1046 BALBOA

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.

Days on Market

8 days

Current Status

Active

Original Price

$1,995,000

List Price

$1,995,000

On Market Date

Jul 24, 2026

Property Type

Single Family Home

Area

126 - Beach Tract/Fairway Homes

Zip Code

93950

MLS ID

ML82055504

APN

006-026-011

Year Built

1940

Stories in Building

2

Possession

Immediate

Data Source

MLSL

Origin MLS System

MLSListings, Inc.

Bed

3

Bath

3 (2/1)

Parking

1

Attached Garage

SQ FT

1,772

SQ FT Source

Unavailable

Lot SQ FT

5,000.0

Lot Acres

0.114784 Acres

Cooling

None

Dining Room

Dining Area

Disclosures

Natural Hazard Disclosure

Family Room

No Family Room

Foundation

Post and Beam

Fire Place

Gas Burning

Heating

Other

Views

Bay, Water

Possession

Immediate

Architectural Style

Other

Fee

Unavailable

MLS and other Information regarding properties for sale as shown in Theo have been obtained from various sources such as sellers, public records, agents and other third parties. This information may relate to the condition of the property, permitted or unpermitted uses, zoning, square footage, lot size/acreage or other matters affecting value or desirability. Unless otherwise indicated in writing, neither brokers, agents nor Theo have verified, or will verify, such information. If any such information is important to buyer in determining whether to buy, the price to pay or intended use of the property, buyer is urged to conduct their own investigation with qualified professionals, satisfy themselves with respect to that information, and to rely solely on the results of that investigation.

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