Seize this exceptional opportunity to own a charming Beach Bungalow duplex, on a rare corner-lot, in the highly coveted Flower Streets of Corona del Mar. This coastal property offers flexibility, income potential, and future development possibilities, capturing the essence of Southern California living and multiple lifestyle or investment options. The front residence features 2 bedrooms, 1 bath, hardwood floors, a welcoming fireplace, and an updated kitchen filled with natural light and coastal character. Privately situated at the rear of the property is the 1-bedroom, 1-bath unit featuring an efficiency kitchen, spacious living area, wood beam ceiling, and a Dutch door for those cool ocean breezes. This unit provides ideal flexibility for guests, rental income, or a convenient office space. Each residence includes its own garage and laundry, plus an additional oversized rear parking pad - a rare convenience in the Village. Whether you continue operating as an income-producing property with long-term tenants, live in one and lease the other, create a custom coastal vacation home, or explore future redevelopment opportunities, this property presents exceptional upside in one of Southern California's most sought-after neighborhoods. Moments from world-class beaches, Newport Harbor, Hoag Hospital, Fashion Island, Fine Dining, Golf, Tennis, parks, and commuter access to the 73 Toll Road and Freeways - this property truly has it all!