Premium Income Potential Near Lover's Point - Coastal Charm!
Nestled in the highly desirable heart of Pacific Grove, this exceptional property blends classic coastal charm with an unbeatable Peninsula lifestyle. Rich in architectural details, the main residence features 3 bedrooms and 2 bathrooms, showcasing stained-glass windows, hardwood floors, high ceilings, and natural light with large windows that frame sweeping views of the Pacific Ocean while creating a sanctuary for relaxed coastal living against a scenic backdrop.
Adding immense value to this seaside gem is a completely detached, separate Accessory Dwelling Unit (ADU). Located in a premier, high-demand rental destination, this secondary unit offers incredible versatility. It serves as a fantastic opportunity for an investor seeking strong revenue-generating features, or an owner-user looking for a private guest suite or a reliable source of supplemental income potential. Properties offering this combination of ocean views, neighborhood character, and flexible layout options are a rare find on the Peninsula.
Live in one, rent the other, so many choices! Location is everything! Moments from iconic Lover's Point, restaurants, Carmel, Pebble Beach, golf, and scenic coastal hiking trails. Welcome to your sanctuary.
For sale
$1,899,999
218 4th St, Pacific Grove, CA 93950
4beds
1,403sqft
Single Family Residence, Residential
Built in 1912
4,500 Square Feet Lot
$1,816,900 Zestimate®
$1,354/sqft
$-- HOA
What's special
- 43 days |
- 1,997 |
- 103 |
Zillow last checked:
Listing updated:
Listed by:
Tenley Baxter 01755293 650-248-5030,
Sotheby’s International Realty 831-624-1566,
Melissa Taylor 02118720 831-236-4663,
Sotheby’s International Realty
Source: MLSListings Inc,MLS#: ML82048401
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Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 4
- Bathrooms: 3
- Full bathrooms: 3
Bedroom
- Features: GroundFloorBedroom
Bathroom
- Features: ShowerandTub, Skylight, StallShower, FullonGroundFloor
Dining room
- Features: DiningAreainLivingRoom, EatinKitchen
Family room
- Features: NoFamilyRoom
Kitchen
- Features: Hookups_Gas
Heating
- Central Forced Air, Other
Cooling
- None
Appliances
- Included: Dishwasher, Disposal, Gas Oven, Gas Oven/Range, Refrigerator
- Laundry: Inside
Features
- High Ceilings, One Or More Skylights
- Flooring: Hardwood, Tile
- Doors: None
- Number of fireplaces: 1
- Fireplace features: Gas Starter, Living Room, Two Way
Interior area
- Total structure area: 1,403
- Total interior livable area: 1,403 sqft
Property
Parking
- Total spaces: 2
- Parking features: Off Street
Accessibility
- Accessibility features: None
Features
- Stories: 2
- Patio & porch: Balcony/Patio
- Exterior features: Fenced, Storage Shed Structure
- Fencing: Wood
- Has view: Yes
- View description: Bay, Hills, Ocean
- Has water view: Yes
- Water view: Bay,Ocean
Lot
- Size: 4,500 Square Feet
- Features: Sloped Down
Details
- Parcel number: 006254004000
- Zoning: R-1
- Special conditions: Standard
Construction
Type & style
- Home type: SingleFamily
- Architectural style: Victorian
- Property subtype: Single Family Residence, Residential
Materials
- Foundation: Concrete Perimeter
- Roof: Composition
Condition
- New construction: No
- Year built: 1912
Utilities & green energy
- Gas: PublicUtilities
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Public Utilities, Water Public
Community & HOA
Location
- Region: Pacific Grove
Financial & listing details
- Price per square foot: $1,354/sqft
- Tax assessed value: $1,632,000
- Annual tax amount: $17,922
- Date on market: 5/23/2026
- Listing agreement: ExclusiveRightToSell
- Listing terms: CashorConventionalLoan
Estimated market value
$1,816,900
$1.73M - $1.91M
$5,180/mo
Price history
| Date | Event | Price |
|---|---|---|
| 5/24/2026 | Listed for sale | $1,899,999+18.7%$1,354/sqft |
Source:  MLSListings Inc #ML82048401 Report a problem | ||
| 4/18/2026 | Listing removed | $6,000$4/sqft |
Source: Zillow Rentals Report a problem | ||
| 3/14/2026 | Listed for rent | $6,000$4/sqft |
Source: Zillow Rentals Report a problem | ||
| 4/8/2025 | Listing removed | $6,000$4/sqft |
Source: Zillow Rentals Report a problem | ||
| 3/26/2025 | Listed for rent | $6,000$4/sqft |
Source: Zillow Rentals Report a problem | ||
