A rare lease opportunity sits on the water at 1016 East Balboa Boulevard on the highly coveted Newport Beach Peninsula. Featuring three bedrooms and two and a half bathrooms, the floor plan is great for every day beach living and entertaining. An open kitchen allows for views to the living room and out to the water. A private patio on the water makes the ideal place to watch the boats pass by, sunsets or enjoy the city lights at night. Upstairs you have an oversized primary suite with unobstructed views of the bay, in addition you have two other bedrooms and bathroom. Within walking distance of the Wedge, the Ferry and some of the West Coast's best beaches, this is truly a one of a kind rental opportunity on the water.