Sparkling city lights and spectacular Newport Harbor views abound from this classic Balboa bay front home located on exclusive East Bay Avenue within the charming community of Peninsula Point. With a water front patio, sandy beach, and adjoining private pier and dock this immaculately maintained residence is sited on one of the most scenic parts of the harbor. Well-proportioned rooms and a thoughtful floor plan combine to make this waterside home easy to love. Here great room-concept living and dining areas are accented by a cozy fireplace and walls of glass that open to a bay front covered patio allowing for gracious indoor/outdoor living and entertaining. A spacious island kitchen with abundant storage enjoys open views to the water. There is a convenient first floor bedroom with adjoining bath and a residential elevator servicing the home's second floor. Upstairs the waterfront master bedroom suite with private terrace is bathed in a panorama of harbor views. Two guest bedrooms, two baths and a large media/family room complete the second level. Additional amenities include central air conditioning, a two car attached garage with adjacent third car parking pad, and direct on-grade access to the first floor. Live the Peninsula Point lifestyle...ride bikes along the boardwalk, play tennis at the Racquet Club, hop on the Balboa Ferry and take in the waves at the world-famous Wedge! A remarkable opportunity in the very best of bay front locations.