507 2nd St Eureka, CA 95501
Estimated payment $7,558/month
Highlights
- Ocean View
- Custom Home
- Deck
- Open-Concept Dining Room
- Updated Kitchen
- Cathedral Ceiling
About This Home
The Pearl Building with Luxury Apartment and Restaurant Five Eleven. Welcome to The Pearl, a stunning property rich in history and architectural significance. Originally built in 1872 as the Crystal Palace salon, this iconic building underwent a transformative Art Deco renovation in the 1950's. In 2004, The Pearl was completely restored, blending the best of old-world charm with modern luxury. The front 2,200 sqft of the building has been meticulously restored, including a new foundation and earthquake retrofit, with every detail upgraded to meet current commercial standards. New framing, plumbing, electrical, and a 2-hour fire-rated structure ensure both safety and longevity. The interior features poured concrete floors, both upstairs and down, with radiant heat. The rear 2,200 sqft of the building, also constructed in 2004, offers three stories of modern luxury, crowned by a penthouse and expansive roof deck that provides breathtaking views of the marina, redwoods, and Pacific Ocean. The location is unbeatable, nestled in the heart of Historic Old Town, just one building off the gazebo and only a block from the waterfront. The first floor showcases a sleek, modern design with custom finishes throughout, while the second floor is a spacious 2,200 sqft home, featuring 16-foot ceilings, glass railings, and exotic granite countertops. The primary bedroom boasts stunning bay views, making it the perfect sanctuary to enjoy the sights and sounds of this extraordinary location. Included in the sale is Restaurant Five Eleven, a modern fine-dining restaurant and bar featuring farm-to-table North Pacific cuisine, an extensive wine selection, and a diverse menu of signature cocktails. This well-established dining destination enhances the property's value and offers exceptional potential for continued operation or creative reimagining. Learn more about the restaurant at www.fiveeleveneureka.com The Pearl combines the grandeur of the past with the conveniences of modern living, offering a one-of-a-kind opportunity to own a piece of history in the most desirable part of town. Short Term Vacation Rental Permit completed and approved!
Listing Agent
Land X Real Estate Inc. Brokerage Email: nathan@landxinc.com License #02097343 Listed on: 01/21/2025
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $12,023
Year Built
- Built in 2004
Lot Details
- 2,178 Sq Ft Lot
- Property is in excellent condition
Property Views
- Ocean
- Bay
- Panoramic
- City Lights
- Hills
Home Design
- Custom Home
- Slab Foundation
- Wood Frame Construction
- Ceiling Insulation
- Stucco Exterior
Interior Spaces
- 4,400 Sq Ft Home
- 3-Story Property
- Built-In Features
- Cathedral Ceiling
- Skylights
- Double Pane Windows
- Family Room on Second Floor
- Living Room
- Open-Concept Dining Room
- Concrete Flooring
Kitchen
- Updated Kitchen
- Plumbed For Gas In Kitchen
- Range
- Microwave
- Dishwasher
- Granite Countertops
Bedrooms and Bathrooms
- 3 Bedrooms
- Primary bedroom located on second floor
- Solar Light Tubes
Parking
- No Garage
- Paved Parking
Utilities
- Radiant Heating System
- Separate Meters
- Gas Available
Additional Features
- Deck
- Accessory Dwelling Unit (ADU)
Listing and Financial Details
- Assessor Parcel Number 001-123-004
Map
Home Values in the Area
Average Home Value in this Area
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 |
|---|---|---|---|---|
| 2025 | $12,023 | $1,148,000 | $88,000 | $1,060,000 |
| 2024 | $12,023 | $1,146,115 | $88,000 | $1,058,115 |
| 2023 | $11,129 | $1,054,843 | $88,000 | $966,843 |
| 2022 | $8,734 | $781,875 | $77,000 | $704,875 |
| 2021 | $8,343 | $781,875 | $77,000 | $704,875 |
| 2020 | $8,366 | $781,875 | $77,000 | $704,875 |
| 2019 | $8,358 | $781,875 | $77,000 | $704,875 |
| 2018 | $8,397 | $781,875 | $77,000 | $704,875 |
| 2017 | $8,522 | $781,875 | $77,000 | $704,875 |
| 2016 | $8,694 | $781,875 | $77,000 | $704,875 |
| 2015 | $8,749 | $781,875 | $77,000 | $704,875 |
| 2014 | $8,343 | $1,126,256 | $89,302 | $1,036,954 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 08/02/2025 08/02/25 | Price Changed | $1,250,000 | -16.7% | $284 / Sq Ft |
| 03/22/2025 03/22/25 | Price Changed | $1,500,000 | -16.4% | $341 / Sq Ft |
| 01/21/2025 01/21/25 | For Sale | $1,795,000 | -- | $408 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Quit Claim Deed | $100,000 | None Available | |
| Interfamily Deed Transfer | -- | -- | |
| Grant Deed | $300,000 | First American Title Ins Co |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Previous Owner | $270,000 | Seller Take Back |
Source: Humboldt Association of REALTORS®
MLS Number: 268526
APN: 001-123-004-000
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