1046 BALBOA AVE, Pacific Grove, CA 93950 (MLS # ML82055504)

Price $1,995,000
Status Active
Beds 3
Baths 2.5 Baths
Home size 1,772 sqft
Lot Size 5,001 sqft
Days on Market 2
Rare Beach Tract Development Opportunity! An exceptional opportunity to build a luxury custom home in Pacific Groves highly coveted Beach Tract, one of the Monterey Peninsulas most sought-after coastal neighborhoods. The existing 3-bedroom, 2.5-bath home is being offered as a redevelopment opportunity with architectural plans for a beautifully designed approximately 2,500 sq. ft., 3-bedroom, 3.5-bath residence. The proposed home has been thoughtfully designed to maximize ocean views from the primary suite, living room, and kitchen while offering an open-concept floor plan ideal for modern coastal living. A tremendous value-add, the seller will obtain City of Pacific Grove approval for the new construction plans and pay all costs and fees associated with securing those approvals, allowing the buyer to avoid much of the time, expense, and uncertainty of the entitlement process. Located just moments from the coastline, scenic recreation trail, world-class golf, and charming downtown Pacific Grove, this is a rare opportunity to create a one-of-a-kind coastal retreat in one of California's most desirable communities.
Property Type(s): Single Family
Last Updated 7/24/2026 Year Built 1940
Community 699 - Not Defined Garage Spaces 1.0
County Monterey

SCHOOLS

Elementary School Other
Jr. High School Pacific Grove
High School Pacific Grove

Additional Details

AIR None
AIR CONDITIONING Yes
AREA 699 - Not Defined
FIREPLACE Yes
GARAGE Attached Garage, Yes
LOT 5001 sq ft
LOT DESCRIPTION Level
LOT DIMENSIONS 5000
PARKING Attached
SEWER Public Sewer
STORIES 2
VIEW Yes
VIEW DESCRIPTION Bay, Water
WATER Public

Location

Listed with Above and Beyond Real Estate

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