Location, lot and potential! Situated in desirable lower El Granada, just a short stroll from Surfers Beach, the Coastal Trail and local schools, this 2-bedroom, 1-bath home offers an exciting opportunity on an expansive 12,000 sq ft lot. With approximately 760 sq ft of living space, there's plenty of room to imagine what comes next. Refresh the existing home and enjoy the oversized yard, explore expansion possibilities, or pursue subdivision to create an additional parcel for future development or sale (subject to County requirements & approvals.) Inside, the home features an eat-in kitchen with gas range and refrigerator, a bathroom with a shower over the tub, and forced-air heating. A detached 2-car garage provides ample parking, storage and workshop space. The large yards were once home to thriving vegetable and flower gardens, as shown in the historical photos. Established fruit-bearing trees - 3 lemon, 4 apple & 2 pear - remain a reminder of what could flourish here again. Whether you're looking for a coastal home to make your own, room to expand, or the longer-term possibilities of an unusually large parcel, 978 Palma St offers multiple paths forward. Bring your vision and explore what 12,000 sq ft of possibility can offer in lower El Granada.
Pending
$995,000
978 Palma St, El Granada, CA 94018
2beds
760sqft
Single Family Residence, Residential
Built in 1906
0.28 Acres Lot
$1,012,900 Zestimate®
$1,309/sqft
$-- HOA
What's special
- 34 days
- 1,504
- 77
Zillow last checked:
Listing updated:
Listed by:
Stephanie Sills 02060529 650-678-5707,
Compass 650-375-1111
Source: MLSListings Inc,MLS#: ML82058225
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 2
- Bathrooms: 1
- Full bathrooms: 1
Bedroom
- Features: BedroomonGroundFloor2plus
Bathroom
- Features: ShowerandTub, ShoweroverTub1
Dining room
- Features: EatinKitchen
Family room
- Features: NoFamilyRoom
Heating
- Forced Air
Cooling
- None
Appliances
- Included: Gas Oven/Range, Refrigerator
Features
- Doors: None
Interior area
- Total structure area: 760
- Total interior livable area: 760 sqft
Property
Parking
- Total spaces: 2
- Parking features: Detached
- Garage spaces: 2
Accessibility
- Accessibility features: None
Features
- Stories: 1
Lot
- Size: 0.28 Acres
Details
- Parcel number: 047285340
- Zoning: R100S7
- Special conditions: Standard
Construction
Type & style
- Home type: SingleFamily
- Property subtype: Single Family Residence, Residential
Materials
- Foundation: Concrete Perimeter
- Roof: Shingle
Condition
- New construction: No
- Year built: 1906
Utilities & green energy
- Gas: PublicUtilities
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Public Utilities, Water Public
Community & HOA
Location
- Region: El Granada
Financial & listing details
- Price per square foot: $1,309/sqft
- Tax assessed value: $1,248,480
- Date on market: 8/19/2026
- Listing agreement: ExclusiveRightToSell
Estimated market value
$1,012,900
$962,000 - $1.06M
$3,475/mo
Price history
| Date | Event | Price |
|---|---|---|
| 9/1/2026 | Pending sale | $995,000$1,309/sqft |
Source: | ||
| 8/19/2026 | Listed for sale | $995,000$1,309/sqft |
Source: | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2026 | -- | $1,248,480 +63% |
| 2025 | $9,989 +7.2% | $766,155 +2% |
| 2024 | $9,317 +4% | $751,133 +2% |
| 2023 | $8,955 +2.4% | $736,406 +2% |
| 2022 | $8,747 +2.7% | $721,968 +2% |
| 2021 | $8,518 +0% | $707,812 +1% |
| 2020 | $8,517 +0% | $700,555 +2% |
| 2019 | $8,515 +7.3% | $686,819 +2% |
| 2018 | $7,937 +1.8% | $673,353 +2% |
| 2017 | $7,800 +1.2% | $660,151 +2% |
| 2016 | $7,704 +3.3% | $647,208 +1.5% |
| 2015 | $7,458 +593.8% | $637,487 +906% |
| 2014 | $1,075 | $63,367 +0.5% |
| 2013 | -- | $63,082 +2% |
| 2012 | -- | $61,846 |
| 2011 | -- | $61,846 +2.8% |
| 2010 | -- | $60,182 -0.2% |
| 2009 | -- | $60,326 +2% |
| 2008 | -- | $59,144 +2% |
| 2007 | -- | $57,985 +2% |
| 2006 | -- | $56,849 |
| 2005 | -- | $56,849 +4% |
| 2004 | -- | $54,643 +1.9% |
| 2003 | -- | $53,642 +2% |
| 2002 | -- | $52,592 +2% |
| 2001 | -- | $51,562 +2% |
| 2000 | -- | $50,552 |
Find assessor info on the county website
Monthly payment
Est. payment
Payment breakdown
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Neighborhood: 94018
Nearby schools
Schools provided by the listing agent
- District: CabrilloUnified
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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