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Listed by Annette Boggs • Above and Beyond Real Estate
$1,995,000
Est. payment /mo
3 Beds
3 Baths
1,772 SqFt
New
1046 BALBOA Pacific Grove, CA 93950
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Key Details
Property Type Single Family Home
Sub Type Detached
Listing Status Active
Purchase Type For Sale
Square Footage 1,772 sqft
Price per Sqft $1,125
MLS Listing ID ML82055504
Bedrooms 3
Full Baths 2
HOA Y/N No
Year Built 1940
Lot Size 5,000 Sqft
Property Sub-Type Detached
Source Datashare MLSListings
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.
Location
State CA
County Monterey
Interior
Heating Other
Cooling None
Fireplaces Type Gas
Fireplace Yes
Exterior
Garage Spaces 1.0
View Bay, Water
Private Pool false
Building
Lot Description Level
Story 2
Water Public
Architectural Style Other
Schools
School District Pacific Grove Unified, Pacific Grove Unified
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