Exceptional development opportunity on the highly coveted Balboa Peninsula at 2156 East Ocean Boulevard. Ideally positioned just moments from the sand and harbor, this premier 3,060 sq.ft. parcel offers the rare chance to design and build a custom dream residence with potential harbor entry and ocean views from an elevated second and third level. The current 3 bedroom 2 bathroom residence offers classic beach-house character, flexible living space, and exceptional potential in a premier Newport Beach setting. Surrounded by luxury new construction and multimillion-dollar waterfront properties, the lot presents an incredible canvas for a sophisticated coastal retreat. Envision a stunning contemporary or warm coastal-modern home featuring expansive view decks, indoor-outdoor living, rooftop entertaining space, and panoramic sunset vistas overlooking Newport Harbor's iconic harbor entrance. Whether you are a developer, investor, or end user seeking to create a legacy property, this is an outstanding opportunity to secure a prime location with exceptional upside potential. Buyer to verify all development possibilities, square footage, height limits, view potential, and zoning requirements with the City of Newport Beach. Rare opportunity. Premier location. Unlimited potential.