
Pacific Grove, California 93950
This Turnkey Coastal Compound is a Strong Value Opportunity, listed at $2,498,000, which aligns perfectly with its $2,498,000 Fair Market Value. Featuring a 2025 Renovated Main House and a Newly Constructed 1,200 SF ADU, the property boasts an Excellent Condition Rating. With Panoramic Ocean Views, high-end finishes, and proximity to Top-Rated Schools like Pacific Grove High (9/10), this residence offers rare flexibility for multi-generational living or rental income. It is an ideal acquisition for Owner-Occupants seeking supplemental income or Multi-Generational Families.
Turnkey Pacific Grove coastal compound featuring a renovated 3BR main house and new 1,200 SF ADU. Ocean views, top-rated schools, and prime rental income potential.
Property is new construction or fully renovated.
The property features a main house extensively renovated in 2025 and a newly constructed ADU. Both units are in mint condition, showcasing high-end modern kitchens, premium European-style windows, new hardwood flooring, and updated systems requiring no maintenance.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 9700, living area = 1540.
Elementary School: Robert Down Elementary School (9/10). High School: Pacific Grove High School (9/10).
The property features two distinct 3-bedroom, 2-bathroom homes on a single lot, offering rare flexibility for multi-generational living or significant rental income potential in a desirable coastal market.
The property has remained on the market for 97 days with two consecutive price reductions, suggesting that the initial pricing strategy may have exceeded current market demand for this specific configuration.
Housing two substantial residences totaling over 2,700 square feet on a 9,700-square-foot lot may result in limited private outdoor yard space and reduced privacy between the two dwellings.
TWO SEPARATE 3-BEDROOM, 2-BATH HOMES ON ONE LOT a renovated 1,540 SF main house and a newly built 1,200 SF ADU. A rare and highly versatile coastal compound in the heart of Pacific Grove, featuring two separate residences, each offering 3 bedrooms and 2 bathrooms. Perfectly suited for multi-generational living, extended family, guests, or owner-occupants seeking supplemental rental income, this unique property provides flexibility rarely found on the Monterey Peninsula. The main residence was extensively renovated in 2025 with quality craftsmanship and thoughtfully selected finishes throughout. Complementing the property is a newly constructed approximately 1,200-square-foot ADU with ocean views and abundant natural light. Both homes showcase custom cabinetry, hardwood flooring, premium European-style dual-pane windows, and high-end finishes that create a sophisticated yet comfortable living environment. Rarely does a property offer two fully functional homes of this quality on a single parcel. Whether you are looking for a long-term family compound, an income-producing opportunity, or simply additional space and privacy for multiple households, this exceptional Pacific Grove property delivers an unmatched combination of flexibility, quality, and coastal lifestyle.
No exterior & parking available.
Grades K-5 • 0.3 mi
Grades K-5 • 0.6 mi
Grades K-5 • 1.8 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 2.6 |
| Baths | 2.0 | 2.0 |
| Square foot | 1,540 | 1,342.844 |
| Lot Size | 9,700 | 4,470.75 |
| Price | $2.45M | $1.42M |
| Price per sq ft | $1.6K | $1.2K |
| Built year | 1955 | 1932 |
| HOA | $0 | $0 |
| Days on market | 129 | 62 |
Sep 30, 2026
$2,449,800
$2,498,000
-2% Price Drop
Initial Listing
Aug 25, 2026
$2,498,000
$2,598,000
-4% Price Drop
Initial Listing
Jul 21, 2026
$2,598,000
$2,698,000
-4% Price Drop
Initial Listing
Jun 17, 2026
$2,698,000
Initial Listing
Sep 21, 2020
$987,500
Public Record