Once-in-a-lifetime opportunity to purchase a sensational home, just steps from the South Bayfront, with a rare short-term rental license. The gorgeous 2 bedroom, 2 bath home has been remodeled and upgraded with designer touches inside and out. Two stories, with stunning views of the Newport Harbor, this home has all the conveniences of a contemporary residence while retaining the charm of its original structure, built in 1924. The modern kitchen has an angled farmhouse sink, top-of-the-line appliances including a Wolf range, and fantastic Bay views. Dutch doors open onto the spacious deck, perfect for entertaining with a BBQ and ample seating. Both bedrooms have abundant built-in storage and custom closets. The upstairs bedroom is entered via an exterior staircase, functioning as a private suite with its own kitchenette. Additional amenities include new interior wood paneling, hard floors throughout, and private laundry. Sixteen steps to the sand and conveniently located one block from the quaint village center on Marine Avenue, this charming home is the perfect slice of Balboa Island life.