Welcome to a rare and exceptional property on Balboa Island Newport Beach, CA. This opulent and chic 2-bed, 2 bath residence holds an exclusive short-term rental permit presenting an extraordinary investment opportunity. A separate entrance to the upstairs allows for complete privacy and the option to have separate living quarters. Prestigiously located, as this is the only rear home on the South Bayfront, 104 Onyx offers a majestic and panoramic vista of the Newport Bay, a view reserved for the most discerning of individuals at a fraction of the price. This beautifully appointed home has undergone an extensive and meticulous remodel both inside and out leaving no details untouched with impeccable craftsmanship and designer touches such as Wolf appliances, new countertops throughout, new wood flooring, upstairs kitchenette, and updated exterior including a metal roof and stunning outdoor living space with bay views. A prime location intertwining glamour and convenience, it is situated steps away from the bay and one block from Marine Ave., the heart of Balboa lsland including a gourmet market, an abundance of charming boutiques and note-worthy restaurants. Allow your dreams of coastal extravagance to come to life on the prestigious Balboa Island-an unrivaled haven in this iconic and historical destination.