Presenting a rare opportunity to own a legacy property in one of Balboa Islands most peaceful and picturesque locations. Ideally situated on the quiet northwest corner of the island, this exceptional bayfront offering combines charm, flexibility, and unlimited potential in an idyllic coastal setting. Enjoy panoramic views of North Bayfront, with Collins Island just steps away and vistas that stretch across Harbor Island, Linda Isle, and Beacon Bay. The tranquil location offers direct access to the water and is just a short stroll from the iconic Balboa Island Ferryproviding easy access to the Peninsula, beaches, and harbor front attractions. The existing 2 bedroom, 2 bathroom cottage is filled with classic coastal character and is move in readyperfect for those seeking a relaxed island lifestyle today. Whether used as a full time residence, weekend getaway, or charming income property, it offers immediate enjoyment with lasting value. For those with a vision to build, the property presents an extraordinary opportunity to design a custom bayfront estate in one of Newport Beachs most desirable waterfront enclaves. Included with the property is private dock spaceideal for boating, paddleboarding, or simply embracing life on the water. A two car garage, accessible from the alley, adds to the convenience and practicality of this special offering. Whether you choose to preserve the home's enduring charm or create the custom residence of your dreams, this is a one of a kind opportunity to experience the very best of Balboa Island living.