The epitome of coastal luxury, nestled on Balboa Island in Newport Beach. Boasting breathtaking harbor views from both levels, this lavish 2-bedroom, 2-bath residence comes complete with an exclusive short-term rental permit, offering an unparalleled investment prospect. Enjoying a coveted position as the only rear home on the South Bayfront that offers a panoramic view of Newport Bay. This home was meticulously renovated in 2023 and features a separate upstairs entrance, affording total privacy and the flexibility for separate living quarters if desired. Every aspect of the property has been thoughtfully redesigned, showcasing impeccable craftsmanship and upscale finishes, including top-of-the-line Wolf appliances, new countertops, hardwood flooring, an upstairs kitchenette, and an updated exterior with a striking metal roof. Outside, an inviting outdoor living space beckons, offering unparalleled bay views and an ideal setting for relaxation and entertainment. Conveniently located a few feet away from the bay and a block away from Marine Ave., the heart of Balboa Island. Live in a vibrant community boasting a gourmet market, charming boutiques, and renowned dining establishments. Embark on a journey of coastal opulence in this iconic and historic destination, where dreams of seaside living become a reality.