
Pacific Grove, California 93950
This Stunning Coastal Retreat is a Strong Value Opportunity, listed at $2,449,000—positioned well below the $2,342,658 Fair Market Value by -4%. Featuring a Condition Rating of 3, this home offers a Detached Guest House and serene garden views in a prime location near Asilomar Beach. With access to Top-Rated Schools like Robert Down Elementary and Pacific Grove High, this property balances lifestyle luxury with long-term stability. It is an ideal acquisition for multi-generational families or discerning owner-occupants seeking a private, move-in ready sanctuary.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 494 Grove Acre Avenue Subject 0 bd · 0 ba · 2,423 sqft · $924 | $2,299,000* List Price | 0 | 0 | 2,423 | $924 | - |
A 817 Congress Avenue Pending 0 bd · 0 ba · 2,480 sqft · $800 · 0.6 mi | $1,985,000 List Price | 0 | 0 | 2,480 | $800 | 0.6 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
Although originally built in 1928, the property has undergone a comprehensive renovation likely within the 10-20 year range. The kitchen and bathrooms are well-maintained and functional with tile finishes and updated cabinetry. The interior features modern recessed lighting, hardwood floors, and a finished garage, indicating the home is in move-in ready condition.
Elementary School: Robert Down Elementary School (9/10). High School: Pacific Grove High School (9/10).
The property includes a full detached guest home with its own kitchen and entrance, providing exceptional flexibility for multi-generational living, long-term guests, or a private home office.
Located just blocks from Asilomar Beach and near 17-Mile Drive, this home offers a highly desirable lifestyle with easy access to beach trails, top-rated schools, and world-class golf courses.
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.
With over 120 days on the market and a recent price reduction, the listing may face challenges regarding perceived value or buyer hesitation in the current market.
Originally built in 1928, the property may require ongoing maintenance or specialized care for its aging structural systems, despite modern interior updates.
Imagine Pacific Grove coastal living with a detached guest cottage near Asilomar Beach. Enjoy a private retreat with room to live, host, work and recharge. Set back from the street, the main home offers a sheltered setting for quiet mornings and relaxed evenings. Expansive windows welcome natural light and tranquil garden views, while thoughtfully updated interiors create inviting spaces to gather or unwind. A primary suite, living room, family room, media room and kitchen with a walk-in pantry bring comfort and flexibility to daily life. The detached guest cottage features its own entrance, full kitchen and bathroom, allowing visitors to settle in while everyone enjoys their space. Picture extended stays with loved ones, a workspace apart from the main house or a creative retreat. A two-car garage, mud room and generous upstairs storage add everyday convenience. Explore Asilomar beach trails, downtown Pacific Grove dining and shops, and the coastal scenery of the Monterey Peninsula. With Pebble Beach, 17-Mile Drive and renowned golf nearby, there is plenty to enjoy beyond your garden retreat. From hosting guests to making room for hobbies, this home offers possibilities for your next chapter. Experience the setting, explore the cottage and imagine making Pacific Grove your home.
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.
Oct 13, 2026
$2,299,000
$2,399,990
-4% Price Drop
Initial Listing
Oct 5, 2026
$2,399,990
$2,449,000
-2% Price Drop
Initial Listing
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