
Pacific Grove, California 93950
This property presents a High-Potential Investment Opportunity with a List Price of $999,999, currently positioned at its $999,999 Fair Market Value. While the home requires a full rehab due to its Condition Rating of 5, the asset offers significant upside for those looking to modernize a coastal property. Located in a premier district with Top-Rated Schools like Robert Down Elementary and Pacific Grove High, the home features a partial ocean view and a functional layout. This is an ideal acquisition for Fix-and-Flip Investors or Contractors seeking a value-add project.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 514 6th Street Subject 2 bd · 2 ba · 1,056 sqft · $947 | $999,999* List Price | 2 | 2 | 1,056 | $947 | - |
A 212 11th Street Active 2 bd · 1 ba · 811 sqft · $985 · 0.3 mi | $799,000 List Price | 2 | 1 | 811 | $985 | 0.3 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
Built in 1972, the home features a completely outdated kitchen with original wood cabinetry and an old electric coil cooktop, alongside a dated bathroom. The interior is over 30 years old without significant modern renovations and requires a full rehab.
Elementary School: Robert Down Elementary School (9/10). High School: Pacific Grove High School (9/10).
Situated in the heart of Pacific Grove, the home is just moments from Lovers Point, scenic coastal trails, and downtown amenities, offering an ideal seaside lifestyle.
The property is zoned for top-tier schools, including Pacific Grove High and Robert Down Elementary, both boasting high ratings that support long-term property value.
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =1742, other record lot size in square feet = 1800.
With 283 days on the market and multiple price reductions, the property has faced significant market resistance, which may impact future resale perception.
The 1,742-square-foot lot is relatively small for a detached home, offering limited outdoor living space and restricted potential for future footprint expansion.
Nestled in the heart of charming Pacific Grove, this delightful two-story cottage blends coastal character with everyday comfort. Just moments from the shoreline, this home offers a coveted peek of the Monterey Bay, reminding you of the sea breeze and seaside lifestyle that makes this area so special. The inviting exterior showcases a seaside cottage appeal, while inside you'll find a warm, functional layout ideal for both full-time living and a coastal retreat. Natural light fills the living spaces and thoughtful details throughout enhances the home's charm. The upper level captures the ocean peek, providing a serene backdrop for mornings and evenings alike. Located near downtown Pacific Grove, Lovers Point, scenic coastal trails, and world-class golf and dining, this home places you at the center of it all while still offering a peaceful residential setting. Whether you're seeking a primary residence or a vacation getaway, this enchanting cottage delivers the best of coastal California living!
No exterior & parking available.
Grades K-5 • 0.3 mi
Grades K-5 • 1.0 mi
Grades K-5 • 1.8 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 2.0 | 2.6 |
| Baths | 2.0 | 2.0 |
| Square foot | 1,056 | 1,342.844 |
| Lot Size | 1,742 | 4,470.75 |
| Price | $1000.0K | $1.42M |
| Price per sq ft | $947 | $1.2K |
| Built year | 1972 | 1932 |
| HOA | $0 | $0 |
| Days on market | 277 | 62 |
Mar 20, 2026
$999,999
$1,049,999
-5% Price Drop
Initial Listing
Mar 10, 2026
$1,049,999
Initial Listing
Jan 20, 2026
$1,100,000
Initial Listing