RARE opportunity to live on the bayfront and enjoy the best views on the Balboa Peninsula. Watch the boats go by, see snow on the San Gabriel Mountains in the winter and the enjoy the lights of Balboa Island/Fashion Island at night. Located on East Balboa Blvd. this beautiful 4-bedroom, 4 bath home features a private boat slip (up to 70 feet of dock space) and your own private patio with spectacular views. The first floor has an over-sized living room on the bayfront, a new fireplace, wet bar and sliding glass doors that lead to the large private patio on the water. The downstairs includes a bedroom, bathroom, and direct access to the 2-car garage. All new flooring installed downstairs August 2019. The second floor boasts a very large master suite with the entire water frontage windows showing off the best views of Newport Harbor. It also has a private balcony, newly remodeled master bath (8/19), and walk in closet. Two additional bedrooms, with two adjoining bathrooms (also remodeled 8/19) and a large living space/den complete the second floor. Additionally, the home has central air, and additional parking in front of the 2-car garage on the street. Dock space included. Situated in the best walk-able location on the peninsula, 1202 East Balboa is a short walk away from the beach and boardwalk, the Balboa Village, and some of the best dining options on the peninsula. Unfurnished 12-month lease. Pets considered.