520 Lighthouse Avenue 301, Pacific Grove, California 93950, Pacific Grove, 93950 - 2 bed, 3 bath
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Pacific Grove, California 93950
Analysis of 520 Lighthouse Avenue 301, Pacific Grove, California 93950 is currently available with a list price of $3,849,000. The property maintains a Excellent Condition Rating (95/100), indicating excellent structural integrity and modern finishes throughout. This turnkey property requires minimal updates and is ready for immediate occupancy. Located in a high-demand neighborhood within the Pacific Grove Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for both Buy-and-Hold Investors and Owner-Occupants willing to undertake light renovation work.
Property is new construction or fully renovated.
This property is a new construction completed in 2023, placing it well within the 'Excellent' age bracket. It features mint-condition, high-end finishes including StudioBecker cabinetry, Sub-Zero and Wolf appliances, and modern systems. As a newly built penthouse, it requires zero maintenance and offers state-of-the-art HVAC and electrical components.
Elementary School: Robert Down Elementary School (9/10). High School: Pacific Grove High School (9/10).
As a 2023 build, this penthouse offers modern structural integrity and ultra-high-end finishes, including StudioBecker cabinetry and professional-grade Sub-Zero and Wolf appliances.
Situated in the heart of historic Pacific Grove, the property provides exceptional walkability to world-class dining and shops, while maintaining ocean views from its elevated penthouse position.
With a list price of nearly $4 million for a two-bedroom unit, the property carries a high cost-per-bedroom that may limit its appeal to larger families or those seeking more versatile space.
At 135 days on the market, the property has exceeded the typical absorption rate for the area, which may lead to buyer concerns regarding pricing alignment with current market demand.
Modern elegance meets coastal charm in this stunning penthouse at 520 Lighthouse-the final available unit in an exclusive collection of just ten newly constructed residences in historic downtown Pacific Grove. This single-level Condo offers approximately 2,400 square feet of sophisticated living space with 2 bedrooms and 2.5 baths. Enjoy an open-concept layout filled with natural light, StudioBecker cabinetry throughout, elegant plaster wall finishes, and precision-engineered windows. The chef's kitchen features Sub-Zero, Cove, and Wolf appliances. Two private balconies offer serene retreats with ocean views. Additional amenities include elevator access, secure underground parking, and private storage. Just steps from shops, restaurants, and the coastline, this rare offering blends timeless design with modern convenience. Don't miss the opportunity to own a premier residence in one of the Monterey Peninsula's most sought-after locations.
No exterior & parking available.
Grades K-5 • 0.2 mi
Grades K-5 • 1.0 mi
Grades K-5 • 2.2 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 2.0 | 3.0 |
| Baths | 3.0 | 3.0 |
| Square foot | 2,408 | 2,430 |
| Lot Size | 2,178 | - |
| Price | $3.85M | $1.23M |
| Price per sq ft | $1.6K | $656 |
| Built year | 2023 | 1986 |
| HOA | $805.0 | $800 |
| Days on market | 157 | 187 |
Jul 21, 2026
$3,849,000
$3,999,000
-4% Price Drop
Initial Listing
Feb 16, 2026
$3,999,000
Initial Listing