2165 Balboa Ave, Del Mar, California 92014, Del Mar, - bed, bath

home-pic
ACTIVE$5,995,000
2165 Balboa Ave, Del Mar, California 92014
3Beds
2Baths
2,800Sqft
17,172Lot
Year Built
1950
Close
-
List price
$6M
Original List price
$6M
Price/Sqft
-
HOA
-
Days on market
-
Sold On
-
MLS number
250037427SD
Home ConditionFair
Features
Excellent View: Ocean
Deck
ViewOcean

About this home

Perched along one of the most iconic streets in Olde Del Mar, 2165 Balboa Avenue is a rare legacy property offering nearly 360-degree unobstructed views that span the Pacific Ocean, San Dieguito Lagoon, and surrounding mountains. This is not just a home—it’s a generational opportunity to create a one-of-a-kind coastal estate in a location that’s as timeless as it is irreplaceable. With only two families having owned the property since its original construction in 1950, 2165 Balboa carries a rich history and the promise of a new chapter. Floor-to-ceiling glass doors frame the best view in all of Del Mar, seamlessly connecting indoor and outdoor living. From sunrise over the hills to sunset over the Pacific—and even views of the races at Del Mar Racetrack—this is a vantage point few will ever experience. The existing residence offers three bedrooms, two baths, and a primary suite retreat with ocean and lagoon views, a cedar walk-in closet, and a private patio. The home’s open layout, natural light, and expansive wraparound deck make it the perfect setting for both tranquil mornings and elegant entertaining. But it’s the future that sets this property apart. With conceptual plans by award-winning designer Tyler Buffett, thoughtfully created in collaboration with Del Mar’s planning departments, this site is primed for a fully custom architectural masterpiece. The vision pairs dramatic coastal elegance with serene privacy, maximizing every angle of this irreplaceable view corridor. Steps from the sand yet elevated in privacy and presence, See supplement... Steps from the sand yet elevated in privacy and presence, 2165 Balboa Avenue is a once-in-a-lifetime chance to secure one of Del Mar’s most exceptional view lots—and craft a legacy home that will endure for generations.

Nearby schools

9/10
Del Mar Hills Elementary School
Public,K-61.4mi
9/10
Del Mar Heights Elementary School
Public,K-61.8mi
8/10
Earl Warren Middle School
Public,7-81.8mi
10/10
Pacific Trails Middle
Public,7-84.5mi
9/10
Torrey Pines High School
Public,9-122.4mi

Price History

Date
Event
Price
08/27/25
Listing
$5,995,000
Neighborhood Comparison

 SubjectAverage HomeNeighbourhood Ranking (42 Listings)
Beds33
50%
Baths23
28%
Square foot2,8002,310
65%
Lot Size17,1729,800
60%
Price$6M$2.88M
91%
Price per square foot$2,141$1,218
72%
Built year19501978
9%
HOA
Days on market70150
12%
Condition Rating
Fair

The property, built in 1950, is well-maintained and livable, but shows its age and requires significant updates to meet modern luxury standards, especially given its prime location and price point. While one bathroom appears to have a more recent update with white shaker cabinets and marble-look countertops, the main kitchen features dated white cabinets, dark countertops, and functional but not high-end stainless steel appliances, suggesting updates from 15-20 years ago. Other areas, including bedrooms with simple light fixtures and carpeting, are clean but basic. The listing description itself emphasizes the property as a 'generational opportunity to create a one-of-a-kind coastal estate' and 'primed for a fully custom architectural masterpiece,' strongly indicating that the value lies in the land and the potential for a new build, rather than the existing structure's current condition. The home is functional but outdated in key areas, aligning with the 'fair' criteria of being aged but maintained, with major components functional but showing signs of being outdated, and requiring minor to substantial updates to align with market expectations for a property of this caliber.
Pros & Cons

Pros

Unparalleled Panoramic Views: Offers nearly 360-degree unobstructed views of the Pacific Ocean, San Dieguito Lagoon, surrounding mountains, and Del Mar Racetrack, described as 'the best view in all of Del Mar'.
Prime & Irreplaceable Location: Perched on one of the most iconic streets in Olde Del Mar, providing an elevated, private setting just steps from the sand, making it a truly irreplaceable coastal estate.
Significant Development Potential: Conceptual plans by an award-winning designer, vetted with Del Mar's planning departments, are already in place, streamlining the process for a future custom architectural masterpiece.
Rare Legacy Opportunity: A generational opportunity with only two families having owned the property since 1950, offering a unique chance to secure one of Del Mar's most exceptional view lots.
Excellent School District: Located within a highly-rated public school district, including elementary, middle, and high schools with ratings of 8-10, enhancing family appeal and long-term value.

Cons

Age of Existing Structure: Built in 1950, the current residence is likely dated and positioned more as a site for redevelopment, implying significant demolition or renovation costs to meet modern luxury standards.
Substantial Additional Investment: The property is marketed as a canvas for a 'fully custom architectural masterpiece,' indicating that the current list price is primarily for the land and views, with considerable additional capital required for new construction.
Limited Current Home Appeal: While functional, the existing 3-bedroom, 2-bath home's primary value lies in its location and views, suggesting it may not align with the luxury expectations of a nearly $6M property without extensive upgrades or a complete rebuild.

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