, the property may not accommodate growing families or those requiring a dedicated home office.
The 1,900 square foot lot is relatively small, offering limited outdoor space and restricting potential for future structural expansion.
Welcome to this charming cottage in Pacific Grove, filled with timeless coastal character. Framed by white picket fence, the home showcases historic appeal with clapboard siding, casement windows and an inviting front porch, perfect for morning coffee and enjoying the gentle ocean breeze. As you approach, catch a glimpse of the blue waters of Monterey Bay just down the street, beckoning from nearby. Inside, the cozy living room centers around a welcoming fireplace, complemented by newly-refinished parquet wood floors. The home is sparkling clean with fresh interior and exterior paint and brand-new roof in 2026. Vaulted ceilings and multiple skylights fill the space with natural light, enhancing the bright and airy atmosphere throughout. The comfortable bedroom features a large walk-in closet, while the spacious full bathroom offers ample space to unwind. A separate indoor laundry room adds everyday convenience. Step outside to the fenced backyard with deck and patio, perfect for outdoor dining or relaxing with a good book. A generous driveway provides off-street parking, completing the package. Centrally located near shops, schools and the scenic coastal attractions of Pacific Grove, this enchanting cottage offers easy access to all the best of the beautiful Monterey Peninsula.
No exterior & parking available.
Grades K-5 • 0.1 mi
Grades K-5 • 0.8 mi
Grades K-5 • 2.1 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 1.0 | 3.0 | 10% |
| Baths | 1.0 | 2.0 | 23% |
| Square foot | 740 | 1,339.5 | 12% |
| Lot Size | 1,900 | 4,575 | 15% |
| Price | $925.0K | $1.30M | 19% |
| Price per sq ft | $1.2K | $1.0K | 69% |
| Built year | 1910 | 1950 | 13% |
| HOA | $0 | $0 | 50% |
| Days on market | 29 | 154 | 4% |
Mar 24, 2026
$925,000
Initial Listing
Jan 7, 1998
$217,000
Public Record
Feb 21, 1995
$178,000
Public Record
Jun 29, 1994
$135,000
Public Record