
Pacific Grove, California 93950
This Spacious Coastal Residence represents a Strong Value Opportunity, listed at $2,449,000—positioned well above the $2,233,761 Fair Market Value by 9%. While the price reflects a premium, the property features a Condition Rating of 3 with modern updates and a Detached Guest House for flexible living. Located near Top-Rated Schools like Robert Down Elementary and Pacific Grove High, this home offers a serene lifestyle near Asilomar Beach. It is an ideal acquisition for Multigenerational Families or Owner-Occupants seeking a turnkey sanctuary in a prime coastal location.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 494 Grove Acre Avenue Subject | $2,449,000* List Price | 4 | 3 | 2,423 | $922 | - |
A 306 Crocker Avenue Sold | $2,045,000 | 3 | 2 | 2,193 | $933 | 0.3 mi |
B 743 Marino Pines Rd Sold | $1,820,000 | 3 | 2 | 1,657 | $1,098 | 0.7 mi |
C 938 Lighthouse Avenue Active | $2,799,000 List Price | 4 | 3 | 3,000 | $933 | 0.4 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
While originally built in 1928, the property has undergone significant renovations that appear to be in the 10-20 year range. The main kitchen features high-end finishes like granite countertops and a Jenn-Air cooktop, and the guest house kitchen is fully functional. The interiors are well-maintained with modern windows and clean systems visible in the garage, making it move-in ready.
Elementary School: Robert Down Elementary School (9/10). High School: Pacific Grove High School (9/10).
The property includes a detached guest home with its own entrance and full kitchen, providing exceptional flexibility for multigenerational living, long-term guests, or a private home office.
Situated just blocks from Asilomar Beach and within walking distance to downtown Pacific Grove, the home offers a rare blend of secluded privacy and convenient access to world-class coastal trails and amenities.
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.
With 102 days on the market and a recent price reduction, the property may be facing challenges with its initial valuation or current buyer demand in this price segment.
Despite interior updates, the 1928 construction date suggests that underlying structural elements or systems may require more frequent maintenance compared to newer builds.
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 |
|---|---|---|
| Beds | 4.0 | 2.5 |
| Baths | 3.0 | 2.0 |
| Square foot | 2,423 | 1,320.625 |
| Lot Size | 8,066 | 4,311 |
| Price | $2.45M | $1.44M |
| Price per sq ft | $1.0K | $1.2K |
| Built year | 1928 | 1928 |
| HOA | $0 | $0 |
| Days on market | 112 | 50 |
Jul 20, 2026
$2,449,000
$2,499,000
-2% Price Drop
Initial Listing
May 20, 2026
$2,499,000
Initial Listing
Nov 30, 2006
$1,399,000
Public Record
Sep 29, 2000
$520,000
Public Record