The entire block was purchased for $10 million by a single buyer.
Christian Balderas/KSBWPACIFIC GROVE, Calif. — An entire residential block, comprising of 15 historic, cottage-style homes, in Pacific Grove has been purchased for $10 million by a single buyer.
"I think it was a fair deal. I think there's a lot of deferred maintenance with this property. You know, having ... 15 single-family homes that were built in 1924..." Debby Beck, the real estate broker who represented the buyer, said. The lot is located on 831 Laurel Avenue, near George Washington Park, which encompasses 36,000 square feet. Included is a mix of studios, and one and two bedrooms, each with its own water meter."There's no such thing in Pacific Grove owned by one owner," Beck said.
The buyer wished to be referred to as Whispering Pines, LLC, a nod to the home's history. They own multiple historic properties in Pacific Grove. "These are the perfect buyers for this property," Beck said."They have no intentions of subdividing it, which I think is very important to know, specifically for the historicity of Pacific Grove and maintaining it, as you know, the Whispering Pines of Pacific Grove."
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