Positioned on one of the most coveted bayfront corners on Balboa Island, 700 South Bay Front commands an exceptional waterfront setting at Ruby Avenue with panoramic views of Newport Harbor and the iconic Balboa Pavilion. Beautifully remodeled throughout, this timeless coastal residence offers approximately four bedrooms, 3.5 baths, and a versatile first-floor den or bonus room that can easily serve as a fifth bedroom. Designed to maximize its exceptional waterfront location, the open-concept floor plan is filled with natural light and showcases beamed ceilings, rich hardwood flooring, a fireplace, and a picturesque bay window framing the harbor. The updated kitchen features premium stainless-steel appliances and flows effortlessly into the main living spaces, while beautifully remodeled bathrooms enhance the home's refined coastal aesthetic. Upstairs, the primary suite offers a peaceful waterfront retreat with a thoughtfully renovated bathroom and a private balcony overlooking the harbor. The expansive bayfront patio is one of the home's defining features, providing an extraordinary setting for entertaining, al fresco dining, barbecues, or simply enjoying the ever-changing waterfront scenery. An attached two-car garage with epoxy flooring and custom built-in storage offers generous space for vehicles, bicycles, paddleboards, and beach essentials. Just moments from Marine Avenue's charming boutiques and restaurants, the Balboa Island Ferry, waterfront dining, and the island's picturesque boardwalk, this exceptional bayfront residence offers a rare opportunity to lease in one of Balboa Island's most desirable waterfront locations and enjoy the best of island living.