NOT LISTED FOR SALE

1359 Lighthouse Ave Pacific Grove, CA 93950

Estimated Value: $5,305,000 - $7,225,000

4 Beds
3.5 Baths
4,244 Sq Ft
$1,503/Sq Ft Est. Value

Last Sold October 29, 2021

Last sale price $5,800,000 $1,367 Per Sq Ft

Est. 10% increase in value since last sale

Current estimated payment $40,134/month

168 Days on Market

Highlights

  • Ocean View
  • 0.46 Acre Lot
  • Deck
  • Robert Down Elementary School Rated A
  • Atrium Room
  • Living Room with Fireplace

About This Home

As of October 2021

A true jewel nestled in Pacific Grove's magnificent coastline, this majestic home was custom built in 2018 using the finest materials and craftsmanship. Sited on an oversized half acre lot, it was carefully designed to blend seamlessly into Asilomar's pristine habitat and allow panoramic ocean and golf course views with a focal point of PGs historic lighthouse. No design detail was overlooked from the striking exterior lines and the expansive open floor plan that focuses on captivating ocean views to the gourmet kitchen that includes a Wolf range, commercial size Sub Zero refrigerator/wine cooler, 2 dishwashers, and a beautifully appointed, enormous granite island. Three gas fireplaces and radiant floor heat help create a soothing coastal ambiance. Pacific Grove's 18 hole golf course and vibrant downtown are a short stroll away with miles of oceanfront hiking and biking trails just steps from the front door. Replete with oversized 3-car garage. Coastal living at its finest.

Last Agent to Sell the Property

Kyle Morrison

Sotheby’s International Realty License #01431994 Listed on: 02/02/2021

Sotheby’s International Realty

Last Buyer's Agent

Rebecca Wolf Arnold

Carmel Realty Company License #01706104

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $51,957

Year Built

  • 2018

Lot Details

  • 0.46 Acre Lot
  • West Facing Home
  • Mostly Level
  • Drought Tolerant Landscaping
  • Grass Covered Lot
  • Back Yard

Parking

  • 3 Car Garage
  • Garage Door Opener
  • Guest Parking
  • On-Street Parking
  • Off-Street Parking

Property Views

  • Ocean
  • Bay
  • Golf Course
  • Skyline
  • Forest

Home Design

  • Mediterranean Architecture
  • Reverse Style Home
  • Reinforced Concrete Foundation
  • Slab Foundation
  • Steel Frame
  • Wood Frame Construction
  • Ceiling Insulation
  • Quake Bracing
  • Masonry
  • Stucco

Interior Spaces

  • 4,244 Sq Ft Home
  • 2-Story Property
  • Beamed Ceilings
  • Vaulted Ceiling
  • Skylights in Kitchen
  • Gas Log Fireplace
  • Double Pane Windows
  • Formal Entry
  • Separate Family Room
  • Living Room with Fireplace
  • 2 Fireplaces
  • Dining Room
  • Den
  • Atrium Room
  • Utility Room
  • Fire Sprinkler System

Kitchen

  • Eat-In Kitchen
  • Breakfast Bar
  • Gas Oven
  • Range Hood
  • Microwave
  • Dishwasher
  • Wine Refrigerator
  • Kitchen Island
  • Granite Countertops
  • Disposal

Flooring

  • Radiant Floor
  • Stone

Bedrooms and Bathrooms

  • 4 Bedrooms
  • Main Floor Bedroom
  • Walk-In Closet
  • Bathroom on Main Level
  • Marble Bathroom Countertops
  • Dual Sinks
  • Low Flow Toliet
  • Bathtub Includes Tile Surround
  • Walk-in Shower
  • Low Flow Shower

Laundry

  • Laundry Room
  • Dryer
  • Washer

Eco-Friendly Details

  • Energy-Efficient Insulation

Outdoor Features

  • Balcony
  • Deck
  • Outdoor Fireplace

Utilities

  • Zoned Heating
  • Vented Exhaust Fan
  • Heating System Uses Gas

Community Details

  • Security Service

Home Details

Home Type

Single Family

Est. Annual Taxes

$51,957

Year Built

2018

Lot Details

0

Parking

3

Listing Details

  • Zoning: R-1
  • Subclass: Single Family Home
  • Style: Mediterranean
  • Age: 3
  • Listing Class: Residential
  • Structure Sq Ft: 4244
  • Special Features: None
  • Property Sub Type: Detached
  • Year Built: 2018

Interior Features

  • Family Room: Separate Family Room
  • Fireplace: Gas Log, Living Room, Outside
  • Dining Room: Breakfast Bar, Dining Area, Eat In Kitchen, No Formal Dining Room
  • Kitchen: Countertop - Granite, Dishwasher, Exhaust Fan, Garbage Disposal, Hood Over Range, Hookups - Gas, Island With Sink, Microwave, Oven - Gas, Oven Range - Gas, Refrigerator, Skylight, Wine Refrigerator
  • Fireplace: Yes
  • Living Sq Ft: 4244
  • Stories: 2
  • Security: Fire System - Sprinkler, Security Service
  • Bedrooms: Ground Floor Bedroom, More Than One Bedroom On Ground Floor, Reverse Floor Plan
  • Laundry: Dryer, Washer
  • Flooring: Stone
  • Additional Rooms: Atrium, Formal Entry, Laundry Room, Office Area, Utility Room
  • Fireplaces Min: 2
  • Maximum Numberof Bedrooms: 4
  • Minimum Numberof Bedrooms: 4
  • Full Bathrooms: 3
  • Half Bathrooms: 1
  • Total Bedrooms: 4
  • Bathroom: Double Sinks, Full On Ground Floor, Marble, Primary - Stall Shower(s), Skylight, Stall Shower, Stall Shower - 2+, Tile

