Nestled in the heart of iconic Balboa Island, this charming cottage presents a rare opportunity to create your dream coastal retreat. Full of character and potential, this fixer is ready for its next chapter, offering the perfect canvas for renovation, expansion, or a complete reimagining. Whether you choose to restore its timeless charm or build a custom island home, the possibilities are endless. Life on Balboa Island is unlike anywhere else in Orange County. Stroll to the picturesque waterfront, enjoy morning coffee at neighborhood cafs, dine at renowned local restaurants, or browse the island's unique boutiques. Spend your days paddleboarding, boating, kayaking, or cruising Newport Harbor from your own neighborhood. Walk 2 blocks to the historic Balboa Island Ferry, enjoy sunsets along the beach, or simply embrace the friendly small-town atmosphere that makes the island so special. Whether you're searching for a full-time residence, a vacation getaway, or an investment opportunity, this property offers the chance to become part of one of Southern California's most sought-after waterfront communities and create a home tailored to your vision.