Is this a real Pearsall sofa?  

Doesn't look like any...
Doesn't look like any Pearsall sofa I've ever seen. And by that I mean it has a more refined appearance and better proportions than most of the Pearsall stuff. But then again, I'm a sucker for biscuit tufting.
PS I checked the catalogs and don't see it.

look at this one that went for 400.00 bux...
just up the road from that one

Yeah...
I check that website from time to time. Really hard to predict where an item will end up... I was watching that sofa for a couple days, holding steady at $20. Then, boom, all the way up.

Thanks...
... for checking catalogs. I couldn't find any online, I guess they've been taken down. I contacted the seller out of curiosity and they can't verify it, so I'm thinking no.

No, it's not Pearsall.
Pearsall sofas have a different arm construction and generally flair outward more than the arms on that gray sofa. Also, the walnut legs don't have the inside curve to them--they are straight sided. And on Pearsall sofas there is generally much more wood to the base, usually a rail that goes all the way across the front OR walnut trim extending across the entire front. There are tons of them around you should be able to do a quick comparison via Google search.

Yeah...
That's kinda what I was thinking. Any idea on best way to identify the sofa in the link?

What about this one?
Eh?

not pearsall
That ones not pearsall either. However, I found one just like yours on 1stdibs. It says made by Kroehler. They had it spelled wrong, found a bunch of examples.
http://www.1stdibs.com/furniture/seating/sofas/mid-century-sculptural-so...

Sure looks like Pearsall to me.
I have the same sofa, in the same style fabric, with the Craft Associates tags still on it.

Davismills,
which of the three here are you referring to? It would be great to have the reference not just for the person asking here but also for future researchers.

Ooops...
I was replying to atomicmod and referencing the pic posted by mgee76.
Bad is mine.
DM

Pay no attention to
the man behind the curtain!
My bad AGAIN!
I didn't scroll mgee76's pic to see the wood armrest cap on the right end.
My sofa is a 2408s- NOT like the one in mgee76's example.
I'll shut up now...
DM

well
here is the link to the catalog...top secret..
https://web.archive.org/web/20130814035449/http://www.adrianpearsall.com...

What about this...
Curious about the legs.