Major price reduction. Best value on the Balboa Peninsula and rare opportunity to own new construction. Won't last long at this new price. This expertly designed contemporary residence, featuring 3 bedrooms and 3 bathrooms, includes every modern convenience. Just a short stroll to local restaurants, shops, sun-drenched beaches, Newport Harbor, Newport and Babloa Piers, ferry, and the Balboa fun zone. Short term lodging is permitted. Significant rental returns. Weekly: approx. $4,000 during peak season' Yearly approx. $5,000/month. Being the larger of the two units, this is a great value offered for $115,000 less