1037 Pearl is listed by a local RE Broker, Steve Hyman, on behalf of the homeowner. It is not FSBO or bank-owned. It has been on the market a little over a month. I saw it on Broker Tour when it was first listed. Nicely appointed inside. It was built in 1984 on a 8500 sq. ft. lot per the MLS. The important thing to note is that it is on the east side of Hwy 1, it is near the Coastside Seaton Medical Center (could be a plus or a minus) and hiking/equestrian trails. It's also a short distance to "downtown" Moss Beach - grocery, post office, and a nice park for kids.
There are not many distressed (short sale or REO) properties on the San Mateo County coastside (Half Moon Bay, El Granada, Moss Beach or Montara). A couple of months ago, approx. 14% of listings were distressed; now it's about 10%. This includes active, pending release, pending show, and pending).
The Moss Beach listings that are bank-owned are 60 Wylvale, asking $799,900; 461 Lancaster, asking $589K, and 100 Wienke Wy, asking $524,900.