494 Grove Acre Avenue, Pacific Grove, California 93950, Pacific Grove, 93950 - 4 bed, 3 bath
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Pacific Grove, California 93950
This Stunning Move-In Ready Home is listed at $2,499,000, reflecting a premium for its prime location. While the list price sits above the $2,337,379 Fair Market Value, the property offers a rare Sanctuary Aesthetic with a Detached Guest House and Condition Rating of 3. Located near Top-Rated Schools like Robert Down Elementary and Pacific Grove High, this residence provides exceptional lifestyle value. With its proximity to Asilomar Beach and modern interior updates, this is an ideal acquisition for multigenerational families or discerning owner-occupants seeking a peaceful, coastal retreat.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 494 Grove Acre Avenue Subject | $2,499,000* List Price | 4 | 3 | 2,423 | $965 | - |
A 306 Crocker Avenue Sold | $2,045,000 | 3 | 2 | 2,193 | $933 | 0.3 mi |
B 735 Bayview Avenue Sold | $3,200,000 | 3 | 3 | 3,118 | $1,026 | 0.7 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
Originally built in 1928, the property has undergone significant updates that make it move-in ready. The main kitchen features high-end Jenn-Air appliances and stone countertops likely renovated within the last 10-15 years. While the guest house kitchen appears more dated with older white appliances and tile counters, the overall structure, systems (visible in the clean, finished garage), and interior finishes are well-maintained and functional.
Elementary School: Robert Down Elementary School (9/10). High School: Pacific Grove High School (9/10).
The property features a fully equipped detached guest home with its own entrance and kitchen, providing exceptional versatility for multigenerational living, guest accommodations, or a premium home office setup.
Ideally situated within walking distance of Asilomar Beach, downtown Pacific Grove, and top-rated schools, the home offers a rare combination of coastal tranquility and urban convenience.
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =8066, other record lot size in square feet = 7900. Living area discrepancy between mls listing and other public or private record. mls listing living area = 2423, other record living area = 2568. Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 4, other record bedroom count = 3.
Given the original 1928 construction date, the property may require ongoing specialized maintenance for legacy structural or utility components common in older coastal homes.
The list price of $2.499M represents a significant premium for the square footage, which may challenge appraisal values or limit the buyer pool to those specifically valuing the 'Asilomar' micro-location.
The first thing you notice here is the quiet. Set back from the street and just a few blocks from Asilomar Beach, this home feels protected, private, and removed from the noise of the day. From inside the bedrooms, you can hear the ocean on occasion, and coming home has that rare feeling of stepping into your own sanctuary. It is the kind of place where the pace slows, the light softens, and you finally exhale too. Most of the home has been updated, creating interiors that feel modern, comfortable, and easy to live in. Expansive windows draw in natural light and frame the garden, while the primary suite, living room, family room, playroom, and kitchen with walk-in pantry offer an easy, functional flow. A detached guest home with its own entrance and full kitchen adds flexible space for visitors, extended stays, multigenerational living, or a more private setup when needed. A two-car garage, mud room, and extra storage bring added practicality. In about 15 minutes, you can walk to the ocean, beach trail, downtown restaurants, schools, and grocery stores, with 17-Mile Drive and Pebble Beach close by. Quiet, secluded, and easy to lock and leave, this is a Pacific Grove home that feels peaceful, practical, and truly special.
No exterior & parking available.
Grades K-5 • 0.8 mi
Grades K-5 • 0.9 mi
Grades 6-8 • 0.8 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 4.0 | 3.0 | 88% |
| Baths | 3.0 | 2.0 | 84% |
| Square foot | 2,423 | 1,365 | 90% |
| Lot Size | 8,066 | 4,500 | 88% |
| Price | $2.50M | $1.45M | 88% |
| Price per sq ft | $1.0K | $1.0K | 53% |
| Built year | 1928 | 1950 | 31% |
| HOA | $0 | $0 | 50% |
| Days on market | 26 | 145 | 2% |
May 20, 2026
$2,499,000
Initial Listing
Nov 30, 2006
$1,399,000
Public Record
Sep 29, 2000
$520,000
Public Record