2 ACTIVE SHORT TERM RENTAL PERMITS!! Soak up the surf and sun at this versatile oceanfront fully furnished duplex in Newport Beachs sought-after Peninsula Point neighborhood on the Balboa Peninsula. With one unit on each level of the two-story residence, you can live in one and rent the other, or use both as valuable income-producing opportunities. The renderings show how property can look if you build out the current plans plans that have been submitted to the city for a future custom home, making it easy to create the seaside home of your dreams. Presenting a quieter setting near the end of the boardwalk, the duplex is close to The Wedge surf break, Peninsula Park, the Peninsula Point Racquet Club, the Balboa Pier, and Main Streets vibrant shopping and dining destinations. A spacious view patio highlights the lower-level residence, which features two bedrooms, two baths, a living room with fireplace, a white kitchen, and a dining room that opens to the patio. The open and bright upper unit showcases a vaulted ceiling, a fireplace-warmed living room, a sunny ocean-view deck, a gourmet kitchen with breakfast bar, three bedrooms and two baths. An attached four-car garage with epoxy flooring provides ample off-street parking and room for storing bikes and surfboards.