2165 Balboa Ave, Del Mar, California 92014, Del Mar, 92014 - 3 bed, 2 bath
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Del Mar, California 92014
This Legacy Coastal Development Site represents a Strong Value Opportunity with a List Price of $5,495,000—positioned well below the $6,093,799 Fair Market Value by 9%. This valuation gap provides $598,799 in Instant Equity. While the existing structure maintains a Condition Rating of 4, the primary value lies in the 17,172 sqft lot and 360-degree Panoramic Views of the Pacific and Lagoon. With conceptual plans included and access to Top-Rated Schools like Pacific Trails Middle, this is a premier acquisition for Luxury Developers or Custom Home Builders.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 2165 Balboa Ave Subject | $5,495,000* List Price | 3 | 2 | 2,800 | $2,187 | - |
A 320 Bellaire Street Sold | $4,750,000 | 3 | 4 | 3,179 | $1,494 | 0.3 mi |
B 550 Amphitheatre Drive Sold | $5,900,000 | 3 | 4 | 2,606 | $2,264 | 0.9 mi |
C 425 11th Street Sold | $4,385,000 | 3 | 2 | 1,772 | $2,475 | 0.9 mi |
D 1130 Cuchara Dr Sold | $4,300,000 | 4 | 2 | 1,921 | $2,238 | 0.9 mi |
E 364 Bellaire Street Sold | $4,300,000 | 4 | 2 | 2,327 | $1,848 | 0.3 mi |
F 459 Carolina Rd Pending | $4,000,000 List Price | 3 | 2 | 2,074 | $1,929 | 0.6 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1950, the property is described as a well-maintained 'legacy home' that remains habitable and suitable for entertaining. While the interior features—including the kitchen, bathrooms, and flooring—are significantly outdated and the listing focuses heavily on the land's value for a future 'architectural masterpiece,' the structure itself appears to have been preserved through regular upkeep rather than suffering from the structural defects associated with a poor or tear-down rating.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 17172, living area = 2800.
Elementary School: Del Mar Hills Elementary School (9/10). Middle School: Pacific Trails Middle (10/10). High School: Torrey Pines High School (9/10).
The property features rare, nearly 360-degree unobstructed views encompassing the Pacific Ocean, San Dieguito Lagoon, and the Del Mar Racetrack, providing one of the most elite vantage points in Southern California.
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =17172, other record lot size in square feet = 18511. Living area discrepancy between mls listing and other public or private record. mls listing living area = 2800, other record living area = 2308.
The original 1950s residence, while well-maintained, likely requires a complete rebuild or extensive modernization to align with the luxury standards expected at this price point.
Beyond the $5.495M acquisition cost, the buyer will need to commit substantial additional capital and time to navigate the Del Mar planning process and execute the high-end construction envisioned for the site.
Perched along one of the most iconic streets in Olde Del Mar, 2165 Balboa Avenue is a rare legacy property offering nearly 360-degree unobstructed views that span the Pacific Ocean, San Dieguito Lagoon, and surrounding mountains. This is not just a home—it’s a generational opportunity to create a one-of-a-kind coastal estate in a location that’s as timeless as it is irreplaceable. With only two families having owned the property since its original construction in 1950, 2165 Balboa carries a rich history and the promise of a new chapter. Floor-to-ceiling glass doors frame the best view in all of Del Mar, seamlessly connecting indoor and outdoor living. From sunrise over the hills to sunset over the Pacific—and even views of the races at Del Mar Racetrack—this is a vantage point few will ever experience. The existing residence offers three bedrooms, two baths, and a primary suite retreat with ocean and lagoon views, a cedar walk-in closet, and a private patio. The home’s open layout, natural light, and expansive wraparound deck make it the perfect setting for both tranquil mornings and elegant entertaining. But it’s the future that sets this property apart. With conceptual plans by award-winning designer Tyler Buffett, thoughtfully created in collaboration with Del Mar’s planning departments, this site is primed for a fully custom architectural masterpiece. The vision pairs dramatic coastal elegance with serene privacy, maximizing every angle of this irreplaceable view corridor. Steps from the sand yet elevated in privacy and presence, See supplement... Steps from the sand yet elevated in privacy and presence, 2165 Balboa Avenue is a once-in-a-lifetime chance to secure one of Del Mar’s most exceptional view lots—and craft a legacy home that will endure for generations.
No exterior & parking available.
Grades K-6 • 1.4 mi
Grades K-6 • 1.8 mi
Grades 7-8 • 1.8 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 4.0 | 43% |
| Baths | 2.0 | 3.0 | 16% |
| Square foot | 2,800 | 2,606 | 55% |
| Lot Size | 17,172 | 9,200 | 86% |
| Price | $5.50M | $3.99M | 76% |
| Price per sq ft | $2.0K | $1.3K | 73% |
| Built year | 1950 | 1980 | 8% |
| HOA | $0 | $0 | 50% |
| Days on market | 58 | 182 | 22% |
Feb 23, 2026
$5,495,000
Initial Listing
Jan 21, 2011
$2,350,000
Public Record