Discover coastal living at its finest in this beautiful Balboa Island home. Located just two blocks from the ferry on the sunny side of the street, this residence offers three spacious bedrooms, two and a half baths, and an additional loft. With abundant bright and open living spaces, the open floor plan includes a gourmet kitchen with stainless steel appliances, granite countertops, and a large island. The master suite features a private balcony, walk-in closet, and en-suite bathroom. The outdoor living spaces include a charming courtyard perfect for enjoying ocean breezes. The property comes with a short-term rental permit and boasts a strong rental history, making it a great investment opportunity. The one-and-a-half-car garage with an adjacent carport adds valuable storage and parking. Perfect for full-time living, a vacation getaway, or a turnkey rental, 127 Pearl Ave is a rare find in the heart of Balboa Island.