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.

Property details

Bedrooms

3

Bathrooms

3

Square feet

1,772

Year built

1940

Property type

Residential

Lot size

5,000 sqft

Location

1046 BALBOA • Pacific Grove, CA 93950

More homes for sale and rent in Pacific Grove, CA →

Listing Agent

Annette Boggs

DRE #: 01317801

Brokerage: Above and Beyond Real Estate

Similar Listings

Recent sales near 1046 BALBOA

61 Companion Way: Sold $1,780,000 · 3 bd · 2 ba · 1,173 sqft · May 2026 · 0.1 mi
Coldwell Banker Realty | DRE #00891159
Buyer's agent: Amber Russell Kerchner, Over the Moon Realty, Inc | DRE #01795810
1130 Beacon Avenue: Sold $2,700,000 · 3 bd · 2 ba · 1,551 sqft · Apr 2026 · 0.1 mi
Keller Williams Realty | DRE #70010112
Buyer's agent: The Ruiz Group, Keller Williams Realty | DRE #70010112
1136 Del Monte Boulevard: Sold $1,700,000 · 3 bd · 2 ba · 1,247 sqft · May 2026 · 0.1 mi
Sotheby's International Realty | DRE #01966766
Buyer's agent: Stacy Stauffer, Sotheby's International Realty | DRE #01938738
956 Seapalm Avenue: Sold $3,420,500 · 4 bd · 3 ba · 2,683 sqft · May 2026 · 0.2 mi
Sotheby's International Realty | DRE #02113446
Buyer's agent: Amber Russell Kerchner, Over the Moon Realty, Inc | DRE #01795810
859 Balboa Avenue: Sold $3,255,000 · 3 bd · 2 ba · 1,869 sqft · Jan 2026 · 0.3 mi
The Jones Group-Coast & Country Real Estate | DRE #01299648
Buyer's agent: Ryan Melcher, Sotheby's International Realty | DRE #01897036
835 Seapalm Avenue: Sold $3,475,000 · 3 bd · 3 ba · 2,864 sqft · Jun 2026 · 0.4 mi
KW Coastal Estates | DRE #70000352
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890 Bayview Avenue: Sold $2,850,000 · 3 bd · 3 ba · 2,161 sqft · Jun 2026 · 0.5 mi
The Jones Group-Coast & Country Real Estate | DRE #01299648
Buyer's agent: Sandra Lynn Yagyu, The Jones Group-Coast & Country Real Estate | DRE #01416210
700 Briggs Avenue 83: Sold $925,000 · 2 bd · 2 ba · 1,213 sqft · Aug 2026 · 0.5 mi
Over the Moon Realty, Inc | DRE #01795810
Buyer's agent: Amber Russell, Over the Moon Realty, Inc | DRE #01795810

Closed sales reported in 93950, nearest first, last 12 months. All recent sales in Pacific Grove →

CRMLS

MLS# ML82055504

Listed: 7/24/2026 3:03 PM

Based on information from the California Regional Multiple Listing Service, Inc. as of 10/11/2026 3:06 PM. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS.

IDX information is provided exclusively for consumers' personal, non-commercial use. Information is deemed reliable but not guaranteed. Buyer should independently verify all information.

Listed by: Above and Beyond Real Estate

Equal Housing Opportunity

Advertising Broker: Nalren Corp (CA DRE #02423715)

Licensed in the state of California

Nalren Corp (CA DRE #02423715) is the Advertising Broker for this IDX display. We are not the listing broker for this property. The listing broker/agent information is shown above. Contact the listing agent for inquiries.

3-Bedroom Residential - 1046 BALBOA, Pacific Grove, CA