Welcome to the epitome of California Bayfront luxury! Nestled in the heart of Balboa Peninsula on a generous corner lot, this home has been completely renovated from top to bottom. In addition, this exceptionally rare Bayfront home offers a separate 2 BR/2 BA back unit/guest house. Never lived in since the remodel, it includes a private dock to accommodate a 50'+ yacht plus a side-tie Duffy and parking for 3 cars. Clearly, a rare treasure waiting to be discovered. Boasting bay views, coastal charm, and modern amenities, this property redefines Bayfront living in every way for the discerning buyer. Offering exclusive access to a semi-private beach and an intimate rooftop deck, providing breathtaking vistas of the bay, Balboa Island, Harbor Island, and beyond. Conveniently located near popular attractions such as restaurants, the Balboa Island Ferry, the Fun Zone, and world-class beaches, you'll experience the best of Newport Beach right at your doorstep. Step into luxury as both residences have been meticulously remodeled from the studs, featuring designer upgrades and high-end finishes throughout. With a total of 5 bedrooms and 5 baths across nearly 3,000 square feet, each unit offers spacious living areas and abundant natural light, creating an inviting and sophisticated atmosphere. The main residence spans nearly 2,000 square feet with 3 bedrooms and 3 baths (1 bed and bath on the main level), offering indoor/outdoor living and spectacular bay views. Enjoy panoramic views from the rooftop deck, entertain guests on the waterfront patio, or relax in the luxuriously appointed primary suite with a freestanding tub and private balcony overlooking the bay. The secondary residence is ideal for guests, featuring two bedrooms, two baths, vaulted ceilings, and two bay view decks. Indulge in the latest smart-home technology, new plumbing, electrical systems, new Milgard windows, and whole-house water and air purification systems. Every detail has been anticipated to enhance your comfort and convenience. Live in the front and keep the back for guests or rent either unit to defray costs. A 2-car garage plus a carport accommodates all residents/guests. Just 3 blocks from white sandy beaches and famous surf spots, this property invites you to embrace the quintessential coastal lifestyle of Newport Beach. Whether you're strolling along the boardwalk to dinner or enjoying water activities right from your doorstep, every day feels like a vacation in paradise.