This extraordinary traditional-style Balboa Peninsula bayfront home sits on a corner lot with 45 feet of frontage and offers spectacular 180 degree views of all of the activity of the main channel of Newport Harbor, with its myriad of boat activities, the city lights of Fashion Island and distant snow-capped San Bernardino Mountains. This recently built home was remodeled in 2009 and features a foyer with a soaring 2-story ceiling, a large living rm with a corner marble fireplace, and recessed TV, a formal dining area with French doors leading to the bayside patio, a gourmet kitchen with custom Cherry wood cabinets, granite counters and top of the line appliances, an office with a coffered ceiling, and powder rm . The 2nd level features an extraordinary master suite with dramatic views of the bay, a limestone fireplace, and an elegant bath/Jacuzzi tub, two bedrms with en-suite baths, laundry rm, a media room or gym with a hand painted mural by renowned artist, Mark King, and stairs leading to a large roof-top deck. The handsome palette of finish materials include varnished Cherry wood throughout, limestone flooring, cherry wood hardwood floors, marble, etched glass, and granite. The home sits on a spectacular waterfront setting with a swimmable beach.