Your quest for the perfect bayfront residence ends with this spectacular home overlooking the beach and Newport Bay. Offering a private boat dock, this four-bedroom, four-and-a-half-bath property presents a unique opportunity to enjoy a refreshed residence on the coveted Balboa Peninsula. Light-infused interiors are generously sized at approximately 3,331 square feet, providing ample room for entertaining and upscale day-to-day living. On the main level, the living room features a fireplace and opens through a sliding glass door to a large bay-view terrace. The kitchen is beautifully designed and thoughtfully arranged to enhance socializing and food preparation, featuring stainless steel appliances, including a Sub-Zero refrigerator, dual Fisher & Paykel dishwashers, and a Viking six-burner stove and range hood. Additionally, you'll find a versatile bonus room with an en suite bath, ideal for use as a gym or office. Completing the main level is a half bath and a formal dining room. Upstairs, the primary suite is distinguished by an expansive private balcony with sweeping views of the harbor, a fireplace, two walk-in closets, and a luxurious bath with a jetted tub, walk-in shower, and dual sinks. Three additional bedrooms, each with vaulted ceilings, two more full baths, and a library on the second level provide abundant space to comfortably accommodate family and/or guests. Additional highlights include an elevator, new carpeting, fresh paint, an upstairs laundry room, and a two-car garage. The waterfront backyard offers numerous spaces for formal and casual entertaining, impromptu parties, and easy relaxation. With right-out-the-door access to both the bay and the beach in a prime location near Newport Pier, Marina Park, Lido Marina Village, and numerous restaurants and shops, this home provides an unparalleled lifestyle opportunity.