
Pacific Grove, California 93950
This Versatile Coastal Compound is a Strong Value Opportunity, listed at $2,498,000—positioned slightly above the $2,441,721 Fair Market Value. Featuring a Mint Condition Rating following a 2025 renovation, the property includes a 1,540 SF main house and a 1,200 SF ADU. With Ocean Views, Hardwood Flooring, and proximity to Top-Rated Schools like Robert Down Elementary and Pacific Grove High, it offers unmatched flexibility. This is an ideal acquisition for Multi-Generational Families or Owner-Occupants seeking supplemental rental income in a prime location.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 612 Sunset Drive Subject | $2,498,000* List Price | 3 | 2 | 1,540 | $1,586 | - |
A 849 Marino Pines Road Active | $1,795,000 List Price | 3 | 2 | 1,409 | $1,274 | 0.4 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
The main house was extensively renovated in 2025 alongside a newly constructed ADU. The property features a completely modernized kitchen with premium finishes, new European-style dual-pane windows, updated hardwood flooring, and an EV charging station, leaving it in mint condition with no maintenance required.
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 residences on a single lot, providing rare flexibility for multi-generational living, guest housing, or significant rental income potential.
The property has remained on the market for 82 days with two price reductions, suggesting that the initial list price may have been aggressive for the current market demand.
Accommodating two large residential structures totaling over 2,700 square feet on a 9,700-square-foot lot may limit the amount of private, open yard space typically expected at this price point.
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 | 2.5 |
| Baths | 2.0 | 2.0 |
| Square foot | 1,540 | 1,320.625 |
| Lot Size | 9,700 | 4,311 |
| Price | $2.50M | $1.44M |
| Price per sq ft | $1.6K | $1.2K |
| Built year | 1955 | 1928 |
| HOA | $0 | $0 |
| Days on market | 84 | 50 |
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