NOT LISTED FOR SALE

542 Lighthouse Ave Unit 502 Pacific Grove, CA 93950

Estimated Value: $3,397,000 - $4,442,000

3 Beds
2.5 Baths
3,034 Sq Ft
$655/mo HOA Fee

Last Sold March 30, 2021

Last sale price $3,450,000 $1,137 Per Sq Ft

Est. 19% increase in value since last sale

Current estimated payment $25,578/month

35 Days on Market

Highlights

  • Ocean View
  • 0.78 Acre Lot
  • Formal Dining Room
  • Robert Down Elementary School Rated A
  • Den
  • 3-minute walk to Jewell Park

About This Home

As of March 2021

Located on the Southeast corner in the coveted Holman Building, Unit 502 is the largest penthouse in the building. One of just four, new construction penthouses offered, this 5th floor unit showcases a luxurious new interpretation of Pacific Grove living. Resplendent with loft-like grandeur, including oversized windows that usher in brilliant light, postcard views of the bay, hand-selected finishes and open concept living, all exuding an easy elegance that defines modern, luxurious living. Offering over 3,000 square feet of indoor living space alongside collapsible, in-wall pocket sliding glass doors expanding the footprint out to 1,500 square feet of terrace space. The Holman, a historic 1918 downtown Pacific Grove staple for more than 90 years, has been re-imagined into a boutique address of 25 residences Thoughtfully restored to its original grandeur, the lofty residences have a timeless appeal and enduring quality. Be part of the legacy before they are all gone!

Last Agent to Sell the Property

Pete Ruiz

KW Coastal Estates License #70010112 Listed on: 02/08/2021

KW Coastal Estates

Last Buyer's Agent

Pete Ruiz

KW Coastal Estates License #70010112 Listed on: 02/08/2021

KW Coastal Estates

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $38,975

Year Built

  • 1918

Lot Details

  • 0.78

HOA Fees

  • $655 Monthly HOA Fees

Parking

  • 2 Car Garage
  • Garage Door Opener

Property Views

  • Ocean
  • City Lights

Home Design

  • Composition Roof
  • Concrete Perimeter Foundation

Interior Spaces

  • 3,034 Sq Ft Home
  • Gas Fireplace
  • Formal Dining Room
  • Den
  • Kitchen Island

Bedrooms and Bathrooms

  • 3 Bedrooms

Utilities

  • Forced Air Heating System
  • Separate Meters
  • Individual Gas Meter

Community Details

Overview

  • Association fees include common area electricity, common area gas, maintenance - common area, recreation facility
  • Holman Bldg Condos Community Assoc Association

Security

  • Controlled Access

Property Details

Home Type

Condominium

Est. Annual Taxes

$38,975

Year Built

1918

Lot Details

0

HOA Fees

$655 per month

Parking

2

Listing Details

  • Zoning: MIXED USE
  • Subclass: Condominium
  • Age: 103
  • Listing Class: Residential
  • Maximum Unit Floor Number: 5
  • Max Numberof Unitsin Building: 25
  • Structure Sq Ft: 3034
  • Special Features: None
  • Property Sub Type: Condos
  • Year Built: 1918

Interior Features

  • Family Room: No Family Room
  • Fireplace: Gas Burning
  • Dining Room: Formal Dining Room
  • Kitchen: Island With Sink, Pantry
  • Fireplace: Yes
  • Living Sq Ft: 3034
  • Security: Controlled / Secured Access
  • Additional Rooms: Den / Study / Office
  • Fireplaces Min: 1
  • Maximum Numberof Bedrooms: 3
  • Minimum Numberof Bedrooms: 3
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Total Bedrooms: 3

Exterior Features

  • Foundation: Concrete Perimeter And Slab
  • Roof: Composition
  • View: City Lights, Ocean

Garage/Parking

  • Garage Spaces: 2
  • Garage Max: 2
  • Garage Min: 2
  • Garage Parking Features: Assigned Spaces, Gate / Door Opener, Underground Parking

Utilities

  • Heating System: Central Forced Air
  • Sewer/Septic System: Sewer - Public

Condo/Co-op/Association

  • HOA Fees: 655
  • HOA Documents: Articles Of Incorporation, Budget, Bylaws, Cc&rs
  • HOA Fee Frequency: Monthly
  • Association Fees Include: Common Area Electricity, Common Area Gas, Maintenance - Common Area, Recreation Facility
  • HOA Exist: Yes
  • H O A Name Text: Holman Bldg Condos Community Assoc

Schools

  • School District: Pacific Grove Unified
  • High School: Pacific Grove High
  • High School: 560

Lot Info

  • Lot Acres: 0.7800
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 33976.80
  • Lot Size Area Maximum Units: Square Feet
  • Maximum Lot Size: 33976.80

Multi Family

  • Utilities: Individual Electric Meters, Individual Gas Meters, Public Utilities
  • Maximum Building Height: 5
  • Minimum Building Height: 5

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 8, 2021
Closed on
Mar 24, 2021
Sold by
Monterey Capital Pg Founder Llc
Bought by
Bowmer John P and Bowmer Susan R
Seller's Agent
Pete Ruiz
KW Coastal Estates
Buyer's Agent
Pete Ruiz
KW Coastal Estates
List Price
$3,795,000
Sold Price
$3,450,000
Premium/Discount to List
-$345,000
-9.09%
Current Estimated Value
$4,104,388

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$654,388
Avg. Annual Appreciation
3.59%
Source: Public Records

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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
Bowmer John P $3,450,000 Old Republic Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Monterey Capital Pg Founder Llc $4,900,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/30/2021 03/30/21 Sold $3,450,000 -9.1% $1,137 / Sq Ft
03/16/2021 03/16/21 Pending -- -- --
02/08/2021 02/08/21 For Sale $3,795,000 -- $1,251 / Sq Ft
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
2025 $38,975 $3,734,390 $1,623,648 $2,110,742
2024 $38,975 $3,661,167 $1,591,812 $2,069,355
2023 $39,287 $3,589,380 $1,560,600 $2,028,780
2022 $38,486 $3,519,000 $1,530,000 $1,989,000
2021 $4,864 $3,450,000 $1,500,000 $1,950,000
2020 $2,025 $181,467 $181,467 $0
Source: Public Records

Agents Affiliated with this Home

  • P

    Seller's Agent in 2021

    Pete Ruiz

    KW Coastal Estates

    Section Image
See All Agents

Map

Source: MLSListings

MLS Number: ML81828930

MLSListings

APN: 006-179-041-000

California Monterey County Pacific Grove 93950

542 Lighthouse Ave Unit 502, Pacific Grove, CA

This home is located at 542 Lighthouse Ave Unit 502, Pacific Grove, CA 93950 since 08 February 2021 and is currently estimated at $4,104,388, approximately $1,352 per square foot. This property was built in 1918. 542 Lighthouse Ave Unit 502 is a home located in Monterey County with nearby schools including Robert Down Elementary School, Pacific Grove Middle School, and Pacific Grove High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

MLSListings Property Information © 2025 MLSListings Inc. All rights reserved. Listing information is deemed reliable but not guaranteed. Certain information contained herein is derived from information which is the licensed property of, and copyrighted by, MLSListings Inc. The viewer acknowledges ownership and validity of its copyright. Information provided is for personal, non-commercial use by a viewer with a bona fide interest in the purchase or sale of real estate of the type being offered via this website or other electronic means. The viewer is prohibited from copying, redistributing or retransmitting any of the data or information provided by MLSListing, Inc.

Nearby Homes