THIS RARE WATERFRONT GEM is one of the top luxury short-term vacation rental getaways in all of Newport Beach. The exceptional offering is completely turnkey and ready for a new owner to step right into an instant flow of year-round income. PRIVATE OVER-SIZED DOCK, Reissue of 2- COVETED SHORT TERM LODGING PERMITS (STLP) and 1- adjacent MOORING PERMIT transfer are included. The property is WELL-MAINTAINED, FULLY FURNISHED and upgraded throughout, melding today's modern luxuries with a balance of elegance and casual coastal living accommodations that meet demanding expectations of even the most discerning guests. A convenient locale allows easy access to all Newport Harbor waterways and beyond for boaters, paddleboarding or kayakers and is just steps or a bike ride away from everything the famed Balboa Peninsula has to offer; the beach for some of the best surf around, beautiful parks, art galleries, upscale boutiques, fine dining and night life, while providing exclusive privacy and tranquility of a quaint residential community living experience. The RARE CORNER LOT leverages E/W exposure into both units, while an adjoining tropical garden extends a greater sense of privacy and space. BOTH UNITS FEATURE 3 BRs, 2 BAs, sweeping bay views overlooking the Rivo Alto canal, alfresco dining, natural gas BBQ grill, sunning/lounging/entertainment areas, fire pit, spacious rooms with casual and comfortable furnishings, well-appointed kitchen, HVAC system, natural gas fireplace in living room & each a private 1 car garage. LOWER UNIT-Sleeps 8- Approx. 1,291 sq.ft., lg. teak-like patio