HUGE HUGE REDUCTION!!! Least expensive 5 bedroom under $5.5M this side of the bay!!! Located in the coveted Eastbluff neighborhood with PRIVATE park, this storybook home offers timeless charm and an exceptional coastal lifestyle. Beautifully remodeled throughout, this home features 5 bedrooms (including one downstairs with a private bath), 3.5 baths, and a fully finished 3-car garage. Situated on a tree-lined street within walking distance of all three levels of award-winning schools, this property offers one of the most desirable family-friendly locations in Newport Beach. Open floor plan includes two fireplaces and an inviting indoor-outdoor flow enhanced by French doors that open to the rear yard, creating seamless natural light and connectivity throughout the home. The chef’s gourmet kitchen overlooks the spacious family room with a fireplace and custom built-in bookshelves, making it ideal for both everyday living and entertaining. A formal living room with fireplace and dining room provide additional elegant gathering spaces. The granite kitchen is equipped with high end appliances consisting of a Bertazzoni 6-burner range oven and Sub Zero refrigerator, offering both style and high-end functionality. The primary suite features dual sinks, soaking tub, large walk-in shower with dual showerheads, and custom California Closets. Quartz countertops are featured throughout the bathrooms and vanity areas adding a clean, modern finish with durable, low-maintenance surfaces. A large private balcony off the primary suite overlooks the spacious rear yard. All bedrooms include custom California Closets, providing exceptional storage and organization. A convenient downstairs laundry room includes a laundry chute and sink. The lushly landscaped rear yard offers a private retreat complete with a spacious patio, fire pit, and built-in BBQ—perfect for entertaining or relaxing year-round. Recent improvements include a complete HVAC upgrade to a highly efficient heat pump system by Nextair with a 30-year warranty, a new tankless hot water heater, whole-house DIME water filtration system, a premium ZIP tap water system, EV charging station with a new dedicated subpanel, and custom blinds throughout. This home has NO Mello-Roos taxes and a very low HOA fee only $1,288 per YEAR.