With the allure of one of Newport Beach’s most coveted and hard-to-obtain addresses, a prized waterfront setting and a nearly complete remodel that preserves its timeless appeal while incorporating sophisticated modern luxuries, this Bay Island home is a genuine rarity. Destined to sell quickly, the refreshingly light and welcoming residence is 95% new and greets friends and loved ones with a covered front porch and patio. Breathtaking bay views impress from the entry, which leads to open living and entertaining spaces that include a dining room, and a great room with custom built-ins, a fireplace, and slideaway glass doors leading to a balcony with panoramic water views. Passing sailboats, awe-inspiring yachts and shimmering evening lights reflecting on the bay create a backdrop for unsurpassed Newport Beach living. Open to the great room, a chef-caliber Leicht kitchen presents a spacious island, custom contemporary cabinetry and countertops, illuminated glass uppers and Gaggenau appliances. Four en suite bedrooms and six- and one-half baths are featured throughout nearly 4,539 square feet and include a main-level bedroom and two secondary bedrooms that open to a top-floor balcony with community-garden views. Private, opulent and poised to maximize dramatic bayfront views, the residence’s primary suite beckons with a fireplace-warmed sitting area, vaulted open-beam ceiling, covered waterfront view balcony, an office, two walk-in closets, and separate baths, with one boasting a freestanding tub and a separate shower. Preferred appointments include a trio of genuine wood-burning fireplaces, which are no longer allowed in new-build Newport Beach homes, Waterworks fixtures and lighting, Belgian 12"-wide wood-plank flooring, French Zellige tile and Marble in all baths and kitchen, solid wood white oak interior doors and cabinetry, abundant storage, two secured off-island parking spaces, and a lower-level bonus room with access to the backyard, lawn and small beach.