2165 Balboa Ave, Del Mar, California 92014, Del Mar, 92014 - 3 bed, 2 bath

2165 Balboa Ave, Del Mar, California 92014 home-pic-0

2165 Balboa Ave

Del Mar, California 92014

ACTIVE
CONDITION: FAIR
3Beds
2Baths
2,800Sq Ft
17,172Lot Size

Property Price

LIST PRICE$5,495,000
EST. MARKET VALUE
$6,093,799
9% BelowMARKET VALUE

SUMMARY

Estimated Market Value

$6,093,799 +$598,799 Equity Potential
Based on Realkey algorithm analyzing recent comparable sales in Del Mar.

Comparable Sales Map

Comparables within 1 miles sold in recently

Address Sold Price BedsBathsSq Ft$/SqftDistance
2165 Balboa Ave
Subject
$5,495,000*
List Price
322,800$2,176-
A
320 Bellaire Street
Sold
$4,750,000343,179$1,4940.3 mi
B
550 Amphitheatre Drive
Sold
$5,900,000342,606$2,2640.9 mi
C
425 11th Street
Sold
$4,385,000321,772$2,4750.9 mi
D
364 Bellaire Street
Sold
$4,300,000422,327$1,8480.3 mi
E
459 Carolina Rd
Pending
$4,000,000
List Price
322,074$1,9290.6 mi

* Subject property listed price vs sold prices of comps.

Condition Analysis

OVERALL CONDITION SCORE

Fair
TeardownExcellent

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 While the interior features—including the kitchen, bathrooms, and flooring—are significantly outdated and the listing focuses heavily on the land's value for a future 'architectural masterpiece,' the structure itself appears to have been preserved through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.

PROSSTRENGTHS & OPPORTUNITIES

  • 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 = 17172, living area = 2800.

  • 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).

  • Exceptional Panoramic Views

    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.

CONSRISKS & DEFICIENCIES

  • MLS Listing Discrepancy

    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.

  • Dated Existing Structure

    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.

  • High Capital Requirement

    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.

About 2165 Balboa Ave

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.

Property Details

Public Facts

Property Type
Single Family Residence
Year Built
1950
Lot Size
17,172 Sq. Ft.

Interior

Total Bedrooms
3
Total Bathrooms
2 (2 Full, 0 Half)

Exterior & Parking

No exterior & parking available.

Utilities & Misc

HOA Fee
$0 / Month

Neighborhood Insights

Del Mar Unified Schools

Del Mar Hills Elementary School

Grades K-6 • 1.4 mi

9/10

Del Mar Heights Elementary School

Grades K-6 • 1.8 mi

9/10

Earl Warren Middle School

Grades 7-8 • 1.8 mi

8/10

Sensitive Facilities

No sensitive facilities data found.

Neighborhood Comparison

FeatureSubjectAverage HomeNeighborhood Ranking (50 Listings)
Beds3.03.5
50%
Baths2.03.5
14%
Square foot2,8002,539.5
57%
Lot Size17,1728,550
84%
Price$5.50M$3.58M
82%
Price per sq ft$2.0K$1.3K
75%
Built year19501985
5%
HOA$0$0
50%
Days on market12190
7%

Pricing History

Listed for Sale

Feb 23, 2026

$5,495,000

Initial Listing

Sold

Jan 21, 2011

$2,350,000

Public Record

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