Displaying arguably some of the best views along the boardwalk this light-filled, corner oceanfront home on Balboa Peninsula captures inspiring panoramic vistas up and down the coastline, as well as spectacular views of the bay front from the third floor solarium and deck. Zoned R2 with a short- term rental permit in place and a noteworthy vacation rental history this property holds endless possibilities. With a comfortable floor plan ideally suited for easy entertaining and casual beachfront living the four bedroom/four bath home benefits from the privacy afforded by its very unique elevated corner lot orientation. Stunning sit down views can be enjoyed from the living, dining and kitchen areas. The residence enters on grade - without any stairs - and boasts a desirable entry level, en-suite bed and bath, sauna, library, and 700 bottle, temperature-controlled wine cellar. A custom designed residential elevator provides easy access to all three levels of the home. The third floor master suite revels in captivating white water views and romantic Catalina sunsets. A newly completed veranda room with adjoining terrace offers exceptional views of Newport Harbor and the twinkling city lights beyond. Live the beach lifestyle. Enjoy al fresco dinners on your oceanfront patio. Take a stroll to the Balboa Island ferry, and myriad local shops and restaurants. A turn-key home awaiting its lucky new owner!