Exceptional Coastal Duplex with Prime R2 Corner Lot - Development Opportunity in Newport Beach! Welcome to 806 W Balboa Blvd, a fully remodeled duplex located just steps from the sand and bay in one of Newport Beach's most desirable coastal neighborhoods. This rare corner lot property, zoned R2, offers outstanding potential for future development-whether you're looking to build a brand-new luxury residence, expand the existing structure, or create a high-yield investment property. The front unit was completely remodeled in 2025 and features three bedrooms, two bathrooms, a private two-car garage with alley access, and its own laundry area. Inside, you'll find a open concept modern kitchen with quartz countertops, white cabinetry, premium fixtures, brand-new appliances, and a sleek fireplace. The home also includes a new HVAC system, central air conditioning, and new windows throughout. A spacious private front yard provides an ideal space for outdoor entertaining or relaxing in the ocean breeze. The rear unit, also completely remodeled in 2025, located above the garage, is a stylish one-bedroom, one-bath retreat with a beach shower, private laundry and storage area, and a large side patio. It features an all-electric kitchen with contemporary finishes and offers stunning views of Balboa Bay, Fashion Island, and the Back Bay. This unit also includes a new HVAC system and central AC for year-round comfort. With wide alley access on both the side and rear, this corner lot offers enhanced privacy and flexibility for future development. Whether you're seeking a full-time residence, a vacation getaway, or a strategic investment, this property combines luxury, location, and long-term value in the heart of Newport Beach.