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2029 Balboa Avenue, Del Mar, California 92014, Del Mar, 92014 - 3 bed, 3 bath

2029 Balboa Avenue, Del Mar, California 92014 home-pic-0
ACTIVE$4,788,000
2029 Balboa Avenue, Del Mar, California 92014
3Beds
3Baths
2,500Sqft
17,000Lot
Year Built
1965
Close
-
List price
$4.79M
Original List price
$5M
Price/Sqft
$1,915
HOA
-
Days on market
-
Sold On
-
MLS number
NDP2508138
Home ConditionTear down
Features
Excellent View: Ocean
Deck
ViewOcean

About this home

We found 3 Cons,7 Pros. Rank: price - $4.79M(72th), sqft - 2500(50th), beds - 3(50th), baths - 3(50th).

*PANORAMIC OCEAN VIEWS *MID-CENTURY MODERN SITED ON HUGE ELEVATED LOT OF 17,900,000 SQ FT. ** OPTIONS INCLUDE RESTORATION OF EXISTING OR NEW ESTATE PROPERTY**DRAWINGS AVAILABLE FOR BOTH.** QUIET AND PRIVATE, SOUNDS OF SURF ** MULI MILLION $$ HILLSIDE**PROPERTY ON BALBOA JUST CLOSED FOR 21.25M** CONCEPTUAL DRAWINGS AVAILABLE FOR STUNNING NEW ESTATE RESIDENCE, SINGLE LEVEL LIVING WITH OCEAN VIEWS FROM MOST ROOMS, POOL AND GUESTHOUSE ** POTENTIAL TO ADD 2 ADUS** SITE CONSISTS OF TWO LOTS COMBINED FOR A TOTAL OF 17,900 SQ FT. *LIT.* EXISTING ON THE LAND IS A MID CENTURY SINGLE LEVEL ARCHITECT DESIGNED AND BILT IN 1965 WITH THE ADDITIONAL OPTION FOR TOTAL RESTORATION * RESTORATION CONCEPTUAL DRAWINGS AVAILABLE* GUEST HOUSE/ADU ON SECOND LOT WITH OCEAN VIEW **OPTIONS ARE ENDLESS**Sq Ft is based on conceptual drawings for a new home. ** BUYER TO VERIFY ALL WITH THE CITY OF DEL MAR PRIOR TO REMOVAL OF CONTINGENCIES*

Nearby schools

9/10
Del Mar Hills Elementary School
Public,•K-6•1.2mi
9/10
Del Mar Heights Elementary School
Public,•K-6•1.6mi
8/10
Earl Warren Middle School
Public,•7-8•2.0mi
10/10
Pacific Trails Middle
Public,•7-8•4.4mi
9/10
Torrey Pines High School
Public,•9-12•2.3mi

Price History

Date
Event
Price
11/04/25
Price Change
$4,788,000-2.2%
10/22/25
Price Change
$4,895,000
08/19/25
Listing
$4,998,000
Condition Rating
Tear down
The property was built in 1965, making it nearly 60 years old. The listing description and images primarily showcase the land's development potential with conceptual drawings for a new estate, rather than the existing structure. There are no interior photos of the current home, including the kitchen or bathrooms, and the property analysis explicitly notes the 'Age and Condition of Existing Structure' as a weakness, suggesting it 'may require substantial renovation or demolition.' This indicates the existing structure is likely beyond repair for modern living standards without significant investment, and its value is based solely on the land for redevelopment.
Pros & Cons

Pros

High Available Lot Utilization: The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 17000, living area = 2500.
Great Schools: Elementary School: Del Mar Hills Elementary School (9/10). Middle School: Pacific Trails Middle (10/10). High School: Torrey Pines High School (9/10).
Unobstructed Panoramic Ocean Views: The property boasts breathtaking panoramic ocean views, including the sounds of the surf, from its elevated position, significantly enhancing its desirability and value.
Exceptional Development Potential: Offers immense potential for a new estate residence with conceptual drawings available, including options for single-level living, a pool, guesthouse, and the possibility to add two ADUs, maximizing future value.
Expansive and Elevated Lot: Sited on a huge, elevated lot totaling 17,900 sq ft (combined from two lots), providing ample space, privacy, and an ideal canvas for a luxury development.
Prestigious Del Mar Location: Located in a highly sought-after, multi-million dollar hillside neighborhood in Del Mar, known for its exclusivity and high property values, as evidenced by a recent $21.25M sale on the same street.
Architectural Heritage: The existing 1965 structure is an architect-designed Mid-Century Modern home, offering a unique aesthetic for buyers interested in restoration or appreciating classic design.

Cons

Substantial Additional Investment Required: The property is primarily presented as a development opportunity, implying that the listed price is largely for the land and potential, with significant additional capital needed for new construction or extensive renovation of the existing structure.
Extensive Buyer Due Diligence: The listing explicitly states 'BUYER TO VERIFY ALL WITH THE CITY OF DEL MAR PRIOR TO REMOVAL OF CONTINGENCIES,' indicating potential complexities and the necessity for thorough investigation into zoning, permits, and development feasibility.
Age and Condition of Existing Structure: Built in 1965, the current home is likely dated and may require substantial renovation or demolition, as the listing heavily emphasizes options for 'restoration' or building a 'new estate' rather than highlighting the current home's features.

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