For sale Home

Listed Jan 21, 2025

$1,000,000 Est. $6,614/mo

507 2nd Street

  • 3

    Beds

  • 2

    Baths

  • 4,400

    Sq ft

The story

The Pearl Building with Luxury Apartment.

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.

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!

Facts & features

Home type

Home

Year built

2004

Price per sq ft

$227

Included features

  • Heating

    Radiant

  • Appliances

    Dishwasher, Microwave, Range, Refrigerator

  • Flooring

    Concrete

  • Water Source

    Public

  • Sewer

    Public Sewer

  • View

    City

Mortgage calculator

Estimated monthly payment

$6,614 /mo

7% rate · 30-yr fixed · 20% down

  • Principal & interest $5,322
  • Property tax $1,000
  • Insurance $292

Includes principal, interest, taxes & insurance.

Your Property Journey

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Listing Broker

Land X Real Estate Inc.

Broker Name

Land X Real Estate Inc.

Agent

Nathan Baxley

Location

Granite Bay CA 95746