Short Term Rental Permit Now Approved! Striking, newer construction, ocean view contemporary home perfectly positioned on a sunny corner mid-peninsula lot just steps from the shore break. With a sophisticated coastal color palette and a thoughtful floorpan this chic ocean-close residence with R2 zoning spans three floors, and features four bedrooms, four-and-a-half baths, a large third floor media room, and an elevator servicing all levels. With luxurious interior appointments throughout, the spacious living and dining areas are accented by wide plank hardwood floors, a fireplace, and a large front patio perfect for entertaining groups of all sizes. The adjacent amenity-rich chef's kitchen has abundant storage, a walk-in pantry, 48' Thermador professional range and an impressive marble waterfall center island. Four generous bedrooms can be found on the home's second level. The exceptional master suite revels in direct ocean views and features high ceilings, a fireplace, dual vanity master bath with steeping tub and separate oversize shower, and a large walk-in closet. The third floor media room has its own full bath and easily functions as a fifth bedroom option. The adjacent rooftop deck benefits from a built-in BBQ, fireplace and stunning whitewater views. The perfect al fresco dining venue! Additional appointments of the home include Sonos whole-house sound system, a two car direct access garage, and an outdoor beach shower with hot and cold running water. A coastal gem, this home functions perfectly as either a full-time residence, vacation getaway, or income generating short-term rental property. Ideally situated between the Balboa and Newport piers, and close to the Balboa Island ferry this turn-key opportunity is just a short walk or bike ride from all that Balboa has to offer.