Picturesque Beacon Bay, one of Newport Harbor's most coveted waterfront locations with its traditional nautical style, lush grassy stradas, and wide sandy bay beach, is the location of this vintage two-unit bay front cottage. With all of the character of homes of yesteryear, board and batten siding, a brick fireplace and a large bayfront covered patio, this duplex home will bring back all of your fondest memories of the beach. There are spectacular beach and water views of the Balboa Island Channel with its boats, paddleboarders, and kayakers. Proximate to the Bayside shopping center, Yacht Clubs and Balboa Island with its restaurants, and famous Boardwalk, this home is a rare opportunity to purchase one of Newport Harbor's most desired locations. The current duplex home has three bedrooms, two baths in the waterfront unit and a one bedroom, one bath apartment with views over the garage. Opportunities abound, live in it as-is, remodel or teardown to build the waterfront home of your dreams. Beacon Bay is a city of Newport Beach Tidelands leasehold. Annual Lease payment is 2.5% of the purchase price on a 50 year lease.