
Pacific Grove, California 93950
This property presents a High-Potential Investment Opportunity with a List Price of $2,100,000—positioned well above the $1,879,404 Fair Market Value by -11%. Featuring a Condition Rating of 5, this fixer-upper requires a full interior renovation. The expansive 9,400-square-foot corner lot and Monterey Bay views provide significant upside for value-add projects. Located near top-rated schools like Robert Down Elementary and Pacific Grove High, this is a strategic acquisition for Fix-and-Flip Investors or Contractors seeking to maximize equity through comprehensive modernization.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 865 Crest Avenue Subject 3 bd · 2 ba · 2,176 sqft · $864 | $2,100,000* List Price | 3 | 2 | 2,176 | $864 | - |
A 922 Maple Street Sold 2 bd · 2 ba · 1,463 sqft · $1,015 · 1.0 mi | $1,485,000 | 2 | 2 | 1,463 | $1,015 | 1.0 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
Built in 1950 and explicitly marketed as a 'fixer-upper,' this property requires a full interior rehab. The kitchen and systems (visible baseboard heating) appear to be over 30 years old, and the interior finishes, including worn hardwood and stained carpeting, indicate a need for significant updates beyond minor repairs.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 9400, living area = 2176.
Elementary School: Robert Down Elementary School (9/10). High School: Pacific Grove High School (9/10).
The home is strategically oriented to capture stunning morning sunrises and water views of Monterey Bay from the living room, kitchen, family room, and front deck.
Living area discrepancy between mls listing and other public or private record. mls listing living area = 2176, other record living area = 1620.
The property is in need of significant updates and repairs, requiring a substantial additional capital investment to modernize the 1950s-era structure.
At a $2.1 million list price, the initial investment is high for a home requiring total renovation, which may challenge the budget for buyers seeking immediate move-in readiness.
Are you looking for a home where you can put your own fingerprints on the design? Opportunity awaits with this well-located home offering beautiful views of Monterey Bay and an exceptional setting on a spacious, approximately 9,400-square-foot corner lot. The front of the home faces toward the bay, capturing the morning sunrise and bringing water views into several of the homes primary living spaces. Enjoy views of Monterey Bay from the living room, kitchen, family room, and front deck. Offering approximately 2,176 square feet of living space, the home features a generous floor plan with plenty of potential to reimagine and update to suit your vision. Situated on a quiet, less-traveled street, the larger corner lot provides an appealing sense of space and possibility. This fixer-upper presents an excellent opportunity for a buyer looking to renovate and create something special while taking advantage of the homes water views, desirable orientation, and substantial lot.
No exterior & parking available.
Grades K-5 • 0.9 mi
Grades K-5 • 1.3 mi
Grades 6-8 • 1.0 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 2.6 |
| Baths | 2.0 | 2.0 |
| Square foot | 2,176 | 1,342.844 |
| Lot Size | 9,400 | 4,470.75 |
| Price | $2.10M | $1.42M |
| Price per sq ft | $965 | $1.2K |
| Built year | 1950 | 1932 |
| HOA | $0 | $0 |
| Days on market | 17 | 62 |
Oct 7, 2026
$2,100,000
Initial Listing