An exceptional opportunity to own a duplex in a prime corner location on Newport Beach's coveted Balboa Peninsula. Ideally situated approximately one block from the Pacific Ocean and public beach, as well as one block from Newport Harbor and the bay, this property places you right in the heart of the Newport Beach coastal lifestyle. Enjoy close proximity to the prestigious Newport Harbor Yacht Club and the shops, restaurants, and attractions of Balboa Village. With two spacious residences, desirable parking, and beautiful ocean views, the property presents an outstanding opportunity for an owner-user or investor alike. The upper-level residence features 3 bedrooms, 2 bathrooms, and approximately 1,440 square feet of living space. Highlights include an open-concept floor plan, vaulted ceilings, hardwood floors, and a spacious living and dining area. The ocean-view primary bedroom and private balcony with a stone deck provide the perfect setting to take in the coastal surroundings. Additional amenities include interior laundry and a two-car garage. The lower-level residence offers 2 bedrooms, 2 bathrooms, and approximately 1,024 square feet. This inviting unit features a fireplace, interior laundry, and a private ground-level stone patio deck, creating a wonderful extension of the living space. Parking includes a one-car garage and an additional partially covered carport space. Whether you choose to live in one residence while generating rental income from the other, accommodate extended family, or maximize the property's investment potential, the possibilities are abundant. Ideally positioned between the ocean and the bay, and moments from some of Newport Beach's most beloved destinations, this is a rare opportunity to experience the very best of coastal living.