2165 Balboa Ave
About This Property
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What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| May 1, 2026 | Sold | ||
| Sold | |||
| Apr 26, 2026 | In contract | - | |
| In contract | |||
| Feb 22, 2026 | Listed by Compass | $5,495,000 | |
| Listed by Compass | |||
| Aug 28, 2025 | Listed | $5,995,000 | |
| Listed | |||
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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.
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| Jun 2, 2025 | Listed | $6,495,000 | |
| Listed | |||
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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.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017