This Bay Avenue gem is the perfect property for multi-faceted living. Situated on one of the most coveted streets on the Peninsula and only 8.5 miles from John Wayne Airport, the convenience and ease of a waterfront lifestyle is a treasure. The residence has a private dock that will accommodate a 50' boat and room for a Duffy. Enjoy a peaceful backdrop of boaters, paddle boarders, swimmers and ocean life by day. Savor the twinkling city lights by night and the peaceful tranquility of a corner lot location. If you enjoy watching Balboa boat parades, this is the house for you! Parking is not a problem as this home offers a rare 3-car garage. Upon entering this immaculate home you will feel the refreshing ease in your stride as you step onto beautiful hardwood oak floors and embrace the warmth of a magazine worthy interior design. The first level offers 2 living areas separated by a true Chef's kitchen with built-in dining, a pantry and loads of storage. The Formal Dining Area offers a highly favored dutch door leading to an expansive back patio for outdoor entertaining or relaxation. A short flight of stairs leads to a spacious Master Suite where perfectly placed windows afford breathtaking elevated views of the Newport Bay and Fashion Island. Additionally located upstairs is a Guest Bedroom, Full Bath, a Technology Center/Office Space, a Living/Game Room and two bedrooms that share a Jack-and-Jill bath. This top-of-the-line property is priced to sell.