51 Shepherds 51, Pebble Beach, California 93953, Pebble Beach, 93953 - 2 bed, 2 bath
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Pebble Beach, California 93953
This Pebble Beach Value-Add Condominium is listed at $935,000, offering a strategic entry into the prestigious Shepherd’s Knoll gated community. While the price is positioned above the $866,970 Fair Market Value, the property’s Condition Rating of 4 presents a significant opportunity for forced appreciation through modernization. The 1,485 sqft layout features a wet bar, fireplace, and a private patio with forest views and a bay peek. With comparable area sales exceeding $1,100,000, this asset is an ideal project for Value-Add Investors or Owner-Occupants looking to build equity in a world-class coastal location.
Property is moderate renovation needed.
Built in 1982, the property appears well-maintained but remains largely in its original condition. The kitchen features dated white appliances and older wood cabinetry, while the bathrooms and living areas show signs of age with standard beige carpeting and older light fixtures. While functional and move-in ready, the unit requires cosmetic updates and modernization to align with contemporary luxury standards.
Situated in the exclusive Shepherd's Knoll community of Pebble Beach, this property offers a secure, gated environment with convenient access to world-class golf, Monterey, and Carmel-by-the-Sea.
The unit features a desirable ground-level entry with 1,485 square feet of living space, including a private single-car garage, in-unit laundry, and a wet bar for effortless living.
The property provides a peaceful atmosphere with a private patio overlooking the surrounding forest and a peek of the Monterey Bay, offering a serene retreat.
The association fee is $1,066 per month, which represents a significant recurring expense that may impact the overall affordability for some buyers.
Built in 1982, the unit may require modern updates or renovations to align with contemporary luxury standards and maximize its market value.
Great opportunity to own this ground level unit in desirable Shepherd's Knoll. This peaceful, gated development is close to world class golf of Pebble Beach, Community Hospital of the Monterey Peninsula and shopping in Monterey and Carmel-by-the-Sea. With more than a peak of the beautiful Monterey Bay. This unit includes a fireplace, single car garage, wet-bar, cozy patio overlooking the surrounding forest and in-unit laundry. Easy access in and out of Pebble Beach, this property is ready to be enjoyed.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 2.0 | 3.0 | 43% |
| Baths | 2.0 | 3.0 | 43% |
| Square foot | 1,485 | 1,929 | 29% |
| Lot Size | 1,943 | 1,688 | 71% |
| Price | $935.0K | $1.07M | 29% |
| Price per sq ft | $630 | $630 | 50% |
| Built year | 1982 | 1982 | 50% |
| HOA | $1066.0 | $1.1K | 43% |
| Days on market | 114 | 120 | 29% |
Feb 12, 2026
$935,000
Initial Listing
Feb 15, 2023
$800,000
Public Record
Oct 4, 2021
$800,000
Public Record
Sep 9, 2008
$620,000
Public Record
Jun 30, 2005
$725,000
Public Record