Price Reduction - Water Views - New Construction - Golf Course
Address
1046 Balboa, Pacific Grove, CA
Price
$ 1,899,000
Property Attributes
- MLS#ML82055504
- TypeSingle Family
- Listing Status Active
- CountyMONTEREY
- CityPacific Grove
- AreaBeach Tract-Fairway Homes
- Zip93950
- Style
- Year Built1940
- Price$ 1,899,000
- Bedrooms3
- Full Bathrooms2
- Half Bathrooms1
- Sqr Footage1772
Data Source:
MLSListings Inc.
Property Description
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.
| Price History | |
|---|---|
| 7/25/2026 | Listed $1,995,000 |
| 9/10/2026 | 5$1,899,000 |
General Features
| Heating | Other |
|---|---|
| Cooling | None |
| Utilities | Public Utilities |
| Roof | Composition |
| Water | Public |
| Fireplaces | Gas Burning |
| Number of Garage Spaces | 1 |
| Architectural Style | Other |
| Year Built | 1940 |
| View | Bay,Water |
| Age | 86 |
| Property Subtype | Single Family Home |
| Property Faces | South |
| City Limits (Y/N) | Yes |
| Zoning Text | R1 |
| Building Type | Detached |
| County | Monterey |
| Property Type | Residential |
| Full Baths | 2 |
| Special Listing Conditions | Not Applicable |
| Status | Active |
| City | PACIFIC GROVE |
| MLS Area | Beach Tract/Fairway Homes |
| Lot Size Units | Square Feet |
| Listing Agent State License | 01317801 |
Interior Features
| Family Room | No Family Room |
|---|---|
| Dining Room | Dining Area |
| Living SqFt | 1772 |
| Fireplace Y/N | Yes |
| Half Baths | 1 |
| Total Bedrooms | 3 |
Exterior Features
| Lot Description | Grade - Level |
|---|---|
| Parking Features | Attached Garage |
| Horse Property | No |
| Lot Size Area | 5000.00 |
| Maximum Lot Size | 5000.00 |
| Sewer/Septic | Sewer - Public |
| Foundation Details | Post and Beam |
| Building Area Total | 1772 |
Amenities
- Foreclosure
- Views
- Short Sale
- New Construction
- Adult 55+
- Lease To Own
- No HOA Fees
- Furnished
- Primary On Main
- Air Conditioning
- Seller Finance
- Green
- Fixer Upper
- Horse
- Golf
- Fireplace
- Deck
- Garage
- Basement
- Pool
Property vs Single Family Average in 93950
Price
Year Built
Visits
Last updated: September 22, 2026 1:18 PM UTC Property Information © 2026 