Exterior Features

  • Foundation: Concrete Slab, Quake Bracing, Reinforced Concrete
  • Roof: Clay
  • View: Bay, Forest / Woods, Golf Course, Ocean
  • Yard/Grounds: Back Yard, Balcony / Patio, Deck, Drought Tolerant Plants, Low Maintenance, Outdoor Fireplace
  • Property Faces: West
  • Construction Type: Masonry, Steel Frame, Stucco, Wood Frame

Garage/Parking

  • Garage Spaces: 3
  • Parking Spaces: 4
  • Garage Max: 3
  • Garage Min: 3
  • Garage Parking Features: Attached Garage, Gate / Door Opener, Guest / Visitor Parking, Off-Street Parking, On Street, Parking Area

Utilities

  • Heating System: Gas, Individual Room Controls, Radiant Floors
  • Sewer/Septic System: Sewer - Public

Association/Amenities

  • Amenities Miscellaneous: High Ceiling, Open Beam Ceiling, Vaulted Ceiling, Walk-In Closet

Schools

  • School District: Pacific Grove Unified
  • Elementary School: Forest Grove Elementary
  • Middle School: Pacific Grove Middle
  • High School: Pacific Grove High
  • High School: 560
  • Elementary School: 559
  • Middle School: 561

Lot Info

  • Lot Description: Grade - Mostly Level, Views
  • Lot Acres: 0.4642
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 20220.00
  • Lot Size Area Maximum Units: Square Feet
  • Maximum Lot Size: 20220.00
  • Soil: Sandy

Green Features

  • Energy Features: Ceiling Insulation, Double Pane Windows, Low Flow Shower, Low Flow Toilet, Walls Insulated

Multi Family

  • Utilities: Natural Gas, Public Utilities

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 2, 2021
Closed on
Oct 21, 2021
Sold by
Grines Cindy L
Bought by
Delay Magnuson Carl and Delay Magnuson Sandra
Seller's Agent
Kyle Morrison
Sotheby’s International Realty
Buyer's Agent
Rebecca Wolf Arnold
Carmel Realty Company
List Price
$6,095,000
Sold Price
$5,800,000
Premium/Discount to List
-$295,000
-4.84%
Total Days on Market
168
Current Estimated Value
$6,378,303

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$578,303
Avg. Annual Appreciation
2.80%
Original Mortgage
$2,000,000
Interest Rate
2.25%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 27, 1998
Sold by
Johnson Properties
Bought by
Grines Cindy L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$500,000
Interest Rate
7.17%

Purchase Details

Closed on
Mar 9, 1998
Sold by
Johnson Benetta
Bought by
Johnson Properties

Purchase Details

Closed on
Feb 25, 1998
Sold by
Johnson Properties
Bought by
Johnson Bennetta
Source: Public Records

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Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Delay Magnuson Carl $5,800,000 Chicago Title Company
Grines Cindy L $795,000 First American Title Ins Co
Johnson Properties -- First American Title Ins Co
Johnson Bennetta -- First American Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Delay-Magnuson Carl $1,000,000
Previous Owner Delay Magnuson Carl $2,000,000
Previous Owner Grines Cindy L $1,987,000
Previous Owner Grines Cindy L $550,000
Previous Owner Grines Cindy L $500,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/29/2021 10/29/21 Sold $5,800,000 -4.8% $1,367 / Sq Ft
07/21/2021 07/21/21 Pending -- -- --
05/01/2021 05/01/21 For Sale $6,095,000 +5.1% $1,436 / Sq Ft
05/01/2021 05/01/21 Off Market $5,800,000 -- --
02/03/2021 02/03/21 For Sale $6,095,000 0.0% $1,436 / Sq Ft
02/02/2021 02/02/21 For Sale $6,095,000 +5.1% $1,436 / Sq Ft
02/02/2021 02/02/21 Off Market $5,800,000 -- --
Source: MLSListings

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2024 $51,957 $4,888,229 $2,739,779 $2,148,450
2023 $51,592 $4,792,382 $2,686,058 $2,106,324
2022 $50,542 $4,619,984 $2,633,391 $1,986,593
2021 $29,424 $5,800,000 $3,300,000 $2,500,000
2020 $28,832 $2,614,205 $905,197 $1,709,008
2019 $27,912 $2,562,948 $887,449 $1,675,499
2018 $14,974 $1,370,049 $870,049 $500,000
2017 $9,404 $852,990 $852,990 $0
2016 $9,427 $836,265 $836,265 $0
2015 $9,275 $823,704 $823,704 $0
2014 $9,071 $807,569 $807,569 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLSListings

MLS Number: ML81828211

MLSListings

APN: 007-031-010