Situated on a light-filled corner Oceanfront lot on Balboa Peninsula this four bedroom, four bath home captures panoramic vistas of beach, ocean, and coastline. With an open floor plan ideally suited for entertaining and casual beachfront living this home benefits from the privacy afforded by its unique elevated lot orientation along the quiet end of the boardwalk. Master suite with captivating views of sunsets over Catalina. Top floor terrace and adjacent sunroom affording views of Newport Harbor and hills beyond. Unique lower level with library and 700 bottle wine cellar. Desirable entry level bedroom with private sauna. Sit down views from living, dining, and kitchen. Elevator servicing all floors. Located within easy walk of the Balboa Island ferry, shops and restaurants this immaculate seaside home captures the essence of what makes Peninsula oceanfront living so desirable. Additionally R-2 zoning makes for unique opportunity to have turn-key seaside home and high rental off-set.