Completely renovated approximately one year ago with high-end finishes, this beautifully updated Balboa Island property offers an ideal combination of style, flexibility, and an exceptional island location. The spacious front two-story residence includes 4 bedrooms and 2 bathrooms and is accompanied by an attached single story studio, 1-bath unit with kitchenette, creating an ideal setup for multi-generational living, or a dedicated work-from-home space with privacy from the main living areas. The thoughtfully renovated interior features high-end finishes throughout, complete chef's kitchen, a charming brick fireplace, and inviting living spaces filled with coastal character. Enjoy indoor-outdoor living with two patio areas, including an enclosed interior patio and a front yard patio that is perfect for entertaining, dining, or relaxing. A one-car garage provides convenient parking and includes an EV Charger, designated laundry area with washer/dryer assigned to your unit. Ideally located just a few blocks from the Balboa Island Ferry, with easy access to the bay, beach, shops, restaurants, and the island's charming village atmosphere. Situated within highly regarded Newport-Mesa schools. This rare lease opportunity offers the perfect blend of coastal living, flexible space, and convenience in one of Newport Beach's most desirable island communities. One year lease preferred. Pets evaluated on a case by case basis. AC being installed next week!