2029 Balboa Avenue, Del Mar, California 92014, Del Mar, - bed, bath
ACTIVE$4,788,000
2029 Balboa Avenue, Del Mar, California 92014
3Beds
3Baths
2,500Sqft
17,000Lot
Year Built
1965
Close
-
List price
$4.79M
Original List price
$5M
Price/Sqft
-
HOA
-
Days on market
-
Sold On
-
MLS number
NDP2508138
Home ConditionTear down
Features
Excellent View: Ocean
ViewOcean
About this home
*PANORAMIC OCEAN VIEWS * HUGE PLATEAU, DOUBLE LOT, ELEVATED, LOT OF 17,000 Sq Ft*** MULI MILLION $$ HILLSIDE,QUIET,PRIVATE NEIGHBORHOOD**PROPERTY ON BALBOA JUST CLOSED FOR 21.25M** CONCEPTUAL DRAWINGS AVAILABLE FOR STUNNING NEW ESTATE RESIDENCE, SINGLE LEVEL LIVING WITH OCEAN VIEWS FROM MOST ROOMS, POOL AND GUESTHOUSE ** POTENTIAL TO ADD 2 ADUS** SITE CONSISTS OF TWO LOTS COMBINED FOR A TOTAL OF 17,000 SQ FT. *POTENTIAL for LOT SPLIT.* EXISTING ON THE LAND IS A MID CENTURY SINGLE LEVEL ARCHITECT DESIGNED AND BILT IN 1965 WITH THE ADDITIONAL OPTION FOR TOTAL RESTORATION * RESTORATION CONCEPTUAL DRAWINGS AVAILABLE* GUEST HOUSE/ADU ON SECOND LOT WITH OCEAN VIEW **OPTIONS ARE ENDLESS**Sq Ft is based on conceptual drawings for a new home. ** BUYER TO VERIFY ALL WITH THE CITY OF DEL MAR PRIOR TO REMOVAL OF CONTINGENCIES*
Nearby schools
9/10
Del Mar Hills Elementary School
Public,•K-6•1.2mi
9/10
Del Mar Heights Elementary School
Public,•K-6•1.6mi
8/10
Earl Warren Middle School
Public,•7-8•2.0mi
10/10
Pacific Trails Middle
Public,•7-8•4.4mi
9/10
Torrey Pines High School
Public,•9-12•2.3mi
Price History
Date
Event
Price
11/04/25
Price Change
$4,788,000-2.2%
10/22/25
Price Change
$4,895,000
08/19/25
Listing
$4,998,000
Neighborhood Comparison
| Subject | Average Home | Neighbourhood Ranking (42 Listings) | |
|---|---|---|---|
| Beds | 3 | 3 | 50% |
| Baths | 3 | 3 | 50% |
| Square foot | 2,500 | 2,310 | 58% |
| Lot Size | 17,000 | 9,800 | 60% |
| Price | $4.79M | $2.88M | 79% |
| Price per square foot | $1,915 | $1,218 | 67% |
| Built year | 1965 | 1978 | 19% |
| HOA | |||
| Days on market | 79 | 151 | 14% |
Condition Rating
Tear down
The property was built in 1965, making it 59 years old. The listing description explicitly focuses on the 'potential for a stunning new estate residence' with conceptual drawings provided, or the 'option for total restoration' of the existing structure. The listed square footage refers to the conceptual new home, not the current one. Crucially, there are no interior photos of the existing house, which, combined with its age and the emphasis on redevelopment, strongly indicates the current structure is considered a tear-down. The value is clearly in the large lot, ocean views, and redevelopment potential, not the existing, likely original or severely outdated, home, including its kitchen and bathrooms.
Pros & Cons
Pros
Unrivaled Panoramic Ocean Views: The property offers expansive, panoramic ocean views from an elevated position, a highly coveted and premium feature in Del Mar.
Exceptional Development Potential: A substantial 17,000 sq ft double lot with conceptual drawings for a new estate, potential for a lot split, and ability to add multiple ADUs offers significant value-add opportunities.
Prime Del Mar Location: Situated in a multi-million dollar hillside, quiet, and private neighborhood in Del Mar, one of Southern California's most exclusive coastal communities.
Significant Lot Size & Elevation: The large, elevated 17,000 sq ft plateau provides privacy, commanding views, and ample space for a luxury estate or multiple residences.
Architectural Heritage & Restoration Opportunity: Features a mid-century architect-designed home from 1965, offering a unique restoration project or a foundation for a new custom build, with conceptual restoration drawings available.
Cons
Age and Condition of Existing Structure: The 1965-built home likely requires substantial renovation or a complete rebuild to meet modern luxury standards, implying significant additional investment for the buyer.
Recent Price Reductions: Multiple price adjustments from the original list price indicate potential overpricing or challenges in attracting buyers at the initial valuation, which could suggest a longer sales cycle.
Ambiguous Square Footage Information: The description states the listed square footage is 'based on conceptual drawings for a new home,' creating confusion regarding the actual size of the existing structure and requiring buyer verification.