Skip to main content
Pacific Grove, CA

$1,995,000

1046 BALBOA, Pacific Grove, CA
3
Beds
3
Baths
1,772
Sq Ft
1940
Built
0
Days listed

About this home

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.

Facts & features

Interior
Bedrooms
3
Bathrooms
2 full, 1 half
Living area
1,772 sq ft
Cooling
None
Exterior & lot
Lot size
0.115 acres (5,000 sq ft)
View
Bay, Water
Year built
1940
Parking spaces
1
Community
Area
699 - Not Defined
County
Monterey
Listing details
Status
Active
Property type
Single Family Residence
Days on market
0
Listed
2026-07-24
Parcel #
006026011
MLS #
ML82055504
Listed by
Annette Boggs · Above and Beyond Real Estate

Location

Price history

Listed
$1,995,000 · 2026-07-24
Days on market
0
Current price
$1,995,000
Financing

Could this home be yours?

Estimated monthly payment
$12,515
$10,088 principal & interest · $2,427 taxes & insurance
$399,000
Estimate only
Loan $1,596,000

Estimates only and not a loan offer. Property tax and insurance vary by location. Get pre-qualified below for your actual rate and payment.

Qualify for this home

Get pre-qualified with Your Agent and see your real rate and payment — no obligation.

Own a home?

What's your home worth?

Estimated value range nearby
$2,490,820$2,924,006

A rough estimate from current nearby price-per-square-foot — not an appraisal. A precise valuation considers condition, upgrades and recent sales.

Get a free home valuation

Thinking of selling? Your Agent will prepare an accurate, no-obligation valuation and selling consultation.

Similar homes in Pacific Grove

See all homes in Pacific Grove

Listing data provided by CRMLS

Listing courtesy of Above and Beyond Real Estate. © 2026. The multiple listing data appearing on this website is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for the consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the consumer may be interested in purchasing. All data, including but not limited to all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed. Last updated July 26, 2026 Equal Housing Opportunity.

Thinking about a move? Your Agent can help — get tailored listings & honest advice.