Available for sale or long term lease! Welcome to an unparalleled oceanfront retreat on the iconic Balboa Peninsula in Newport Beach. This rare gem offers breathtaking, panoramic views of sandy beaches, Catalina Island, sparkling ocean waters, and the Balboa Pier from both levels of the home, creating an unrivaled coastal living experience. Step inside to discover a thoughtfully designed open floor plan, where luxury and functionality harmonize seamlessly. The chefs kitchen is a culinary masterpiece, featuring a center island, a 48" Wolf range, a Sub-Zero refrigerator, and premium finishes. The kitchen flows effortlessly into the dining and living areas, highlighted by floor-to-ceiling Weiland glass doors that invite natural light and coastal breezes into the heart of the home. This residence boasts four spacious bedrooms, including a stunning primary suite that serves as a private sanctuary. The primary features a walk-in closet, a cozy sitting area, and a spa-inspired bathroom with limestone finishes, a freestanding soaking tub, and a private balcony, where you can savor mesmerizing sunsets over the Pacific. The home is outfitted with a state-of-the-art AV system and Control4 automation, providing seamless control of entertainment, motorized window shades, lighting, and security features, including cameras and an alarm system, for effortless living. Outdoor living is elevated with a raised and oversized front patio, perfect for entertaining or quiet relaxation. Equipped with a cozy fire pit and a built-in BBQ, this space is ideal for enjoying the ultimate beachside lifest