2165 Balboa Ave

2165 Balboa Ave

D

Del Mar, CA 92014

$5,495,000

Beds

3

Baths

2

Sqft

2,800

Year Built

1950

Days on Market

8

Property Type

Single Family

HOA/mo

N/A

MLS ID

260004248SD

Description

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.

Mortgage Calculator

Est. Monthly Payment

$34,883

Principal & Interest$27,786
Property Tax$5,495
Insurance$1,603
%($1,099,000)
%

Investment Score

0D
Est. Monthly Rent

Market Rent Estimate

$7,778
Monthly Cashflow

Rent − PITI − HOA

$-27,106
Full Cashflow

Incl. vacancy, PM, maint, capex

$-33,474

Mortgage (P+I)
$27,786
Cap Rate
-1.24%
Cash-on-Cash
-29.60%
DSCR

⚠️ Need ≥ 1.25 for DSCR loan

0.28
Break-even Rent
$34,884

NOI (Annual)
$-68,257
Price-to-Rent

Lower = better for investors

58.9

* Defaults: 20% down, 6.5% rate, 30yr.

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