Exquisite waterfront home with expansive views of Newport Harbor, perfectly positioned in the highly sought-after Cannery Village of Newport Beach. This is your rare opportunity to own one of just a few waterfront homes in this prestigious and exclusive, gated community along the coast. This beautifully maintained 3 bedroom, 2 bathroom home features a bright and airy open floor plan, with large windows allowing you to embrace the water views from 2 bedrooms as well as 2 massive waterfront decks. Large outdoor entertaining areas with a large BBQ island where outdoor fun is year round! Featuring modern upgrades throughout, the home includes a well-appointed kitchen, stylish living spaces with water views, and comfortable bedrooms designed for both relaxation and entertaining. One car garage and driveway parking as well as guest parking - a rarity on the peninsula! Cannery Village is known for its unbeatable location with gated entry and community hot tub. This home offers easy access to the best of Newport Beach, including beaches, parks, and upscale dining and shopping at Lido Marina Village, Nobu, the Canary, BlueWater Grill, and more! Step out onto the neighborhood dock to enjoy water activities like kayaking or paddle boarding, or simply relax by the water's edge. Enjoy living the ultimate waterfront lifestyle, where coastal living and luxury come together. Whether you're seeking a permanent residence or a vacation retreat, this is the ideal place to call home. Don't miss out on this once-in-a-lifetime chance to own in the most premier location on Newport's Balboa Peninsula. Schedule a private tour today! Land Lease $5,515/mo.