Arguably, the most spectacular views in the region, this distinct location affords a rare and awe-inspiring panorama of the Newport Harbor, the channel entrance, city lights, a vast expanse of the sparkling Pacific, Catalina Island, and the scenic surf line at Peninsula Point. Two penthouse units never before offered as a single spacious residence set on the most westerly waterfront position of Channel Reef and crowned by a continuum of floor-to-ceiling glass, capture the splendor of the charming Harbor and ocean horizon. Each previously fashioned with two bedrooms and two baths, the units are presented for sale with approved plans for a one generously accommodating three-bedroom, three and a half bath, enjoying a combined 98 feet of view frontage and approximately 2,600 square feet of living space. One of just a few gated waterfront buildings in coastal Orange County, Channel Reef affords not only extraordinary views, but also unique access to the harbor; available on-property boat slips; elevators servicing all levels; on-site management during staffed hours; private, gated parking for residents and guests; two designated covered vehicle spaces on same floor as unit; and a saltwater pool and spa set along the tranquil waterway. This is an exceptional opportunity to develop your ideal living environment and experience the inimitable lifestyle benefits of this idyllic enclave.