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Two Cottages by the Bay are situated just four back from the Monterey Bay and a block and one-half to Downtown Pacific Grove. 116 and 116 ½ 15th Street are all about location. Hop on the recreation trail, stroll to historic downtown Pacific Grove restaurants and shopping, or go to the beach and jump in the ocean at Lover's Point Park. Four back from the ocean with five+ possibilities. Live in one, rent one. Rebuild one, live in one. Rent two. Rebuild two or three. Or rebuild one large home. Currently not on the Historic Resources Inventory and seller has started the formal review process. Assuming property is not historic, R-3 zoning and lot size would allow 2,311 square foot Gross Floor Area development (whether a single family home, duplex, or triplex). These two adorable cottages have endured over time but now are in need of some TLC and will likely require a cash buyer. Currently tenant occupied, showings will be scheduled and largely limited to open houses.
Listing agent: Mark Peterson DRE #01977162 mark.peterson@compass.com, Listing office: Monterey Coast Realty
MLS data updated 10/26/2026, 8:04:10 PM PT
Source: CRMLS, MLS #: ML81644208
Belmont insights
Compare recorded home prices, same-type ZIP sales and mortgage rates.
May 1, 2017
Prices use the left axis; mortgage rates use the right. Hover, tap, or focus the chart and use the arrow keys. Red SOLD badges mark recorded sales.
This home · nearest recorded event
No recordNo property-price record in this range.ZIP 93950 · Oct 2026
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No weekly rateNo published rate within 7 days of this date.No recorded sales in this range. Select All available for older records; missing records do not mean the home never sold.
ZIP averages use publicly displayable closed sales from our licensed MLS feed, matched to the same ZIP and exact property type. Months with fewer than 3 sales are omitted; the current month is incomplete. Lines connect available monthly observations across gaps and do not represent measured prices in missing months. These averages are not adjusted for size, condition, or location within the ZIP, and are not an appraisal. Feed coverage may not include every sale. All available shows the available home and ZIP history, with mortgage rates over the same dates.
Mortgage benchmark: Freddie Mac Primary Mortgage Market Survey®. © Freddie Mac. Weekly national 30-year fixed rates, not APRs or a loan quote. Actual terms vary. Methodology changed in November 2022. The chart does not establish that interest-rate changes caused a home’s price changes.
Lines connect recorded asking and sale prices. They are visual guides, not estimates of the home’s value between those dates.
No earlier records were returned by our current sources. This does not mean the home has never sold.
MLS records may be incomplete. Earlier asking prices are not sale prices.