84/48 LUXURY · NEIGHBORHOODS
LUXURY · SINGLE LEVEL WATERFRONTBalboa Point at Ocotillo
Gated, on the water, every home single level. Right-sized rather than oversized, which suits more people than expect it.
100%
SINGLE
LEVEL
~67
Homes
Tight enclave
3,266 sf
Median Home
Standard Ocotillo
100% · 91% ↑
Gated · Pool
Lake-mention: 55%
Why Locals Love It.
The homes in Balboa Point at Ocotillo went up in one tight window, 2002 to 2003, on quarter acre lots, and run around 3,266 square feet through the middle of the range. The water is the point. Homes sit on it, back to it, or look across it, and the lots that do carry a premium for good reason. Almost everything is single level. Pools are standard here, not an upgrade.
Water out the back and a gate at the front. That pairing is rare enough that buyers wait for it rather than settle.
HOA runs around $227 a month. Gated means a code, not a guard house. Worth setting expectations on. Homes here cluster close to 3,266 square feet, so the streetscape stays consistent. Schools are CTA Independence, Bogle Junior High and Hamilton.
Why it works.
Pro Tip
Not every waterfront lot is equal. Ask which direction it faces and what you are looking at across the water. Two homes on the same lake can be very different to live in.
THE HONEST TRADEOFF
Lots are on the smaller side for this price tier. You are buying the setting and the house here, not the land.
Who this fits.
““Balboa Point is one of the more underrated entry points into gated Ocotillo. The 67-home scale is tight enough to feel known, the price band is predictable, and the comps are clean — three things that make first-time Ocotillo buyers feel confident about their decision instead of second-guessing it.””
The specs.
Zip 85248
Submarket South Chandler · Ocotillo
Tier Luxury
Style Gated Lake-Adjacent
Homes ~67
Median Home 3,266 sf
Median Lot 0.27 ac
Build Era 2002–2003
Gated 100%
Pool Rate 91%
HOA ~$205/mo
Owner-Occupied 98%
Schools CTA Independence / Bogle / Hamilton
Where it sits.
Thinking about Balboa Point?
Eleven sales in the trailing window means there's usually inventory to shop here — but the gap between "any home in Balboa Point" and "the right home" matters. The lake-adjacent homes price differently from the interior streets, and the renovation level matters more than the square footage. Let's talk specifics.