Stunningly warm Bay Front home on the prestigious Balboa Peninsula offers magnificent views spanning from the iconic Newport Harbor to Mount Baldy.and just steps from your back door to the private beach, boat dock and private boat slip that accommodates a 50 foot vessel. The two level home has an open concept floor plan, an airy and light-filled living area, spacious dining area, fire place, custom built-ins , a cozy bar area and powder bath. Deluxe chef’s kitchen features stone countertops, farmhouse sink, classic white cabinets, large island with utility sink, 60 inch Viking range with double ovens and a Sub Zero refrigerator. The second level boasts a spacious primary suite with large private balcony offering breathtaking Harbor and Coastline views, sitting area with fireplace and wine refrigerator, spacious walk-in closet and a luxurious spa bathroom with dual vanities, large soaking tub, and oversized walk-in shower. The two spacious en-suite guest bedrooms have custom features throughout with one enjoying its own private balcony. WAIT..there's more. An extraordinary opportunity to acquire plans approved through the Coastal Commission for the addition of a third level. The new plans include a bedroom, full bathroom and large entertaining room behind folding glass doors that open up to arguably the largest roof deck in the area. The magnificent 1,000+ sq. ft. rooftop terrace will truly be an entertainer's dream with its multiple covered and uncovered lounging areas, fire pit, hot tub, outdoor kitchen and artificial turf area overlooking the Newport Harbor, Corona Del Mar and snow capped mountains. Included plans for the redesign and addition completes this rare offering, making it one of the best options out there for any discerning buyer.