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
Price:
$1,995,000
MLS #:
ML82055504
Status:
Active
Beds:
3
Baths:
3
Type:
Single Family
Subtype:
Single Family Residence
Neighborhood:
699notdefined
Listed Date:
Jul 24, 2026
Finished Sq Ft:
1,772
Lot Size:
5,000 sqft / 0.11 acres (approx)
Year Built:
1940
See this Listing
Schools
School District:
Other
Elementary School:
Other
Middle School:
Pacific Grove
High School:
Pacific Grove
Interior
Bathrooms
2 Full Bathrooms, 1 Half Bathroom
Cooling
NO
Exterior
Attached Garage YN
1
Common Walls
NCW
Direction Faces
S
Garage Spaces
1
Parking Spots
1
Parking Total
1
Roof
CMP
View
BA, WA
Financial
Map
Community
- Address1046 BALBOA Pacific Grove CA
- CityPacific Grove
- CountyMonterey
- Zip Code93950
Market Summary
Current real estate data for Single Family in Pacific Grove as of Jul 25, 2026
39
Single Family Listed
75
Avg DOM
1,140
Avg $ / SqFt
$2,230,397
Avg List Price
Property Summary
- 1046 BALBOA Pacific Grove CA is a Single Family for sale in Pacific Grove, CA, 93950. It is listed for $1,995,000 and features 3 beds, 3 baths, and has approximately 1,772 square feet of living space, and was originally constructed in 1940. The current price per square foot is $1,126. The average price per square foot for Single Family listings in Pacific Grove is $1,140. The average listing price for Single Family in Pacific Grove is $2,230,397.
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1046 BALBOA
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