Imagine a Charming remodeled cottage nestled on Balboa Island, just steps from the serene bay of Newport Beach. This delightful 2-bedroom, 2-bath unit offers a perfect blend of coastal charm and modern elegance.Showcasing a Stylish Renovation, The cottage consist of a Lower Unit and a Penthouse, both have been thoughtfully updated with high-end finishes while retaining its quaint character. Both units display natural light flooding through beautilfully acquainted windows, showcasing stunning bay views.Redesigned for comfort, featuring ample storage and cozy decor that invites relaxation. Penthouse offers breathtaking views of the bay, making it an ideal space for entertaining or Maid Quarters! Enjoy sunsets from the bedroom, with the gentle sounds of the waves in the background.The property boasts a charming outdoor front patio, perfect for al fresco dining or morning coffee, surrounded by lush landscaping that enhances the coastal vibe.Prime Location, situated on Balboa Island just One Block West of Marine Ave; providing easy access to local boutiques, cafes, and the beach, making it a perfect retreat for those seeking a vibrant yet relaxed lifestyle. Currently operating as a successful Short Term Rental, ''STR Permit'' difficult to secure is transferable to the New Buyer! Whether you're looking for a weekend getaway or a permanent residence, this property is sure to captivate!