2029 Balboa Avenue, Del Mar, California 92014, Del Mar, 92014 - 3 bed, 3 bath
ACTIVE$4,788,000$2,500/sqft
2029 Balboa Avenue, Del Mar, California 92014
3Beds
3Baths
2,500Sqft
17,900Lot
Price Vs. Estimate
Estimation data not available
Key pros and cons
Top 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 = 17900, living area = 2500.
Top Cons:
MLS Listing Discrepancy: Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =17900, other record lot size in square feet = 16784. Living area discrepancy between mls listing and other public or private record. mls listing living area = 2500, other record living area = 1983.
Compared to the nearby listings
Price:$4.79M vs avg $3.12M (+$1,670,500)76%
Size:2,500 sqft vs avg 2,519.5 sqft50%
Price/sqft:$1.9K vs avg $1.2K70%
More Insights
Built in 1965 (61 years old).
Condition: The property was built in 1965, making it 59 years old. The listing description heavily emphasizes the 'options' for a 'new estate residence' or 'total restoration' of the existing structure, explicitly stating that 'conceptual drawings' are available for both. The provided images are almost entirely conceptual renderings of a modern new build, rather than actual photos of the existing 1965 home. The property analysis further highlights the 'significant capital investment required' for restoration or a new build and describes the existing structure as 'outdated systems, finishes, and layouts.' This indicates the value is primarily in the large, elevated lot with panoramic ocean views and its redevelopment potential, rather than the current dwelling. The existing structure is presented as a candidate for demolition or a complete overhaul, fitting the 'tear-down' criteria where the property's value is based solely on the land and its potential for redevelopment.
Year Built
1965
Close
-
List price
$4.79M
Original List price
$4.79M
Price/Sqft
$1,915
HOA
-
Days on market
-
Sold On
-
MLS number
NDP2600110
Home ConditionTear down
Features
Excellent View: Ocean
ViewOcean
About this home
*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 RESIDENCE OF OVER 4000++SQ **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 listed is of existing ** BUYER TO VERIFY ALL WITH THE CITY OF DEL MAR PRIOR TO REMOVAL OF CONTINGENCIES*
T
Toni Cieri
Listing Agent
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
03/21/25
Sold
$4,625,000
Condition Rating
Tear down
The property was built in 1965, making it 59 years old. The listing description heavily emphasizes the 'options' for a 'new estate residence' or 'total restoration' of the existing structure, explicitly stating that 'conceptual drawings' are available for both. The provided images are almost entirely conceptual renderings of a modern new build, rather than actual photos of the existing 1965 home. The property analysis further highlights the 'significant capital investment required' for restoration or a new build and describes the existing structure as 'outdated systems, finishes, and layouts.' This indicates the value is primarily in the large, elevated lot with panoramic ocean views and its redevelopment potential, rather than the current dwelling. The existing structure is presented as a candidate for demolition or a complete overhaul, fitting the 'tear-down' criteria where the property's value is based solely on the land and its potential 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 = 17900, 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).
Panoramic Ocean Views: The property boasts breathtaking panoramic ocean views, including the 'sounds of surf,' from its elevated position, a highly coveted feature in Del Mar.
Exceptional Development Potential: Offers immense potential for a new estate residence (4000+ sq ft), total restoration of the existing Mid-Century Modern home, or the addition of up to two ADUs/guesthouses, providing endless possibilities for customization.
Prime Del Mar Location & Investment: Situated on a multi-million dollar hillside in prestigious Del Mar, evidenced by recent comparable sales, indicating strong investment value and desirability.
Expansive & Elevated Lot: A substantial 17,900 sq ft elevated lot provides ample space for development, enhanced privacy, and maximizes the stunning ocean vistas.
Privacy and Serenity: Located in a quiet and private setting, offering a tranquil living environment complemented by the natural sounds of the ocean.
Cons
MLS Listing Discrepancy: Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =17900, other record lot size in square feet = 16784. Living area discrepancy between mls listing and other public or private record. mls listing living area = 2500, other record living area = 1983.
Recently Sold Property: The property was recently sold within the past year on 2025-03-21. The sold price is $4,625,000.00.
Significant Capital Investment Required: The existing 1965 Mid-Century Modern structure likely requires substantial capital for either a full restoration or a complete new build to meet contemporary luxury standards.
Complex Development & Permitting Process: Realizing the property's full development potential (new construction, ADUs) will involve navigating potentially complex city regulations and permitting processes, requiring buyer due diligence.
Outdated Existing Structure: The current 1965-built home, while architect-designed, is an older property that may have outdated systems, finishes, and layouts, necessitating significant upgrades or replacement.