775 Mermaid Avenue, Pacific Grove, California 93950, Pacific Grove, 93950 - 1 bed, 1 bath
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Pacific Grove, California 93950
Analysis of 775 Mermaid Avenue, Pacific Grove, California 93950 is currently available with a list price of $999,999. The property maintains a Good Condition Rating (78/100), reflecting solid structural condition with well-maintained systems. The property presents an attractive opportunity for buyers seeking a move-in ready home. 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 move-in ready.
The property is in turnkey, move-in ready condition with significant recent maintenance including a new roof, fresh interior paint, and new plush carpeting. While the home was built in 1971, the kitchen is well-maintained with stainless steel appliances and the systems, including downstairs radiant floor heating, are reported to be in excellent condition. It avoids a 'fair' rating due to the lack of deferred maintenance and the recent updates to key surfaces and the roof.
Situated just steps from Lovers Point and scenic recreation trails, this property offers an unbeatable location in one of Pacific Grove's most desirable coastal neighborhoods.
The home is move-in ready with a recently installed roof, new plush carpeting, fresh paint, and all systems maintained in excellent condition.
The property provides a quintessential coastal experience with ocean glimpses and the soothing sounds of the waves audible from the home.
At only 288 square feet, the exceptionally small footprint significantly limits the property's functionality and may not meet the needs of most full-time residents.
With a list price of nearly $1 million for under 300 square feet, the cost per square foot is substantially higher than regional averages, which may challenge its value proposition.
Ideally located just steps from scenic recreation trails and Lovers Point, this charming two-story Pacific Grove retreat offers ocean glimpses and the soothing sounds of waves to help you unwind. Smart space planning ensures every inch feels practical and inviting. The welcoming kitchen features a classic design with efficient appliances and a central island, creating a warm spot for meals and gatherings with loved ones. Downstairs radiant floor heating delivers lasting comfort. The upstairs primary bedroom, freshly painted, is bathed in natural light from large windows, offering an airy and welcoming feel. With new plush carpeting, a recently installed roof, and all systems in excellent condition, this turnkey home is perfect for weekend getaways or a cozy starter home.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 1.0 | 3.0 | 10% |
| Baths | 1.0 | 2.0 | 22% |
| Square foot | 288 | 1,340 | 2% |
| Lot Size | 1,400 | 4,500 | 4% |
| Price | $1000.0K | $1.30M | 22% |
| Price per sq ft | $3.5K | $1.0K | 98% |
| Built year | 1971 | 1950 | 84% |
| HOA | $0 | $0 | 50% |
| Days on market | 16 | 153 | 2% |
Apr 6, 2026
$999,999
Initial Listing
Jun 15, 2022
$941,000
Public Record