$1,995,000
1046 BALBOA, Pacific Grove, CA 93950
1% above the Pacific Grove median of $2.0M (33 active listings)
58% of Pacific Grove listings have cut their price · half have been listed 64+ days
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.
Property details
- Property type
- Single Family
- Year built
- 1940
- Listed
- 6 days ago
- MLS #
- 82055504
- Listed by
- Annette Boggs · Above and Beyond Real Estate
Questions about 1046 BALBOA?
Talk to a GoReal advisor. Not a chatbot — a real person who knows this neighborhood.
Location
Approximate location based on the listing address.
