
Pacific Grove, California 93950
This Turnkey Residential Property is a Strong Value Opportunity, listed at $2,449,000—positioned well below the $2,342,658 Fair Market Value by -4%. While the list price reflects a premium, the property offers a Condition Rating of 3, featuring modern updates and a Detached Guest Home for flexible living. Located near Top-Rated Schools like Robert Down Elementary and Pacific Grove High, this home provides a serene coastal lifestyle. It is an ideal acquisition for Multigenerational Families or Owner-Occupants seeking a peaceful, move-in ready sanctuary near Asilomar Beach.
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 | 0 | 0 | 2,423 | $967 | - |
A 817 Congress Avenue Pending | $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.
While originally built in 1928, the property has undergone significant renovations. The kitchen and bathrooms feature light wood cabinetry and tile work consistent with a high-quality update from approximately 10-20 years ago. The home is well-maintained and move-in ready, featuring updated hardwood floors, recessed lighting, and a finished garage, though the appliances and countertop materials are no longer considered modern 'Excellent' grade.
Elementary School: Robert Down Elementary School (9/10). High School: Pacific Grove High School (9/10).
The property features a separate guest home with its own entrance and full kitchen, providing exceptional versatility for multigenerational living, long-term guests, or a private home office.
Ideally situated just blocks from Asilomar Beach and within walking distance to downtown Pacific Grove, the home offers a rare combination of secluded tranquility and convenient access to top-rated schools 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.
The property has been on the market for over 60 days and has already undergone a price reduction, which may indicate that the initial pricing was aggressive for the current market conditions.
Despite modern interior updates, the 1928 construction date suggests potential buyers may face maintenance challenges or system upgrades inherent to century-old properties.
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.
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