Don't Miss Out on This Rare Opportunity! Discover the unparalleled charm of this prestigious property nestled in the heart of the Balboa Peninsula. Situated between the iconic Balboa Pier and Newport Pier, this boutique hotel offers a unique blend of luxury and coastal living. Featuring (7) studios, (2) 1 bed / 1 bath units, and (2) 2 bed / 1 bath units, this property boasts versatility to accommodate various lifestyles. Four units offer breathtaking ocean views, providing a picturesque backdrop to everyday living. Recently renovated, each unit showcases distinctive designs with modern upgrades including quartz countertops, new cabinetry, vinyl flooring, custom tiled showers, recessed lighting, and dual-pane windows throughout. Abundant natural lighting floods the interiors, creating an inviting atmosphere, while the soothing sounds of beach waves offer a sense of tranquility. Situated on an oversized 35-foot-wide corner lot, this property comes with an impressive 9 STR permits, providing lucrative short-term rental opportunities. Whether you're seeking an investment property or a family compound, this is a once-in-a-lifetime opportunity in Newport Beach. Enjoy close proximity to Marina Park, McFadden Square, Balboa Fun Zone, Newport/Balboa Piers, fine dining establishments, and some of the best ocean views in the area. With nearby Newport Elementary School and convenient access to surfing and beach activities, this property offers the ideal coastal lifestyle. Don't let this rare gem slip away - seize the opportunity to own a piece of Newport Beach's iconic coastline.