Location, location, location - as we all know are the 3 most important words in real estate investing. This prime Balboa Peninsula home with big ocean views is located one house off the oceanfront at Balboa's best swimming beach and bodysurfing spot, 8th to 10th Street beach, and is across Balboa Blvd from the iconic, Newport Harbor Yacht Club. This preferred location, by some of Newport Beach's first families, just doesn't get better for all of the fun of Balboa life; swimming, sailing, surfing, biking, volleyball, walking and all of the fun of the world famous Boardwalk and Fun Zone are just steps away outside of your door. This immaculately maintained home features two big view decks, two separate living areas; one up and one down, vaulted ceilings, a handsome kitchen open to the living room, two fireplaces, a large master suite, two family bedrooms, an abundance of storage and one of the best and most easily accessible parking garages on the Peninsula. This well loved, fourth generation legacy property has been a gathering spot for the same family since 1917 and can provide the next astute buyer with the opportunity of a lifetime of Balboa memories as well.