$1,250,000
507 2nd Street
Eureka, CA 95501
MLS# 268509
4400 sqft
507 2nd Street, Eureka, CA 95501
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Property Description
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 2200 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.

Details
Maps
Listing Information
Status: Active
List Date: 2025-01-19
List Price: $1,250,000
Current Price: $1,250,000
Property Description
Type of Property: Commercial
Realtor.com Type: Commercial
Construction Status: Existing
Accessory Dwelling Unit: Yes
Main House SqFt: 4400
Lot Size: City
Lot Acres: 0.05
Flood Zone: No
List Price/SqFt: 284.09
Location Legal and Taxes
Area: South Bay
House Number: 507
Street Name: 2nd
Street Suffix: Street
Sub-Area: Eureka
State: CA
Zip Code: 95501
Cross Street: F
Directions and Remarks
Directions: 507 2nd Street, Eureka
ADU Detail
Occupied Y/N: No
Permitted Y/N: Yes
Attached Y/N: Yes
Electric Meter: Yes
Gas Meter: Yes
Beds: 3
Baths: 2
Entry Level: Lower/Street
APN#
CC& R's: No
Building Description
Year Built: 2004
Total Baths: 4
# Units: 2
Condition: Excellent
Square Footages
Total Building SqFt: 4400
Retail SqFt: 2200
Other SqFt: 2200
Business
Real Estate Included: Yes
Interior Amenities
Earthquake Retro: Yes
Property Features
ADU Type: ADU
ADU Kitchen Features: Dishwasher; Gas Cooktop; Gas Range; Granite Slab; Range Hood; Refrigerator
Zoning: Commercial
Existing Use: Other
Location: Other-Spec in Remark
Exterior Amenities: Alley
Utilities: Circuit Breaker; Electric; Gas
Heating: Radiant
Cooling: None
Flooring: Concrete
Sale Includes: Land & Building
Possession: At Close of Escrow
Financing Terms: Cash; Conventional
Supplements
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 the 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 Office: Land X Real Estate Inc.

Last Updated: December - 31 - 2025

507 2nd Street, Eureka, CA 95501 - MLS# 268509

Based on information from the Humboldt Association of REALTORS® (alternatively, from the Humboldt MS), as of (date the AOR/MLS data was obtained on .) All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be verified by broker for accuracy. Properties may or may not be listed by the office/agent presenting the information. Copyright 2020 (year) Humboldt Association of Realtors®. All rights reserved.

Sunday 22nd of February 2026 02:00 PM