| 3/14/2025 | Listing removed | $6,000$4/sqft |
Source: Zillow Rentals Report a problem | ||
| 1/30/2025 | Listed for rent | $6,000+9.1%$4/sqft |
Source: Zillow Rentals Report a problem | ||
| 6/8/2024 | Listing removed | -- |
Source:  bridgeMLS/CCAR/Bay East AOR #ML81922189 Report a problem | ||
| 8/22/2023 | Listing removed | -- |
Source: Zillow Rentals Report a problem | ||
| 8/15/2023 | Listed for rent | $5,500$4/sqft |
Source: Zillow Rentals Report a problem | ||
| 8/9/2023 | Sold | $1,600,000-8.6%$1,140/sqft |
Source: MLSListings Inc #ML81922189 Report a problem | ||
| 8/1/2023 | Pending sale | $1,750,000$1,247/sqft |
Source: MLSListings Inc #ML81922189 Report a problem | ||
| 7/17/2023 | Contingent | $1,750,000$1,247/sqft |
Source: MLSListings Inc #ML81922189 Report a problem | ||
| 6/6/2023 | Price change | $1,750,000-5.4%$1,247/sqft |
Source: MLSListings Inc #ML81922189 Report a problem | ||
| 5/24/2023 | Price change | $1,850,000-2.6%$1,319/sqft |
Source: MLSListings Inc #ML81922189 Report a problem | ||
| 4/9/2023 | Listed for sale | $1,900,000$1,354/sqft |
Source:  MLSListings Inc #ML81922189 Report a problem | ||
| 3/29/2023 | Contingent | $1,900,000$1,354/sqft |
Source: MLSListings Inc #ML81922189 Report a problem | ||
| 3/21/2023 | Listed for sale | $1,900,000+35.8%$1,354/sqft |
Source: MLSListings Inc #ML81922189 Report a problem | ||
| 11/27/2019 | Sold | $1,399,000$997/sqft |
Source: MLSListings Inc #ML81770994 Report a problem | ||
| 11/8/2019 | Pending sale | $1,399,000$997/sqft |
Source: Coldwell Banker Residential Brokerage - Pacific Grove 650 #81770994 Report a problem | ||
| 10/23/2019 | Listed for sale | $1,399,000$997/sqft |
Source: Coldwell Banker Residential Brokerage - Pacific Grove 650 #81770994 Report a problem | ||
| 10/4/2019 | Pending sale | $1,399,000$997/sqft |
Source: Coldwell Banker Residential Brokerage - Pacific Grove 650 #81770994 Report a problem | ||
| 10/2/2019 | Listed for sale | $1,399,000+0.9%$997/sqft |
Source: Coldwell Banker Residential Brokerage #ML81770994 Report a problem | ||
| 8/3/2016 | Sold | $1,387,000-0.9%$989/sqft |
Source: Public Record Report a problem | ||
| 6/18/2016 | Pending sale | $1,399,000$997/sqft |
Source: Coldwell Banker Residential Brokerage - Pacific Grove #81521245 Report a problem | ||
| 4/28/2016 | Listed for sale | $1,399,000+1.7%$997/sqft |
Source: Coldwell Banker Residential Brokerage - Pacific Grove #81521245 Report a problem | ||
| 9/15/2006 | Sold | $1,375,000+450%$980/sqft |
Source: Agent Provided Report a problem | ||
| 1/19/1996 | Sold | $250,000$178/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $17,922 +5.1% | $1,632,000 +2% |
| 2024 | $17,058 +5.8% | $1,600,000 +8.8% |
| 2023 | $16,126 +2.1% | $1,470,597 +2% |
| 2022 | $15,797 +0.5% | $1,441,762 +2% |
| 2021 | $15,716 +2.1% | $1,413,493 +1% |
| 2020 | $15,399 -2.3% | $1,399,000 -3.1% |
| 2019 | $15,758 +2% | $1,443,034 +2% |
| 2018 | $15,443 +1.7% | $1,414,740 +2% |
| 2017 | $15,192 +12.3% | $1,387,000 +14.3% |
| 2016 | $13,531 +63.5% | $1,214,000 +63.6% |
| 2015 | $8,275 +5.7% | $742,000 +5.5% |
| 2014 | $7,831 | $703,000 +25.5% |
| 2012 | -- | $560,000 -37.8% |
| 2011 | -- | $900,000 -27.1% |
| 2010 | -- | $1,234,200 |
| 2009 | -- | $1,234,200 -2.4% |
| 2008 | -- | $1,265,000 -8% |
| 2007 | -- | $1,375,000 +314.7% |
| 2006 | -- | $331,573 +2% |
| 2005 | -- | $325,072 +11.3% |
| 2004 | -- | $292,099 +1.9% |
| 2003 | -- | $286,746 +2% |
| 2002 | -- | $281,125 +2% |
| 2001 | $2,841 | $275,614 +2% |
| 2000 | -- | $270,210 |
Find assessor info on the county website
Monthly payment
Est. payment$--/mo
Payment breakdown
Explore the cost of this home by adjusting the details. Changes won't be saved.All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
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Climate risks
Neighborhood: First Addition
Nearby schools
GreatSchools rating
- 8/10Robert Down Elementary SchoolGrades: K-5Distance: 0.4 mi
- 9/10Pacific Grove Middle SchoolGrades: 6-8Distance: 0.6 mi
- 10/10Pacific Grove High SchoolGrades: 9-12Distance: 0.9 mi
Schools provided by the listing agent
- District: PacificGroveUnified
Source: MLSListings Inc. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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