One of the most UNIQUE opportunities to become available in prestigious Irvine Terrace. Perfectly positioned on coveted Bayside Drive, this exceptionally rare R-1 zoned parcel offers a chance to own a piece of one of Corona Del Mar's most exclusive coastal neighborhoods. Currently improved with a secure storage structure that is approximately 10ft x 30ft and a private circular driveway ingress/egress easement accommodating up to three vehicles, this distinctive property presents a blank canvas for your vision (buyer to verify all future uses with city of Newport Beach). Surrounded by multi-million dollar residences and just steps from Balboa Island, Newport Harbor, world renowned beaches, Fashion Island, yacht clubs, the location alone is nearly impossible to replicate. Whether you're an investor, builder, someone needing more storage and parking, or seeking a truly one of a kind opportunity, properties like this rarely ever come to market. Walking distance to Balboa Island and Newport Harbor.