This magnificent, 1928 Spanish Colonial Revival bayfront Villa was designed by Wallace Neff, the renowned “Architect of California’s Golden Age,” and is a prime example of his mastery for scale and proportion and the romance and theatrical flair that his homes typically embody. Believed to be one of only two homes built by Neff in Orange County, and retaining the best of its finest old world materials including genuine Malibu Pottery tile, thick masonry walls, and heavy hand-hewn beams, the original Villa was completely restored in 2003, adding modern safety, conveniences and luxury; yet, retaining all of its unique charm and historic landmark status. Set on a prime bayfront lot in Balboa’s Peninsula Point neighborhood, with spectacular views of Newport Harbor, the night lights of Fashion Island and all of the activity of the harbor, the home is larger than current code allows and the tallest residential structure on the Peninsula, soaring to four stories, and features an intimate courtyard entry, a lower level game room, a huge outdoor tiled patio with tiled water features, a second floor living area with a fireplace emblazoned with a whimsical crest, an outdoor dining area, an abundant sized period kitchen, a family room with a fireplace, five bedroom suites, a waterfront master suite, a fanciful “crow’s nest” room, a roof top deck and a private pier & slips for two boats, one to 60’. This historic architectural masterpiece is a once in a lifetime opportunity of ownership.