This beautiful bayfront is set on a premier stretch of the coveted Balboa Peninsula Point.  Steps from the iconic Wedge Beach on a quiet and broad tree lined street, this waterfront property is the epitome of luxury living.  Timeless curb appeal makes a stunning first impression and sets the tone of coastal grandeur that continues as you enter the chic foyer with sweeping staircase.  Prepare to be mesmerized by the magnificent kitchen and great room with sparkling bay views, HIGH COFFERED CEILINGS and precision millwork.  Enjoy watching colorful sailboats and stunning yachts cruising by from a chef's dream kitchen, perfect for preparing gourmet meals and hosting catered affairs.  Coastal white cabinetry, sand-hued countertops, top-of-the-line appliances and walk-in pantry all surround a striking sea-green island.  Opposite the kitchen, a gorgeous fireplace sits center in the expansive living area with a beverage bar and below ground wine cellar.  The living area continues outdoors on a sprawling covered deck with built-in BBQ, fire-pit and private dock that can accommodate a Duffy boat or other vessel up to approx 35 ft, and boundless bay views that are the best Newport Beach has to offer.  Completing the first floor is a spacious bedroom that can also serve as a den or office with an ensuite bathroom and an opulent half-bath.  Retreat upstairs via the stairs or elevator, where you will find a second living room with balcony, two additional bedrooms and bathrooms and separate laundry room.  The magnificent primary suite includes a large walk-in closet and bayfront balcony that runs the length of the room's grand seating area with a fireplace and massive sleeping area.  The stately primary bathroom features separate double vanities, makeup area, oversized shower and two private water closets.  Family room or den could be 5th bedroom option.  The bayfront splendor continues upwards to the rooftop deck with jaw-dropping 360 panoramic views of the bay, CDM and shimmering Pacific Ocean, along with a SPA and lounge seating.  A two-car garage offers ample built-in storage and space to park a golf-cart.  Enjoy bike riding to coffee and restaurants, access to the private bay beach, and one of the most coveted (and beachfront) schools in the country for your kids.  Fall in love with all the wonderful memories this home has to offer.