Welcome to Beacon Bay, one of Newport Beach's most beloved waterfront communities. The main residence is recently renovated and features 3 bedrooms and 3 baths, plus a powder bath. An upgraded kitchen, living room with fireplace, and a dining area complete the interior of the home. Additionally, the property includes an attached 1-bedroom, 1-bath ADU unit. Perfectly positioned along the wide grass estrada, the home enjoys a prime central location with peek-a-boo views from the front porch. Established in 1927, Beacon Bay offers an exceptional coastal lifestyle with expansive beaches, docks and boat slips (upon availability), lush grass estradas, tennis and pickleball courts, a play park, and direct access to the Balboa Yacht Basin marina and the iconic Eddie's Galley diner. With its distinctive layout, generous lot sizes near the water, parks, and open green spaces, Beacon Bay is unlike any other neighborhood in Newport Beach. All properties in Beacon Bay are subject to a 50-year land lease with the City of Newport Beach. There is no land buyout option. The annual lease payment is 2.5% of the purchase price, adjusted annually based on the CPI.