516 8th Street, Pacific Grove, California 93950, Pacific Grove, 93950 - 2 bed, 2 bath
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Pacific Grove, California 93950
This Charming Coastal Cottage represents a Strong Value Opportunity, listed at $980,000, which aligns with its $980,000 Fair Market Value. While the home maintains a Condition Rating of 4, its efficient layout, vaulted ceilings, and garden room provide a functional, bright living space. Situated in the top-rated Pacific Grove Unified School District, including the highly-regarded Robert Down Elementary, this property offers a rare entry point into a premier seaside community. It is an ideal acquisition for first-time buyers or owner-occupants seeking a lifestyle-focused residence with long-term stability.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 516 8th Street Subject | $980,000* List Price | 2 | 2 | 853 | $1,103 | - |
A 515 13th Street Sold | $875,000 | 1 | 1 | 738 | $1,186 | 0.2 mi |
B 215 6th Street Active Under Contract | $825,000 List Price | 1 | 1 | 563 | $1,465 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1946, this home shows signs of a renovation likely completed 20-25 years ago. While well-maintained and functional, the kitchen cabinetry, tile flooring, and bathroom fixtures are dated. The exterior siding shows some minor wear, and the systems likely require updates to meet modern efficiency standards.
Elementary School: Robert Down Elementary School (9/10). High School: Pacific Grove High School (9/10).
Situated in a highly sought-after seaside community, the property is within walking distance to the shoreline and served by the top-rated Pacific Grove Unified School District, including Robert Down Elementary.
Vaulted ceilings and a dedicated garden room office allow the 853-square-foot cottage to feel more spacious and functional, offering a bright and welcoming atmosphere that lives larger than its footprint.
With only 853 square feet of living space on a 2,500 square foot lot, the property offers very limited room for expansion or significant outdoor activities.
The property has been on the market for 76 days and has already seen a price reduction, which may indicate that the initial pricing was high relative to the home's compact size.
Charming Pacific Grove coastal cottage featuring 2 bedrooms, 2 bathrooms, a vaulted ceiling, and a cozy fireplace just moments from the shoreline, shops, schools, and everyday charm of an incredible seaside community. This inviting home offers comfortable living in a compact and thoughtfully designed space that feels bright and welcoming. It lives larger than its square footage. Vaulted ceilings in the living area bring in a sense of openness, while the garden room is the perfect space for a home office bathed in natural light with a view of the backyard. A walk-in closet provides practical storage, and the home includes an in-unit washer and dryer. The covered carport allows for off-street parking. Located within the highly rated Pacific Grove Unified School District. Get your Just Moved postcards ready!
No exterior & parking available.
Grades K-5 • 0.2 mi
Grades K-5 • 0.9 mi
Grades K-5 • 1.8 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 2.0 | 2.0 |
| Baths | 2.0 | 2.0 |
| Square foot | 853 | 1,534 |
| Lot Size | 2,500 | 5,311 |
| Price | $980.0K | $1.45M |
| Price per sq ft | $1.1K | $1.1K |
| Built year | 1946 | 1920 |
| HOA | $0 | $0 |
| Days on market | 139 | 44 |
May 15, 2026
$980,000
$1,022,000
-4% Price Drop
Initial Listing
Mar 5, 2026
$1,022,000
Initial Listing
May 26, 1995
$210,000
Public Record